FINANCIAL TRANSPARENCY AND TAX POLICY IN THE CONDITIONS OF ECONOMIC TRANSFORMATION IN UKRAINE

Abstract

The article is devoted to the study of financial transparency and tax policy of Ukraine in the conditions of economic transformation. The key aspects of ensuring transparency in financial management are highlighted, which is an important factor in increasing the trust of society and investors. Special attention is paid to the role of tax policy in stimulating economic growth, ensuring financial stability and combating the shadow economy. Examines the problems and prospects of ensuring financial transparency and improving the tax policy of Ukraine in the conditions of economic transformation. Financial transparency is defined as one of the key tools for creating a trusting environment for business, attracting investments and improving the efficiency of public administration. Emphasis is placed on the fact that a transparent tax system is the basis for reducing the level of corruption, stimulating economic activity and strengthening the country's economic security. The work examines modern challenges related to the need to reform the tax system, in particular, in the context of globalization, digitalization of the economy, and Ukraine's integration into the European economic space. The authors analyze the main aspects of tax policy, including the reform of tax administration, simplification of tax procedures, introduction of electronic services, as well as the fight against tax evasion. It was determined that the development of transparent mechanisms for managing state finances will contribute to increasing public trust in fiscal institutions and reducing the shadow economy. Particular attention is paid to the study of the impact of economic reforms on the financial stability of the state. Prospects for harmonizing Ukraine's tax policy with EU standards are considered, as well as the need to introduce the principles of sustainable development into the tax system. The article offers practical recommendations for improving tax policy, in particular by expanding the tax base, reducing administrative pressure on business, and stimulating innovation. Thus, the authors substantiate that financial transparency and effective tax policy are the basis for ensuring sustainable economic growth, increasing the country's competitiveness in the international arena, and achieving macroeconomic stability.