scholarly journals Tax expenditure in Croatia: personal income, corporate income, real estate transfers and value added tax

2007 ◽  
Author(s):  
Vjekoslav Bratić
Keyword(s):  
Real Estate ◽  
Value Added ◽  
Personal Income ◽  
Value Added Tax ◽  
Tax Expenditure

Zasady opodatkowania dochodów i obrotów ze sprzedaży produktów wytwarzanych w gospodarstwach rolnych

2021 ◽  
Vol 1 (69) ◽  
pp. 189-215
Author(s):  
Jacek Kulicki
Keyword(s):  
Income Tax ◽  
Value Added ◽  
Personal Income ◽  
Agricultural Activity ◽  
Personal Income Tax ◽  
Value Added Tax ◽  
Excise Tax ◽  
Agricultural Income

The analysis of the applicable regulations leads to the conclusion that the system of taxation of farmers’ income is complex. The author points out different definitions of agricultural activity for the purposes of income tax and value added tax. The legislator makes the classification of agricultural income among individual sources of income for the purposes of personal income tax dependent on whether they are processed or unprocessed products and on the method of their processing. The differences in the treatment of farmers’ revenues for the purposes of income tax overlap with the tax obligations with regard to value added tax and excise tax.

Real Estate Trust and Value-Added Tax

2018 ◽  
Vol 24 (2) ◽  
pp. 95-135
Author(s):  
Jinyoung Bang
Keyword(s):  
Real Estate ◽  
Value Added ◽  
Value Added Tax ◽  
Real Estate Trust

scholarly journals The Possible Effects of Personal Income Tax and Value Added Tax on Consumer Behaviors

2018 ◽  
Vol 1 (1) ◽  
pp. 49-58
Author(s):  
Ahmet AK ◽  
Öner Gümüs
Keyword(s):  
Economic Theory ◽  
Behavioral Economics ◽  
Income Tax ◽  
Real Life ◽  
Value Added ◽  
Personal Income ◽  
Personal Income Tax ◽  
Value Added Tax ◽  
Consumer Behaviors ◽  
The People

In economics literature, it is accepted that all people are rational and they try to maximize their utilities as possible as they can. In addition, economic theories are formed with the assumptions not suitable to real life. For instance, indifference curves are drawn with the assumptions that there are two goods, people are rational, more is preferred to less and so on. Hence, the consumer behaviors are guessed according to this analysis. Nevertheless, these are invalid in real life. And this inconsistencey are examined by behavioral economics and neuroeconomics. Behavioral economics claims that people can behave what they are not expected since people can be irrational, their willpower is limited and altruistic behaviors can be seen and they can give more value to what they own. As a result of these, consumer behaviors become more different than that of economic theory. In addition to behavioral economics, neuroeconomics also examines consumer behaviors more differently than mainstream economic theory. It emphasizes the people using prefrontial cortex of the brain are more rational than the people using hippocampus of the brain. Therefore, people can make illogical choices compared to economic theory. In these cases, levying taxes such as personal income tax or value added tax can be ineffective or effective. In other words, the effect becomes ambiguous. Hence,the hypothesis that if government desires to levy personal income tax or value added tax, it makes a detailed research in terms of productivity of taxes forms the fundamental of this study.

scholarly journals A Longitudinal Assessment of Tax Reforms and National Income in Nigeria: 1971-2014

2016 ◽  
Vol 8 (8) ◽  
pp. 43
Author(s):  
Innocent Augustine Nwaorgu ◽  
Wilson E. Herbert ◽  
Francis Onyilo
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Growth Rates ◽  
Income Tax ◽  
National Income ◽  
Value Added ◽  
Personal Income ◽  
Personal Income Tax ◽  
Value Added Tax ◽  
Tax Reforms

<p>This study assesses the impact of tax reforms on Nigeria’s national income over the period, 1971 to 2014. Using a variety of growth indicators signifying tax reforms, our regression model specified growth rate of national income (proxied by GDP) as a function of growth rates in these indicators. Diagnostic tests (F-statistics, Adjusted R-Square and Durbin-Watson) were carried out to ascertain the robustness of the parameter estimates. We found that tax reforms significantly improved national income and economic growth during the period of study, especially growth rates of value added tax and personal income tax. Our results show that growth rate of personal income tax has a positive significant effect on the national income and economic growth, while that of value added tax has a negative significant effect on growth of national income. The growth components of company income tax and petroleum profit tax are positive but not statistically significant. On the other hand, reforms in custom and excise duties were found to yield negative and statistically non-significant effect. The leading conclusions from these findings are: (1) strategic tax reforms significantly influence the behaviour of national income and GDP; (2) tax policy significantly fosters the growth of national income; and (3) policy makers, especially Ministry of Finance and Federal Inland Revenue Service and their state counterparts, should give requisite attention to tax policy issues, in the light of their obvious implications on growth of the national income and economic development.</p>

Sign in / Sign up

Export Citation Format

Share Document