scholarly journals Tax policy and effects of taxation in the Republic of Serbia

2020 ◽  
Vol 9 (17) ◽  
pp. 14-27
Author(s):  
Nemanja Gogić
Keyword(s):  
Tax Evasion ◽  
Tax Policy ◽  
Trade Deficit ◽  
Developed Countries ◽  
Public Expenditures ◽  
The European Union ◽  
Modern Economy ◽  
The Republic ◽  
Public Revenues ◽  
Research Show

In the previous period, tax policy was the topic of analysis and discussion in the wider scientific and professional public. The effects of taxation can be diametrically opposed to the objectives of taxation. The modern economy sees tax policy as the basic lever for the development of stabilization and social policy. The operation of public revenues and public expenditures, as well as public debt, have become the most powerful form of state interventionism. In developing countries, the most dominant taxes for collecting public revenues are direct taxes, while in more economically developed countries, indirect taxes are the most dominant. The aim of the research is to point out to the scientific and professional public the importance of tax policies and their effects on the economic development of the Republic of Serbia. The results of the research show that with a successful tax policy we can alleviate the macroeconomic imbalance, i.e. it would reduce the foreign trade deficit, reduce tax evasion and the gray economy. The tax system has changed significantly in the last decade, but not enough, all because of the harmonization of tax policy with the European Union.

scholarly journals Economic analysis of public revenues and expenditures in the countries of the European Union

2021 ◽  
Vol 10 (19) ◽  
pp. 15-23
Author(s):  
Biljana Ivanova ◽  
Milan Mihajlović ◽  
Miloš Miljković
Keyword(s):  
Public Expenditures ◽  
Budget Deficits ◽  
The European Union ◽  
Negative Consequences ◽  
Eu Member States ◽  
The Past ◽  
The Subject ◽  
Spss Software ◽  
The Republic ◽  
Public Revenues

Modern states are faced with significant budget deficits and public debts. The long-standing negative trend of these categories can create significant negative consequences. All countries strives to rationalize expenditures and increase revenues without distraction the functioning of the economy. The subject of this paper is to create models of forecasting public revenues and public expenditures based on the same in previous years. The analysis includes all EU Member States and the values of public revenues and expenditures over the past ten years. The SPSS software package was used for data analysis and the conclusions were drawn from the obtained results. The importance of the analysis is reflected in the practical foundation of the pre-set theoretical views, which will have their foundation also in the results of the analysis, which will be statistically significant. The resulting model does not have its limitation of application and can be applied to the Republic of Serbia.

scholarly journals Measuring Entrepreneurial Orientation of University Employees in Developing Countries Using the ENTRE-U Scale

2020 ◽  
Vol 12 (21) ◽  
pp. 8911 ◽  
Author(s):  
Jovana Tatarski ◽  
Sandra Brkanlić ◽  
Javier Sanchez Garcia ◽  
Edgar Breso Esteve ◽  
Ivana Brkić ◽  
...  
Keyword(s):  
European Union ◽  
Developing Countries ◽  
Entrepreneurial Orientation ◽  
Developed Countries ◽  
The European Union ◽  
University Employees ◽  
Eu Countries ◽  
Eu Member States ◽  
The Difference ◽  
The Republic

This research examines the difference in the level of entrepreneurial orientation among university employees within the European Union compared to university employees in non-EU countries. The EU Member States included in the research are the Republic of Slovenia and the Republic of Croatia, and the non-EU countries include the Republic of Serbia, the Republic of Montenegro, the Republic of Bosnia and Herzegovina, and the Republic of Northern Macedonia. In the sample of 1474 respondents, the ENTRE-U scale was used to measure the entrepreneurial orientation of universities, and multivariate analysis of MANOVA variance was used for data processing. The ENTRE-U scale has proven applicable not only to developed countries but also developing countries. Moreover, it proved that being a member of the European Union in this part of Eastern Europe does not significantly affect the entrepreneurial orientation of universities.

