TOP Tax System – A New Taxation System

In the current situation, where new progressive technologies transform the social relations, the topic of this article becomes especially relevant. The reason is that an insight into global trends for the next three decades and their extrapolation to individual socio-economic systems is important for the effective functioning and development of such systems. However, such futurological issues in the subject areas have not been sufficiently studied or developed by researchers so far. This also applies directly to the tax sphere, where practitioners have established the tasks for the development and implementation of a digital platform and the creation of a fiscal ecosystem. The object of this research involves the Russian tax system. The purpose is to develop landmarks and outlines for the development of such a system for the period up to 2050. The research is based on systemic and integrative approaches, as well as the methods of analysis and synthesis. The research provided the following solutions: 1) contemporary economic theories and concepts related to the changing global technological landscape were organized into a system; 2) some trends in the development of society in 2025-2050 were analyzed in the context of advancements in technology (the report of Huawei and the study by K. Kelly); 3) a brief description was given of the current state of the Russian tax system and its prospects of development; 4) based on the analysis and synthesis of information on the theories, global trends and the current situation in the taxation system, a matrix of system transformations was developed — it reflects the genesis of the smart-society and one of its components, the tax system; 5) some promising development directions of the taxation theory and practice were suggested, in particular, the rationale and methodology of the tax ecosystem as a highly complex system.

Download Full-text

TAXATION SYSTEM: A COMPARISON BETWEEN THAILAND AND THE PHILIPPINES

International Journal of Engineering Technologies and Management Research ◽

10.29121/ijetmr.v5.i10.2018.310 ◽

2020 ◽

Vol 5 (10) ◽

pp. 154-158

Author(s):

Rattana Pinthong ◽

Paiboon Pajongwong ◽

Thamrongsak Svetalekth

Keyword(s):

Economic Growth ◽

The Philippines ◽

Tax Rates ◽

Tax System ◽

Tax Rate ◽

System A ◽

Tax Allowance ◽

Tax Benefits ◽

The Difference ◽

Taxation System

The purpose of this research to study of taxation system, taxpayers, taxation agencies, tax rates, penalties, term and conditions of tax privileges and comparative analysis of taxation systems between Thailand and Philippines. The findings of tax system comparison were the difference of tax collection organization between Thailand and Philippines, however, both countries have the same tax system that are tax baskets, tax regulations, tax benefits. From these findings can be concluded that taxpayers or entity in Thailand has more advantage than Philippines’s in tax allowance regulations, personal tax income allowance favoured to taxpayers for lower tax rate. Moreover, the tax rate in Thailand is lower than in Philippines resulting to proprietors or investors could bring these proceeds to expand their business or investment, finally, it will generate economic growth.

Download Full-text

Achieving Environmental and Fiscal Goals in Lithuania using Environmental Taxes

Ekonomika ◽

10.15388/ekon.2002.16988 ◽

2002 ◽

Vol 58 ◽

Author(s):

Remigijus Čiegis ◽

Vidmantas Jankauskas ◽

Dalia Štreimikienė

Keyword(s):

System Analysis ◽

Environmental Taxation ◽

Environmental Taxes ◽

Methodological Issues ◽

Tax System ◽

Strategic Actions ◽

Damage Costs ◽

Accession Countries ◽

Taxation System ◽

New System

The main aim of this article is to analyse and compare the former and revised system of environmental taxes in Lithuania. Conceptual, analytical and methodological issues associated with the use of these instruments in the Lithuanian context are thoroughly discussed. Comparative and system analysis allows revealing deficiencies of the previous system of taxes and positive features of the new system. Comparison of pollution taxes available in Lithuania with the damage costs related to these pollutants emissions as well as comparison of environmental taxes with those of EU and accession countries allows to evaluate the efficiency of existing tax system in Lithuania and provide recommendations for strategic actions with respect of increasing effectiveness of existing environmental taxation system.

Download Full-text

Aftermath Effect Of GST On Consumer Purchasing Power

Restaurant Business ◽

10.26643/rb.v118i5.7657 ◽

2019 ◽

Vol 118 (5) ◽

pp. 122-131

Author(s):

S. Thowseaf ◽

M. Ayisha Millath ◽

K. Malik Ali

Keyword(s):

Living Standard ◽

Purchasing Power ◽

Percentage Increase ◽

Defense System ◽

Key Factors ◽

Predominant Role ◽

Tax System ◽

Significant Difference ◽

The Individual ◽

Taxation System

Tax is an important source of income for the country. It is through tax; country strengthens its defense system, infrastructure, and government. Hence, tax system plays a predominant role in developing country’s economy. The complication in taxation system and liberty for taxpayers are key factors generating loopholes for corruption. GST is superior taxation system over VAT but, if neither properly implemented nor scrutinized according to the economy, it is people residing get affected. GST taxation system is capable of increasing legal transaction, reducing corruption and complexity that exists in current taxation. India is 166th country to adopt GST and GST taxation slab in India is 0%, 5%, 12%, 18% and 28%. Although average Tax levied is 14.8750% in India, it is 28% tax that is levied for most of the commodities, which are directly or indirectly used in everyday life of common individuals. Despite, GST being favorable to distributor in-terms of profit and government to attain tax by increasing legal transaction through invoice. It is noted that for the same percentage of taxation, the amount does not vary for VAT and GST. The tax slab decreased for 71 commodities and no change in 21 commodities; there has been an increase in tax slab for 60 commodities. 26% taxation was levied for most commodities considered was currently levied by 28% taxation which is greater than before. It was found that average tax percentage reduced was calculated to be 6.07143. The average tax percentage increase was calculated to be 4.7833 percentage for the considered commodities. The overall tax average tax percentage is estimated to be 14.8750% which does not have a significant difference concerning tax levied before GST, which was calculated to be 15.7829% for considered commodities. Therefore, the consumer purchasing power and overall living standard of the individual in India will remain almost same.

