The aim of the publication Shadow Economy: Understanding Drivers, Reducing Incentives is to present and analyse the results of representative population surveys into public perceptions of the shadow economy and engagement in illicit activities that were conducted in six countries.
Transition of a country from the category of developing countries to developed one is a process that takes years. The change of category is a byproduct of institutional changes and accompanying increase in the level of living. Poland has been implementing reforms moving us toward market economy and democratic society since 1989. As a result we were able to close significant part of the gap in standard of living between Poland and Western countries. It…
We have the pleasure to present you the ninth issue of 4liberty.eu Review, titled “(De)Centralization under Examination”. It focuses on the notions of centralization and decentralization, and discusses the topic from various perspectives, including: fiscal, of governance, of local government
The Slovak government’s intention is to lower the market power of large international retail chains. Unfortunately, the alleged problems are mostly made-up. Instead, the “retail chain tax” may end up raising the food prices and wrecking havoc in Slovak retail.
The history of ship navigation on the shores of England shows us that when explaining events we need to take a look not only on the market failures, but also on the state failures. These played a bigger role than the textbooks’ authors might expect.
In August, the Bulgarian government adopted a detailed action plan for joining ERM II and the Banking Union and there were some changes1 to the Bulgarian National Bank Act that also seem to lead in this general direction.
The competitiveness of a country’s tax system is instrumental in creating a favorable environment for foreign direct investment, stimulating business, and advancing societal well-being. Competition based on endogenous factors should not be perceived as unjust or unnatural.
Past week, the Economic Freedom of the World: 2018 Annual Report was released. The report is based on data from 2016 and measures the economic freedom by analyzing the policies and institutions of 162 countries and territories.
If Ukraine loses the chance to receive assistance from the IMF and other international donors in 2018, the government will be hard-pressed to execute planned fiscal expenditures in 2018. The fiscal indicators will be also revised for 2019 to lower real GDP growth and higher inflation.