scholarly journals Medicines policy and drug company investments: the Irish experience

2009 ◽  
Vol 33 (2) ◽  
pp. 295
Author(s):  
Hans Lofgren
Keyword(s):  
National Policy ◽  
Developed Countries ◽  
Regulatory Agencies ◽  
The European Union ◽  
Drug Companies ◽  
Major Cluster ◽  
The Usa ◽  
The Republic ◽  
Industry Policy ◽  
The Developed Countries

THIS BOOK IS ABOUT MANIFESTATIONS of power in medicines and pharmaceutical industry policy. The main focus is on the Republic of Ireland but there are chapters also on drug regulation in Canada, Britain and Australia. The multinational pharma companies loom larger in Ireland than in most other countries; several chapters detail the implications for this small country of the presence of a major cluster of global drug companies. Globalisation is the hallmark of the drug sector; innovation and production occur within international networks which are mirrored by interaction between regulatory agencies which operate similar systems of control and monitoring. Since the 1990s, many aspects of product safety regulation have been standardised across the developed countries through the International Conference on Harmonization (ICH) process, sponsored by the regulatory agencies and industry associations of the USA, the European Union and Japan. While orchestrating vast scientific, economic and technological resources, the big pharma companies participate as insiders in national policy processes, such as those described in this book. Firms typically affirm a commitment to the health and economic concerns of the local jurisdiction ? however governments cannot help but be sensitive to their global reach and power to choose where to invest.

scholarly journals DEVELOPMENT OF BANK ASSURANCE IN THE REPUBLIC OF MACEDONIA

2019 ◽  
Vol 30 (1) ◽  
pp. 93-98
Author(s):  
Nikola Dacev
Keyword(s):  
European Union ◽  
New Technologies ◽  
Distribution Channel ◽  
Developed Countries ◽  
The European Union ◽  
Member States ◽  
Insurance Supervision ◽  
Republic Of Macedonia ◽  
The Law ◽  
The Republic

Banking has gained a new dimension throughout the world in the last few decades due to the integration of global financial markets, the development of new technologies, the universalization of banking operations and diversification into non-banking activities. The merging of various financial services has provided synergies in the banks' operations and development of new concepts. One of these concepts is bank insurance (or banc assurance). Banc assurance, as an emerging distribution channel of insurance, essentially is defined as mediation of banks in the sale of insurance policies issued by insurance companies that are most often used as additional collateral for banks when giving loans to their clients, while the clients with the purchase of credit insurance through banks are secure in case of inability to pay off the loan due to occurrence of the insured risk, whereby the insurer covers the remaining debt of the client towards the bank. Banc assurance is much more developed in Western European countries, but in recent years this type of insurance has noted a trend of growth in the less developed countries also. Banks in the Republic of Macedonia, as well as banks in other countries in the region, try to encourage the development of banc assurance, but it still has a low level of growth in comparison with the European Union member states. This paper presents the level of development of banc assurance as well as its share in the insurance market in the Republic of Macedonia by analyzing the annual reports of the Insurance Supervision Agency of the Republic of Macedonia for the past few years. Consequently, an appropriate comparison was made between the realized values of the gross written premium of the banks as intermediaries in insurance with the realized values of the gross written premium of the other insurance intermediaries (insurance brokerage companies and insurance agencies); and a brief comparison was made with the share of banc assurance in the insurance markets in several countries in the region. The purpose of the paper is to determine the reasons for the situation in which the banc assurance in the Republic of Macedonia is, to analyze the need and the possibility for its development, as well as to determine the manners for banc assurance to reach the level of development in the member states of the European Union as soon as possible. For this purpose, an adequate analysis of the level of implementation of the European Directives for banc assurance (such as the Directive on Insurance Mediation and the Directive on Insurance Distribution) in the legal framework of the Republic of Macedonia has been carried out, as well as analysis of the national legislation regulating banc assurance in the Republic of Macedonia, covered in couple of provisions in the Law on Banks and the Law on Insurance Supervision.

