Fiscal Integration: New Trends in Modern Realities

Abstract

The subject of the study is fiscal integration as a mechanism for ensuring the formation of a single economic space of integrating states through budgetary and tax instruments. The purpose of the work is to identify trends in accelerating the pace of fiscal integration in economic unions. The research methodology is based on modern theoretical approaches to the application of fiscal federalism in the integration environment, as well as on a comparative analysis of international law in the field of fiscal integration, budget and tax statistics of the EU and the EAEU. The article examines the phenomenon of fiscal integration as a direction of ensuring the sustainability of national economies when combining financial resources. fiscal integration within the framework of the functioning of various forms of integration entities. The main postulate of the EAEU tax policy has been defined — compliance with the principle of non-discrimination in mutual trade, which provides business entities and citizens with equal conditions in taxation on the territory of another state. It is established that the synergistic effect of the common market is enhanced by the consolidation of financial flows used to prevent external and internal economic and social threats, which leads to the active application of fiscal regulation mechanisms in economic unions. The essence of financial integration is considered. The trends of convergence of budgetary and tax mechanisms, fiscal regulation of income and expenditure for the development of the EU are revealed. Conclusions are drawn about accelerating the processes of fiscal integration in order to ensure the stability and stability of the common market of states that unite into economic unions using fiscal methods