MANAGEMENT OF TAX GAP AS A PERSPECTIVE DIRECTION OF DESHADOWING OF ECONOMY

Abstract

Current trends in the socio-economic development of the economy indicate the need to find new mechanisms for increasing revenue in the state budget, including by minimizing illegal financial flows. The article is devoted to the concept and economic essence of the emergence of tax gaps in the economy. The main directions of its influence on the level of financial and economic development of the country are investigated. On the basis of a comparative analysis of the efficiency of the process of charging and collecting VAT and the level of shadowing of the economy, the existence of an inverse relationship between the analyzed indicators has been proved. The most widespread methods of illegal withdrawal of capital by economic entities are determined. Existing methods for assessing tax gaps – the top-down approach and the bottom-up approach are outlined, their advantages and disadvantages are identified. The main disadvantage of these methods include: a general assessment of tax gaps and the lack of detailed information on sectors or economic entities that cause them the emergence of a “top-down” method, and a significant amount of detail and time consuming time for the bottom-up method. The expediency of management of tax gaps as one of the most key directions of deshadowing economy in the world is substantiated. The most priority directions of management of tax gaps are determined – optimization of tax burden, elimination of legislative collisions, improvement of foreign economic policy, improvement of the system of cashless settlements and strengthening of control over movement of funds.