Power in International Tax Politics

2020 ◽  
pp. 25-48
Author(s):  
Lukas Hakelberg
Keyword(s):  
Tax Evasion ◽  
Tax Policy ◽  
Domestic Politics ◽  
Good Governance ◽  
The United States ◽  
The European Union ◽  
Administrative Authority ◽  
The Us ◽  
Regulatory Capacity ◽  
International Tax

This chapter develops a theory of power in international tax politics. This theory identifies market size and regulatory capacity as the decisive resources enabling governments to issue credible threats and inducements with a view toward making other governments do what they would not otherwise do. A lack of regulatory capacity explains why the European Union has not wielded the same power in negotiations over global tax policy as the United States despite the EU's similarly sized internal market. In fact, taxation remains an exclusive member state competence. Therefore, the European Commission has no administrative authority to impose penalties on third states or foreign firms not complying with tax good governance standards applicable within the union. At the same time, the principle of nondiscrimination enshrined in EU law prevents individual EU countries from passing sanctions against other member states abetting tax evasion and avoidance. Because of the lack of regulatory centralization in the EU, the US can act as a hegemon in international tax politics. Accordingly, US preferences determined by domestic politics decisively shape the content of global tax policy. The preferences of other governments merely affect the US administration's enforcement strategy.

scholarly journals A koreai köztársaság kereskedelmi politikája és a koreu szabadkereskedelmi megállapodás

2020 ◽  
Vol 144 (3) ◽  
pp. 274-293
Keyword(s):  
Trade Liberalization ◽  
Free Trade ◽  
Asian American ◽  
Trade Deficit ◽  
Trade Agreement ◽  
Republic Of Korea ◽  
The European Union ◽  
The World ◽  
The Republic ◽  
The Eu

The Republic of Korea (South Korea) is one of the typical, newly-industrialised economies of Asia (ANIEs) that has undergone spectacular economic and social development over the last half century. Since the 1960s it has developed gradually and has become one of the most advanced nations of the world. As a result of the stalemate of the Doha-round, and of the financial and economic crisis in 2008–2009, a new trend seems to have emerged in the field of trade liberalization in the world. Instead of striving for a comprehensive, multilateral framework, a growing number of “new generation” free trade agreements have been emerging that are concluded on a bilateral level or among a few countries. The Republic of Korea joined this trend in 2008. Since then it has concluded a number of FTAs with Asian, American, European and other partners including the USA and the European Union, and it still has a number of draft agreements under negotiation. The EU-Korea FTA (KOREU) entered into force on 1 July 2011, marking a new era in EU-Korea trade relations. It is the most comprehensive free trade agreement ever concluded by the EU, and the first with a partner country in Asia. Since it came into force, import duties have been eliminated on nearly all products (98.7 % of duties within five years), which resulted in a far-reaching trade liberalization in services as well. Since 2011 the European Union’s exports to Korea have been growing, and the former trade deficit in the EU-Korea relations has shifted to European surplus in the balance of trade. This can be seen as an advantage for the EU, but it also reflects the vulnerability of the Korean economy’s competitiveness.

scholarly journals The Influence of D. Trump’s Policy on International Trade

2019 ◽  
pp. 65-82 ◽  
Author(s):  
K. O. Chudinova
Keyword(s):  
United States ◽  
International Trade ◽  
Trade Deficit ◽  
Developed Countries ◽  
The United States ◽  
The European Union ◽  
Trade Relations ◽  
Free Competition ◽  
The Us ◽  
Trade War