Download Full-text

Lack of Uniformity in the Israeli Property Tax System 1997–2017

Journal of Risk and Financial Management ◽

10.3390/jrfm13120327 ◽

2020 ◽

Vol 13 (12) ◽

pp. 327

Author(s):

Avi Perez

Keyword(s):

Developing Countries ◽

Real Estate ◽

Central And Eastern Europe ◽

Property Tax ◽

Measurement Methods ◽

Tax System ◽

Tel Aviv ◽

Unique Data ◽

The World ◽

Taxation System

There are two different forms of property tax systems: value-based tax, which is used in most countries of the world, and area-based tax, which is used mainly in Central and Eastern Europe and developing countries in Africa. Area-based property tax provides more stable and predictable budget revenues. It is simpler to administer and scores worse on equity grounds from the perspective of the ability-to-pay principle of taxation. Against this background, Israel’s property tax system, known as Arnona, is complex, spatially diversified, and causes a lack of uniformity that leads to tax distortion. This paper’s primary purpose is to identify the weaknesses of Israeli property tax from 1997 to 2017 and indicate how to improve the property tax system. This paper is based on case studies from four of the most important cities in Israel: Tel Aviv, Jerusalem, Haifa, and Beersheba, which have four different measurement methods for calculating property tax. Unique data were collected from the Israel Central Bureau of Statistics. According to this analysis, it was found that there are substantial differences in property tax between the four cities over the two decades analyzed. The main weakness is the lack of uniformity of the taxation system; the solution is to unify the measurement of real estate area for tax purposes using drone technology.

Download Full-text

German Tax System: Double Taxation Avoidance Conventions, Structure and Developments

Journal of Legal Studies ◽

10.1515/jles-2015-0006 ◽

2015 ◽

Vol 16 (30) ◽

pp. 1-17

Author(s):

Florin Dumiter ◽

Florin Turcas ◽

Anca Opret

Keyword(s):

Automotive Industry ◽

System Analysis ◽

The European Union ◽

Double Taxation ◽

Tax System ◽

German State ◽

Tax Legislation ◽

Practical Analysis ◽

National Tax ◽

Taxation System

Abstract This paper presents the fundamentals of the tax system in general, the basic elements of a tax system as well as the organization of the German tax system analysis, especially throughout the tax levy and how the taxation typology functions. This theme was chosen in order to expose the principles of German taxation system. With a tumultuous and troubled history, mainly caused by the two World Wars‟ destructions, the German state is considered the „economic locomotive” and a pillar of the European Union. Germany‟s economy is mainly driven by the automotive industry, chemical industry, telecommunications, commerce and agriculture. Of particular importance is the qualitative analysis of conventions for the avoidance of double taxation concluded by Germany; and related implications on fiscal policy. The methodology used in this paper consists of presenting literature derived theories and practical analysis of the German tax system in terms of tax legislation and the evolution of double taxation conventions concluded by Germany with different countries. After the study, the conclusions on the size of the national tax system driven by the example of the German tax system were founded.

Download Full-text

DIRECTIONS OF IMPROVEMENT OF BENEFICIAL REGIMES IT INDUSTRY TAXATION

Juridical science ◽

10.32844/2222-5374-2020-105-3.29 ◽

2020 ◽

pp. 231-238

Author(s):

Є. М. Найдьон ◽

В. А. Сандул

Keyword(s):

Policy Development ◽

Developed Countries ◽

International Standards ◽

It Industry ◽

Tax System ◽

Tax Regimes ◽

Tax Benefits ◽

European Standards ◽

Problems Of Practice ◽

Taxation System

The relevance of the article is that tax benefits play a significant role in shaping a sustainable and developed economy because the system of benefits is a kind of guide for legal entities and individuals when choosing their field of activity, forms of income, benefits reduce tax pressure on taxpayers. The task of tax benefits is not only the equality of all in the field of taxation, but also to stimulate enterprises, including enterprises that use IT technologies, a tool to improve the economic situation in Ukraine. This issue becomes especially relevant in the context of the European integration process, when our country is increasingly entering the European economic arena. Accordingly, Ukraine needs to develop an effective tax system for providing benefits and advantages to progressive industries, including IT. The purpose of the article is to identify areas for improvement of the procedure for providing tax benefits to businesses operating in the field of IT, taking into account European standards. In the article the author considers the peculiarities of the purpose of tax benefits for the IT industry. Relevant issues of tax policy development related to the support and development of the IT industry have been identified. The normative legal acts in the field of taxation of the IT industry and the main directions of its improvement in accordance with international standards are studied. The need to create a preferential tax regime for companies operating in the IT industry has been established. It is concluded that the growth of the IT industry requires a stable fiscal policy, which would provide benefits and advantages to new progressive companies, thereby helping to fill the state treasury. However, today Ukraine is only taking the first steps to improve the taxation system of the IT industry, develops and improves legislation in this area, in accordance with the problems of practice, and therefore the issue of creating an effective preferential tax regime for IT industries remains open and needs further study. taking into account the experience of European and other developed countries, the taxation models of which can serve as a basis for the Ukrainian tax system and tax regimes.

Download Full-text