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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!