THE IMPROVEMENT OF THE TECHNIQUE OF TAX RISKS ANALYSIS AND ASSESSMENT IN COMMERCIAL ORGANIZATIONS

Within this study, the authors proposed to pay special attention to the strategic tax analysis in terms of assessing tax risks, which allows obtaining the information about both the current and future state of the tax system of a business entity. The authors offer the technique of tax risk analysis and assessment as one of the directions of strategic tax analysis allowing solving the issue of preparing the advanced information support required to make management decisions concerning tax planning and forecasting. The proposed technique aims at the development of tax analysis tools in terms of identifying, ranking, and mathematical determination of tax risk general level taking into account the retrospective, current, and future risk nature necessary to form an economic decision about risk acceptance or its minimization. The technique is based on the application of mathematical tools, particularly, the use of tax risk level extrapolation with the application of linear regression, where the independent indicator is the planned sum of tax liabilities of a company. This allows getting an idea of the planned level of tax risk expanding the information possibilities of tax analysis. The study made it possible to conclude that when assessing tax risks, it is necessary to take into account both the accomplished facts of business life causing tax liabilities and those facts that have not occurred yet but can come true in the future and affect the changes in tax liabilities.

tax analysis, tax liabilities, tax risks