The rate of global economic growth is around 4 per cent per year, as a result of which the situation on the labor markets is improving and the profits of enterprises are increasing. The tax revenues are also increasing, often...
The European Union is the largest single market in the world, governed by uniform rules set out in the directives and regulations. However, the interpretation of these rules is determined by the EU bureaucracy.
The hidden public debt is important for the sustainability of public finances, both in Poland and in the world. The latest financial crisis and expanding a scope of state responsibilities have contributed to the global increase...
Most countries of Western Europe used various types of austerity programs aimed at reducing the budget deficit in order to get out of economic trouble. Professor Alberto Alesina, an economist from Harvard University, examined...
In December 2018, the National Assembly of the Republic of Serbia adopted the state budget for 2019. The GDP growth is projected to be 3.5 per cent, and the budget deficit is estimated at 0.4 per cent of GDP.
According to the OECD experts, there is no significant need to increase the taxation of various forms of household savings in the developed countries but a lot could be improved in the design of these taxes.
In 2015, the Serbian government adopted the National Program for Suppression of the Shadow Economy, which may be one of the largest in Europe.
For the last 10 years the revenues from gambling in Bulgaria have risen significantly and in 2017 hit a new high of EUR1.5bn. Due to the huge tax benefits, the taxes paid in 2016 were only EUR90.5m.
The Slovak government has abandoned its original idea to burden so-called ‘luxury’ real estate with higher tax rates, but plans to make property taxes reflective of the value of real estate, not only based on size.
The beginning of the year brings changes that will provide relief to the Hungarians after several years of belt-tightening.