| Economics | Socium | Environment |
|---|---|---|
Environmental Economics and Sustainable Development, 2021, 9 (28): 88-94
UDC 330.526
JEL CLASSIFICATION: Q34
DOI: 10.37100/2616-7689.2021.9(28).12
Oleksandr Chumachenko
Candidate of Economic Sciences,
National University of life and environmental sciences of Ukraine
ORCID: http://orcid.org/0000-0002-1560-5518
FEATURES OF REDISTRIBUTION OF RENTAL PAYMENTS THROUGH LAND TAXATION AND REAL ESTATE
Abstract: The article provides a comparative analysis of the structure of taxes and fees on the use of real estate in European countries. An analysis of the redistribution of fiscal payments of EU member states and some post-Soviet countries. The fiscal system is an important tool for the state redistribution of natural resource rent payments. As you know, the tax system is one of the main levers for creating favorable conditions for socio-economic development of the state and the greening of the environment. Research related to the study of the rental phenomenon has a long history. The concept of rent began to take shape long before the active discussion in economics. The article reveals the essence of the concept of rent and investigates the mechanisms of redistribution of rent payments from the use of natural resources. As you know, the taxation system, along with the legal and judicial systems, is one of the main levers for creating favorable conditions for socio-economic development of the state and the greening of the environment. The structure of real estate includes land resources (land plots), which form the basis of further economic activity. Owners or users of natural resources in the course of economic activity receive rent or income from the use of real estate. Rent payments from the use of natural resources (nature use) affect the filling of the budgets of many countries through the system of taxation of individuals and legal entities. In this way, local budgets, the state treasury, stabilization funds and funding for environmental protection and natural resources formed. Analyzing the state and intensity of nature management was found that the economic efficiency of use and redistribution of natural resource payments of European countries is significantly heterogeneous. In European countries, with a high level of development, the share of rent payments from the use of natural resources is insignificant, without the disadvantages of resource-oriented economies. The structure of budget revenues from the use of real estate, including land tax analyzed. The redistribution of fiscal payments for land in European countries on payments from sale (gift, inheritance), from use (actually land tax), from registration (registration fee) and other payments provided by the legislation of the country.
Key words: tax, nature management, land, resource-oriented economy, real estate, rent.
Language version: Ukrainian
References
1. Vorchester, Dyn A. (2000). Peresmotr teoryy renty [Revision of the theory of rent]. M.: Vekhy ekonomycheskoi mysly [in Russian].
2. Danylyshyn, B.M., Khvesyk, M.A., & Holian, V.A. (2009). Ekonomika pryrodokorystuvannia: pidruchnyk. [Economics of nature conservation]. K.: Kondor [in Ukrainian].
3. Sunduk, A. (2018). Pokaznyk pryrodnoi renty do vvp yak marker rivnia rozvytku derzhavy. [Indicator of natural rent before GDP yak marker of state development]. DU «Instytut ekonomiky pryrodokorystuvannia ta staloho rozvytku Natsionalnoi akademii nauk Ukrainy». Retrieved from http://ecos.kiev.ua/news/view/ 661 [in Ukrainian].
4. Tsyvilnyi kodeks Ukrainy ot 16.01.2003. № 435-IV [The Civil Code of Ukraine]. (2003, 16 January). Retrieved from http://zakon2.rada. gov.ua/laws/show/435-15/conv/page [in Ukrainian].
5. Podatkovyi kodeks Ukrainy ot 02.12.2010. №2755-VІ [Tax Code of Ukraine]. (2010, 02 December). Retrieved from https://zakon.rada. gov.ua/laws/show/2755-17 [in Ukrainian].
6. Zemelnyi kodeks Ukrainy ot 25.10.2001. № 2768-III [Land Code of Ukraine]. (2001, 25 October). Retrieved from https://zakon.rada. gov.ua/laws/show/2768-14 [in Ukrainian].
7. Zakon Ukrayiny ot 06.10.1998. № 161 XIV «Pro orendu zemli» [Law of Ukraine of October 6, 1998 № 161-XIV «On land lease»]. (1998, 06 October). Retrieved from https://zakon.rada.gov.ua/laws/show/161-14 [in Ukrainian].
