Efficiency Implications of a "New" Tax Policy Towards Enterprises in Croatia (CROSBI ID 473947)
Prilog sa skupa u zborniku | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Blažić, Helena ; Nikolić, Nikša ; Pečarić, Mario
engleski
Efficiency Implications of a "New" Tax Policy Towards Enterprises in Croatia
Croatia is the first country in the world that implemented consumption-based direct taxation at the individual as well as business level. The traditional corporate tax is replaced by the so called "interest-adjusted profit tax", which encompasses corporate as well as the part of non-corporate sector. This paper investigates the specific characteristics of this tax in Croatia regarding efficiency aspects from the point of view of neutrality as well as effectiveness. The first one is the main characteristic of the consumption-based profit tax, but is a little bit modified in Croatia due to imperfect capital market. The second one is doubtful due to relatively high tax expenditure of the protective interest and the empirically not proven incentive effects. On the other hand, the problem of high tax burden of labor costs, which mitigate the positive effects of protective interest is pointed out too.
consumption-based taxation; Croatia; corporate income tax; efficiency; tax expenditure
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Podaci o prilogu
1-11-x.
2000.
objavljeno
Podaci o matičnoj publikaciji
Global Entrepreneurship for the New Millennium
Koveos, Peter... et al.
Syracuse (NY): Syracuse University, School of Management
Podaci o skupu
Global Entrepreneurship for the New Millennium
predavanje
20.08.2000-23.08.2000
Syracuse (NY), Sjedinjene Američke Države