IMPLEMENTATION OF INTERNATIONAL FINANCIAL POLICY PRINCIPLES IN THE TRANSFORMATION OF UKRAINIAN TAX LEGISLATION

The article analyzes the peculiarities of implementation of international principles of financial policy in the context of transformation of Ukrainian tax legislation. Some priorities of financial policy of some countries of the world in the context of modernization of tax policy have been defined. The basic principles of financial policy in the context of implementation of foreign experience are support of business activity, all-round assistance of production development, provision of employment of the population, mobilization of appropriate volumes of financial resources and their use for providing social guarantees, introduction of financial mechanism, which would provide rational use of natural resources. The main determinant of the formation of modern tax policy is the process of economic diversification, attraction of unconsidered sources of taxation, provision of proper level of tax administration, reduction of tax burden for business in order to increase the level of economic development, etc. The main innovations and prospects of the tax legislation of Ukraine for 2023 are analyzed. It is justified that international cooperation in the tax sphere, in particular access to the information platform IBFD (International Bureau of Fiscal Documentation), and participation of Ukraine in the EU Fiscalis program, is a positive step in the preparation of changes to the tax legislation of Ukraine in the context of implementation of international financial policy principles to ensure its harmonization with EU recommendations/standards. In the context of transformational changes, it is important to develop financial policy measures with appropriate level of adaptability and taking into account the tasks that need to be solved at a certain stage of development (increase of tax system efficiency, creation of appropriate conditions for economic development, improvement of business climate, increase of investment attractiveness, etc.). Ukraine’s financial policy should be directed to macroeconomic development, development of financial inclusion and ensuring financial stability, development of financial market, digital transformation and innovation development taking into account modern requirements in the context of European integration and world processes.