Marjanović, Darko and Radojević, Predrag and Dragaš, Radovan (2014) Tax competition as global and regional phenomenon. In: IV International Symposium Engineering Management and Competitiveness (EMC 2014), Zrenjanin, 20-21st June 2014. Technical Faculty "Mihajlo Pupin", Zrenjanin, pp. 356-360. ISBN 978-86-7672-224-2
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Abstract
Globalization and the great mobility of capital, followed by a partial influence of internal factors directly
contributed to the transformation of the economic system in the world. Among others, significant changes
included the fiscal system, in which, the fiscal authorities seek to tax, financial and other incentives build
competitiveness. The lack of national borders and the establishment of world market contributed to the
greater mobility of factors of production. International companies that do business across borders have
become the holder of the world economy and development. Their mobility is significantly increased due to
the elimination of barriers between states. Tax competition exists in situations where the state, in the creation
of their tax policy seeks to reduce the tax burden (either by lowering the tax rate, approving new tax relief or
abolition of some existing taxes ), all with the aim to encourage productive entry of natural resources in their
respective markets or to prevent their outflow. It implies strategy that the government of a country used to the
appropriate privilege tax measures to attract foreign direct investment. Provide a favorable environment and
better conditions than the competition, be advantageous in at least one factor, an advantage and fight for
foreign direct investment, presents guidance on the existence of tax competition.
| Item Type: | Book Section |
|---|---|
| Additional Information: | COBISS.ID=512351586 |
| Uncontrolled Keywords: | tax competition, incentives, fiscal system |
| Research Department: | Macroeconomics |
| Depositing User: | Jelena Banovic |
| Date Deposited: | 29 Aug 2018 11:37 |
| Last Modified: | 03 May 2020 14:44 |
| URI: | http://35.240.28.64/id/eprint/1230 |
| Author Links: |
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