The impact of globalization on taxation

Abstract

Importance: this article reveals the view of the world economy on the impact of globalization on tax policy. It is concluded that taxation rules do not keep pace with the development of modern digital business models. The fundamental issues of taxation of the global economy are the problems of permanent government, determining the location and identity of counterparties, the amount of income received from the sale of digital goods and services. Purpose: to identify the impact of globalization on modern taxation practices. Research design: to achieve the set goal, a set of scientific cognition methods was used, including analysis, synthesis, systematicity, as well as special ones: comparisons, groupings, generalizations. With the help of content analysis, key taxes that are most affected by globalization were analyzed. Results: the advantages and costs of globalization are identified. The taxes that are most affected by the consequences of globalization are presented. The mobility of the tax base over time is indicated. The positive and negative factors of the influence of globalization on taxation are revealed. The consequences of the growth of globalization for the economies of different countries are revealed. A number of conclusions are made regarding the fact that the business activity of capital and labor force is redistributed for reasons of taxation rather than for productivity.