scholarly journals Offshore companies’ participation in strategic state projects and their impact on state budget revenue

2019 ◽  
Author(s):  
Vaidas Gaidelys
Keyword(s):  
Empirical Research ◽  
Tax Evasion ◽  
Developed Countries ◽  
Tax Revenue ◽  
Statistical Data Analysis ◽  
Economic Sectors ◽  
State Budget ◽  
State Projects ◽  
Practical Implications ◽  
Budget Revenue

Purpose – to assess possible consequences of the employment of offshore companies in strategic state projects. Research methodology – empirical research statistical data analysis. This publication introduces scientific research on the case of employment of offshore companies in strategic state projects and assesses its possible damage to state budget revenue. Findings – offshore financial centres specialise in serving particular economic sectors. Research limitations – although developed countries suffer the most significant tax revenue losses, they promote the establishment of offshore centres. Countries do not learn from their mistakes, especially in terms of tax evasion through offshore companies. Practical implications – by employing offshore companies in its strategic projects, Lithuania supports the double stand-ards and the principle that what the state is allowed to do, private business is not. By taking advantage of offshore companies, corruption offences can be financed. Originality/Value – this article introduces the new empirical research on employment of offshore companies in strategic state projects.

Macroeconomics of money laundering: effects and measurements

2017 ◽  
Vol 24 (1) ◽  
pp. 65-81 ◽  
Author(s):  
Nella Hendriyetty ◽  
Bhajan S. Grewal
Keyword(s):  
Developing Countries ◽  
Money Laundering ◽  
Tax Evasion ◽  
Developed Countries ◽  
Tax Revenue ◽  
Negative Effects ◽  
Policy Makers ◽  
Content Type ◽  
Macroeconomic Conditions ◽  
Illicit Flows

Purpose The purpose of this paper is to review studies focusing on the magnitude of money laundering and their effects on a country’s economy. The relevant concepts are identified on the basis of discussions in the literature by prominent scholars and policy makers. There are three main objectives in this review: first, to discuss the effects of money laundering on a country’s macro-economy; second, to seek measurements from other scholars; and finally, to seek previous findings about the magnitude and the flows of money laundering. Design/methodology/approach In the first part, this paper outlines the effects of money laundering on macroeconomic conditions of a country, and then the second part reviews the literature that measures the magnitude of money laundering from an economic perspective. Findings Money laundering affects a country’s economy by increasing shadow economy and criminal activities, illicit flows and impeding tax collection. To minimise these negative effects, it is necessary to quantify the magnitude of money laundering relative to economic conditions to identify the most vulnerable aspects of money laundering in a country. Two approaches are used in this study: the first is the capital flight approach, as money laundering will cause flows of money between countries; the second is the economic approach for measuring money laundering through economic variables (e.g. tax revenue, underground economy and income generated by criminals) separately from tax evasion. Originality/value The paper offers new insights for the measurement of money laundering, especially for developing countries. Most methods in quantifying money laundering have focused on developed countries, which are less applicable to developing countries.

scholarly journals KEDUDUKAN KEKAYAAN NEGARAYANGDIPISAHKAN PADA BADAN USAHA MILIK NEGARA (BUMN)

2015 ◽  
Vol 44 (3) ◽  
pp. 284
Author(s):  
Henny Juliany
Keyword(s):  
Empirical Research ◽  
Research Method ◽  
The State ◽  
Tax Revenue ◽  
State Budget ◽  
State Revenue ◽  
State Enterprises

The aim of research to determine the position of state assets set aside in BUMN. The research method used is normative empirical research by using statutory approach. The research found that the First, implementation of management and accountability for the state against state assets set aside in BUMN aims to provide an important role in contributing to the state revenue for part of the profits of BUMNs will be deposited into the state budget as Non Tax Revenue (non-tax). Second, the wealth of a country that has been transformed into the capital of state enterprises, the management should be in the business paradigm (business judgment rules), but the separation of the wealth of the country has not made   the switch into a state that in spite of the wealth of the country’s wealth .

