scholarly journals Financial Frictions and Firm Informality

2020 ◽  
Vol 20 (211) ◽  
Author(s):  
Luis Franjo ◽  
Nathalie Pouokam ◽  
Francesco Turino
Keyword(s):  
Informal Economy ◽  
Tax Evasion ◽  
Occupational Choice ◽  
Financial Frictions ◽  
Financial Deepening ◽  
The One ◽  
High Level ◽  
The Impact ◽  
Progressive Income Taxation ◽  
Different Levels

In this paper we build a model of occupational choice with informal production and progressive income taxation. We calibrate the model to the Brazilian economy to evaluate the impact of removing financial frictions on informality. We find that financial deepening leads to a drop in the size of the informal sector (from 37 percent to 22 percent of official GDP), to an increase in measured TFP (by 4 percent), to an increase in official GDP (by 27 percent), to a decrease in tax evasion (by 17 percent) and to an increase in fiscal revenues (by 15 percent). When assessing the response of this policy at different levels of financial development, we find a non-linear relationship between the credit-to-GDP ratio on the one hand, and either the size of the informal economy, or GDP per capita on the other hand. We test these features with cross-country data and find evidence in favor of both types of non-linearity. We also investigate changes in the income tax progressitivity as an alternative policy and find it to be more effective in countries with a medium to high level of financial markets development.

scholarly journals Thoughts Unlocked by Technology—a Survey in Germany About Brain-Computer Interfaces

NanoEthics ◽  
2021 ◽  
Author(s):  
J. R. Schmid ◽  
O. Friedrich ◽  
S. Kessner ◽  
R. J. Jox
Keyword(s):  
Online Survey ◽  
Brain Activity ◽  
Disruptive Technology ◽  
Human Machine Interaction ◽  
Initial Development ◽  
Wide Range ◽  
Classic Form ◽  
The One ◽  
High Level ◽  
The Impact

AbstractA brain-computer interface (BCI) is a rapidly evolving neurotechnology connecting the human brain with a computer. In its classic form, brain activity is recorded and used to control external devices like protheses or wheelchairs. Thus, BCI users act with the power of their thoughts. While the initial development has focused on medical uses of BCIs, non-medical applications have recently been gaining more attention, for example in automobiles, airplanes, and the entertainment context. However, the attitudes of the general public towards BCIs have hardly been explored. Among the general population in Germany aged 18–65 years, a representative online survey with 20 items was conducted in summer 2018 (n = 1000) and analysed by descriptive statistics. The survey assessed: affinity for technology; previous knowledge and experience concerning BCIs; the attitude towards ethical, social and legal implications of BCI use and demographic information. Our results indicate that BCIs are a unique and puzzling way of human–machine interaction. The findings reveal a positive view and high level of trust in BCIs on the one hand but on the other hand a wide range of ethical and anthropological concerns. Agency and responsibility were clearly attributed to the BCI user. The participants’ opinions were divided regarding the impact BCIs have on humankind. In summary, a high level of ambivalence regarding BCIs was found. We suggest better information of the public and the promotion of public deliberation about BCIs in order to ensure responsible development and application of this potentially disruptive technology.

scholarly journals Scale of Tax Frauds as A Threat to the State's Financial Security

2021 ◽  
Vol 18 ◽  
pp. 190-198
Author(s):  
Monika Pasternak-Malicka
Keyword(s):  
Informal Economy ◽  
Tax Evasion ◽  
Statistical Data ◽  
Direct Method ◽  
Basic Element ◽  
The State ◽  
Tax Law ◽  
Linear Regression Method ◽  
The Impact ◽  
The Relationship

The objective of the paper is an attempt to assess the impact of the scale of tax frauds on thefinancial security of the state. In the paper one tried to assess the relationship between the level ofinformal economy and the fiscal income of the state, but also, based on the survey research, to indicatewhether unethical attitudes of taxpayers meet with social consent and constitute an incentive to bypassthe tax law. Methodology: Achieving the goal required the use of descriptive and statistical methods,in particular the linear regression method. The direct method - questionnaire was also applied. Results:In the paper the essence of the informal economy in the years 1994-2018, as well as the ethicaldeterminants of tax evasion in the light of the author's own research from 2007-2020 were discussed.Based on statistical data, an attempt was made to assess the impact of the informal economy,understood as evasion of fiscal obligations, on tax revenues in Poland, based on the linear regressionmethod. The scope of the phenomenon of tax pathology as the basic element of the shadow economyand its impact on the level of tax income seems to be confirmed by the relationship shown by themethod of estimating the expected value - variable, which showed that the shadow economy,calculated according to F. Schneider's estimates, was a factor in 94% determining the level of taxrevenues in the years 2000-2017.

