New Tax Policy on Resumption of the Business Entities’ Activities.

Abstract

In the modern conditions of the complex general economic situation in all branches of the world economy, one of the crucial issues related to improving the state administration system’s efficiency is the need to revise the state’s tax policy, including improving and increasing the taxation mechanism’s efficiency. At the same time, it should be emphasized that improving the tax mechanism in the conditions of modern challenges and systemic reforms should provide for a clear determination of complex measures to transform the tax system, formed on the basis of a scientifically based tax policy as the budgetary theory’s component of the state development, in general, and the restoration of individual companies’ activities, in particular. Due to the systemic subjective and objective reasons for the ineffectiveness of the budgetary and tax support for the development of many states, the need for such transformations is caused by the necessity of changing the fundamentals of the state’s budgetary and tax development and the current tax system for the effective operation of business entities as the tax system’s central goal. During the research, abstraction, idealization, system-structural, comparative, logical-linguistic methods, analysis, synthesis, induction, and deduction were applied to process scientific information on tax policy issues. Along with this, a questionnaire survey was used to clarify certain aspects of tax policy related to the resumption of business entities’ activities. Based on the research results, the features of resumption of business entities’ activities using the new tax policy’s tools were studied and certain practical aspects of this issue were clarified.