Application of financial liability for tax offenses: foreign experience and Ukrainian realities

Abstract

Peculiarities of application of the mechanism of financial responsibility for tax offenses in Ukraine and in foreign countries are considered. It is argued that violations of tax law are a common type of offense. It is noted that the legal system of many countries, including Ukraine, provides for strict regulation of the tax system, severe control of taxpayers' reporting and the application of financial sanctions in case of violation of tax laws. The tax legislation is analyzed, the norms of which are difficult to understand, and some are ineffective, which is one of the reasons for their non-compliance and the growing number of tax offenses. Emphasis is placed on the fact that the issue of financial sanctions for tax evasion and other tax offenses has a significant impact on the intensification of globalization processes in the global financial system. Under such conditions, further development of Ukrainian legislation on financial liability for tax offenses should take into account global trends in this area.