Future trends and Italian SMEs

2020 ◽  
pp. 52-59
Author(s):  
Corinne Celant ◽  
◽  
◽  
Irina V. Pustokhina
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Domestic Market ◽  
Structural Level ◽  
Competitive Advantages ◽  
Foreign Markets ◽  
Doing Business ◽  
The One ◽  
High Level ◽  
The Impact

The stagnation of the domestic market has brought the majority of the small and medium-sized enterprises (SME) to their knees, leading them to reinvent their way of doing business and find new strategies in order to survive and grow when the environmental conditions are deeply changing. On the one hand, new trends create a strong disruption on a structural level among the productive fabrics, but on the other hand, they represent also an opportunity, which opens new scenarios and new possibilities for the relaunch of SMEs. Among the most important challenges for Italian SMEs is internationalization, which is the possibility for enterprises to trade their goods not only on the domestic market but also on the foreign markets trying to find new opportunities to obtain some advantages. This is a very complicated process, traumatic and challenging in term of resources, but the possibility to have a genetic patrimony and a productive value, as the ones of the “Made in Italy, gives to the products of Italian enterprises a high level of competition and strong differentiation, making this process more accessible. The growth and competitiveness of enterprises, in particular SMEs, increasingly depend on the ability to apply new knowledge, working methods, and technologies as well as on the opportunity to participate in the commercialization of research developments in order to create new products, services or processes. Therefore, companies should strive to benefit from the opportunities and competitive advantages that innovation brings. SMEs play an important role in economic growth and provide most of the new jobs in Italy. Within the framework of this paper, the insight into the SMEs internationalization process is presented. The article provides an analysis of SMEs in the process of internationalization. Besides it concentrates on the new threats and opportunities represented by the new industrial revolution - Industry 4.0. Analyzing the impact of Industry 4.0 on the internationalization of Italian SMEs, the authors explain the solutions that are being used and the ones that should be taken.

Evaluating the ‘New Policing’: Attacking the Money Trail of Organized Crime

1997 ◽  
Vol 30 (1) ◽  
pp. 1-25 ◽  
Author(s):  
Michael Levi
Keyword(s):  
Organized Crime ◽  
Community Orientation ◽  
Security Service ◽  
The Social ◽  
The Us ◽  
Technological Developments ◽  
The One ◽  
The Uk ◽  
High Level ◽  
The Impact

After examining the growth of concern about organized crime, the article critically reviews the arguments advanced for focusing on the money trail as a strategy for combating it, suggesting that the amount of money laundered may be considerably less than that commonly assumed. It goes on to contrast the powerful imagery of ‘the new policing’ with the modesty of the impact of these measures on convictions and confiscated assets in Britain and Australia, and attempts to account for the low yield there compared with the US in terms of greater American concentration on financial and professional intermediaries and more draconian legislation. After discussing the debate over the involvement of the UK Security Service (MI5) in the ‘war against organized crime’ and technological developments in laundering detection, the article examines the tensions, (a) between high level policing on the one hand, and devolved police budgeting and community orientation on the other; and (b) in the attempt to regulate the social conscience of finance capital without making it impossible for them to make a profit.

scholarly journals Current State of Research on the Interaction of Theory on Tax Evasion and the Developments in the Field of Digital Tax Administration

2021 ◽  
Vol 1 (1) ◽  
pp. 95-110
Author(s):  
Tina Krieger
Keyword(s):  
Tax Evasion ◽  
Research Question ◽  
Tax Compliance ◽  
Fundamental Principle ◽  
Tax Administration ◽  
Starting Point ◽  
The Rich ◽  
State Of Research ◽  
The One ◽  
The Impact