scholarly journals How can We Measure the VAT Fraud and Evasion? Case of Albania

2015 ◽  
Vol 2 (1) ◽  
pp. 40
Author(s):  
Ledjon Shahini ◽  
Arben Malaj
Keyword(s):  
Tax Evasion ◽  
Financial Stability ◽  
Budget Deficit ◽  
Value Added ◽  
Threshold Level ◽  
Comprehensive Analysis ◽  
Tax Revenue ◽  
National Accounts ◽  
Administration System ◽  
Budget Revenue

Taxation is one of the most important fiscal instruments which in many case is used to recover the economy performance of a country. It is the main budget revenue and its role in decreasing budget deficit is undisputed. The intensity of the instrument efficiency is depended although by the level of tax evasion in the country. At this point, knowing the level of tax evasion from one side is one of the most important topics that fiscal policy could work and from the other side improving the tax administration system is a purpose for public financial stability. The focus of the paper will be only on the value added tax (VAT) as the main tax revenue component in Albania with about 37 % of total tax revenue. In the absence of a comprehensive analysis between VAT that should have been paid by all taxpayers and real VAT collected, the divergence between them could be considered as VAT evasion, or known as VAT gap, which will be our objective measurement. Calculations will be based on the data from the national accounts (Supply-Use Tables), more concretely on the use side of the economy. All the variables of final demand are treated at a very detailed level specifying the VAT ratio by product and the threshold level for each component of final use. Estimations are done for year 2011 as the latest year where the Supply Use Tables are available for Albania.

scholarly journals Comparative analysis of the effect of tax evasion through tax havens

2021 ◽  
Vol 7 (3) ◽  
pp. 51-65
Author(s):  
Dejan Karavelić ◽  
Vladimir Todorović ◽  
Kristijan Ristić ◽  
Danijela Karić ◽  
Vesna Miletić
Keyword(s):  
Comparative Analysis ◽  
Tax Evasion ◽  
Income Tax ◽  
Corporate Income Tax ◽  
Personal Income Tax ◽  
State Budget ◽  
Tax System ◽  
Tax Havens ◽  
The Eu ◽  
Budget Revenue

By looking at the most famous tax havens today, we turn our attention to research that will show the real problems and impact of tax havens on tax evasion. For the mentioned research, we will use a comparative analysis in which the tax system of the EU countries and the countries of tax havens will be included. In all modern countries, personal and corporate income tax are one of the safest sources of state budget revenue. The most significant direct taxes are personal income tax (tax) and corporate income tax.

scholarly journals ECONOMIC AND LEGAL MECHANISM FOR COMBATING LEGALIZATION (LAUNDERING) OF INCOME RESULTING FROM TAX EVASION IN THE CONTEXT OF DEOFFSHORIZATION OF UKRAINE’S ECONOMY

