Use of the Tax Prism Method When Forming Tax Part of the Budget
The tax prism method is developed for the assessment of tax part of the budget as well as for forecasting the influence of tax optimisation on it. There are certain trends in global practice. Developing and transition economies are characterised by low tax burden. Economically developed countries wi...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Sciendo
2017-06-01
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| Series: | Economics and Culture |
| Subjects: | |
| Online Access: | https://doi.org/10.1515/jec-2017-0012 |
| _version_ | 1818733536281100288 |
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| author | Verovska Ludmila Leontyev Alexey |
| author_facet | Verovska Ludmila Leontyev Alexey |
| author_sort | Verovska Ludmila |
| collection | DOAJ |
| description | The tax prism method is developed for the assessment of tax part of the budget as well as for forecasting the influence of tax optimisation on it. There are certain trends in global practice. Developing and transition economies are characterised by low tax burden. Economically developed countries with a high level of social security of population are characterised by high tax burden. The analytical and graphic-analytical research for the purpose of determination of optimum size of the taxation using the tax prism has been conducted. In addition to the concept of ‘tax prism’, concepts such as static and dynamic tax prisms have been introduced, allowing to consider changes in the part of the budget of interest in connection with a possibility of taxation subjects to reduce the size of a tax burden by various methods of tax optimisation, and also to consider the influence of other factors on it. The use of this approach helps effectively to enhance the tax legislation by modelling high-quality and quantitative consequences of one or another changes and innovations. |
| first_indexed | 2024-12-17T23:51:01Z |
| format | Article |
| id | doaj.art-74e7354d8fd14b20a215af88cb04d568 |
| institution | Directory Open Access Journal |
| issn | 2256-0173 |
| language | English |
| last_indexed | 2024-12-17T23:51:01Z |
| publishDate | 2017-06-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Economics and Culture |
| spelling | doaj.art-74e7354d8fd14b20a215af88cb04d5682022-12-21T21:28:12ZengSciendoEconomics and Culture2256-01732017-06-0114112813510.1515/jec-2017-0012jec-2017-0012Use of the Tax Prism Method When Forming Tax Part of the BudgetVerovska Ludmila0Leontyev Alexey1Baltic International Academy, Riga, LatviaBaltic International Academy, Riga, LatviaThe tax prism method is developed for the assessment of tax part of the budget as well as for forecasting the influence of tax optimisation on it. There are certain trends in global practice. Developing and transition economies are characterised by low tax burden. Economically developed countries with a high level of social security of population are characterised by high tax burden. The analytical and graphic-analytical research for the purpose of determination of optimum size of the taxation using the tax prism has been conducted. In addition to the concept of ‘tax prism’, concepts such as static and dynamic tax prisms have been introduced, allowing to consider changes in the part of the budget of interest in connection with a possibility of taxation subjects to reduce the size of a tax burden by various methods of tax optimisation, and also to consider the influence of other factors on it. The use of this approach helps effectively to enhance the tax legislation by modelling high-quality and quantitative consequences of one or another changes and innovations.https://doi.org/10.1515/jec-2017-0012budgettaxationtax optimizationtax burdenlaffer |
| spellingShingle | Verovska Ludmila Leontyev Alexey Use of the Tax Prism Method When Forming Tax Part of the Budget Economics and Culture budget taxation tax optimization tax burden laffer |
| title | Use of the Tax Prism Method When Forming Tax Part of the Budget |
| title_full | Use of the Tax Prism Method When Forming Tax Part of the Budget |
| title_fullStr | Use of the Tax Prism Method When Forming Tax Part of the Budget |
| title_full_unstemmed | Use of the Tax Prism Method When Forming Tax Part of the Budget |
| title_short | Use of the Tax Prism Method When Forming Tax Part of the Budget |
| title_sort | use of the tax prism method when forming tax part of the budget |
| topic | budget taxation tax optimization tax burden laffer |
| url | https://doi.org/10.1515/jec-2017-0012 |
| work_keys_str_mv | AT verovskaludmila useofthetaxprismmethodwhenformingtaxpartofthebudget AT leontyevalexey useofthetaxprismmethodwhenformingtaxpartofthebudget |