Adaptation the foreign experience of corporate income taxation to domestic practice
The article deals with the income tax in Ukraine as fiscal and regulatory tools of the tax system. Insufficient effectiveness of fiscal income tax has been proved. The insufficient of regulatory capacity of the profit tax has been revealed. The experience of foreign countries in the field of corporate income taxation and the possibility of its implementation in the domestic tax practice were considered. The basic rate of income tax were considered. Determined, that regulating potential income tax shown in optimizing tax rates, benefits, through the mechanism of tax credit. Based on foreign experience suggested ways reforming the national tax system by establishing diversified income tax rates, reduced rates for small businesses, the introduction of a fixed minimum tax, the establishment of tax benefits and wide application of the method of accelerated depreciation and investment tax credit.