DE-SHADOWING THE ECONOMY AS A WAY TO INCREASE TAX REVENUES TO THE BUDGET

Abstract

Almost all countries of the world face the problems of the presence of the shadow economy. The shadow economy in Ukraine is characterized by the presence of a large scale, which leads to a decrease in tax revenues to the budgets of various levels, which make up the largest part in the structure of the consolidated budget of Ukraine in terms of revenues. This phenomenon leads to the presence of a budget deficit in the country and makes us look for directions in the fight against the shadow economy. The purpose of this study is to develop directions for the de-shadowing of the Ukrainian economy as a way to increase tax revenues to the budget. The relevance of the issue of de-shadowing the economy lies in the fact that every year there are more and more offenders who are constantly improving the forms and methods of tax evasion. Therefore, constant monitoring by scientists on this economic phenomenon is necessary and the development of appropriate recommendations regarding the de-shadowing process. The research methodology is based on the use of different methods of cognition, in particular, analysis, comparison, research method and systematization method. The article analyzes the structure of the consolidated budget of Ukraine by revenues for 2018-2020, analyzes the composition of tax revenues in the structure of the consolidated budget of Ukraine by revenues for 2018–2020. In the course of the study were considered the size of the state budget deficit for the period of independence of Ukraine, changes in the integral indicator of the level of the shadow economy in Ukraine and the rate of growth/decline in the level of real Gross domestic product (GDP). The dynamics of the level of the shadow economy is investigated by individual methods (method "household expenditures – retail turnover and services", electric method, monetary method, method of unprofitable enterprises). The reasons for the presence of a significant scale of the shadow economy have been determined. The main tools for shadowing financial flows were identified. In the article, the authors present the main directions in the fight against the shadow economy, which will ensure an increase in the level of tax revenues to the budgets of different levels (state and local).