An interpretation of fairness based on the equal sacrifice principle is not clear; three taxation rules can be derived from it. Instead of searching for a fair tax system, ethical behavior of the taxpayer should be expected and set as a target. Ethical taxation can be encouraged and the propensity to pay taxes could be reinforced by abolishing the secrecy of individual and family tax returns, setting restrictions on cash operations which are associated with corruption, and gradually eliminating tax havens and offshore areas.
Authors:Vera Takács, Ákos Máté and Sándor Gyula Nagy
The European Union does not have a comprehensive common tax policy and substantial changes in this specialized policy area are not likely in the foreseeable future. Albeit common rules, requirements, minimum rates for certain tax types were implemented in the last few decades, they barely limit the Member States in using their tax policies as one of the worthiest elements of their arsenal in increasing competitiveness or quite the contrary, to undermining their own international competitiveness inadvertently through a misguided tax policy. In this article, we put the tax policies of the Visegrad Group and the Eurozone core countries (Germany, Austria and the Netherlands), as well as changes in these policies under the magnifying glass, in terms of the impact of tax structure changes on economic growth and employment in the last decade.
Seldom does public attention follow taxation as it does now. As a result of the global economic crisis, due to the fiscal consolidations, taxation plays an increasingly important role within financial policy. The emergence and the extensive spread of taxes on the financial sector is one of the consequences of the global economic crisis. This paper deals with some theoretical connections of this change in taxation.
The Hungarian tax system has undergone significant changes in recent years. The weight of labour taxes decreased by 3.3 percentage points, while the weight of consumption taxes increased by 3.7 percentage points between 2007 and 2012. This type of tax shift is not a country-specific one, but its rate is one of the largest in Europe. This study gives a brief overview of literature, followed by a presentation of the Hungarian tax structure in an international comparison, and a summary of the main changes of the tax system and relating measures, which entered into force after 2010. Then, in addition to the tax centralization indicators published by the Eurostat, an adjusted tax centralization indicator for the EU states is presented, which eliminates the tax component of public spending and transfers, takes into account the mandatory private pension contribution and compares the adjusted tax burden to the corresponding private tax base.
Authors:Milan Deskar-Škrbić, Hrvoje Šimović and Tomislav Ćorić
In this paper, we use the structural VAR model to analyse the dynamic effects of (discretionary) fiscal shocks on the economic activity of the private sector in Croatia between 2000 and 2012. Due to the fact that Croatia is a small open transition economy, we assume that shocks of foreign origin can have notable effects on its performance. Therefore, the original Blanchard-Perotti identification method is extended by introducing variables that represent external (foreign) demand shocks. The results show that government spending has a positive and statistically significant effect on private aggregate demand and private consumption, and that net indirect taxes have a negative and statistically significant effect on private consumption and private investment.
The case for taxing financial transactions merely to raise more revenues from the financial sector is not particularly strong. Better alternatives to tax the financial sector are likely to be available. However, a tax on financial transactions could be justified in order to limit socially undesirable transactions when more direct means of doing so are unavailable for political or practical reasons. Some financial transactions are indeed likely to do more harm than good, especially when they contribute to the systemic risk of the financial system. However, such a financial transaction tax should be very small, much smaller than the negative externalities in question, because it is a blunt instrument that also drives out socially useful transactions. There is a case for taxing over-the-counter derivative transactions at a somewhat higher rate than exchange-based derivative transactions. More targeted remedies to drive out socially undesirable transactions should be sought in parallel, which would allow, after their implementation, to reduce or even phase out financial transaction taxes.
Both the level and composition of public expenditures and revenues have implications for economic development, as argued by the ‘fiscal multiplier’ and the ‘quality of public finance’ literature. Public finance decisions also influence the distribution of income. By reviewing the literature, I argue for a fair distribution of income as reflected in low income inequality, not particularly because of the impact of income inequality on long-term growth (which is a controversial issue), but primarily because income inequality typically implies inequality of opportunity. European Union countries have very diverse public finance structures and different levels of effectiveness, and there is room for improvement in growth and equality impacts in all countries. A general guideline would be that the most effective approach comprises progressive taxes and inheritance taxes, spending on education, health and public infrastructure, and better government effectiveness. At the height of the 2008 global and the subsequent European financial and economic crises, the fiscal consolidation strategies of EU countries largely relied on cutting public investment and social spending (except pensions), which is the opposite of what is suggested in the literature. Better fiscal rules and good fiscal institutions are needed to safeguard growth- and distribution friendly expenditures in a crisis.
Stability constants of chloride complexes of U(VI), Np(VI) and Pu(VI) have been determined by the method of extraction chromatography
at an ionic strength of 2.0 and [H+]=2.0M. Dilute HDEHP has been used as the stationary phase.
The complex formation of U(VI), Np(VI) and Pu(VI) with chloride ions was studied in HClO4−HCl solutions at ionic strength of 2.0 and [H+]=2.0M by the method of extraction chromatography using dilute HDEHP as the stationary phase.
Authors:S. Öz, R. Kurtaran, C. Arıcı, Ü. Ergun, F. Kaya, K. Emregül, O. Atakol and D. Ülkü
Bis-N,N′(salicylidene)-2,2′-dimethyl-1,3-propanediamine (LDMH2) has a high tendency to form polynuclear complexes. Two trinuclear complexes were obtained using this ligand and azide ions;
(CuLDM)2 · Mn(N3)2 · (DMF)2, [(C19H20N2O2Cu)2 · Mn(N3)2 · (C3H7NO)2] and (CuLDM)2 · Cd(N3)2 · (DMF)2, [(C19H20N2O2Cu)2 · Cd(N3)2 · (C3H7NO)2]. The structures were identified with X-ray methods. TG and DSC methods were also employed to these complexes. Studies showed
the (CuLDM)2 · Mn(N3)2 · (DMF)2 and (CuLDM)2 · Cd(N3)2 · (DMF)2 to be non-linear. Also μ-bridges were not encountered for the azide ions but were seen to form between the Cu and other metal
via phenolic oxygens. Thermal analysis showed exothermic degradation of the azide ions destroying the trinuclear structure.
Although azide containing structures show explosive characteristics, this was not observed for the present compounds.