The impact of tax planning on the level of economic security of the company

• Main Authors: V. Yu. Padalkin, G. N. Strukov, A. M. Prygunkov, L. I. Churikov
• Format: Article
• Language: Russian
• Published: Voronezh state university of engineering technologies 2019-11-01
• Series: Vestnik Voronežskogo Gosudarstvennogo Universiteta Inženernyh Tehnologij
• Subjects: tax burden, company spending, taxes, economic party, economic indicators, tax optimization
• Online Access: https://www.vestnik-vsuet.ru/vguit/article/view/2181

Some aspects of business value management are considered. Important attention is paid to the management of the tax burden and its impact on the level of economic security. Taxation is a combination of economic (financial) and legal relations, reflecting the compulsory, irrevocable and gratuitous withdrawal of part of the income of legal entities and individuals to the state budget and local authorities. A company’s expenses are recognized as a reduction in economic benefits resulting from the disposal of assets (cash, other property) and (or) the occurrence of obligations, which leads to a decrease in the capital of this company, with the exception of a decrease in deposits by decision of the participants (property owners), and therefore for an economic entity taxes represent a significant part in the structure of all its expenses. Competent tax planning using legal methods of tax optimization contributes to the successful conduct of business in a modern market. On the example of a large business association, the analysis of indicators of the tax burden on basic taxes in dynamics over a number of years is carried out and conclusions are made about the effectiveness of tax planning.