The neutrality of taxation of investment projects in Serbia
The paper analyses the neutrality of taxation of investment projects on the example of Serbia. The aim of the research is to confirm/reject the existence of uniformity of the tax burden on investment projects that differ regarding the asset type, industry and the source of finance. The unif...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Faculty of Economics, Belgrade
2021-01-01
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| Series: | Ekonomski Anali |
| Subjects: | |
| Online Access: | http://www.doiserbia.nb.rs/img/doi/0013-3264/2021/0013-32642130101L.pdf |
| Summary: | The paper analyses the neutrality of taxation of investment projects on the
example of Serbia. The aim of the research is to confirm/reject the
existence of uniformity of the tax burden on investment projects that differ
regarding the asset type, industry and the source of finance. The uniformity
of tax burden, that is, the absence of discrimination and distortive effects
of taxation, may be considered a confirmation of the tax neutrality. To
investigate neutrality of taxation the analysis employed King-Fullerton
framework of calculating effective marginal tax rates. The research results
show that the tax treatment of investment projects in Serbia is
nondiscriminatory. Marginal effective tax rates for different types of
investment projects do not vary widely; that is, there are no investment
projects that have a markedly favourable (unfavourable) tax treatment
compared to the other types of investment projects. |
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| ISSN: | 0013-3264 1820-7375 |