Investment is an important indicator of the economic development of a region. The article examines sectoral and spatial features of investment processes in a region (on the example of Zaporizhzhya region). In particular, capital investment of enterprises in Zaporizhzhya region are analyzed by types of assets, sources of financing and types of economic activity, while development (use) of capital investment – by types of industrial activity. The paper establishes that: 1) own funds of enterprises were the main source of capital investment in Zaporizhzhya region during the period under review; 2) the highest share of capital investment in the region is financed by industrial enterprises; 3) the share of investment in professional, scientific and technical activities is reduced. The active development of the region’s industrial infrastructure is becoming a challenge for its environment today. Nevertheless, capital investment for environmental protection were found to have decreased in 2017 compared to 2016. Therefore, the strategic objective of the region today is to make effective use of its existing investment potential, in particular to improve the environment. The main factors influencing the investment processes in Zaporizhzhya region were identified: a) positive factors, in particular: availability of natural resources and own energy resources; higher level of profitability of enterprises in the region than the average in Ukraine; ongoing processes of deregulation, decentralization, reform of the territorial organization of power in Ukraine; b) factors of a negative nature, in particular: territorial (spatial) imbalance of business development and institutional infrastructure of business support; small capital investment for environmental protection; aggravation of the military conflict in Eastern Ukraine, etc. 

investment process, capital investment, investment efficiency, regional economy, spatial development 

The article examines the tendencies of the investment sector of the Central region of Ukraine, which are formed under the influence of implementation of administrative and financial decentralization in Ukraine. The method of estimation of influence of administrative-financial decentralization on investment processes in the region is proposed on the basis of calculation of indicators of the ratio: a) growth rates of capital investments and foreign direct investments against own incomes; b) the rate of growth of expenditures on socio-economic development (in particular, public administration, health care, education, housing and communal services, repair and maintenance of roads, etc.) against own revenues of local budgets. The author’s method is tested on the example of cities of regional importance and districts of the Central region of Ukraine. It was found that: 1) in 2016-2018 the most effective was the policy of capital investment in Cherkasy region, the least effective – in the Kirovograd region; 2) the increase of the financial potential of the cities of regional importance and districts of the studied region did not cause a significant stimulating influence on attracting foreign investments; 3) the reorientation of local authorities’ own resources on capital expenditures on the development of social, transport and communal infrastructure is extremely slow. Systemic and dialectical methods were used in the study; logical generalization, system analysis, comparison and synthesis; strategic analysis, graphic. The works of leading scientists and specialists on a wide range of socio-economic problems, the operational information of the Main Directorates of Statistics in Vinnitsa, Kirovograd, Cherkasy and Poltava regions of Ukraine as well as information on the implementation of relevant local budgets of the Departments of Finance of Vinnitsa, Kirovograd and Cherkasy regional state administrations constitute the information base of the research. 

administrative and financial decentralization, investment efficiency, regional economy, spatial development, cities of regional importance, united territorial communities, Central region of Ukraine 

Socio-economic implications of the voluntary association of territorial communities at the administrative and financial decentralization final stage and the expected reformatting of the administrative and territorial structure of Ukrainian regions create favorable conditions for the growth of cities’ economic power and their role in the development of regions and the country as a whole. It is worth noting that without strong regional centers it is difficult to develop strong regions. The main purpose of the article is to determine the features of the impact of administrative and financial decentralization on changing the cities’ positioning in the Carpathian region’s socio-economic system, as well as to outline the perspective directions of their development in the new administrative-territorial and financial system of Ukrainian regions. In particular, the article outlines the main reasons that cause the low activity of cities in the region during the implementation of administrative and financial decentralization in 2015-2017. The potential threats to the spatial development of the Carpathian region cities as a result of administrative-territorial and budgetary system reformatting are highlighted, as well as possible ways for their effective settlement are defined. The features of the cities’ positioning in the economy of regions and districts as administrative and financial decentralization result in 2015-2017 convincingly testify that the Carpathian region centers and cities of regional significance are those “centers of growth” that most actively influence the process of socio-economic development in their areas, including due to the benefits of fiscal decentralization. In the long run, uniting around the cities of regional significance and effective cooperation of regional centers with neighboring united territorial communities can intensify the process of urban development, open up opportunities for balancing the interests of these cities as growth centers and suburban territorial communities interested in improving the quality of their inhabitants’ life. 

