Sustainable Taxation Strategy for Economic Recovery

Proceedings of the International Conference of Applied Business and Management (ICABM2022) 2022
Māris Jurušs, Baiba Šmite-Roķe, Anita Zeila

Purpose: This research intends to determine the possible effects of alternative growth strategies which including changing tax structures and increasing capital flow to economic movements in order to speed up economic recovery and ensure long-term growth and sustainable development of the state economy. Methodology: The study examines the most recent information on the impact of the tax structure on economic growth, determining which adjustments to the growth-enhancing tax system can help the economy recover faster by safeguarding low-income people. The paper examines the efficacy of short-term measures in several European nations during the crisis, as well as prospective mechanisms for long-term tax policymaking to minimize the crisis' effects on future sustainable development. Results: The study's conclusion is that the country's recovery from the COVID-19 crisis is dependent on the government's response, the speed with which solutions are developed, and all economic participants in the economic circle. Originality: The tax system as a whole must be assessed, not its elements. It is therefore necessary to find a balanced, neutral approach between economic growth, social issues, and environmental impact in order to achieve sustainable development. Such a balanced, neutral approach could be a reduction in labor taxes and consumption taxes for households, offset by an increase in wealth and solidarity payments.

Atslēgas vārdi
Tax; Tax Strategy; COVID-19; Economic Recovery.
Hipersaite
https://icabm22.isag.pt/en/book-of-proceedings/

Jurušs, M., Šmite-Roķe, B., Zeila, A. Sustainable Taxation Strategy for Economic Recovery. No: Proceedings of the International Conference of Applied Business and Management (ICABM2022), Portugāle, Porto, 14.-15. jūlijs, 2022. Porto: ISAG - European Business School, 2022, 169.-184. lpp. ISBN 978-989-54164-5-5. ISSN 2184-7428.

Publikācijas valoda
English (en)