scholarly journals EU TAX Strategy in the COVID-19 Pandemic

2021 ◽  
Vol 107 (7) ◽  
pp. 61-71
Author(s):  
Lyudmila Koroleva ◽  
Keyword(s):  
Tax Policy ◽  
Economic Activities ◽  
Tax Reforms ◽  
National Interests ◽  
Tax Base ◽  
Eu Countries ◽  
Timely Response ◽  
Trading Scheme ◽  
Tax Payments ◽  
The Eu

This article explores the EU's experience in finding tax revenues without compromising economic recovery. The EU's tax policy strategy envisages a stronger role for taxes in the development of a green, digital and inclusive Europe. It is recognized as fair to increase the tax burden on "polluters", digital and financial businesses, the largest corporations in the context of a single European economic space and fair tax competition of EU countries, excluding opportunities for tax base erosion. In 2021-2027 it is planned to increase the burden through the introduction of contributions on non-recycled plastic, border carbon adjustment mechanism, digital levy, financial transaction tax, revision of the CO2 emissions trading scheme. This could significantly complicate nonresident digital, financial and foreign economic activities in the EU, as well as the EU's international relations. The reform is controversial and requires revision, taking into account international agreements and the national interests of partner countries. The set of tactical measures involves updating the norms of legislation to meet the requirements of the digital economy, increasing trust and transparency in tax relations, convenience and simplicity of tax payments, and expanding cooperation between tax authorities of EU countries. The experience and prospects of the EU tax policy are significant for Russia both in terms of implementation of the best practices and in terms of timely response to possible dangers and threats related to the ongoing tax reforms in the EU.

scholarly journals Assessment of the Impact of EU Sanctions on Budget Revenues of Russia in the Context of New Industrialization in Terms of National Dimension

2021 ◽  
Vol 93 ◽  
pp. 02003
Author(s):  
Andrey Anisimov ◽  
Oksana Kolotkina ◽  
Inara Yagofarova
Keyword(s):  
Russian Federation ◽  
Factor Model ◽  
Eu Countries ◽  
Tax Revenues ◽  
Russian State ◽  
The Russian Federation ◽  
Tax Payments ◽  
The Impact ◽  
New Industrialization ◽  
The Eu

The article examines topical issues that assess the impact of EU sanctions on the volume of tax revenues of the consolidated budget of Russia. The main purpose of this study is an attempt to develop a factor model that allows assessing the sanctions impact on the specified tax revenues, describing and analyzing the factors that directly or indirectly affect the formation of the consolidated budget revenues of the Russian Federation, identifying the corresponding relationships during the period of new industrialization. A separate stage of the presented study is associated with the development of the above model, which evaluates the sanctions effect on the composition of tax revenues of the consolidated budget of the Russian Federation and verification of the adequacy of this model. The authors' own research made it possible to develop a conceptual factor model that assesses the impact of the sanctions effect of the EU countries on the composition and volume of tax revenues of the consolidated budget of the Russian Federation, the use of which makes it possible to analyze the proceeds from the tax payments that have come under the influence of the sanctions. The model presented by the authors makes it possible to fundamentally assess the real impact of the applied sanctions on tax revenues of the consolidated budget of the Russian Federation, to develop appropriate directions in the development of the country during the period of the new industrialization of the Russian state.

scholarly journals Professional Opinions And Attitudes On Tax Policy In Bosnia And Herzegovina With A Special Focus On The Federation Of Bosnia And Herzegovina

2015 ◽  
Vol 10 (2) ◽  
pp. 29-44 ◽  
Author(s):  
Lejla Lazović-Pita ◽  
Ana Štambuk
Keyword(s):  
Bosnia And Herzegovina ◽  
Tax Policy ◽  
Income Tax ◽  
Value Added ◽  
Special Focus ◽  
Tax Reforms ◽  
Tax Base ◽  
Excise Duty ◽  
Efficiency Principle ◽  
Definition Of

