DIPLOMA PAPER
TAX SYSTEM RESEARCH AND
ITS IMPACT ON THE SOCIAL
AND ECONOMIC ACTIVITY OF
THE ENTERPRISE
WRITTEN BY:
V YEAR STUDENT, EP-13-VM GROUP
ANDROSOV VALERII
SCIENTIFIC SUPERVISOR:
DOCTOR OF ECONOMICS, FULL PROFESSOR
O.M. ZBOROVSKAYA
CONTENT
INTRODUCTION
CHAPTER 1 BASIS OF TAXATION IN THE CONTEXT OF THE SOCIO-ECONOMIC
DEVELOPMENT OF ENTERPRISE
1.1 Evolution of scientific approaches to taxation of business entities
1.2 Systematics tax systems
1.3 Legislature taxation of economic activity Ukraine
1.4 The theory of social choice and its impact on the socio-economic environment of Ukraine
and the world
CHAPTER 2 ECONOMIC ACTIVITIES ANALYSIS OF PJSC "VIT"
2.1. Basic information about the company
2.2. Financial Analysis of PJSC "VIT"
2.3. Calculation of financial ratios
SECTION 3 PROJECT BACKGROUND AND RECOMMENDATIONS
3.1 Analysis of tax and methods of improving the efficiency of the company in cooperation with
the tax system
3.2. Construction econometric model of communication between GDP and total tax burden
3.3 Modern technology of public goods. The theory of social choice as a mechanism for adjusting
fiscal policy
CONCLUSIONS
LIST OF REFERENCES
APPLICATIONS
The purpose and objectives of the investigation: comprehensive assessment of the
tax system of the country, and determine the main directions of its improvement.
To achieve this goal in the research paper were solved the following problems:
- To highlight the theoretical aspects of assessing the effectiveness of fiscal
policy and identify ways to improve it;
- Making an assessment and analysis of financial and economic activity of the
enterprise in the context of the ability to pay taxes;
- Investigate the problematic aspects of financial activity of the company;
- Identify areas to the tax system improvement.
The subject of the study: financial and economic relations arising between
enterprises and the state.
The object of the study: indicators of the PJSC "VIT".
THE WORLD TAX BURDEN RATING
180
160
140
120
100
80
60
40
20
0
Net income (revenue) from sales of
rate, %
01.01.2013 01.01.2014 01.01.2015
Growth
Indication
(+/-)
Actual value
Deviation
THE MAIN TECHNICAL AND ECONOMIC
INDICATORS OF PJSC “VIT”
45620
40425
49510
9085
22,47%
Net income (loss)
362
130
-1430
-1560
-1200%
Average number of employees
525
457
344
-113
-24,73%
Payroll
26955
21131
15873
-5258
-24,88%
Equity capital
57335
57463
57051
-412
-0,72%
Non-current assets
46554
44425
41753
-2672
-6,01%
Long-term liabilities
3348
2795
965
-1830
-65,47%
Short-term loans and borrowings
14823
21299
31414
10115
47,49%
Accounts receivable
2478
1611
2484
873
54,19%
Stores
24406
35029
20097
-14932
-42,63%
Own current assets
10851
13060
15069
2009
15,38%
Productivity
55,34
49,23
49,17
-0,06
-0,12%
products
WORKING CAPITAL
Actual value
Deviation (+/-)
Elements of working capital
2012
2013
2014
Absolute
Relative
Stores
3695
4286
4754
468
10,92%
Accounts receivable
2478
1611
2484
873
54,19%
Stuff and stuff equivalents
1897
377
24726
24349
6458,62%
Other current assets
1190
171
115
-56
-32,75%
WORKING CAPITAL
STRUCTURE
Actual value
Deviation(+/-)
Elements of working capital
2012
2013
2014
Stores
39,90%
66,50%
14,82%
-51,68%
Accounts receivable
26,76%
25,00%
7,74%
-17,25%
Stuff and stuff equivalents
20,49%
5,85%
77,08%
71,23%
Other current assets
12,85%
2,65%
0,36%
-2,29%
THE MAIN FINANCIAL INDICATORS
OF PJSC “VIT”
Indicators
Designations
Calculation formulas
Norms
2012
Values
2013
2014
1. Liquidity indicators
1.1 The overall liquidity ratio
(coverage)
1.2 Quick ratio
1.3 Absolute liquidity ratio
2.1.1 Coefficient of autonomy
(independence)
2.1.2 The ratio of debt and equity
2.1.3 Ratio of total investments
2.2.1 Coefficient of inventory
2.2.2 The maneuverability of working
capital coefficient
2.3.1 Fixed asset index
2.3.2 The coefficient of the real value of
the property
2.3.3 Ratio of amortization of
accumulation
KZL
KZL= LA / TO
>2,0
1,953180868
1,743368
1,51769912
KSL= (LA-TMZ) / TO
>1,0
KAL =DS / TO
>0,2
2. Financial stability indicators
2.1 The ratio of debt to equity indicators
0,306685556
0,127841867
0,098737
0,017653
0,87795251
0,78706946
>0,5
0,759343628
0,704575
0,63794029
KBP
KPB = (DP+TO )/BK
<0,5
KP
KP = (BK+ DP) / VB
>0,7
2.2 Indicators of the working capital state
KZM
KZM= (LA-TO) / TMZ
>0,6
0,316926834
0,803684475
0,419296
0,738845
0,56754483
0,64873085
0,578915021
0,451997
0,80922526
KM
0,246428883
0,275534
0,28506074
0,811964768
0,773106
0,73185396
KSL
KAL
KAB
KAB = BK / VB
KM = (LA-TO) / BK
>0,5
2.3 Indicators of the fixed assets state
IA
IA = OS / BK
KRM
KRM= ZB / VB
>0,5
0,653458003
0,594615
0,51791345
GA
GA=(NI + NAI) /
(POS+PNA)
<0,25
0,49919478
-0,54696
-0,5757275
PAYMENT OF TAXES AND OBLIGATORY
PAYMENTS PJSC "VIT" FOR THE 2012-2014
Type of tax
Amount for the period
Budget
2012
2013
2014
Income tax
400
776
720
State
Income tax non-residents
116
118
157
State
Tax on added value
106
1912
890
State
Taxes on personal income (income tax)
4102
3020
2879
Local
Environmental tax
8
10
3
State
Water tax
-
-
-
State
787
778
783
State
The tax for the use of radio frequencies
-
-
-
State
The fee for use of water resources
4
25
11
State
Duty and VAT on imports
1085
997
24
State
Collection of the State Pension Fund
11453
9130
7315
State
Military collection
-
-
93
State
Transport tax
-
-
-
State
Communal tax
-
-
-
State
Other taxes and utility payments
-
-
-
State
Total in state budget
13959
13746
9996
Total in local budget
4102
3020
2879
18 061
16 766
12 875
The land tax (rent for land, which is located in the municipal
and state ownership)
Total
Total tax burden
DEPENDENCE OF THE TAX BURDEN
ON GDP IN THE WORLD.
GDP
ALTERNATIVE METHODS FOR
PUBLIC GOODS DEVELOPMENT
1) “Free riders" removal (The introduction of subscription fee for
connection to the cable television and computer networks, sale of tickets for the
event.)
2) Interdependent financing (Funding of public radio and television can
be carried out by the inclusion of a margin in the price of radio and television
receivers. Payment for advertising can be used to fund public radio and
television.)
3) Subsidization. (Activities of private finance organizations and
individuals programs for environmental protection and animal welfare).
THANK YOU
FOR ATTENTION!