Tax incentives as a main factor to attract foreign direct investments in Poland

Ślusarczyk, Beata; It, Vaal Triangle

doi:10.24818/amp/2018.30-05

Cited by 19 publications

(13 citation statements)

References 7 publications

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“…In doing so, they are impacting on the strategies and business models of both private and public sector organizations. That is, the development of the information and communications technology sector directly affects the business climate in the country and, therefore, the dynamics of foreign direct investments [36]. The information environment is among the factors that influence the state's finances (Figure 1).…”

Section: Tax Administration and Innovationsmentioning

confidence: 99%

Tax System of the Russian Federation: Current State and Steps towards Financial Sustainability

et al. 2019

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Achieving financial sustainability is the most important strategic task of the state in a turbulent global economic environment. The purpose of this study was to identify the patterns of development and peculiarities of the tax situation in Russia. The authors determined the most effective approaches for the formation of the tax system that would ensure the financial sustainability of the state in conditions of economic transition. This study examined the existing features and patterns of the formation of the Russian tax system. The ways and instruments to achieve financial stability were considered. As an example, it was decided to take into account the international practices of the most successful states in terms of tax (according to the Doing Business methodology)—namely, the USA, Ireland, France, Greece, Luxembourg, the Netherlands, Germany, Switzerland, the UK, Sweden and Norway. A list of conditions is proposed, the implementation of which might ensure the transformation of the Russian financial system in terms of sustainability. This article also demonstrates changes in the economic infrastructure of the Russian Federation and indicates possible scenarios for the development of the tax system. This study determines that the tax system is largely shaped by the information environment. Therefore, digitalization processes can serve as a catalyst for the achievement of financial sustainability by the state. The choice of tools for the internal reform of public finances is situational. However, strategic transformation (in terms of macro-level sustainability) can be achieved by performing a number of universal steps. The implementation of the latter creates not only a positive effect from the introduction of new approaches, but primarily minimizes the impact of existing negative phenomena and trends. The tax system of the Russian Federation can be optimized by consolidating sustainable development indicators in the legal acts. The latter is an important step towards achieving financial sustainability.

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Section: Tax Administration and Innovationsmentioning

confidence: 99%

Tax System of the Russian Federation: Current State and Steps towards Financial Sustainability

et al. 2019

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“…The lowest level of the underground economy was achieved by Switzerland (6.9% of GDP) and Austria (7.8% of GDP). At present, all state governments are involved in a continuing fight against tax evasion by adapting their fiscal policies (Tung, 2018;Ślusarczyk, 2018). Tax evasion is a complex economic and social phenomenon.…”

Section: Introductionmentioning

confidence: 99%

The interdependence between fiscal public policies and tax evasion

Androniceanu¹,

Gherghina²,

Ciobănaşu³

2019

AMP

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The importance of studying tax evasion derives from its effects. The state budget of public revenues, which could be used to finance public health services, education, public order and safety, etc., is being damaged by evasion. At the same time, tax evasion also has negative effects in the market economy, generating unfair competition. The study of tax evasion is of major relevance in determining the degree of economic, social and even cultural development of a country. The analysis of tax evasion aims at identifying the causes that lead to tax evasion, as well as identifying new solutions for higher voluntary compliance. The work is focused on the analysis of the causes and effects that will indicate the possible solutions to be applied in order to reduce the phenomenon of evasion tax. The results of the research show the impact of fiscal policies on the economy and the ways in which the reduction of tax evasion generates a considerable increase of the macroeconomic indicators that characterize the economy of a country.

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“…This is due to the costs of the share capital perceived to be higher by the financial theory compared to the costs of debt financing. Also for this reason, IPO implementation may be expected to be the last option considered when deciding on the manner of financing corporate investments, which is more likely to be used in the case of large and mature companies where an adverse selection problem is less accentuated (e. g. Ritter, 1991;Chemmanur and Fulghieri, 1999;Pastor and Veronesi, 2003;Ivanová, 2017;Ślusarczyk, 2018).…”

Section: Literature Reviewmentioning

confidence: 99%

Financial impact analysis of going public at the Warsaw Stock Exchange: Using Fuzzy Set Theory to understand behaviours of mature companies

Skalická

Zinecker

Pietrzak

et al. 2019

Management &Amp; Marketing. Challenges for the Knowledge Society

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In this paper, we intend to contribute evidence in regard to going public financial impact and thus motivation on a sample of mature companies that launched an IPO at the Warsaw Stock Exchange between 2005 and 2015. First, we review recent literature focusing on financial and non-financial consequences of an IPO. Next, we use fuzzy sets and fuzzy reasoning to define a “mature” company and assess financial consequences of going public. Our main conclusion is that the majority of Polish mature companies use an IPO as a channel how to raise capital and accelerate their investments and growth. This contradicts many previous empirical studies highlighting that the main motivation of mature companies to go public is to use the capital raised within an IPO to rebalance their capital structure.

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Tax incentives as a main factor to attract foreign direct investments in Poland

Cited by 19 publications

References 7 publications

Tax System of the Russian Federation: Current State and Steps towards Financial Sustainability

Tax System of the Russian Federation: Current State and Steps towards Financial Sustainability

The interdependence between fiscal public policies and tax evasion

Financial impact analysis of going public at the Warsaw Stock Exchange: Using Fuzzy Set Theory to understand behaviours of mature companies

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