Abstract This research is based on tax policy opinion survey data collected in Bosnia and Herzegovina (B&H) among tax experts. A special focus of the survey was to investigate the consequences of the different institutional environments that exist between the two entities of the country. After having reviewed all previous tax reforms in B&H, the most interesting results suggest that respondents agree on the introduction of a progressive personal income tax (PIT) and excise duty on luxury products, the maintenance of personal and family allowances and the maintenance of the current value added tax (VAT) and corporate income tax (CIT) rates. However, differences exist in the respondents’ perceptions about the introduction of reduced VAT rates, the regressivity of the VAT, and giving priority to the equity principle over the efficiency principle in taxation. Probability modelling highlighted these differences and indicated inconsistencies in the definition of the PIT tax base, namely the comprehensiveness of the PIT base under the S-H-S definition of income.

scholarly journals COMPARATIVE CHARACTERISTICS OF DOMESTIC AND FOREIGN ACCOUNTING SYSTEMS ON THE EXAMPLE OF GERMANY

2021 ◽  
Vol 1 (22(50)) ◽  
pp. 76-80
Author(s):  
Nadiia Antonenko
Keyword(s):  
Basic Element ◽  
Accounting System ◽  
Reporting Standards ◽  
Federal Republic Of Germany ◽  
Accounting Systems ◽  
Eu Countries ◽  
The Subject ◽  
Tax Payments ◽  
Practical Recommendations ◽  
The Eu

The purpose of the article is to study the experience of reflecting accounting processes in the documents of companies of the Federal Republic of Germany (Germany), which is a basic element in building a harmonized accounting system with EU countries. To achieve the above goal, the authors set a task to compare the characteristics of accounting in Germany and Ukraine, to determine the features of development and construction of a modern accounting system in Germany, to formulate practical recommendations for improving accounting processes in Ukraine. The object of research is the process of accounting in Germany and Ukraine. The subject of the study are the principles and methods of accounting in these countries. As Germany stands out among the EU countries with a clear formalized approach to the application of statutory accounting and reporting standards, the experience of reflecting accounting processes in the documents of enterprises and companies of this country is important for building a harmonized accounting system in Ukraine. The German accounting system uses the principle of obligation, the essence of which is as follows: the direct basis for calculating tax payments are accounting accounts. In the organization of accounting in Germany automated form of its maintenance such as specialized accounting programs are mainly used. One such program is the SAP program. Given that the principles and methods of accounting used in Germany and Ukraine are almost the same, except for the principle of obligation used in Germany, it is recommended to implement SAP as an automated accounting system everywhere in large and medium-sized enterprises in Ukraine.

scholarly journals Regulatory policy on ensuring sustainability of tax revenues of EU-28 countries

2021 ◽  
Vol 7 (3B) ◽  
pp. 447-459
Author(s):  
Alla Abramova ◽  
Anton Chub ◽  
Dmytro Kotelevets ◽  
Oleksandr Lozychenko ◽  
Kateryna Zaichenko ◽  
...  
Keyword(s):  
Tax Policy ◽  
Regulatory Policy ◽  
Comprehensive Approach ◽  
Static Characteristics ◽  
Tax Revenues ◽  
Scientific Approach ◽  
Policy Measures ◽  
Tax Payments ◽  
The Stability ◽  
The Eu

The purpose of the article is to develop theoretical and applied principles for studying the stability and sustainability of tax revenues of the EU-28 and the introduction on this basis of a system of regulatory tax policy measures. The analysis of the stability of tax revenues of the studied countries is carried out due to a comprehensive approach, the methodology of which is based on a combination of static characteristics that demonstrate their state at a given time and GDP elasticity coefficients that determine the intensity of their dynamics. The scientific approach to the interpretation of the concept of "sustainability of tax revenues" is systematized. The state of stability and stability of tax payments in the EU-28 countries is analyzed, the main trends are identified. Led by classical principles and traditional measures of influence on tax policy, in particular, on the growth of tax revenues, an up-to-date view is proposed on the directions of implementation of regulatory tax policy in the studied countries.

scholarly journals Environmental Performance in EU Countries from the Perspective of Its Relation to Human and Economic Wellbeing

