TAX SYSTEM RESEARCH AND ITS IMPACT ON THE SOCIAL

AND ECONOMIC ACTIVITY OF THE ENTERPRISE

DIPLOMA PAPER

WRITTEN BY:V YEAR STUDENT, EP-13-VM GROUP

ANDROSOV VALERII

SCIENTIFIC SUPERVISOR:DOCTOR OF ECONOMICS, FULL PROFESSOR

O.M. ZBOROVSKAYA

CONTENTINTRODUCTIONCHAPTER 1 BASIS OF TAXATION IN THE CONTEXT OF THE SOCIO-ECONOMIC DEVELOPMENT OF ENTERPRISE

1.1 Evolution of scientific approaches to taxation of business entities1.2 Systematics tax systems1.3 Legislature taxation of economic activity Ukraine1.4 The theory of social choice and its impact on the socio-economic environment of Ukraine and the world

CHAPTER 2 ECONOMIC ACTIVITIES ANALYSIS OF PJSC "VIT"2.1. Basic information about the company2.2. Financial Analysis of PJSC "VIT"2.3. Calculation of financial ratios

SECTION 3 PROJECT BACKGROUND AND RECOMMENDATIONS3.1 Analysis of tax and methods of improving the efficiency of the company in cooperation with the tax system 3.2. Construction econometric model of communication between GDP and total tax burden 3.3 Modern technology of public goods. The theory of social choice as a mechanism for adjusting fiscal policy

CONCLUSIONSLIST OF REFERENCESAPPLICATIONS

The purpose and objectives of the investigation: comprehensive assessment of the

tax system of the country, and determine the main directions of its improvement.

To achieve this goal in the research paper were solved the following problems:

- To highlight the theoretical aspects of assessing the effectiveness of fiscal

policy and identify ways to improve it;

- Making an assessment and analysis of financial and economic activity of the

enterprise in the context of the ability to pay taxes;

- Investigate the problematic aspects of financial activity of the company;

- Identify areas to the tax system improvement.

The subject of the study: financial and economic relations arising between

enterprises and the state.

The object of the study: indicators of the PJSC "VIT".

THE WORLD TAX BURDEN RATING

Australia

Azerb

aijan

Belgium

Brazil

Hungary

Germany

Hong Kong

Georgia

Israel

Indonesia

Spain

Kazakhsta

nQata

r

China

Lithuania

Mace

doniaM

alta

Netherla

nds

Norway

Pakistan

Portugal

Romania

SlovakiaUSA

US / New Y

ork

Thailand

Turkey

Ukrain

e

Finland

Czech

Republic

Sweden

South A

frica

Japan

0

20

40

60

80

100

120

140

160

180

IndicationActual value

Deviation

(+/-)

Growth rate,

%01.01.2013 01.01.2014 01.01.2015

Net income (revenue) from sales of

products45620 40425 49510 9085 22,47%

Net income (loss) 362 130 -1430 -1560 -1200%

Average number of employees 525 457 344 -113 -24,73%

Payroll 26955 21131 15873 -5258 -24,88%

Equity capital 57335 57463 57051 -412 -0,72%

Non-current assets 46554 44425 41753 -2672 -6,01%

Long-term liabilities 3348 2795 965 -1830 -65,47%

Short-term loans and borrowings 14823 21299 31414 10115 47,49%

Accounts receivable 2478 1611 2484 873 54,19%

Stores 24406 35029 20097 -14932 -42,63%

Own current assets 10851 13060 15069 2009 15,38%

Productivity 55,34 49,23 49,17 -0,06 -0,12%

THE MAIN TECHNICAL AND ECONOMIC INDICATORS OF PJSC “VIT”

WORKING CAPITAL STRUCTURE

Elements of working capital

Actual value

Deviation(+/-)2012 2013 2014

Stores 39,90% 66,50% 14,82% -51,68%

Accounts receivable 26,76% 25,00% 7,74% -17,25%

Stuff and stuff equivalents 20,49% 5,85% 77,08% 71,23%

Other current assets 12,85% 2,65% 0,36% -2,29%

Elements of working capitalActual value Deviation (+/-)

