taxes

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 fiscal burden of labor in the Federation of Bosnia and Herzegovina is one of the largest in Europe. Although living among the poorest countries on the continent, workers in Bosnia and Herzegovina pay a lot to a high tax wedge, which is over 40%.

A simplified tax system is one of the essential tools for supporting small and micro businesses and self-employment in Ukraine. Entrepreneurs who are using a simplified system pay a fixed amount of tax or a fixed percentage of income.

Taxes come in different forms and shapes. Regardless, they all have certain consequences. The discussion about what is the optimal size of the state, and which public expenditures are justified and beneficial never tires.

With a sample of 4,000 Slovak students, the Economics Olympiad revealed the most serious weaknesses in economic education of young people. Memorizing is believed to be a long-term problem, but knowledge useful only as a part of quiz shows remains a crucial element of the Slovak education system.

The European Commission has presented a new proposal on the System of Own Resources of the European Union. If agreed on, the provisions of this proposal shall apply from January 1, 2021 - except the provisions regarding the CCCTB.

The Respect for Taxpayers Day becomes an official commemorative day in Lithuania to be celebrated on May 11. A recently adopted law is a result of a petition submitted by the Lithuanian Free Market Institute.

In October 2016, IME together with FNF launched \"My taxes\" – a specialized online personal tax calculator, which can be accessed at the kolkodavam.bg website. The name “kolkodavam.bg” translates to “How much do I give?”. We are happy to announce that the website is already available in English.

Why do conditions for doing business and entrepreneurship keep deteriorating when politicians are trying to convince us on a daily basis that they want to improve them instead? No deeds follow their words. Although the government pretends to listen to our concerns, they do not usually take them into account.