PROFIT TAX IN STRENGTHENING THE MARKET BASIS OF FUNCTIONING OF ECONOMIC ENTITIES
The paper examines the current issues in the sphere of profit tax legislation. The analysis of the incompatibility of business accounting and tax accounting shows that it results in additional time and material expenditures, and in the lack of correspondence between the sums of accounting profit and taxable profit. The authors substantiate the need for similar rules of forming information for profit tax assessment of businesses.