2012 2013 2014 Absolute Relative

Stores 3695 4286 4754 468 10,92%

Accounts receivable 2478 1611 2484 873 54,19%

Stuff and stuff equivalents 1897 377 24726 24349 6458,62%

Other current assets 1190 171 115 -56 -32,75%

WORKING CAPITAL

THE MAIN FINANCIAL INDICATORS OF PJSC “VIT”

Indicators Designations Calculation formulas NormsValues

2012 2013 20141. Liquidity indicators

1.1 The overall liquidity ratio (coverage)

KZL KZL= LA / TO >2,0 1,953180868 1,743368 1,51769912

1.2 Quick ratio KSL KSL= (LA-TMZ) / TO >1,0 0,306685556 0,098737 0,877952511.3 Absolute liquidity ratio KAL KAL =DS / TO >0,2 0,127841867 0,017653 0,78706946

2. Financial stability indicators2.1 The ratio of debt to equity indicators

2.1.1 Coefficient of autonomy (independence)

KAB KAB = BK / VB >0,5 0,759343628 0,704575 0,63794029

2.1.2 The ratio of debt and equity KBP KPB = (DP+TO )/BK <0,5 0,316926834 0,419296 0,567544832.1.3 Ratio of total investments KP KP = (BK+ DP) / VB >0,7 0,803684475 0,738845 0,64873085

2.2 Indicators of the working capital state2.2.1 Coefficient of inventory KZM KZM= (LA-TO) / TMZ >0,6 0,578915021 0,451997 0,809225262.2.2 The maneuverability of working capital coefficient

KM KM = (LA-TO) / BK >0,5 0,246428883 0,275534 0,28506074

2.3 Indicators of the fixed assets state2.3.1 Fixed asset index IA IA = OS / BK 0,811964768 0,773106 0,731853962.3.2 The coefficient of the real value of the property

KRM KRM= ZB / VB >0,5 0,653458003 0,594615 0,51791345

2.3.3 Ratio of amortization of accumulation

GAGA=(NI + NAI) /

(POS+PNA)<0,25 0,49919478 -0,54696 -0,5757275

Type of taxAmount for the period

Budget2012 2013 2014

Income tax 400 776 720 State

Income tax non-residents 116 118 157 State

Tax on added value 106 1912 890 State

Taxes on personal income (income tax) 4102 3020 2879 Local

Environmental tax 8 10 3 State

Water tax - - - State

The land tax (rent for land, which is located in the municipal

and state ownership)787 778 783 State

The tax for the use of radio frequencies - - - State

The fee for use of water resources 4 25 11 State

Duty and VAT on imports 1085 997 24 State

Collection of the State Pension Fund 11453 9130 7315 State

Military collection - - 93 State

Transport tax - - - State

Communal tax - - - State

Other taxes and utility payments - - - State

Total in state budget 13959 13746 9996  

Total in local budget 4102 3020 2879  

Total 18 061 16 766 12 875  

PAYMENT OF TAXES AND OBLIGATORY PAYMENTS PJSC "VIT" FOR THE 2012-2014

DEPENDENCE OF THE TAX BURDEN ON GDP IN THE WORLD.

Tota

l tax

bur

den

 

GDP 

ALTERNATIVE METHODS FORPUBLIC GOODS DEVELOPMENT

1) “Free riders" removal (The introduction of subscription fee for

connection to the cable television and computer networks, sale of tickets for the

event.)

2) Interdependent financing (Funding of public radio and television can

be carried out by the inclusion of a margin in the price of radio and television

receivers. Payment for advertising can be used to fund public radio and

television.)

3) Subsidization. (Activities of private finance organizations and

individuals programs for environmental protection and animal welfare).

THANK YOUFOR ATTENTION!