If the government implements a policy of balanced budget, but allows an increase in the deficit due to the inherited budget situation and in order to solve the invoice issued in the past about to pay obligations to its citizens,...
There is no EU law that states how people moving from one country to another within the EU should be taxed. For example, the rules about taxation on pensions differ between Member States. These differences can create problems for people who...
Civil society cannot solve the budget transparency and accountability problem alone. Ultimately, the solution is to build an oversight system, with civil society as one actor supported by effective media, legislatures and professionals. The core of public finances is that
The case for clarification 1-The seller / supplier is headquartered in Sweden 2- The principal agent is headquartered in Albania (the main activity is electronic transfers and Paypal licensed by Bank of Albania and operates with partial lending coefficient) 3- Customers will be...
One of the most important things about Eurobonds is that they are, unlike many other types of bonds, not taxed at source. In other words, when investors in a bond receive interest payments (which is a form of income) they...
Despite common misconception, the European Union does indeed allow member states to decide their own rates of VAT on a number of categories of goods and services. In 2009 the EU amended this Directive to allow all member states to permanently reduce...
A report published in the United States in 2014 concluded that property tax is often identified as taxpayers' "most hated tax," surpassing both income tax and sales tax in their low estimation. Not that governments seem to be aware of...
When a country fails to pay its creditors on time, it is said to go into default, the national equivalent of going bankrupt. When a country goes bust, the pain is felt on very deep levels. The most basic systems and...
Since its creation, economists who are familiar with GDP and SNA methodology have emphasized that GDP is a measure of economic activity, not economic well-being. In 1934, Simon Kuznets, the chief architect of the United States national accounting system, cautioned against equating GDP growth...