Fairness in the sense of tax equality is a fundamental principle in modern tax systems, which needs to be protected for various reasons. This has become challenging for tax administrations – particularly in the digital age. On the one hand, digitalisation entails the danger of tax evasion and avoidance, but if used properly by the tax authorities, it may as well be a chance for more tax transparency. By surveying the existing literature on tax compliance in the context of digitalisation, this paper represents a first attempt to merge the rich research already done on the theory of tax evasion with the insights gained from the digitalisation efforts of tax administrations. The objective of this paper is to provide a solid starting point for further research in the area of digitalisation and fair taxation, addressing the research question: “How can digitalisation of the tax administrations contribute to fair taxation?” From the literature research, it became clear that there is no publication of a theoretical nature that systematically deals with the impact of the digitalisation of the tax administration on the objectives of fair taxation. However, our research revealed numerous literary references that provide a valuable starting point to unite the research streams and bridge the research gap identified.

scholarly journals The Impact of Electronic Taxation on Tax Auditing: The Case of Turkey

2017 ◽  
Author(s):  
Tuğçe Uzun Kocamış ◽  
H. Muhammet Kekeç
Keyword(s):  
Information Technology ◽  
Informal Economy ◽  
Tax Evasion ◽  
Information Technologies ◽  
Internet Technology ◽  
Commercial Activities ◽  
The World ◽  
Tax Audit ◽  
The Impact

The advances in information and information technology provide companies with both speed and optimal benefit by using the internet intensively for every stage of their commercial activities and for all kinds of transactions. In order to reduce tax losses, it is necessary to utilize information technologies to develop new audit methods and techniques and to follow new practices in the world. It has become compulsory for public institutions to keep pace with the evolving information technology and to form the necessary information infrastructure. E-applications prevent tax evasion and ensure tax incomes of countries not only to increase the quality of public service but also increase the taxpayer's transaction speed. With the transfer of taxpayers to electronic book and electronic document in order to conduct an effective tax audit and to obtain tax revenue studies on the establishment of a structure that is effective, fast working and using computer technologies well in the struggle with the informal economy are carried out by the tax administration. In our work, electronic tax applications and tax audit in Turkey are explained under general headings and the process of transition to electronic tax audit is taken as basis on the basis of applications in the world. As a result, the contribution of computer and internet technology to the effectiveness of tax audit is an unquestionable reality.

scholarly journals Specific immunological areactivity formation during gestation period in pregnant sows

2020 ◽  
Vol 210 ◽  
pp. 06002
Author(s):  
Alexander Agarkov ◽  
Anatoly Dmitriev ◽  
Andrey Kvochko ◽  
Elena Grudeva ◽  
Nikolay Agarkov ◽  
...  
Keyword(s):  
Intrauterine Infection ◽  
The Body ◽  
Functional Reserves ◽  
Increased Sensitivity ◽  
The One ◽  
High Level ◽  
Chronic Carrier ◽  
Fetal Antigens ◽  
Different Levels ◽  
Increased Susceptibility

Changes in immunological reactivity to viral and bacterial antigens may cause increased susceptibility to infectious diseases. Different levels of this condition in newborn and adult animal organisms should be based on the fact that the fetus and newborn after birth first comes into contact with the antigen, while the adult body already has partial sensitization. Chronic carrier of pathogens in animals and their influence on the spread of the infectious process is an urgent problem of modern veterinary medicine. The possibility of vaccination in newborns is limited by the presence of maternal antibodies that have an immunosuppressive effect. A high level of functional reserves of the pregnant body is important in the prevention of intrauterine infection. On the one hand, infection in the prenatal period of development affects the processes of growth and development of the fetus, on the other hand, during this period, the mother's body is isoimmunized by fetal antigens, accompanied by increased sensitivity of the body with the predominant manifestation of cellular phenomena in the absence of enhanced antibody synthesis.

