GLOBAL EXPERIENCE IN IMPLEMENTATION OF INDUSTRY 4.0 TOOLS IN TAXATION

Abstract

The Industry 4.0 tools implemented quite intensively at lot of areas of the economy. The purpose of this work was to review the world experience of applying innovation in the taxation system and to identify recommendations for improving the tax system of Ukraine. In the article, the international experience of the distribution of corporate income tax in the conditions of globalization and digitalization of the economy. The agreement on the minimum corporate tax rate at the level of 15% for the profits of multinational companies was noted. The dynamics of corporate income tax rates in countries characterized as “tax havens” were analyzed based on data from the International Tax Justice Network Association The authors according to tax rates into four groups with high, medium, low and zero income taxation levels divide the sample of the studied countries. The article states that the solution to the problematic issues of tax administration can be solved through the implementation of blockchain technology, which allows achieving data transparency, receiving them in real time and increasing the efficiency of tax control. The experience of the countries of the world, regional associations, and international organizations in the application of blockchain technology for the exchange of data from the register of taxpayers between the levels of state and municipal authorities, the administration of income tax, the digitization of receipts, duties and customs fees was characterized. The features of the introduction of the Industry 4.0 toolkit with the aim of modernizing the national taxation system and improving the work of tax services were characterized. The implemented measures to increase the level of transparency due to the creation of an electronic taxpayer’s office, a single register of tax invoices, and mass introduction of fiscal recorders with third-generation programs were noted.