administrative and financial decentralization, united territorial communities, cities of region significance, city positioning, financial capacity 

The purpose of the article is to study the peculiarities of the legislative support for the use of tax and customs instruments for the promotion of spatial forms of business organization (SFBO) in Ukraine. The article provides a comparative analysis of the main tax preferences provided to investors in special economic zones of Ukraine before and after 2005. The main reasons for the abolition of the preferential regime of special economic zones (SEZ) and territory of priority development (TPD) are outlined (opaque decision-making procedure for the creation of these territories and zones and the participation of specific enterprises in them; the desire to use SEZs and TPDs not only as a way of attracting investments but also as a tool for solving social problems of depressed regions; level of state control; low state infrastructure support for tax-exempt territories). The mechanism of providing tax privileges on payment of local taxes and fees for initiators of creation, management of companies and participants of industrial parks is described. The mechanism of exemption from import duties when importing goods by the initiators of creation - by business entities, managing companies and participants of industrial parks is cgaracterized. The study of the institutional framework for the use of tax and customs instruments to promote the development of SFBO in Ukraine has provided the following conclusions: 1) tax incentives provided by the Tax Code of Ukraine, in practice, stimulate the development of a particular industry, without taking into account the innovative component; 2) the existence of the compensatory influence of fiscal instruments on the development of innovation business, which, in our opinion, should be stimulating; 3) the gap between the legally established legislative framework for the development of innovation business and its practical implementation.
In our opinion, the creation of a separate base unit to regulate the activities of the abovementioned entities in the Tax Code is the prospect of improving the current legislation of Ukraine regarding the use of tax and customs instruments to promote the development of SFBO. This will eliminate contradictions in the provisions of the legal acts regulating this aspect of state economy regulation, as well as avoid double taxation and abuses on the part of the controlling bodies. At the same time, in the context of the administrative-territorial reform, it is important to legislatively fix the norms regarding the provision of tax incentives of the SFBO for the placement of high-tech industries in economically backward regions with excessive labor force. 

spatial forms of business organization, taxation of spatial forms of business organization, tax regulation of business 

The article is to study the organizational and institutional support of strategic planning from the perspective of foreign metropolises opportunities for application of best practice in this field in Ukraine. For this the key approaches, methods and tools for strategic planning of metropolises of Italy (including the Great Milan), Great Britain (including Greater London, Greater Manchester, Greater Birmingham), Poland (particularly Great Krakow and Great Warsaw), Germany (particularly Great Stuttgart), France (including Grand Strasbourg), Ireland (particularly Greater Dublin) and Sweden (including Great Malmo) are analysed. The study found that the formation of metropolitan areas in the European Union was the key to the dynamic development of the macro-region, the powerful integration mechanism and an important factor in geopolitical influence. However, the formation of the metropolitan system within the country that have high functional status and extend their influence beyond the state, allowed to intensify regional development of the national territory. Common features in the strategic planning of foreign metropolises were identified, including: 1) transition to planning, based on the partnership between the city administration and relevant entities of metropolitan area; 2) direct active participation of local communities in the development of strategies of the metropolis; 3) designing approach to the priorities and strategic directions of development; 4) strengthening of foreign economic aspect in a globalized economy; 5) consideration of environmental component; 6) permanent monitoring of the implementation of the strategic plan of the metropolis development; 7) openness of strategic plans for adjustment.Based on the results of the study, recommendations for improving of organizational and institutional support of strategic planning of metropolitan areas in Ukraine, taking into account the progressive international trends in this area, were formulated.The necessity of the implementation of comprehensive integrated strategic planning as a tool for sustainable development of metropolitan area is substantiated. A key aspect of its implementation should be a clear definition of development priorities, taking into account the specificity inherent in a particular city, because in modern conditions of social and economic instability, it will: 1. Enable the development and increase the independence of the metropolis. 2. Help to improve the status of the metropolis, because strategic planning is an important factor of prestige, which improves its reputation, especially internationally. 3. Increase the efficiency of municipal management in traditional local municipalities with limited resources. In the process of theoretical and applied research were used the following methods: systematic and dialectic; logic synthesis, system analysis, comparison and synthesis; strategic analysis. Information base of research is laws and regulations of the studied foreign countries concerning the management of metropolitan development, leading domestic and foreign scientists and practitioners studies and researches on a wide range of managerial problems of urban development. 

metropolis, metropolis development, strategic planning, plan of development, strategy 

