FEATURES OF ORGANIZING TAX PLANNING IN FOREIGN COUNTRIES

Abstract

The article examines the peculiarities of tax planning organization in foreign countries, focusing on the mechanisms used to optimize corporate tax obligations and the regulatory frameworks that shape tax strategies. The research provides an in-depth analysis of tax planning approaches in the European Union, the United States, and selected Asian economies, comparing their effectiveness in ensuring financial stability and fostering economic growth. A significant aspect of the study is the evaluation of international agreements aimed at preventing double taxation, which play a crucial role in shaping cross-border tax policies. The research highlights the importance of tax incentives, offshore jurisdictions, and tax minimization schemes, investigating how different countries balance tax optimization with legal compliance. While some jurisdictions embrace liberal tax policies that encourage investment and economic activity, others implement stricter regulatory measures to combat aggressive tax avoidance practices. The paper also explores the implications of corporate tax planning on national economies, particularly in the context of tax competition. Many countries seek to attract foreign investment by offering favorable tax regimes, yet this approach can lead to a “race to the bottom,” where tax revenues decline, affecting public services and economic sustainability. The study emphasizes the need for harmonized tax regulations and coordinated efforts to counteract harmful tax practices on an international scale. Furthermore, the article considers the applicability of foreign tax planning models in Ukraine, assessing the potential for adaptation of best international practices to improve the national tax system. Key factors such as legal transparency, economic stability, and investment attractiveness are evaluated in the context of their impact on effective tax planning. The research concludes that while tax planning is essential for corporate financial management, it must be approached with caution to ensure compliance with both national and international tax regulations.