The impact of the scope of technological search on path-dependence in export specialization: evidence for European countries

2019 ◽  
Vol 28 (6) ◽  
pp. 1611-1635 ◽  
Author(s):  
Andreas Reinstaller ◽  
Peter Reschenhofer
Keyword(s):  
Path Dependence ◽  
Positive Impact ◽  
Path Dependency ◽  
Product Lines ◽  
Technological Search ◽  
Path Dependent ◽  
The One ◽  
The Impact ◽  
Export Specialization ◽  
Different Levels

Abstract This paper examines how product relatedness and the breadth of technological search affect the path-dependent development of export specializations across countries documented in prior research. The results of the econometric analysis in this paper show that broader technological search in an industry has a positive impact on the development of comparative advantages in the product lines it exports. The interplay between product relatedness and the scope of technological search has a two-edged character. On the one hand, broader technological search supports adjustments and consolidations of the export baskets on the extensive margin. This contributes to weaken path-dependency. On the other hand, it fosters the competitiveness of products that are related to current export specializations, and thereby promotes path-dependency on the intensive margin of trade. These results differ across countries with different levels of technological capabilities.

scholarly journals SHADOW EMPLOYMENT IN EASTERN EUROPE: PRACTICAL ASPECTS OF EVALUATION AND COUNTERACTION

2019 ◽  
Vol 20 (0) ◽  
pp. 485-491
Author(s):  
Marta Kopytko ◽  
Anna Pazieieva ◽  
Andrii Khorosheniuk ◽  
Mykhailo Matviienko ◽  
Мariya Vinichuk
Keyword(s):  
Labor Market ◽  
Eastern Europe ◽  
Informal Economy ◽  
Tax Evasion ◽  
Standard Of Living ◽  
Alternative Methods ◽  
Economic Systems ◽  
Strategic Control ◽  
Labor Migrants ◽  
The Impact

The paper outlines the main problems of shadowing of the labor market in Eastern Europe on the example of Ukraine and explores the factors that have a direct impact on them. A comparative analysis of the most widespread methods of tax evasion in Ukraine has been conducted. Using the software package MS Excel and CurveExpert 5.0, a study was made of the dynamics of the population employed in the informal economy during the period from 2001 to 2018; the impact of the level of labor market shadowing on the standard of living of the population of Ukraine, as well as the dynamics of the volume of remittances of labor migrants to Ukraine. The level of employment of the population in the informal sector of the economy is analyzed. It is proposed one of the alternative methods of economical and mathematical nature, with the help of which it is possible to conduct researches of the imbalance of economic systems, the construction of a mathematical model of balance on the basis of modeling of a small group using the graph theory, which will enable to carry out tactical and strategic control over the interaction of the main categories of the population in the labor market.

scholarly journals Analysis of the Impact of the Stylometric Characteristics of Different Levels for the Verification of Authors of the Prose

2021 ◽  
Vol 28 (3) ◽  
pp. 260-279
Author(s):  
Alla Mikhajlovna Manakhova ◽  
Nadezhda Stanislavovna Lagutina
Keyword(s):  
Detailed Analysis ◽  
Large Volume ◽  
Structural Characteristics ◽  
Literary Texts ◽  
Low Level ◽  
Adaboost Classifier ◽  
High Level ◽  
The Impact ◽  
Different Levels

This article is dedicated to the analysis of various stylometric characteristics combinations of different levels for the quality of verification of authorship of Russian, English and French prose texts. The research was carried out for both low-level stylometric characteristics based on words and symbols and higher-level structural characteristics.All stylometric characteristics were calculated automatically with the help of the ProseRhythmDetector program. This approach gave a possibility to analyze the works of a large volume and of many writers at the same time. During the work, vectors of stylometric characteristics of the level of symbols, words and structure were compared to each text. During the experiments, the sets of parameters of these three levels were combined with each other in all possible ways. The resulting vectors of stylometric characteristics were applied to the input of various classifiers to perform verification and identify the most appropriate classifier for solving the problem. The best results were obtained with the help of the AdaBoost classifier. The average F-score for all languages turned out to be more than 92 %. Detailed assessments of the quality of verification are given and analyzed for each author. Use of high-level stylometric characteristics, in particular, frequency of using N-grams of POS tags, offers the prospect of a more detailed analysis of the style of one or another author. The results of the experiments show that when the characteristics of the structure level are combined with the characteristics of the level of words and / or symbols, the most accurate results of verification of authorship for literary texts in Russian, English and French are obtained. Additionally, the authors were able to conclude about a different degree of impact of stylometric characteristics for the quality of verification of authorship for different languages.

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