TAX BURDEN IN THE CONTEXT OF ENSURING THE STABILITY OF THE BANKING SYSTEM

Abstract

Petryk O.I., Zorianskyi V.A. TAX BURDEN IN THE CONTEXT OF ENSURING THE STABILITY OF THE BANKING SYSTEM

Purpose. The aim of the article is the investigation of theoretical and practical aspects of the tax burden on banks in the context of ensuring the stability of the banking system.

Methodology of research. General and special scientific methods of research are used to achieve this purpose: logical generalization, system and structural analysis (in determining the essence of the tax burden on the bank, and its basic provisions); analysis and synthesis (in the study of the effect of the tax burden on the stability of the banking system); abstraction (when disclosing the concept of “tax burden on the banking system”); statistical methods (when studying the conditions and factors of the effect of the tax burden on the stability of the banking system of Ukraine), etc.

Findings. The level of tax burden on the banking system of Ukraine and international experience in this area are established; the current changes in tax legislation concerning the taxation of banking institutions are researched; the analysis of the current state of development of the banking system based on the main indicators that affect the formation of the tax burden of banking institutions; the current trends of the tax burden on the banking system are determined; proposals for adjusting the tax burden on the banking system of Ukraine are formulated in order to ensure its stability.

Originality. The theoretical and practical influence of the tax burden on the banking system is substantiated, which, in contrast to the existing research, takes into account the current trends in the development of this trend in Ukraine and some countries of the world, which contributes to the stability of the banking system.

The most significant scientific results of the study are the following:

-       the dynamics of changes in the size of the tax rate on income in some countries of the world are researched, and the impact of such changes on the stability of the banking system of the country is determined;

-       the direct and indirect effect of the tax burden on the bank and in particular on the banking system as a whole;

-       the application of tax privileges to the establishment of the optimal level of income tax for Ukrainian banks, based on foreign experience on this issue;

-       the necessity of applying a differential income tax rate for different banking services in Ukraine is determined.

Practical value. The results of the study can be applied in the banking sector (macro level and micro level), in order to develop practical recommendations for ensuring the stability of the banking system.

Key words: banks; banking system; stability; taxation of the banking sector; tax burden.