Optimal taxation system
Popis:
Recently, there have been much debate on the issue of financial crises and subsequently the governments as they exert their influence through the power of taxation and spending. Right thanks to their power, the governments play the key role in regulating the state economic activities and this is how they might affect current financial crises indeed. Annually, the governments worldwide approve their budgets which consist of the outlays and revenues. While the outlays consist mainly of the transfer payments, the taxes are the major source of government revenues and are paid by individuals as same as corporations. Therefore all the governments should be exceptionally cautious while they compose or modify their tax system. Jean Baptiste Colbert, French economist and Minister of finance under King Louis XIV, had his own theory about the taxation, “The art of taxation consists in so plucking the goose as to obtain the largest possible amount of feathers with the smallest possible amount of hissing” (ThinkExist, n. d.. para. 1). It is obviously hard to say whether this “art” was applied in a practice and how much successful it was, but on the other hand it may remind the sharp practices of some politicians who came to the power and try to gain from their inhabitants and entrepreneurs as much taxes and contributions as possible.
Kľúčové slová:
Optimal taxation
Cyprus
Slovakia
tax system
Zdroje:
- Alley, C., Bentley, D. (2005). A remodelling of Adam Smith’s tax design principles. Retrieved
- November 20, 2008, from http://epublications.bond.edu.au/cgi/
- viewcontent.cgi?article=1044&context=law_pubs
- Bolton, S., Khaw, S. (2006, July 10). Economic growth. Guardian. Retrieved November 24, 2008, from http://www.guardian.co.uk/business/2006/jul/10/ukeconomy.globalrecession
- Bradford, D. F. (2000). Taxation, Wealth, and Saving. London: The MIT Press.
- Deloitte. (2008, January). Cyprus tax facts. Retrieved November 8, 2008, from http://
- www.deloitte.com/dtt/cda/doc/content/Cy%20Tax%20Facts%202008%20english.pdf
- European Commission. (2002). Company taxation in the internal market. Luxembourg: Office
- For Official Publications of the European Communities.
- European Commission. (2008). Taxation trends in the European Union. Retrieved November 8,
- 2008, from http://epp.eurostat.ec.europa.eu/cache/ITY_OFFPUB/KS-DU-07-001/EN/
- KS-DU-07-001-EN.PDF
- Gruber, J. (2005). Public Finance and Public Policy. New York: Worth Publishers.
- Montreal Economic Institute. (2004, November). Why a flat tax would be fairer and more
- efficient. Retrieved November 20, 2008, from http://www.iedm.org/uploaded/pdf/
- nov04_en.pdf
- Slovensko má ôsmy najpríťažlivejší daňový systém v Európe [Slovakia has eight the most attractive tax system in Europe]. (2008, January 18). Sme. Retrieved November 26, 2008,
- from http://ekonomika.sme.sk/c/3685557/
- Slovensko-ma-osmy-najpritazlivejsi-danovy-system-v-Europe.html
- ThinkExist. (n. d.). Jean Baptiste Colbert quotes. Retrieved November 20, 2008, from http://
- thinkexist.com/quotes/jean_baptiste_colbert/
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