2021 ◽  
Vol 18 (23) ◽  
pp. 12733
Author(s):  
Simona-Roxana Ulman ◽  
Costica Mihai ◽  
Cristina Cautisanu ◽  
Ioan-Sebastian Brumă ◽  
Oana Coca ◽  
...  
Keyword(s):  
Environmental Performance ◽  
Good Governance ◽  
Social Dimensions ◽  
Economic Activities ◽  
Eu Countries ◽  
National Performance ◽  
National Environmental ◽  
Sufficient Food ◽  
New Criteria ◽  
The Eu

The actual development challenges impose new criteria of national performance evaluation, the concept of wellbeing tending to be measured not just in terms of economic and social dimensions, but also vs. the environment. Accordingly, considering the national environmental performance among the EU countries in 2006–2019 period, we grouped them and concentrated on the clusters registering the highest and lowest levels, analyzing how the components of the human and economic dimensions influence it. Applying panel data models, our main results emphasized that, firstly, for the countries with a better environmental performance, sufficient drinking water, safe sanitation, education, gender equality, and good governance were significant; in the countries with the lowest levels of environmental wellbeing, sufficient food, sufficient to drink, education, and income distribution were insignificant, while the remaining components were relevant. Secondly, in both groups of countries, organic farming and public debt were significant; nevertheless, differences were observed for genuine savings and employment, for which the peculiarities of economic activities seemed to be materialized as different influences upon environmental wellbeing. Our study draws alarm signals regarding the development patterns applied in the EU, seeming to have results that strengthen the sustainable goals, but not sufficient for exceeding the traditional growth-oriented model.

scholarly journals ECONOMIC PERFORMANCE OF SECTORS ALONG THE FOOD SUPPLY CHAIN – COMPARATIVE STUDY OF THE EUROPEAN UNION COUNTRIES

2018 ◽  
Vol 17 (4) ◽  
pp. 69-78
Author(s):  
Jarosław Gołębiewski
Keyword(s):  
Supply Chain ◽  
Supply Chains ◽  
Labour Productivity ◽  
The European Union ◽  
Economic Activities ◽  
Specific Sequence ◽  
Eu Countries ◽  
Eu Member States ◽  
Productivity Dynamics ◽  
The Eu

The study presents analysis of supply chains for agricultural products in EU countries. Supply chains are sets of interrelated production and trade economic activities, carried out in a specific sequence. In the agrifood sector, the chains encompass activities carried out at the farm level and then continued during primary and secondary processing and distribution to final recipients. The aim of the article is to analyze diversity of economic results and changes in labour productivity dynamics in individual sectors of the supply chain in the EU member states in years from 2008 till 2016. The findings have shown that economic results of individual sectors in the supply chain of food products differ substantially both along the supply chain and between individual EU countries.

scholarly journals Tax Impact on Household Income

2016 ◽  
Vol 29 (1) ◽  
pp. 76-81
Author(s):  
Mariyana Pavlova
Keyword(s):  
National Economy ◽  
Household Income ◽  
Economic Indicator ◽  
Disposable Income ◽  
Tax Reforms ◽  
The Republic ◽  
Tax Payments ◽  
The Impact ◽  
Monetary Income ◽  
The Eu

Abstract The household income is an important economic indicator because it determines the scale of the household sector consumption and its delay in future in terms of saving and investing. Many factors influence the magnitude of household income and one of these factors is taxation. Given the significance of tax payments not only for household income, and through them – for the national economy, the object of the current study is the household income and in particular the impact of the taxation framework on the formation of disposable income. The aim of the study is to examine the changes in the monetary income of households in the Republic of Bulgaria as a function of the implemented tax reforms in the period following the country’s accession to the EU.

scholarly journals Differences in the generation of industrial waste from economic activities in Ukraine and the EU and the prospects for the integrated use of mineral raw materials

