Text 3 state tax system in Ukraine

Exercise 2.6 Complete the sentences with the missing words.

Exercise 2.5 What are the standard names for the tax or taxes paid on the following?

Exercise 2.4 Are the following statements true or false? Correct the false ones.

1. Capital gains are generally taxed at a higher rate than income.

b) True; b) False

2. The same sum of money can be taxed more than once.

b) True; b) False

3. Sales taxes can be both proportional and progressive at the same time.

b) True; b) False

4. Excise duties are extra sales taxes on selected products.

b) True; b) False

5. Many international companies have their registered headquarters in small countries where they do only a small proportion of their business.

b) True; b) False

6. Employees will generally pay less tax if their employer reduces their salary a little and provides them with a car.

a) True; b)False

7. Tax avoidance is illegal.

b) True; b) False

8. Perks and loopholes are forms of tax evasion.

b) True; b) False

1. alcoholic drinks and tobacco products

a) capital transfer tax;

b) excise taxes;

c) income tax

2. company profits

a)corporation tax;

d) tariffs;

e) value-added tax;

3. goods bought in stores

a) estate tax;

b) VAT;

c) national insurance;

4. money received from relatives after death

a) excise duty;

b) GST;

c) estate tax;

5. salaries and wages

a) capital gains tax;

b) sales taxes;

c) income tax;

6. goods made in other countries

a) tariffs;

b) GST;

c) excise duties;

7. money made by selling stocks at a profit

a) capital gains tax;

b) sales tax;

c) inheritance tax;

1. Governments finance most of their expenditure by ______.

2. ______ are collected by the government from the income of individuals and businesses.

3. ______ are levied on the production or sale of goods and services. They are included in the price paid by the final purchaser.

4. Using legal methods to minimize your tax burden is called ______.

5. Using illegal methods – such as not declaring your income, or reporting it inaccurately – is called ______.

Exercise 3.1 Study the vocabulary:

1) to reflect conditions	1) відобразити умови
2) internal (home) policy	2) внутрішня політика
3) geographical location	3) географічне розташування
4) climate condition	4) кліматичні умови
5) multilevel organization	5) багаторівнева організація
6) within the state	6) у межах держави
7) keep with tax legislation	7) дотримуватися податкового законодавства
8) non-taxable profits	8) неоподатковані прибутки
9) to prevent crime	9) запобігати злочину
10) to prevent law breaches	10) запобігати порушення закону

Exercise 3.2 Read and translate the text:

Tax system of each country reflects its specific conditions such as level of economic development, internal and foreign policy of a state, level of social development, people traditions, and geographical location of a state, climatic conditions and other factors. So, different countries differ in their forms of taxation. Tax collection in Ukraine is carried out through the system of state bodies based on multilevel hierarchical organization with single principles and fulfils functions legislatively determined.

The system of tax service bodies contains:

• State tax service of Ukraine;

• State tax services in the Autonomous Republic of Crimea, in regions, in Kiev and Sevastopol;

• State tax inspections in districts, cities (except for Kiev and Sevastopol);

• State tax inspections in districts of cities. There are special divisions on combating breaches in taxation within the state tax service bodies. Main tasks of the tax service bodies are as follows:

• To carry out a control over keeping with tax legislation, correctness of calculations, complete and timely taxes and duties payments (obligatory payments) to budgets, state specialized funds and non-taxable profits established by the legislation (hereinafter - taxes, other payments);

• To draw up the proposals as for legislation improving according to established procedure;

• To adopt legal acts and methodical recommendations on taxation in cases stipulated by the law;

• To formulate and keep the State register of individuals -taxpayers, other obligatory payments and the Single data base of taxpayers - legal entities;

• To explain the legislation on taxation among taxpayers;

• To prevent crimes and law breaches come under the Tax Militia jurisdiction, their detecting, halting, investigating and conducting of cases on administrative breaches.

Exercise 3.3 Match the Ukrainian equivalents with their English ones:

1. Tax service bodies	a) обов’язкові платежі
2. To fulfill functions legislatively determined	b) повні та вчасні податки
3. Internal and foreign policy	c) відрізнятись за формою
4. To differ in their form	d) рівень економічного розвитку
5. The level of economic development	e) здійснювати контроль
6. To carry out a control	f) приймати юридичні акти
7. To adopt legal acts	g) правильність розрахунків
8. In cases stipulated by the law	h) законодавство з оподаткування
9. Complete and timely taxes	i) внутрішня та зовнішня політика
10. Correctness of calculations	j) органи податкової служби
11. Obligatory payments	k) виконувати функції, визначені законом
12. The legislation of taxation	l) у випадках, обумовлених законом

Дата добавления: 2015-01-03