Transformation of Taxation and Tax Procedures in the Information Society: Theoretical Concept

Fiscal policy has a significant impact on us all. How governments mobilize resources and spend them on public goods and services, and how fiscal policy is used to steer the economy, are critical for the well-being of societies. The digital revolution holds vast potential to improve fiscal policy. By transforming the way countries collect, process, and act on information, digital technology can reshape the way governments design and implement their tax, spending and macro-fiscal policies. If technology is used in a smart way, fiscal policy will be more efficient, transparent, equitable, and impactful-improving lives all over the world. The purpose of the article is forming the theoretical concept of digital transformation of taxation – from modern methods and procedures to the digital world in the context of a global digital economy development trend and formation of a network interactions society. The basic approaches to understanding the phenomenon of digital economy and its fiscal consequences were determined. It was found that changes in the structure of trust and relationships between taxpayers and the government, tax inversion are the fundamental innovation in the world's tax systems. The main participants or stakeholders in the taxation process were determined. They are: individual taxpayers, legal entities, software companies, tax agents (intermediaries), and the government, represented by the national tax office. Their goals, objectives and functions were defined. Considerable attention to innovative tax procedures and tools was paid: pre-population of tax return, electronic tax administration, electronic receipt, digital taxpayer's office, automation and data analysis, automatic tips. The expediency of new tax instruments' implementation into Ukrainian tax practice was substantiated, and the terminology and mechanism of implementation were proposed. The phenomena of tax flow inversion and digital exclusion were justified. In order to disseminate the latest digital tools successfully, the fisc requires extensive collaboration between the government and taxpayers, which will change the nature of the agent, authority and taxpayer relationship in the future. The SWOT-analysis of digital tax instruments was carry out. It was proved that the government expenditures for tax system functioning transformed imperceptibly into additional costs by economic entities in the information age. World experience that can be used to improve tax efficiency in Ukraine was generalized.