Pavlova A. The unshadowing of financial leasing as a direction of economic security of Ukraine

The theoretical and practical aspects of using leasing operations in shady schemes as a threat to the economic security of Ukraine have been investigated in the thesis. The economic and organizational prerequisites for the use of financial leasing in shady schemes and macroeconomic consequences of financial leasing in shady schemes are considered. The author proposed the method of evaluation volume of leasing operations in shady schemes, based on comparison of indicators of mastered capital investments through financial leasing and financial leasing volume, adjusted for the amount of interest on leasing agreements. The dynamics of financial leasing used in shady schemes has been analyzed. The impact of the use of leasing in shady schemes in the economic security of Ukraine has been researched. The paper also analyzed the current state and trends of the leasing business in Ukraine, positive and negative impacts on its operation. The ways of improving financial factors to overcome the use of leasing in shadow has been determined and their priority in the context of strengthening the economic security of Ukraine are proved. A methodology for calculating the volume of leasing operations used in shadow schemes based on the equality of two indicators is developed: this is the volume of capital investments received as a result of financial leasing transactions and the volume of financial leasing. These figures are identical in terms of economic content, since they reflect the value of property acquired through financial leasing. However, the indicator of financial leasing differs from the indicator of the volume of capital investment received as a result of financial leasing transactions to the amount of interest on a lease agreement, which reflects the commission of the lessor. The calculation and analysis of the dynamics of the breakdown of the value of financial leasing contracts and the actual capital investments under financial leasing has been carried out, which shows that the results of control of transfer pricing, which were achieved by the State fiscal service of Ukraine, due to the introduction of the principle of "extended hand", as well as the number other tax and organizational measures have become a sufficiently effective mechanism for the reduction of financial leasing in Ukraine. The analysis of the influence of the use of leasing operations in shadow schemes on the economic security of Ukraine is carried out. It was discovered that the prevention of leakage of added value, formed in the country in other jurisdictions, is undeniable economic benefit, and the shadowing of economic activity ensures stable socio-economic development of the country and promotes the competitiveness of the national economy.