Taxation and Humans in the Age of the Fourth Industrial Revolution – Financial and Ethical Comments

Cseh, Balázs; Varga, József

doi:10.2478/auseur-2020-0005

Cited by 4 publications

(3 citation statements)

References 3 publications

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“…At the continental and country level, it is better to make sure that necessary capital and labor reallocations are not hampered by financial policy and should switch from general assistance to targeted support of viable enterprises. Supply side policies should promote inclusive growth through a variety of means, such as progressive tax [51] reforms and growth-friendly initiatives that step up the economy and climate change adaptation and mitigation [17].…”

Section: Discussionmentioning

confidence: 99%

From Short-Term Risk to Long-Term Strategic Challenges: Reviewing the Consequences of Geopolitics and COVID-19 on Economic Performance

2022

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The COVID-19 crisis and the war between Russia and Ukraine affects the world economy badly. The western countries’ economic sanctions on Russia and the Russian government’s reverse sanctions on western countries create pressure on the world economy. This study was conducted to investigate how the economic performance is responding to COVID-19 and the geopolitical crisis of the era. In doing so, both theoretical and numerical data reviews have been performed. The objective of the study is to investigate the short-term risks and long-term strategic challenges of the crisis. The study used a bibliometric approach with the help of RStudio software. The Web of Science database was used for extracting the resources in line with the grey literature from the Google Search engine. A total of 895 documents were utilized in this bibliometric analysis. At the same time, secondary panel data extracted from the international monetary fund (IMF) for a period of 4 years (2019–2022) were utilized for reviewing numerical implications. The purposive sampling technique is used for data selection and main economic variables. The findings of the study imply that countries over the world registered less economic growth, high inflation rate, and high government debt in 2022 compared to the fiscal period of 2019–2021. The emerging economies and developing countries of Europe were badly affected by the crisis as the level of inflation rate hit 27 percent and the economic growth of the region registered a negative 2.9 percent. The study also found rising interest rates, exchange rate volatility, risk of stagflation, and rising energy prices are the short-term risks to economies. The issue of sustainable development goals and green aspects, risk of hyperinflation, and risk of economic recession are the long-term strategic challenges or risks to economies. Bailout and debt relief were found to be necessary for those countries badly affected by the crisis. Policymakers should facilitate financial policies and should switch from general assistance to targeted support of viable enterprises.

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Section: Discussionmentioning

confidence: 99%

From Short-Term Risk to Long-Term Strategic Challenges: Reviewing the Consequences of Geopolitics and COVID-19 on Economic Performance

2022

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“…In our opinion, technological progress and globalization determine other priorities for socio-economic development, the specifics of production and sources of income [7], transforming the structure of tax systems, the organization of tax collection, shifting emphasis from one taxation object to another, expanding tax bases or reducing benefits [8,9]. Thus, we want to answer the following questions: what are the consequences of the modern taxation system for introducing Industry 4.0 and the digitalization of the economy as a whole?…”

Section: Introductionmentioning

confidence: 99%

Taxation Transformation under the Influence of Industry 4.0

Строев¹,

Fattakhov²,

Pivovarova³

et al. 2022

IJACSA

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Today the growing level of automation and the new concept of online technologies are transforming the traditional industry. Value is generated with the help of Industry 4.0 technologies that not only increase the efficiency and agility of supply chains, create new products and offer new ways of connecting businesses and consumers but also have a major impact on the traditional tax system. This study aims at determining changes in the modern industrial economy and substantiating possible directions for transforming the tax system to adapt it to the requirements of Industry 4.0. The objective is to identify the relationship between the digitalization of the economy, the use of blockchain technologies, robotics, automation, M2M technologies offered by Industry 4.0, and taxation. The article demonstrates how these technologies influence taxes and proposes measures to address possible tax issues. The authors of the article have concluded that the reasons (and goals) for transforming the current tax system as a result of the development of Industry 4.0 technologies are as follows: 1) to increase or stabilize tax revenues to compensate for tax losses and finance new education needs; 2) to introduce innovations for the development of Industry 4.0 and further digitalization of the economy; 3) to create an automatic tax administration system.

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“…There are multiple reasons for the increasing attention to Universal Basic Income, but the two most prominent and obvious ones may be the COVID-19 pandemic, and the increasing importance of workplace automation -to which Universal Basic Income was connected to, as a possible measure to offset its enormous impact on the labor market, and with it, on people's livelihood. (Manyika et al 2017;Dermont & Weisstanner, 2020;Cseh & Varga, 2020;Kőmüves & Szabó, 2021).…”

Section: Introductionmentioning

confidence: 99%

Basic Income: Opportunity or Problem?

Végvári¹,

Kurucz²,

Gelencsér³

et al. 2022

RBS

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There has been an increase in debate over universal basic income in recent years, mostly related to the different welfare measures introduced in relation to the COVID-19 pandemic around the world, and because of the increasing relevance of labor market automation. In this study, our objective is to evaluate the attitudes of Hungarian citizens towards basic income, with a focus on its feasibility, as well as positive and negative effects. In order to accomplish this, we analyzed relevant international literature to draw up a questionnaire from studies, while also looking at background variables that potentially influence an individual’s attitude towards basic income. Results show that Hungarian citizens rather disagree about the feasibility of a basic income scheme in Hungary but they are a lot more agreeable with the EU-s capability to provide one (18.4% compared to 52%, respectively. Regarding its possible positive impacts, the most frequently mentioned items include reducing anxiety about financing basic needs, helping people return to education, and offsetting the effects of automation, while concerns about the idea of not being researched and tested enough, its effects on inflation, and its possible work-discouraging nature were listed as the most relevant negative effects.

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Taxation and Humans in the Age of the Fourth Industrial Revolution – Financial and Ethical Comments

Cited by 4 publications

References 3 publications

From Short-Term Risk to Long-Term Strategic Challenges: Reviewing the Consequences of Geopolitics and COVID-19 on Economic Performance

From Short-Term Risk to Long-Term Strategic Challenges: Reviewing the Consequences of Geopolitics and COVID-19 on Economic Performance

Taxation Transformation under the Influence of Industry 4.0

Basic Income: Opportunity or Problem?

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