Latvia with the second most competitive tax system in OECD

Riga, Latvia (Hans Permana, CC BY-NC)

Majority of Bulgarian employers will raise salaries in 2019

Poland: the tax-evading segment shrunk in 2017

Latvia

Latvia has the second most competitive tax system among members of the Organization for Economic Cooperation and Development (OECD) — the Leta agency informs. The information comes from the latest International Tax Competitiveness Index, released by the American think tank Tax Foundation. The country with the most competitive tax system is Estonia (for the fifth time in a row) which scored 100 points. Latvia follows with 86 points.

“Assessing by category, Latvia ranked the second in the corporate tax, the 27th among 35 OECD members in the consumer tax, the 6th in the property tax, the second in the individual taxes, and the fifth in international taxes,” writes Leta.

The third most competitive tax system among OECD members is in New Zealand.

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Bulgaria

Novinite.com reports results of a survey done by the Association of Industrial Capital in Bulgaria (AICB). More than 60 per cent of Bulgarian employers plan to increase the salaries of their staff in 2019. 40 per cent of them expect to recruit new employees next year. At the same time, the proportion of firms planning to reduce their employees increases up to 9 per cent.

In 2017, 45 per cent of companies said they would increase their headcount and 5 per cent declared they would decrease it.  

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Poland

The data from the Statistics Poland and from the United Nations Global Compact Network shows that Poland is successfully reducing the shadow economy. As the Polish Radio reports, in 2017 the government “had boosted its annual revenues by about PLN20bn (EUR4.76bn). According to the Statistics Poland in 2017 about 880,000 people worked at least once in the tax-evading, unregistered segment of the country’s economy (like gardening or agriculture).

In December 2017, the United Nations Global Compact Network pointed out that the tax-evading segment had shrunk by 1 per cent in Poland.

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What’s up in indexes

BET (of Bucharest) decreased from 8,641.52 index points Tuesday, October 23rd to 8,621.69 index points Wednesday, October 24th. It’ down 0.23 per cent d/d and up 9.26 per cent y/y.

BUX (of Budapest) decreased from 37,185.93 index points Friday, October 19th to 36,452.74 index points Wednesday, October 24th. It’s down 1.97 per cent d/d and down 7.51 per cent y/y.

CROBEX (of Zagreb) decreased from 1,785.90 index points Tuesday, October 23rd to 1,782.68 index points Wednesday, October 24th. It’s down 0.18 per cent d/d and down 3.04 per cent y/y.

OMXR (of Riga) increased from 941.29 index points Tuesday, October 23rd to 942.66 index points Wednesday, October 24th. It’s up 0.15 per cent d/d and down 7.62 per cent y/y.

OMXT (of Tallinn) decreased from 1,210.35 index points Tuesday, October 23rd to 1,207.65 index points Wednesday, October 24th. It’s down 0.22 per cent d/d and down 1.57 per cent y/y.

OMXV (of Vilnius) decreased from 664.06 index points Tuesday, October 23rd to 661.85 index points Wednesday, October 24th. It’s down 0.33 per cent d/d and up 0.94 per cent y/y.

PX (of Prague) increased from 1,060.20 index points Tuesday, October 23rd to 1,062.16 index points Wednesday, October 24th. It’s up 0.18 per cent d/d up 1.02 per cent y/y.

SAX (of Bratislava) increased from 334.16 index points Tuesday, October 23rd to 335.87 index points Wednesday, October 24th. It’s up 0.51 per cent d/d and up 4.19 per cent y/y.

SOFIX (of Sofia) increased from 597.06 index points Tuesday, October 23rd to 600.14 index points Wednesday, October 24th. It’s up 0.52 per cent d/d and down 8.03 per cent y/y.

UX (of Kyiv) increased from 1,723.98 index points Tuesday, October 23rd to 1,724.62 index points Wednesday, October 24th. It’s up 0.04 per cent d/d and up 38.80 per cent y/y.

WIG20 (of Warsaw) decreased from 2,147.81 index points Tuesday, October 23rd to 2,144.40 index points Wednesday, October 24th. It’s down 0.16 per cent d/d and down 12.42 per cent y/y.

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