Mutual impact of personal income tax and macroeconomic indicators

Ćurčić, Mihailo; Milojević, Irena; Krunić, Nikola

doi:10.5937/industrija48-25978

Cited by 5 publications

(1 citation statement)

References 15 publications

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“…Income taxes also help the taxpayer realize, thanks to their directness and ostentation of collection, the level of the tax burden. Basing the structure of budget tax revenues on revenues from direct or indirect taxes is based on defined criteria concerning both fiscal and stimulation functions (Ćurčić, Milojević, and Krunić, 2020).…”

Section: Literatury Reviewmentioning

confidence: 99%

Personal Income Harmonization Process

Bogacki¹,

Sulimierska²

2021

ERSJ

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The aim of the research is to determine whether harmonization of personal income taxation in the European Union countries is possible and desirable. Design/Methodology/Approach: The paper objective requires a comparative analysis of personal income taxation systems in the European Union countries, taking into account the specificity, common features and differences in income tax constructions in the surveyed countries as well as the areas, possibilities and potential directions for harmonizing this form of taxation. The main research method was induction. Moreover, the paper uses two general research methods, namely analytic and synthetic methods, characterized by detailed presentation of the reality research. Findings: The first is to determine whether harmonization of personal income taxation in the European Union countries is possible and desirable and the second is to find out the main reference points for transformation of an individual's taxation system in European Union Countries. The assessment of the possibility and desirability of harmonizing this form of taxation has been limited (range of research) to personal income of individuals who do not conduct any form of business activity and it reflects the short and long-term run. Practical Implications: The specificities and different models of taxation of personal income in the EU and the different systems of integration of taxation with pension contributions make it impossible to standardise and harmonise this form of taxation. From a legal point of view harmonization is possible, but from an economic point of view it is not advisable. In addition, different wage levels, the way the minimum subsistence level is calculated and different tax allowance and exemption systems do not allow for effective harmonization of personal income tax. Originality/Value: The results reflect that despite the lack of Directives to regulate the rules of taxing personal income, the rules are emerging spontaneously and tax burdens are slowly equalizing. This process is the result of competition between EU member state tax systemsnations extensively are utilizing the construction of the personal income tax to utilize the stimulating functions of the tax system, which in turn impacts the possibilities open to spontaneous PIT harmonization.

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Section: Literatury Reviewmentioning

confidence: 99%

Personal Income Harmonization Process

Bogacki¹,

Sulimierska²

2021

ERSJ

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Competitiveness as an Element of Strategic Management in the Context of Sustainable Development of the Country

Рекуненко

Diakonova

Lavryk

et al. 2021

VSDU

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The article analyzes the competitiveness, its assessment and impact on the choice of strategic management in the context of sustainable development. It is determined that a country's competitiveness is a set of characteristics inherent in the national economy that determine a country's ability to compete with other countries. It is proved that an important direction of sustainable development is the formation of a competitive economy, finding out the impact of its various factors on the social, economic and environmental components. The international competitiveness assessment, namely the global competitiveness index, is considered. Ukraine's place in the global competitiveness rating has been determined. The fluctuations of the rating position of Ukraine for the period 2013-2019 are analyzed. Factors that influenced the fluctuations of the rating position during this period have been identified. The importance of competitiveness for the country is determined and national competitiveness is discussed. The main indicators of competitiveness are given. The need to calculate the country's competitiveness growth index (GCI) and develop an economic development strategy has been revealed. It is proved that the level of competitiveness of the country affects its economic development. The dependence between indicators (factors) of influence on the index of growth of competitiveness of the country and size of the general index of competitiveness is constructed. This approach allows the application of elements of strategic management in the consideration of each component of the competitiveness index: basic conditions, efficiency enhancers and conditions of innovation. It is concluded that strategic decisions on the prospects of economic development of the country for 5-8 years are the basis for the formation of sustainable development. And this, in turn, determines the direction of strategic decisions, which are based on the analysis of competitiveness.

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Taking Into Account Territorial and Innovative Aspects in the Formation of the Industrial Cluster

Maksymenko¹,

Shkulipa²,

Pavlenko³

et al. 2021

VSDU

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The article analyzes the impact of territorial and innovative aspects on the formation of an industrial cluster. Improving the efficiency of territorial development is one of the biggest problems of the modern economy and management. The system of consideration of territorial and innovative aspects of industrial cluster formation is considered in the article. It is determined that an important component is the institutional changes, the use of appropriate methods and tools of state influence, aimed at the process of clustering in the study areas. Particular importance is attached to the study of the implementation of the phased process of cluster formation. The need for effective functioning of the state mechanism is revealed. Statistical indicators of Ukraine's development are presented, on the basis of which the components for assessing the development potential of the territory are analyzed. In particular, a model of dependence of the territory's potential on a number of indicators is proposed. The influence of the development of the innovation aspect on the formation of the attractiveness of the region is studied. It is proved that the assessment of the region's potential correlates with the costs of innovation in this region. The results of the study showed that the cluster approach allows to consider and describe the industries applied to a particular area and its features. Most often, clusters of enterprises are classified according to such parameters as geographical location, availability of capital, proximity of suppliers, competitiveness, access to specialized services, development of labor potential, availability of specialized educational institutions and research organizations, industry affiliation. The application of integrated assessment in this study made it possible to identify highly promising, medium-promising and low-promising areas, ie to determine the stages of formation of industrial clusters. The article also analyzed statistical indicators such as innovation activity of industrial enterprises, labor force, research and development costs. In particular, the coincidence of the dynamics of changes in these indicators was determined. This is the basis for taking into account territorial and innovative aspects in the formation of industrial clusters.

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Mutual impact of personal income tax and macroeconomic indicators

Cited by 5 publications

References 15 publications

Personal Income Harmonization Process

Personal Income Harmonization Process

Competitiveness as an Element of Strategic Management in the Context of Sustainable Development of the Country

Taking Into Account Territorial and Innovative Aspects in the Formation of the Industrial Cluster

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