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Kudyrko L., Antikhovych V. Fiscal «wars» in the conditions of the global digital economy formation. Zovnishnja torgivlja: ekonomika, finansy, pravo. 2021. № 3. S. 36-51. Serija. Ekonomichni nauky.

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UDC 339.972:330.46	DOI: https://doi.org/10.31617/zt.knute.2021(116)04
JEL Classification: F13, F23, F51, F51
KUDYRKO Liudmyla     E-mail: l.kudyrko@knute.edu.ua   ORCID:0000-0002-9089-7223	Candidate of Economic Sciences, Professor, Professor at the Department of World Economy, Kyiv National University of Trade and Economics 19, Kyotostr., Kyiv, 02156, Ukraine
ANTIKHOVYCH Volodymyr   E-mail: v.antikhovych.fmtp.051.1m.20.m.z@knute.edu.ua   ORCID:0000-0002-2809-4702	specialist in jurisprudence, Kyiv National University of Trade and Economics 19, Kyoto str., Kyiv, 02156, Ukraine

Background. Along with increasing share of ICT services in global production and trade, additional possibilities have been provided for MNCs to minimize taxes through transfer pricing mechanisms and controlled international transactions for intangible assets. These processes lead to leaching of financial and investment resources from countries in conditions of extremely high demand for their accumulation. The latest regulatory practices of state governments demonstrate the renaissance of economic nationalism in the form of intensified interstate fiscal competition.
The aim of this article is to assess the impact of digitalization of the world economy onto the possibilities of fiscal optimization of the MNC and analysis of the latest regulatory practices of state governments through direction of interstate fiscal competition and fiscal «wars».
Materials and methods. The information base of the study was scientific foreign and domestic scholars’ publications; data from analytical companies and statistical services; international organizations. The approaches of normative and positive economics, elements of institutional analysis and Case method were used.
Results. The article identifies the impact of digitalization of global trade and production on the processes of optimizing fiscal payments by international companies. Systematization and estimation of certain international regulatory practices on digital trade taxation have been carried out and their content has been identified as new fiscal «wars».
Conclusion. Recent fiscal «wars»as a factor influencing the world economy should be recognized as a negative phenomenon based on multifactorial differences between countries caused by economic, political, organizational and diplomatic obstacles.Despite targeted steps, there are currently no preconditions for the accession of all participants in transnational trade, including digital, as a general regulatory act to establish uniform rules for its taxation.

Keywords: digital economy, information and communication techno­logies (ICT), fiscal optimization, fiscal «wars», multinational companies (MNC), regulatory policy, COVID-19.

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