Analysis of Fiscal Policy Systems in Ukraine and China

The objective of the study is to analyze the tax systems of Ukraine and China and, based on the results of the assessment of their efficiency, to propose a model for the improvement of the tax system of Ukraine. To achieve this goal, the following methods were used: multivariate correlation and regression analysis; system analysis; integral evaluation; and expert analysis. The survey revealed the factors influencing the tax systems of Ukraine and China, as assessed by tax experts. Based on the results of the study, conclusions were formulated on the prospects for the development of the tax system, based on the trend of development of trade and economic relations between Ukraine and China. The expediency of improving and partially reforming the tax system, which will take into account the prospects for the development of economic relations between Ukraine and China, is substantiated. A model of expert assessment of factors influencing the tax system of Ukraine and China is proposed. The presented results can be used in the process of reforming the tax system of Ukraine in the post-war period. Building bilateral economic relations with China, which is one of the world’s largest economies, requires a sensible approach to fiscal policy.