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.
Sectoral tax, i.e. higher taxation, which affects only selected sectors of the economy (such as banking, insurance, energy, telecommunications, or the information technology segment) is considered to be an effective tool for increasing state budget revenues.
Currently, the Czech Republic does not have a separate capital gains tax for individuals or for corporations; capital gains are included in PIT and CIT. There are also a few cases in which capital gains are exempt, mainly pertaining to property.
The majority of people around the world complain about taxes they have to pay. However, in the case of Poland, it is not only the size of the tax burden that poses a problem, but also complicated and unclear rules in place.
One of the most important problems of today’s liberals and libertarians is how to translate the idea of liberty into a possible realization that would bring at least a bit of freedom. Nowadays, in a world of sophisticated systems of taxation and welfare states, it is very easy to make a mistake.
We are pleased to present the eleventh issue of 4liberty.eu Review, titled “Transformative Transformation? 30 Years of Change in CEE”. We trust that it may tact as not only a reason for reminiscing about the past, but also a pretext for further challenging ourselvs to fight for a brighter future.
Central and Eastern Europe, a home to around 190 m individuals. Each with their own hopes, dreams, and agendas. All of them with a unique set of experiences and access to their sui generis historical past. Most of them, however, shared similar routes on their way to becoming liberal democracies.
The division of the world into the first (capitalistic) world and the second (communistic) one for decades seemed very stable. If anything, Communism was often supposed – and even more often advertised – to be more efficient. Western economists were estimating when the second world will surpass the first one.
Many Westerners have seen the break-up of the Eastern Bloc as the long-expected moment of reconnection with the countries of Central Europe. Formerly, in the interwar years, these states formed a crucial part of the order within the region.
After thirty years since the fall of Communism in Europe, Ukraine remains a country with unfinished institutional reforms and significant barriers for business and trade. The country gained independence when the Soviet Union dissolved two years later – in 1991.
