Cash payment restrictions would increase individual and corporate expenses and would cause payment inconveniences. How would one be expected to make larger payments at weekends when interbank transfers are not made? A forced „banking“ of cash reduces competition among payments methods.
How to tax small businesses? In recent months, this question has become the centre of heated discussions in Ukraine. The main topic of the discussions is the future of the Simplified System of Taxation, Accounting and Reporting (or Simplified Tax System, STS), which may be reformed as part of the government’s tax reform.
The shadow economy in Lithuania is contracting but it remains widespread. A third of people in Lithuania have friends or relatives who work in the shadow labour market and receive part of their wage or their entire wage “under the table.”
About PLN 60 billion in spending and (in the beast case scenario) PLN 10 billion in extra revenue. PLN 40 billion of deficit. It seems that Poland can go broke within the forthcoming year. The question is whether Law and Justice (PiS) intends to sink the country or maybe Beata Szydło’s cabinet is designed to withdraw from the promises and fail so that Jarosław Kaczyński may step in and save the day?
The European Commission has re-launched the Common Consolidated Corporate Tax Base (CCCTB) initiative. The renewed proposal for a CCCTB introduces a two-step approach: efforts will first concentrate on agreeing the rules for a Common Corporate Tax Base (CCTB), and consolidation will be left to be adopted at a later stage (CCCTB).
Slovakia is experiencing situation common to many European economies. The price of electric energy on the market is falling, so is the overall consumption of electricity. And yet, the final price for consumers, especially in the industrial sector, remains high.
On July 23, The Guardian published the results of a report by the “Tax Justice Network” (TJN). The title – “Wealth doesn’t trickle down – it just floods offshore” – cannot remain unnoticed by the reading public.
Following the Greek tragedy, there is a search for ways to prevent crises of similar magnitude from happening. Different state representatives are coming up with different solutions on how best handle such situations. What the eurozone needs are more voices advocating for the benefits of competition.
According to the Business Tendency Survey, a quarterly survey of industrial enterprises in Ukraine carried out by the Institute for Economic Research and Policy Consulting (Kyiv), the biggest obstacles to production growth in Ukraine in May 2015 were low demand, liquidity problems, excessive taxation, and unstable political situation.
Fiscal policy is not just about taxation. And, moreover, the ongoing debates often miss actual numbers. And what are the actual recent fiscal numbers in the Czech Republic? Let’s look into that.
