taxation

The introduction of the controversial 500+ program in Poland has so far resulted in no increase in fertility rate. Noteworthy, 12% of the program budget would be sufficient to eliminate extreme child poverty. Meanwhile, 100,000 women were pushed out of the labor market.

On May 11, Lithuania celebrated its second National Respect for Taxpayers Day. This day became an official commemorative day in Lithuania following the adoption of a proposal from the Lithuanian Free Market Institute (LFMI) in early 2018.

In the beginning of 2019, the governmental Institute of Financial Policy (IFP) came with the issue of tax on sugar. However, we believe that in this case once again, the tax discussion precedes the discussion about the core problem - obesity. Therefore, INESS prepared a new publication entitled \"Bitter Tax on Sugar\".

Several East European countries have been flirting with various forms of a “retailer tax”. A tax similar (but not equal) to VAT, or the sales tax. Its proclaimed aim is typically to “punish” international retail chains, which have been repeatedly blamed for problems of local farmers and local food and beverages industry.

The ruling politicians are unfortunately going in the opposite direction. While a person working for a minimum wage in 2015 paid 29% in taxes and levies, with the planned minimum wage, they will pay more than 40% next year.

The study presents different models which take into account the consequences for the individual, the state budget, and the labor market. The suggested reform variants make it a significantly more attractive option for Hartz IV recipients to work more, by raising income retention by up to 40 percent.

Examples of senseless Slovak economic policy that combines financial and bureaucratic blows always aimed at a different sector of the economy are thick on the ground. One of the most memorable ones is the imposed levy on singular shops and chains, also known as “food tax”.

In order for the EU to prosper as a political, economic and social construct, it needs to be more competitive – including in the field of tax policy, and also to respect sovereignty and find unanimously agreed solutions on major issues.

In compliance with the requirements of the International Monetary Fund, Ukraine has split its previously combined fiscal service into separate tax and customs agencies. This is a step in the right direction, which should be followed by re-orienting the customs to serve businesses and promote cross-border trade.

Progressive taxation is considered to be the most popular measure to reduce income inequality. The aim of the conducted research was to enlighten this discussion by exploring to what extent the progressiveness of PIT is a decisive factor in reducing income inequality.