The importance of fair tax competition in modern economies
AbstractIn modern times, full of uncertainty and differences of interests at the international arenas, governments search for solutions that help to protect their national tax bases, with simultaneous attempts to build the competitive States and stimulate the economic development. The matters of fair tax competition, as other forms of competition, help to create an environment conducive to growth and improve the functions of economy. But this matters also cause questions, what exactly “competitive and fair tax system” means, and in which way governments can act towards attractive tax environment – to be effective, but not to reach for the measures considered harmful. The aim of the paper is presenting the most relevant issues connected with fair tax competition. Soft- law initiatives, successfully implemented and refined, can improve the States’ fiscal management and – in the future – enhance the international cooperation in tax matters.
|Journal series||Journal of International Scientific Publications : Economy & Business, ISSN , e-ISSN 1314-7242, (5 pkt)|
|Publication size in sheets||0.5|
|Keywords in English||fair tax competition, good tax governance, international tax policy|
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