TAX LITERACY AND TAX CULTURE AS AN INSTITUTIONAL BASIS OF SOCIAL RESPONSIBILITY OF BUSINESS

Abstract

The purpose of writing the article is the theoretical substantiation of the essence of tax literacy and tax culture as institutional factors in the formation of social responsibility of business, as well as well as to determine their role in ensuring tax discipline and the effective functioning of the tax system. The article examines the theoretical and organizational foundations of the formation of tax literacy and tax culture as the institutional basis of social responsibility of business in the conditions of the modern economic environment. The relevance of the issue is substantiated in view of the growing complexity of tax legislation, the dynamism of regulatory and legal changes, and the need to ensure the appropriate level of tax discipline of business entities. It was determined that the insufficient level of tax literacy leads to the occurrence of errors in tax calculations, the growth of tax offenses and the formation of a negative attitude towards the fulfillment of tax  obligations, while a low level of tax culture contributes to the spread of shadow economic processes and a decrease in trust in state institutions. Scientific approaches to the interpretation of the essence of tax literacy are analyzed, as well as the meaning of tax culture as a socio-economic category, which reflects the level of tax consciousness, legal awareness and responsibility of taxpayers, are revealed. It is proven that tax literacy is a component of tax culture and serves as a tool for forming responsible tax behavior. It is substantiated that tax culture is the fundamental basis of social responsibility of business, as it ensures voluntary, timely and full fulfillment of tax obligations. The key manifestations of socially responsible behavior of business entities in the tax sphere are identified and the need for consolidated interaction of the state, business and employees in the process of raising the level of tax literacy and culture is emphasized. A set of organizational measures is proposed, the practical implementation of which will contribute to the development of tax culture and strengthening of social responsibility of business.