Tax competition as global and regional phenomenon

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
M Category: H Social Sciences > H Social Sciences (General)
Depositing User: Jelena Banovic
Date Deposited: 29 Aug 2018 11:37
Last Modified: 29 Aug 2018 11:37
URI: http://ebooks.ien.bg.ac.rs/id/eprint/1230

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