The aim of the paper is to study the conceptual foundations of the system of fiscal management in Ukraine. Aim of paper: a) disclose the purpose and features of the state tax management in Ukraine; b) highlight the problematic issues of national government tax management to find prospects improvements. When writing article following methods were used: systematic and dialectical, logical generalization, comparison and synthesis. The information base for the study is national law and regulations of labor, leading domestic and foreign scholars and practitioners from a wide range of socio-economic and financial problems. The paper systematize available in domestic and foreign scientific schools tht definition of “state tax management” and there are three approaches to the interpretation of the essence of this category: organization and management, process and system. The author interpretations of “state tax management,” which refers to the management of tax by means of tax forecasting, planning, management and monitoring for decision-making to influence the socio-economic development of countries and regions. Given the components of the state tax management, namely, tax forecasting, planning, management and control, state tax management subjects are divided into three groups: 1) the authorities empowered to develop and / or adopt regulations in the field of taxation; 2) the bodies of special competence; 3) taxpayers. On the basis of existing theoretical approaches to the principles of tax management and general management the following principles of state tax management are identified: a) system: democracy, the legal ordering, commitment, competence, and publicity; b) organization, clarity, certainty, efficiency, convenience, usability, manageability; c) structural: the relationship with the overall system of economic management and finance; interconsistency and complementarity tax management purposes; prioritize and sequence to achieve the objectives; situational approach; the efficiency of tax management purposes due to their compatibility, concentration, differentiation and combination; territorial and sectoral approach to decision-making in the field of taxation; taking into account the risk factor in decision-making; personal responsibility of the tax staff; motivation of management activities during fiscal management. Examined the conceptual principles formed the basis of the formation mechanism of tax management, which, formed not only on the basis of a coherent system of principles, instruments, legal, informational and analytical and organizational (HR) software, but considers the impact of institutional, legal, political, social and economic factors. 

management, tax administration, tax management, tax policy, management decisions 

The aim of the paper is to study the methodological principles and practical recommendations for evaluating the effectiveness and improvement of tax control areas in Ukraine. We investigate the functioning of national tax control (legal, organizational and economic); analyze the strengths and weaknesses of existing methodologies to assess the efficiency of tax control. With the help of a relative measure methodology, the horizontal comparison of data, statistical and factor analysis we perform multifactoral analysis of the tax authorities of Lviv region from the standpoint of its efficiency, effectiveness and quality. Based on that we deduct main destabilizing factors that influence the development of tax control. These factors primarily include: lack of partnership between regulatory authorities and business entities; lack of tax culture and consciousness of taxpayers; high tax burden, which causes deformation and institutional biases regarding tax culture, discipline, and consciousness of taxpayers. Minimizing of mentioned factors is an acute need in the way of improvement of the efficiency of tax administration in Ukraine and ensuring appropriate conditions for the development of local business. We specify the priority areas of improvement of tax control in the context of improving the efficiency of tax administration in Ukraine, that include: improving legislation regulating of tax control; use of an effective risk-selection system checks to taxpayers; minimization of fiscal burden on business and creation a favorable business environment in order to realize the business potential in Ukraine; training of highly qualified tax inspectors and monitoring their activities. The necessity of mass-outreach among tax authorities and tax payers, as a strategic preventive methods of tax control, should include: prompt advising taxpayers on tax matters; application of individual approaches to the clarification as consultation, seminar, press conferences, briefings for management companies; conduct systematic preventive work among potential taxpayers; design and continuous updating of information stands and specialized web-site with coverage of major trends and results of the test control and analysis of the tax authorities. We specify in the priority areas of coverage bias uncontrolled taxpayers by tax control due to inefficient formation of schedules of tax audits, including: automation of analytical processes and information support risk identification activities to the exclusion of human factors, and consequently, any abuse of the process of planning control and inspection of the tax authorities; provision assigning each and every taxpayer in one of the steps of the risk of economic activities in order to avoid the burden of the tax increase resulting from arbitrary control inspection and as a result, increasing informal (corrupt) component relationships business entities and tax authorities, increasing transaction costs in the economy general; harmonization of regulations frequency of planned measures of state control in various legal documents; transparency and openness of procedures assigning of business risk level; opportunity to appeal the decision of the tax authority. 

tax administration, control, tax control system, evaluation of the efficiency of tax control, tax control bodies, monitoring of control and verifying work