2021 ◽  
Vol 5 (40) ◽  
pp. 497-505
Author(s):  
``````M. Blikhar ◽  
N. Ortynska ◽  
О. Dufeniuk ◽  
M. Vinichuk ◽  
О. Matviienko
Keyword(s):  
National Economy ◽  
Tax Evasion ◽  
Developed Countries ◽  
Jel Classification ◽  
Legal Analysis ◽  
State Budget ◽  
National Interests ◽  
Degree Of Protection ◽  
Criminal Offenses ◽  
Legal Mechanism

Abstract. Growing trends in the shadowing of the international and national economy contribute to the strengthening of legalization of income resulting from tax evasion, using offshore zones, which have favorable fiscal and monetary and financial regimes, with a high degree of protection of banking and trade secrecy, as well as loyalty to institutional regulation. In recent years, the problem of legalization (laundering) of income from tax evasion in offshore zones has become more acute, caused by the violation of Ukraine’s national interests due to the reduction of tax revenues to the state budget and the outflow of capital outside the country. The offshoring of the national economy has reached alarming proportions as the country, in a prolonged financial and economic crisis, chronic underfunding of sectors of the national economy and acute shortage of financial resources, invests in highly developed countries. Given this situation, the problem of studying the mechanism of counteraction to legalization (laundering) of income received as a result of tax evasion in offshore zones becomes especially relevant. The article identifies the features and prerequisites for the functioning of offshore zones, outlines the main problems of effective counteraction to legalization (laundering) of income received as a result of tax evasion in offshore zones. The research of the basic schemes and methods of legalization (laundering) of the incomes received as a result of tax evasion with use of offshore zones is carried out; the economic and legal analysis of normative and legislative maintenance in the field of counteraction to legalization (laundering) of the incomes received as a result of tax evasion, in offshore zones is performed; the dynamics of the number of criminal offenses in the field of tax evasion with the use of offshore zones is analyzed. Measures of the system of counteraction to legalization (laundering) of incomes received as a result of tax evasion through offshore zones are systematized and improvement of the economic and legal mechanism of counteraction to legalization (laundering) of the incomes received as a result of tax evasion through offshore zones is offered. Keywords: legalization (laundering) of income, tax evasion, economic and legal mechanism, offshore zones. JEL Classification H26, O17  Formulas: 0; fig.: 4; tabl.: 0; bibl.: 13.

scholarly journals International experience and priority directions of combating tax evasion, taxes and other mandatory payments in Ukraine

2020 ◽  
pp. 26-31
Author(s):  
Iryna LITVINOVA ◽  
Yurii SOLOMIANYI
Keyword(s):  
Tax Evasion ◽  
Developed Countries ◽  
Tax Administration ◽  
State Budget ◽  
Factors Affecting ◽  
Financial Responsibility ◽  
Minimum Income ◽  
Tax Legislation ◽  
Foreign Countries ◽  
Verification Process

Introduction. The paper analyzes the legislation of some foreign countries on liability for crimes in the field of taxation. Purpose. It is established that, in general, developed countries have built reliable systems of measures to ensure tax revenues to the state budget and apply effective mechanisms to prosecute for violating the requirements of tax legislation. Results. It is determined that the legislation of developed foreign countries provides for different types of liability for tax evasion as a consequence of anti-fiscal behavior of the taxpayer: civil, administrative and criminal. The main destabilizing factors affecting the effectiveness of tax control are: insufficient unification of domestic tax legislation with international; lack of comprehensive methods of assessment and systematic monitoring of control and verification work of tax authorities; imperfect methodological support of procedural issues of tax control, low level of its automation; lack of approaches to harmonization of relations between participants of the control and verification process; institutional distortions and distortions regarding the tax culture, discipline and consciousness of taxpayers due to the growth of the tax burden and transaction costs in the system of tax administration. Conclusions. Domestic tax control is characterized by a tendency to converge with European requirements, but the pace of reform of the tax administration system in Ukraine is too slow. It is suggested that to overcome the problem, it is necessary to introduce (for some types of violations) the dependence of the size of financial sanctions on the characteristics of the tax offense, its value in monetary terms, the presence or absence of intent to evade taxation and so on. Finally, abandon the link between the size of financial sanctions and the economically outdated value of the tax-free minimum income; to provide financial responsibility of legal entities for conducting accounting and tax accounting with violations (the current domestic legislation provides insignificant fines for bringing to administrative responsibility only officials of the taxpayer-legal entity).