2021 ◽  
Vol 280 ◽  
pp. 09008
Author(s):  
Victoria Gubina ◽  
Victor Zaborovsky ◽  
Natalia Mitsiuk ◽  
Aboubaker Farag Srat
Keyword(s):  
Economic Activity ◽  
Statistical Data ◽  
Raw Materials ◽  
Household Waste ◽  
The European Union ◽  
Waste Generation ◽  
Economic Activities ◽  
Eu Countries ◽  
The Eu ◽  
Iron And Manganese

The paper presents the comparative analysis of the amount of waste generated in Ukraine and European countries (except for radioactive waste) based on the official EU and Ukrainian statistical data. The data on waste generation are compiled according to the following classification: by economic activity and household, waste category, grades of hazard, and regions. In Ukraine, 352.3 million tons of waste was generated in 2018. By 2018, almost 13 billion tons of waste had been accumulated at the managed dumpsites, including about 12 million tons of hazardous and over 200 million tons of household waste. In the European Union, 2.6 billion tons of waste was generated in 2018. Over 70% of it was generated by 10 countries: Germany, France, England, Poland, Romania, Italy, Sweden, the Netherlands, Spain and Finland. By economic activity, the largest amounts of waste in Ukraine are generated by the mineral extraction and processing industry, the smallest – from water treatment and construction. In the EU countries, these values are somewhat different. For example, in Germany and France, the largest amounts of waste are generated from construction and manufacturing, the smallest – from agriculture, forestry and fishery. By waste category, the waste generated both in the EU countries and in Ukraine is mineral and solid waste. In Ukraine, the largest amounts of waste are produced and accumulated in the Dnipropetrovsk, Donetsk and Zaporizhzhia regions which accommodate large enterprises for extraction and mineral processing of iron and manganese ores, titanium-zirconium placers, coal, dolomite, and metallurgical limestone, as well as metallurgical and ferroalloy plants.

scholarly journals Environmental, social and governance disclosures in Europe

2015 ◽  
Vol 6 (2) ◽  
pp. 224-242 ◽  
Author(s):  
Mark Anthony Camilleri
Keyword(s):  
Emission Trading ◽  
Pollution Prevention ◽  
Annual Reports ◽  
Member States ◽  
Content Type ◽  
Eu Countries ◽  
Eu Member States ◽  
Trading Scheme ◽  
National Governments ◽  
The Eu

Purpose – The purpose of this paper is to shed light on the European Union’s (EU) latest regulatory principles for environmental, social and governance (ESG) disclosures. It explains how some of the EU’s member states are ratifying the EU Commission’s directives on ESG reporting by introducing intelligent, substantive and reflexive regulations. Design/methodology/approach – Following a review of EU publications and relevant theoretical underpinnings, this paper reports on the EU member states’ national policies for ESG reporting and disclosures. Findings – The EU has recently revised a number of tools and instruments for the reporting of financial and non-financial information, including the EU’s modernisation directive, the EU’s directive on the disclosure of non-financial and diversity information, the EU Energy Efficiency Directive, the European pollutant release and transfer register, the EU emission trading scheme, the integrated pollution prevention and control directive, among others. Practical implications – Although all member states are transposing these new EU directives, to date, there are no specific requirements in relation to the type of non-financial indicators that can be included in annual reports. Moreover, there is a need for further empirical evidence that analyse how these regulations may (or may not) affect government entities and big corporations. Social implications – Several EU countries are integrating reporting frameworks that require the engagement of relevant stakeholders (including shareholders) to foster a constructive environment that may lead to continuous improvements in ESG disclosures. Originality/value – EU countries are opting for a mix of voluntary and mandatory measures that improve ESG disclosures in their respective jurisdictions. This contribution indicates that there is scope for national governments to give further guidance to civil society and corporate business to comply with the latest EU developments in ESG reporting. When European entities respond to regulatory pressures, they are also addressing ESG and economic deficits for the benefit of all stakeholders.

scholarly journals Impacts of the tax policy change in the EU countries and the USA

2019 ◽  
Vol 2020 (1) ◽  
pp. 26-41
Author(s):  
Olena TYMCHENKO ◽  
Keyword(s):  
Policy Change ◽  
Tax Policy ◽  
Eu Countries ◽  
The Usa ◽  
The Eu
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