Kaniuk V. Optimization of tax risks of business entities

The Object – risks, associated with the taxation process of business entities. The objective is to systemize and extend the theoretical foundations of tax risks of business entities and to develop methodological tools on this basis to assess and optimize such risks in Ukraine. Methods – general and empirical: analysis, synthesis, induction, deduction, analogy, concretization, abstraction, grouping, generalization, dialectical, systemic, historical, sociological, graphical and tabular interpretation. The results of the study are to deepen scientific and theoretical provisions and to develop practical recommendations for assessing and optimizing the tax risks of business entities in Ukraine. The novelty: a methodological approach to assessing the possibility of defacement of financial accounts’ data that reflect the tax base is proposed; a theoretical substantiation of the nature of business entity’ tax risk as a type of financial risk with a subjective and objective nature is improved. The permanent possibility of its approach is the result of exogenous and endogenous factors’ influence, which are related to the taxation process. Identification of tax risks by combining elements of methodologies based on the use of indicators of business entities’ financial and economic activity are improved. Further development acquired: systematization of tax risks of business entities for the purpose of managing them by additional features: types (forms) of consequences’ display; theoretical provisions on the content, structural design and principles of effective application of technological tools to optimize the tax risk level of a business entity as a set of harmoniously combined methods, techniques (levers) and related management measures; scientific and methodological approach to tax risk assessment. Implementation: it is implemented into the activities of the Main Department of the State Fiscal Service in Zakarpatska Oblast, the Joint-Stock Company Distribution System Operator Zakarpatgaz (JSC Zakarpatgaz), the Main Department of the State Tax Service of Ukraine in Ternopil Oblast and the author’s scientific and theoretical elaborations are used in educational process of Ternopil National Economic University. Scope of Application – State Tax Service of Ukraine, Committee of the Verkhovna Rada of Ukraine on Industrial Policy and Entrepreneurship.