The increasing level of tension in the trade relations between the United States and other countries, especially China; the potential escalation of trade wars, when countries take more and more explicit retaliatory protectionist measures, becomes a sustainability risk to development of international trade. The US actions taken in 2018–2019 to protect the internal market turned into into a full-fledged trade war, directed primarily against China - the country the United States has the largest trade deficit with. The introduction of the US tariff restrictions on imports from China and several other countries has caused retaliatory measures, as a result the uncertainty of the prospects for international trade increases. Non-tariff measures, such as phytosanitary requirements and technical barriers to trade, have also seen an increase in restrictions.An important source of controversy is the different positions of countries regarding the permissible degree of state support for enterprises. Developed countries, especially the United States, Japan, and the countries of the European Union, have fairly rigidly regulated rules regarding free competition. A cause for great concern is not only the US trade war with China and its consequences for other countries, but also the problems of international trade regulation.

scholarly journals Development of tax control in the context of digitalization of the economy

2021 ◽  
Vol 17 (4) ◽  
pp. 103-110
Author(s):  
L. V. Reunova ◽  
L. A. Mamiek ◽  
L. V. Prigoda ◽  
T. A. Paladova
Keyword(s):  
Tax Evasion ◽  
Positive Impact ◽  
Digital Technologies ◽  
Main Tool ◽  
Control Activity ◽  
Modern Economy ◽  
The Republic ◽  
Business Entities ◽  
Control Work ◽  
The Impact

Tax control is the main fiscal and regulatory tool of the modern economy, and digital technologies, in turn, are the main tool of tax control. The article considers the impact of digitalization processes occurring in the modern economy on tax control procedures. Modernization of tax processes is explained by the active use of the latest digital technologies in tax administration in the form of various tools in order to minimize tax risks from tax evasion of legal entities and individuals. As an example, a comparative analysis of the indicators of the control work of the Departments of the Federal Tax Service of Russia for the Republic of Adygea and the Krasnodar Territory for 2017-2019 has been carried out and conclusions drawn as to how the effectiveness of tax audits has changed in connection with the expansion of the informatization of the tax service. It has also been concluded that improving the efficiency of in-office inspections based on the introduction of new modern technologies can be called a promising direction of the control activity of the tax service, especially since in-office inspections are carried out permanently with almost complete quantitative coverage of all business entities. To make informed management decisions at different levels of management, a comprehensive comparative assessment of the effectiveness of the control work of tax authorities is necessary. In general, it has been noted that the development of digitalization has a positive impact on the effectiveness of tax control and allows moving away from conducting direct tax audits to creating incentives for taxpayers to voluntarily pay taxes and clarify their tax obligations. In addition, digitalization eliminates such a competitive advantage in the market as the tax component, and leads to more favorable conditions for the implementation of business activities and the growth of the state economy.

scholarly journals Implications of the COVID-19 pandemic on tax revenues level in the Republic of Serbia

2021 ◽  
Vol 14 (1) ◽  
pp. 68-86
Author(s):  
Branimir Kalaš
Keyword(s):  
Value Added ◽  
Public Expenditures ◽  
Tax Structure ◽  
Negative Effects ◽  
Average Growth ◽  
Tax Revenues ◽  
The World ◽  
The Subject ◽  
The Republic ◽  
Public Revenues

The issue of achieved tax revenues in important for every country, especially today in the conditions of the current COVID-19 pandemic. The negative effects of coronavirus are reflected in increased health and economic risk which is manifested in the deterioration of the macroeconomic framework in the world. The aim of this paper is to point out the importance of tax revenues that they have in the tax structure, especially in crisis situations. The subject of the paper includes the analysis of monthly trend of tax revenues in the Republic of Serbia for the period January-October 2020. The results of the analysis indicate that average tax revenues were 2.21% during the observed period. Although a deficit of 34.484 million dinars was recorded in the first ten months, it is positive that public revenues average increased by 2.47% which is slightly higher than the average growth of public expenditures of 1.68%. Since value added tax and excises are the most important tax forms in the structure of the Republic of Serbia, policymakers should focus on stimulating consumption in order to produce positive implications for generating revenues.

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