POST‐CRISIS TAX STRATEGY OF THE EUROPEAN UNION AND LESSONS FOR BOSNIA AND HERZEGOVINA
Journal Title: Acta Economica - Year 2011, Vol 9, Issue 14
Abstract
Balancing between tax sovereignty of the Member States guaranteed by the Constitution of the Union and the need for tax coordination, the EU have announced a strategy for reform of the EU tax system. The new EU tax strategy is based on three main pillars: the quality of taxation in the context of economic coordination, the contribution of tax policy to the sustainable growth and good governance in the tax area. Parallel with the reforms in the area of public expenditures, and following the efforts of the EU, fiscal authorities of BiH should focus their activities on increasing functionality and efficiency of the complex tax system in BiH within the current constitutional framwork. Adoption of the adequate solutions from the new EU tax strategy should bring substantial benefits to BiH. Seen as a part of way out strategy from the recession, tax reforms, designed in the spirit of the EU strategy, should be aimed at speeding up the process of fiscal consolidation and economic recovery, contriburing to the integration of the economic space in BiH and enabling permanent harmonisation of domestic legislation with the EU law and practice.
Authors and Affiliations
Динка Антић
Keywords
Related Articles
- EP ID EP43714
- DOI -
- Views 251
- Downloads 0
Analysis of the Effects of the EU Official Development Assistance to the Western Balkans
Official development assistance (ODA) implies the movement of capital with a minimum of one quarter of grant. It was established in the second half of the previous century, with the aim of getting developed countries to...
Globalization, an Ongoing Cycle of the World’s Socioeconomic Convergence and Divergence?
Globalization is one of the most hotly debated and discussed topics of our time; it is the most influential force in the world today. Among the wider subject of globalization is a plethora of related and interconnected s...
Interdependence between tax policy and development of the SME sector: An empirical study in the Republic of Srpska
Small and medium sized enterprises (SMEs) are increasingly the subject of interest and support of the governments of developed countries in which these businesses are one of the factors that influence the economical devel...
Openness to trade and competitiveness of small transitional economies
Impact of openness to trade on overall economic growth/development and competitiveness is highly debatable subject amongst the economists with still unclear conclusions. The question of openness is particularly important...
ANTI-CRISIS VAT POLICY AND COMPLIANCE WITH THE TAX NEUTRALITY PRINCIPLE
The fundamental assumption of theoretical VAT model lies on neutrality of VAT taxation in relation to economic position of taxpayers. Although highly relevant for removing fiscal barriers and competitiveness of national...