18. Податки

The peculiarities of the Ukrainian Taxation Code lie in the evolutionary approach to improving the Ukrainian Taxation system.

Taxation of physical entities income. Introduction of tax – exempt minimal income corresponding to the poverty line and three tax rates instead of operating five tax rates should be the basis for improving taxation of entities income.

Property tax. The concept proposes to unite three taxes in one – two taxes already exist (a tax on vehicle owners and land payment ) and one has not been effected yet ( a real estate tax).

Local taxes and dues. The concept envisions changes in the structure of local taxes and dues, because some of them do not play an essential role in the budgets replenishment, but require considerable administrative expenses.

American Taxation system have some principle of taxation. The first one is the benefit principle.

And it is the second principle – the ability to pay principle. Most taxes can be classified as progressive, regressive, and proportional by their economic impact on the firms that have to pay them.

A regressive tax is one that takes a higher percentage of a low income and lower percentage of a high income.

A proportional tax takes the same percentage of all incomes, regardless of size.

If income tax is designed to be progressive, it means that it takes a larger fraction of high income than of low income.