scholarly journals PERANAN PAJAK UNTUK MENINGKATKAN KEMANDIRIAN ANGGARAN

2009 ◽  
Vol 10 (2) ◽  
pp. 154
Author(s):  
Joko Waluyo
Keyword(s):  
Central Government ◽  
Tax Revenue ◽  
Budget Deficits ◽  
Government Budget ◽  
State Budget ◽  
Revenue Sources ◽  
Tax Expenditure ◽  
Good Improvement ◽  
Budget Revenue

The main subject of this paper are the role of tax revenue to central government budget and how reforms it to increase tax revenue. Financing budget deficits represent one of cause of state budget become annoyed. Ratio tax - PDB ranging from 13 – 15 percent showing good improvement, although still not yet optimal. Ratio tax – revenue and tax - expenditure progressively mount which indication that important taxation role progressively in budget revenue sources. In year of the research showing by change of tax structure from oil tax become the non oil tax, and also from indirect tax become to the direct taxes. Role of direct taxes progressively mount in taxation structure. Tax effort indicator and elasticity of tax revenue indicate that the good imposition efficiency progressively. To increase tax revenue without giving distortion to economics require to be conducted by a taxation reform.

SOME FACTORS OF COMMUNICATION TOURISM TYPES AFFECT THE TRADITIONAL CULTURE OF ETHNIC MINORITIES IN THE CENTRAL HIGHLANDS

2020 ◽  
Vol 9 (1) ◽  
Author(s):  
Nguyen Duy Dung
Keyword(s):  
Economic Development ◽  
Cultural Values ◽  
Ethnic Groups ◽  
Ethnic Minorities ◽  
Cultural Preservation ◽  
Economic Sectors ◽  
Community Tourism ◽  
Tourism Activity ◽  
Central Highlands ◽  
Practical Implications

The Central Highlands is an area with a large community of ethnic minorities to be living. In the process of integration into the world economy, community tourism are one of the economic sectors that are interested in developing in our country in general and the Central Highlands area in particular.Although the activity has not been long, but it can be said that tourism and community tourism are the basis and premise to contribute to the socio-economic development of the Central Highlands; contribute to restoring many traditional cultural values of ethnic groups. For a variety of subjective and objective reasons, tourism activity and community tourism have affected ethnic lifestyles, customs and culture in both positive and limited ways. This is an issue that needs to be considered for research, with practical implications for sustainable tourism activities to create momentum for economic development and cultural preservation of ethnic groups in the Central Highlands area in the period of accelerating industrialization, nationalization and international economic integration.

ENSURING EFFECTIVE ACTIVITY OF TAX ADMINISTRATION -AN IMPORTANT FACTOR FOR INCREASING TAX ACCOUNTABILITY

2020 ◽  
Vol 8 (3) ◽  
pp. 40-48
Author(s):  
Uguloy Berdiyeva ◽  
Keyword(s):  
Tax Evasion ◽  
The State ◽  
Tax Administration ◽  
Tax Collection ◽  
State Budget ◽  
Effective Activity

The article discusses the issues of increasing the level of tax collection on the basis of improving tax administration, ensuring the full payment of taxes and fees to the state budget, reducing the likelihood of tax evasion.

Program-Target Budgeting as a Tool for Investment Stimulation of Business

2018 ◽  
Vol 11 (3) ◽  
pp. 77-82 ◽  
Author(s):  
A. I. Masterov
Keyword(s):  
Current Practice ◽  
Negative Impact ◽  
Key Factors ◽  
Economic Sectors ◽  
State Budget ◽  
Research Findings ◽  
The Subject ◽  
Program Budgeting ◽  
Large Investment ◽  
Stimulation Of

The paper discusses the use of the program-targeted budgeting methodology in the investment stimulation of business in the most problem sectors of the economy. The subject of the study is the dynamics of business activity in key economic sectors adversely affected by factors of the economic and geopolitical nature. The purposes of the study were to identify the key factors that have a negative impact on economic growth and seek options for investment stimulation of business activities in the most problem sectors of the economy using state budget funds. It is concluded that the current practice of budget investment is associated with significant risks and poor justification of investment decisions. Therefore, the American practice of the program budgeting in the implementation of large investment infrastructure projects using budget funds seems to be advantageous. Based on the research findings, methods for increasing the effectiveness of program-target budgeting tools under the Russian conditions are proposed.

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