IDEAS home Printed from https://ideas.repec.org/a/iaf/journl/y2016i4p114-118.html
   My bibliography  Save this article

Fiscal Tool for Overcoming Poverty in Ukraine

Author

Listed:
  • Tetyana Tomnyuk

    (Chernivtsi Trade and Economics Institute of Kyiv National Trade and Economics University, Chernivtsi, Ukraine)

Abstract

In accordance with the UN research approximately 80 % of Ukrainians live below the poverty line. The article is concerned with the ways to induce increase in well-being of Ukrainian population through the fiscal tool. The structure of earnings of the Consolidated budget of Ukraine contains the analysis of a portion of mandatory payments, which cause tax burden on the nationals' income. It clears up the mechanism of application of the tax social privilege as a tool to protect socially vulnerable sectors of population. It finds that social standards in Ukraine disregard macroeconomic tendencies developing for years. The emphasis is made on the necessity to differentiate value added tax rates and to harmonize the rates of other taxes not directly influencing personal income, which are dominant in Ukraine. It describes the approaches to implementation of reduced value added tax rates, tax social privilege in withholding taxes from personal income and review of the minimum subsistence level that shall facilitate increase in income of the disadvantaged population.

Suggested Citation

  • Tetyana Tomnyuk, 2016. "Fiscal Tool for Overcoming Poverty in Ukraine," Oblik i finansi, Institute of Accounting and Finance, issue 4, pages 114-118, December.
    • Handle: RePEc:iaf:journl:y:2016:i:4:p:114-118
    as

    Download full text from publisher

    File URL: http://www.afj.org.ua/pdf/435-podatkoviy-instrumentariy-podolannya-bidnosti-v-ukraini.pdf
    Download Restriction: no
    File URL: http://www.afj.org.ua/en/article/435/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Viktor Synchak, 2012. "Development of Simplified Tax System in the Context of Small Business State Support and Stimulation of Employment," Oblik i finansi, Institute of Accounting and Finance, issue 4, pages 50-58, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Oleksandr Kramarov, 2018. "Justification of the Land Tax Structure in the Context of Efficient Use of Land Resources," Oblik i finansi, Institute of Accounting and Finance, issue 1, pages 93-98, March.
    2. Svitlana Kucherkova, 2017. "Using Information Technologies for the Promotion of Small Business: Foreign Experience," Oblik i finansi, Institute of Accounting and Finance, issue 1, pages 161-167, March.
    3. Nataliya Trusova, 2017. "Multiplicative Effects in System of Administering Taxes for Entities of Agricultural Business," Oblik i finansi, Institute of Accounting and Finance, issue 2, pages 116-126, June.
    4. Petro Borovyk & Volodymyr Slipchenko & Dina Kishchuk, 2016. "Problems of Excise Taxation of the Agrarian Business in Ukraine," Oblik i finansi, Institute of Accounting and Finance, issue 4, pages 87-91, December.
    5. Volodymyr Rudyk & Valentyn Oleksiyko, 2016. "Conditions of Pension System Reforming in Ukraine," Oblik i finansi, Institute of Accounting and Finance, issue 4, pages 106-113, December.

    More about this item

    Keywords

    poverty; income; income tax; value added tax; living wage; basket of consumer goods;
    All these keywords.

    JEL classification:

    • E64 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Incomes Policy; Price Policy
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iaf:journl:y:2016:i:4:p:114-118. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Serhiy Ostapchuk (email available below). General contact details of provider: https://edirc.repec.org/data/iafkvua.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.