Devising ways to improve the financial and tax mechanisms for overcoming the socio-economic crisis caused by martial law

Authors

  • Olga Dmytryk Yaroslav Mudryi National Law University; Scientific and Research Institute of Providing Legal Framework for the Innovative Development of the National Academy of Law Sciences of Ukraine; Research Center of Economic and Legal Solutions in the Area of Application of Distributed Ledger Technologies , Ukraine https://orcid.org/0000-0001-5469-3867
  • Olena Sereda Yaroslav Mudryi National Law University, Ukraine https://orcid.org/0000-0002-8252-1963
  • Katerina Tokarieva Vocational College of the Academician Yuriy Bugay International Scientific and Technical University; Scientific and Research Institute of Providing Legal Framework for the Innovative Development of the National Academy of Law Sciences of Ukraine, Ukraine https://orcid.org/0000-0001-7891-226X
  • Mushfik Damirchyiev Yaroslav Mudryi National Law University, Ukraine https://orcid.org/0000-0002-9734-7988
  • Iliana Zinovatna Yaroslav Mudryi National Law University, Ukraine https://orcid.org/0000-0002-3018-4934

DOI:

https://doi.org/10.15587/1729-4061.2022.268376

Keywords:

financial and tax mechanism, socio-economic crisis, digital transformation, financial and legal regulation, social policy

Abstract

The object of this study is the process of improving financial and tax mechanisms to overcome the socio-economic crisis caused by martial law in Ukraine in the context of digital transformation. During the study, the problem of non-compliance of the existing financial and tax mechanisms with the requirements of digital transformation and the peculiarities of the functioning of the financial sphere under martial law was solved. The key elements of financial and tax mechanisms that should be primarily revised in order to overcome the socio-economic crisis have been clarified. The shortcomings of the functioning of financial and tax mechanisms for overcoming the socio-economic crisis are highlighted. The results of a survey of experts on the proposed factors influencing the effectiveness of such mechanisms were analyzed using the Kendall's concordance coefficient. The most significant factors that formed the basis for the developed directions for improving the financial and tax mechanisms for overcoming the socio-economic crisis have been established. The peculiarities and distinctive features of the results obtained are unanimous consideration of the requirements of digital transformation and the peculiarities of the functioning of the financial sphere under martial law. The financial and tax mechanisms improved on the basis of digital technology are based on the declared principles of G20 digital financial inclusion. The most significant factors of influence were the infrastructure of financial and tax mechanisms; legal and regulatory framework for digitalization; combating digital fraud; adaptation of foreign experience in the use of digital technologies to the national environment. The results can be used in the practical activities of the financial authorities of Ukraine in order to overcome the socio-economic crisis under martial law

Author Biographies

Olga Dmytryk, Yaroslav Mudryi National Law University; Scientific and Research Institute of Providing Legal Framework for the Innovative Development of the National Academy of Law Sciences of Ukraine; Research Center of Economic and Legal Solutions in the Area of Application of Distributed Ledger Technologies

Doctor of Law, Professor, Head of Department

Department of Financial Law

Head of Scientific Department

Scientific Department of General Problems of Formation and Implementation Innovative Policy

Olena Sereda, Yaroslav Mudryi National Law University

Doctor of Law, Professor, Head of  Department

Department of Labour Law

Katerina Tokarieva, Vocational College of the Academician Yuriy Bugay International Scientific and Technical University; Scientific and Research Institute of Providing Legal Framework for the Innovative Development of the National Academy of Law Sciences of Ukraine

PhD, Head of the Cycle Commission of Law and Social and Humanitarian Disciplines

Senior Researcher

Mushfik Damirchyiev, Yaroslav Mudryi National Law University

Doctor of Law, Associate Professor

Department of Financial Law

Iliana Zinovatna, Yaroslav Mudryi National Law University

PhD, Associate Professor, Senior Lecturer, Senior Lecturer

Department of Labour Law

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Devising ways to improve the financial and tax mechanisms for overcoming the socio-economic crisis caused by martial law

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Published

2022-12-30

How to Cite

Dmytryk, O., Sereda, O., Tokarieva, K., Damirchyiev, M., & Zinovatna, I. (2022). Devising ways to improve the financial and tax mechanisms for overcoming the socio-economic crisis caused by martial law . Eastern-European Journal of Enterprise Technologies, 6(13 (120), 20–28. https://doi.org/10.15587/1729-4061.2022.268376

Issue

Vol. 6 No. 13 (120) (2022): Transfer of technologies: industry, energy, nanotechnology

Section

Transfer of technologies: industry, energy, nanotechnology

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Copyright (c) 2022 Olga Dmytryk, Olena Sereda, Katerina Tokarieva, Mushfik Damirchyiev, Iliana Zinovatna

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