The wording of the drafted law does not provide sufficient guarantees for the exclusive application of the reduced rate for the declared taxable product supplies only. The proposal was made without an in-depth analysis by the National Revenue Agency.
In terms of its expenditure and revenue, the draft EU budget continues to diverge significantly from what would appropriately address current challenges facing the EU27 and contribute to its economic dynamism, welfare and security.
The story of Georgia should be an example to all developing nations that any country with the will to do so can take charge of its own tax system and, without the aide or interference of international organizations, create the conditions for economic growth and prosperity.
The COVID-19 pandemic has not only limited our liberties, but also liberated creativity. Vilnius mayor and LFMI’s ex-president has allowed turning the whole city into a giant outdoor café and let businesses to exploit parks and squares for this purpose.
In the year of the COVID-19 crisis, Czechs must endure one more month of work for the state. After June 24, 2020, they will start earning money for themselves. Until then, for 175 days, they only work for the state. This is the least free year since 2000.
In the current difficult situation, it is especially important for Georgia to choose a pragmatic way and not to be overwhelmed by emotions – this applies to health care measures as well as economic policy.
We are pleased to present the twelfth issue of 4liberty.eu Review, titled “Taxing Taxation: Labor and Capital in CEE”. This time our primary focus is the taxation of labor and capital – from the cases of Poland and the Czech Republic, to Ukraine, Bulgaria, and Bosnia and Herzegovina.
Paying taxes does not need to (and should not!) be taxing. Quite the contrary – it must be clear, straightforward, effortless, and taxpayer-friendly. What every taxation system needs is thus sensible policymakers who would look at the state expenditures and think of the ways of improving the exiting system and tax collection mechanisms.
Taxation is an involuntary payment levied on various entities in order to finance the state budget1. Clearly, the tax burden is heavily influenced by the philosophy of the role of the state in the public life, as well as quantity and quality of public services rendered.
The final effect of the carbon tax is determined by the way in which additional resources are handled. Every tax results in reallocation of scarce resources for purposes less desired by consumers. Not only do taxes diminish the utility of a consumer, but they also have a negative impact on economic growth.