8. Vodnyi kodeks Ukrainy ot 06.06.1995. 213/95-ВР. [Water Code of Ukraine]. (1995, 06 June). Retrieved from http://zakon.rada. gov.ua/laws/show/213/95 [in Ukrainian].
9. Lisovyi kodeks Ukrainy ot 21.01.1994. № 3852-XII. [Forest Code of Ukraine] (1994, 21 January). Retrieved from https://zakon.rada.gov. ua/laws/show [in Ukrainian].
10. Zakon Ukrayiny ot 24.12.2015. № 909-VIII «Pro vnesennya zmin do Podatkovoho kodeksu Ukrayiny ta deyakykh zakonodavchykh aktiv Ukrayiny shchodo zabezpechennya zbalansovanosti byudzhetnykh nadkhodzhen u 2016 rotsi» [Law of Ukraine of January 24, 2015 № 909-VIII «On the introduction of amendments to the Tax Code of Ukraine and the acts of legislative acts of Ukraine as well as securing the balance of budgetary provisions in 2016»]. (2015, 24 January). Retrieved from https://zakon.rada.gov.ua/laws/show/161-14. [in Ukrainian].
11. Zakon Ukrayiny ot 01.06.2000. № 1770-III «Pro radiochastotnyy resurs» [Law of Ukraine of June 1, 2000 № 1770-III «On radio frequency resource of Ukraine»]. (2000, 01 June). Retrieved from https://zakon.rada.gov.ua/laws/show/1770-14 [in Ukrainian].
12. Sachs, J.D., Warner, A.M. (1995). Natural resource abundance and economic growth. NBER Working Paper, 54 [in English].
13. Elke Asen. (2019). Real Property Taxes in Europe. Retrieved from https://taxfoundation.org/real-property-taxes-europe [in English].
14. Revenue Statistics. (2020). Retrieved from https://www.oecd-ilibrary.org/taxation/revenue-statistics-2020_9a6d98b3-en [in English].
15. The World Bank. (2018). Retrieved from https://data.worldbank.org/indicator/NY.GDP.TOTL.RT.ZS.most_recent_value [in English].
Article publication date: 2021
Date of online version: 2021
UDC 330.526
JEL CLASSIFICATION: Q34
DOI: 10.37100/2616-7689.2021.9(28).12
Oleksandr Chumachenko
Candidate of Economic Sciences,
National University of life and environmental sciences of Ukraine
ORCID: http://orcid.org/0000-0002-1560-5518
FEATURES OF REDISTRIBUTION OF RENTAL PAYMENTS THROUGH LAND TAXATION AND REAL ESTATE
Abstract: The article provides a comparative analysis of the structure of taxes and fees on the use of real estate in European countries. An analysis of the redistribution of fiscal payments of EU member states and some post-Soviet countries. The fiscal system is an important tool for the state redistribution of natural resource rent payments. As you know, the tax system is one of the main levers for creating favorable conditions for socio-economic development of the state and the greening of the environment. Research related to the study of the rental phenomenon has a long history. The concept of rent began to take shape long before the active discussion in economics. The article reveals the essence of the concept of rent and investigates the mechanisms of redistribution of rent payments from the use of natural resources. As you know, the taxation system, along with the legal and judicial systems, is one of the main levers for creating favorable conditions for socio-economic development of the state and the greening of the environment. The structure of real estate includes land resources (land plots), which form the basis of further economic activity. Owners or users of natural resources in the course of economic activity receive rent or income from the use of real estate. Rent payments from the use of natural resources (nature use) affect the filling of the budgets of many countries through the system of taxation of individuals and legal entities. In this way, local budgets, the state treasury, stabilization funds and funding for environmental protection and natural resources formed. Analyzing the state and intensity of nature management was found that the economic efficiency of use and redistribution of natural resource payments of European countries is significantly heterogeneous. In European countries, with a high level of development, the share of rent payments from the use of natural resources is insignificant, without the disadvantages of resource-oriented economies. The structure of budget revenues from the use of real estate, including land tax analyzed. The redistribution of fiscal payments for land in European countries on payments from sale (gift, inheritance), from use (actually land tax), from registration (registration fee) and other payments provided by the legislation of the country.
