PRIORITIES FOR FORMATION OF ANTI-CRISIS TAX POLICY

Abstract

The article describes the essence of the fiscal and regulatory functions of taxes; their role is defined in creating favorable conditions to support economic activity and to promote economic growth. It is proved that adopting a tax incentives policy is expedient in the periods of economic recession due to the expansion of regional tax authorities; it will ensure the effective implementation of the regulatory impacts on the restorative economic growth processes. Perspective directions have been defined to reform the legislative framework towards the taxation liberalization of the enterprises' capital ensuring achievement of the cumulative effect on the development of production and the increase in budget revenues. An economico-mathematical model has been suggested to evaluate the effectiveness of providing tax benefits for the corporate profit tax. The simulation results indicate that the increase in the taxable base of enterprises in the short term will not be able to compensate for the resulting budget losses