The Quality of Tax Administration, Macroeconomic Stability and Economic Growth: Assessment and Interaction
(Pages 654-661)Andrii Zolkover1,*, Inna Tiutiunyk2, Vitalina Babenko3, Maryna Melnychuk4, Larysa Ivanchenkova5 and Nataliia Lagodiienko6
1Department of Business Economics and Tourism, Kyiv National University of Technologies and Design, Ukraine
2Department of Financial Technologies and Entrepreneurship, Sumy State University, Ukraine
3V.N. Karazin Kharkiv National University, Ukraine
4Cycle Commission of Economics, Management and Administration, Separate Structural Subdivision “Kharkiv Trade
and Economic Professional College of the State University of Trade and Economics”, Ukraine
5Department of Accounting and Audit, Odessa National Academy of Food Technologies, Ukraine
6Department of Accounting and taxation, Mykolayiv National Agrarian University, Ukraine
DOI: https://doi.org/10.55365/1923.x2022.20.76
Abstract:
The article deals with investigating the link between the quality of tax administration, macroeconomic stability and economic growth. The paper identifies the benefits and risks of the shadow operations for macroeconomic stability of the country. Based on the analysis of indicators of the effectiveness of tax policy implementation, an approach to assessing the quality of tax administration of the country was proposed. Based on empirical calculations, a conclusion about the low quality of tax policy in the country was made. The study of the relationship between the quality of tax administration and macroeconomic stability is based on the modified least squares method. The EU countries and Ukraine are identified as the statistical base of the study and the assessment period is 2005– 2019. The results of modelling on the example of Ukraine and EU countries proved the relationship between the quality of tax administration of the country and level of its macroeconomic stability and shadow economy. All indices are statistically significant at the level of 1% and 5% and 10% respectively. This research let the authors conclude that it is necessary to take into account the quality of tax administration in forecasting the level of shadow economy and economic growth.
Keywords:
Tax policy; Macroeconomic stability; Economic growth; Sustainable growth; Shadow economy; Tax administration; Sustainable development; Economic development policy.
How to Cite:
Andrii Zolkover, Inna Tiutiunyk, Vitalina Babenko, Maryna Melnychuk, Larysa Ivanchenkova and Nataliia Lagodiienko. The Quality of Tax Administration, Macroeconomic Stability and Economic Growth: Assessment and Interaction. [ref]: vol.20.2022. available at: https://refpress.org/ref-vol20-a76/
Licensee REF Press This is an open access article licensed under the terms of the Creative Commons Attribution Non-Commercial License (http://creativecommons.org/licenses/by-nc/3.0/) which permits unrestricted, non-commercial use, distribution and reproduction in any medium, provided the work is properly cited.