Key words: tax, nature management, land, resource-oriented economy, real estate, rent.
Language version: Ukrainian
References
1. Vorchester, Dyn A. (2000). Peresmotr teoryy renty [Revision of the theory of rent]. M.: Vekhy ekonomycheskoi mysly [in Russian].
2. Danylyshyn, B.M., Khvesyk, M.A., & Holian, V.A. (2009). Ekonomika pryrodokorystuvannia: pidruchnyk. [Economics of nature conservation]. K.: Kondor [in Ukrainian].
3. Sunduk, A. (2018). Pokaznyk pryrodnoi renty do vvp yak marker rivnia rozvytku derzhavy. [Indicator of natural rent before GDP yak marker of state development]. DU «Instytut ekonomiky pryrodokorystuvannia ta staloho rozvytku Natsionalnoi akademii nauk Ukrainy». Retrieved from http://ecos.kiev.ua/news/view/ 661 [in Ukrainian].
4. Tsyvilnyi kodeks Ukrainy ot 16.01.2003. № 435-IV [The Civil Code of Ukraine]. (2003, 16 January). Retrieved from http://zakon2.rada. gov.ua/laws/show/435-15/conv/page [in Ukrainian].
5. Podatkovyi kodeks Ukrainy ot 02.12.2010. №2755-VІ [Tax Code of Ukraine]. (2010, 02 December). Retrieved from https://zakon.rada. gov.ua/laws/show/2755-17 [in Ukrainian].
6. Zemelnyi kodeks Ukrainy ot 25.10.2001. № 2768-III [Land Code of Ukraine]. (2001, 25 October). Retrieved from https://zakon.rada. gov.ua/laws/show/2768-14 [in Ukrainian].
7. Zakon Ukrayiny ot 06.10.1998. № 161 XIV «Pro orendu zemli» [Law of Ukraine of October 6, 1998 № 161-XIV «On land lease»]. (1998, 06 October). Retrieved from https://zakon.rada.gov.ua/laws/show/161-14 [in Ukrainian].
8. Vodnyi kodeks Ukrainy ot 06.06.1995. 213/95-ВР. [Water Code of Ukraine]. (1995, 06 June). Retrieved from http://zakon.rada. gov.ua/laws/show/213/95 [in Ukrainian].
9. Lisovyi kodeks Ukrainy ot 21.01.1994. № 3852-XII. [Forest Code of Ukraine] (1994, 21 January). Retrieved from https://zakon.rada.gov. ua/laws/show [in Ukrainian].
10. Zakon Ukrayiny ot 24.12.2015. № 909-VIII «Pro vnesennya zmin do Podatkovoho kodeksu Ukrayiny ta deyakykh zakonodavchykh aktiv Ukrayiny shchodo zabezpechennya zbalansovanosti byudzhetnykh nadkhodzhen u 2016 rotsi» [Law of Ukraine of January 24, 2015 № 909-VIII «On the introduction of amendments to the Tax Code of Ukraine and the acts of legislative acts of Ukraine as well as securing the balance of budgetary provisions in 2016»]. (2015, 24 January). Retrieved from https://zakon.rada.gov.ua/laws/show/161-14. [in Ukrainian].
11. Zakon Ukrayiny ot 01.06.2000. № 1770-III «Pro radiochastotnyy resurs» [Law of Ukraine of June 1, 2000 № 1770-III «On radio frequency resource of Ukraine»]. (2000, 01 June). Retrieved from https://zakon.rada.gov.ua/laws/show/1770-14 [in Ukrainian].
12. Sachs, J.D., Warner, A.M. (1995). Natural resource abundance and economic growth. NBER Working Paper, 54 [in English].
13. Elke Asen. (2019). Real Property Taxes in Europe. Retrieved from https://taxfoundation.org/real-property-taxes-europe [in English].
14. Revenue Statistics. (2020). Retrieved from https://www.oecd-ilibrary.org/taxation/revenue-statistics-2020_9a6d98b3-en [in English].
15. The World Bank. (2018). Retrieved from https://data.worldbank.org/indicator/NY.GDP.TOTL.RT.ZS.most_recent_value [in English].
Article publication date: 2021
Date of online version: 2021