40_3
Strategic responses in corporate tax planning using opportunity areas
Article history: Received 19 July 2021, Received in revised form 10 August 2021, Accepted 10 August 2021, Available online 10 August 2021
Pages: 31-43
Author/Authors
Mykola Bondar, Oksana Portna, Natalia Iershova
Abstract
Using sampling for companies from EU member states and Ukraine, we find a significant and positive relationship between the company size and the amount of corporate taxes. We use questionnaires to determine the role of corporations in expanding the scope of tax management and discover an increased effect of corporate planning. Moreover, we offer a model of corporate tax planning considering the opportunity areas. This model determines the taxation framework for a company. We have developed a map to determine the degree of effective tax planning for a company. Finally, we use the functional-activity model of the tax planning process to substantiate the conclusion that the responsibility of the participants in such a process stipulates good business reputation. In general, our results suggest that corporate tax planning is an effective way to optimize tax liabilities.
DOI: https://doi.org/10.32933/ActaInnovations.40.3
Keywords
tax planning, tax policy, taxation, zones of opportunity, development strategy, corporate responsibility
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