PROBLEMATIC ASPECTS OF CORPORATE INCOME TAXATION: IMPACT ON THE FINANCIAL SECURITY OF THE STATE

Abstract

The article examines the current issues of corporate income taxation in Ukraine, which are important for ensuring financial stability and security of the state. The economic situation in Ukraine, in particular, due to military actions and economic instability, creates challenges for the tax system, which has to balance the needs of the state budget with the need to support business and investment attractiveness of the country. Corporate income taxation plays a key role in budget formation and affects the competitiveness of enterprises, investment activity and overall economic development. The purpose of the article is to identify the main problems related to corporate income taxation in Ukraine and to assess their impact on the country's financial stability. The study provides an overview of the legal framework governing corporate income taxation and analyzes the main difficulties faced by businesses in paying taxes. The author emphasize the importance of reducing the tax burden, optimizing administration procedures, and introducing differentiated rates to support small and medium-sized businesses and sectors of strategic importance to the country's economy. The author of the article contribute to the study of tax issues through a comprehensive analysis of the current regulatory framework, economic research, and the results of the impact of tax policy on the activities of enterprises. The paper also identifies the role of the corporate income tax as a fiscal and regulatory instrument that generates budget revenues but can also act as a deterrent to business. The author emphasize the importance of introducing temporary benefits and tax exemptions for businesses affected by military operations and emphasize the need to revise tax regulations in response to new challenges, particularly in times of crisis. The scientific novelty of the study lies in the development of recommendations for improving the corporate income tax system in Ukraine, in particular by simplifying administrative procedures, reducing tax burden and introducing incentives to support economic activity. The recommendations proposed by the author can help improve Ukraine's investment attractiveness and reduce the risks of financial instability in the face of economic challenges. The practical significance of the results lies in the possibility of applying these recommendations by public authorities to improve tax policy and support business activity. The main conclusions of the study emphasize the need for a balanced tax policy that takes into account both the needs of the state for stable budget revenues and the needs of business for optimal conditions for development. In order to ensure the financial security of the state, it is important to improve tax administration mechanisms, reduce regulatory barriers, and support priority sectors of the economy through tax incentives.