IDEAS home Printed from https://ideas.repec.org/a/ssi/jouesi/v8y2020i1p138-149.html
   My bibliography  Save this article

Development of the financial policy of the Eurasian economic union countries: tax harmonization

Author

Listed:
  • Artem Krasnov

    (Kyrgyz Russian Slavic University, Kyrgyzstan)

  • Aizada Okanova

    (Narxoz University, Kazakhstan)

  • Yana Yeraliyeva

    (Narxoz University, Kazakhstan)

  • Maral Kozhakhmetova

    (Narxoz University, Kazakhstan)

  • Alma Karshalova

    (Narxoz University, Kazakhstan)

  • Madina Aitkazina

    (Narxoz University, Kazakhstan)

Abstract

The paper presents an analysis of viewpoints in the debate concerning tax harmonization in integration unions and the results achieved in the Eurasian integration process, focusing on the specifics of taxation in the EAEU member states. The findings have led the author to conclude that there are considerable differences in taxation approaches and the rates of major budget-forming taxes and excises in the EAEU countries and non-tariff barriers still exist in product and services markets, which is an obstacle for mutual trade and access of excisable goods to the markets of union states. Measures to refine taxation systems are identified with a view to expanding budget revenues and ensuring the competitiveness and financial stability of the EAEU member states. Such measures include the establishment of a unified identification system for foreign trade operators (UISFTO), enhancement of electronic services, automation of information exchange between tax and customs authorities and implementation of new tax administration mechanisms in digital trade.

Suggested Citation

  • Artem Krasnov & Aizada Okanova & Yana Yeraliyeva & Maral Kozhakhmetova & Alma Karshalova & Madina Aitkazina, 2020. "Development of the financial policy of the Eurasian economic union countries: tax harmonization," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(1), pages 138-149, September.
    • Handle: RePEc:ssi:jouesi:v:8:y:2020:i:1:p:138-149
    DOI: 10.9770/jesi.2020.8.1(9)
    as

    Download full text from publisher

    File URL: https://jssidoi.org/jesi/uploads/articles/29/Krasnov_Development_of_the_financial_policy_of_the_Eurasian_economic_union_countries_tax_harmonization.pdf
    Download Restriction: no
    File URL: https://jssidoi.org/jesi/article/609
    Download Restriction: no
    File URL: https://libkey.io/10.9770/jesi.2020.8.1(9)?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Sinn, Hans-Werner, 1990. "Tax harmonization and tax competition in Europe," European Economic Review, Elsevier, vol. 34(2-3), pages 489-504, May.
    2. Olivier Bargain & Mathias Dolls & Clemens Fuest & Dirk Neumann & Andreas Peichl & Nico Pestel & Sebastian Siegloch, 2013. "Fiscal union in Europe? Redistributive and stabilizing effects of a European tax-benefit system and fiscal equalization mechanism [A strong employment agenda – the pathway to economic recovery]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 28(75), pages 375-422.
    3. Petrosyan, Heghine G. (Петросян, Егине), 2016. "Possible Ways of Further Evolution of Tax Systems in the EAEU Countries [Пути Гармонизации Систем Налогообложения В Странах Евразийского Экономического Союза]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 6, pages 222-241, December.
    4. Lucas, Vander, 2001. "Tax harmonisation and the origin principle," Economics Letters, Elsevier, vol. 71(1), pages 111-115, April.
    5. Fitore Morina & Bedri Peci, 2017. "The Concept of the Common Market: Advantages and Disadvantages in the Spectre of Harmonization the Tax System and the Benefits for Kosovo," EuroEconomica, Danubius University of Galati, issue 2(36), pages 55-61, November.
    6. Nadezhda V. Ponomareva & Anna O. Zvereva & Ekaterina V. Golubtsova & Svetlana B. Ilyashenko, 2019. "Tax Incentives for use of Alternative Energy Sources in the Russian Federation," International Journal of Energy Economics and Policy, Econjournals, vol. 9(4), pages 144-148.
    7. Evgenia FROLOVA & Tatyana POLYAKOVA & Mihail DUDIN & Ekaterina RUSAKOVA & Petr KUCHERENKO, 2018. "Information Security of Russia in the Digital Economy The Economic and Legal Aspects," Journal of Advanced Research in Law and Economics, ASERS Publishing, vol. 9(1), pages 89-95.
    8. Brautigam,Deborah & Fjeldstad,Odd-Helge & Moore,Mick (ed.), 2008. "Taxation and State-Building in Developing Countries," Cambridge Books, Cambridge University Press, number 9780521888158, October.
    9. Rita de la Feria, 2009. "VAT and the EC Internal Market: The Shortcomings of Harmonisation," Working Papers 0929, Oxford University Centre for Business Taxation.
    10. Andrei DORSKI & Evgeniya PAVLENKO & Nataliya SHUTIKOVA & Svetlana ZUBANOVA & Dmitriy PASHENTSEV, 2017. "Advertisement in the EAEU Countries Law Harmonization Issues," Journal of Advanced Research in Law and Economics, ASERS Publishing, vol. 8(7), pages 2112-2120.
    11. Konstantinos Liapis & Antonios Rovolis & Christos Galanos, 2013. "Toward a Common Tax Regime for the European Union Countries," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 93-116.
    12. Posen, Jodie & van Walbeek, Corne, 2014. "The impact of Cigarette Excise Tax Increases and Harmonisation in the East African Community," SALDRU Working Papers 130, Southern Africa Labour and Development Research Unit, University of Cape Town.
    13. Barbora Slintáková & Stanislav Klazar, 2010. "Impact of Harmonisation on Distribution of VAT in the Czech Republic," Prague Economic Papers, Prague University of Economics and Business, vol. 2010(2), pages 133-149.
    14. Brautigam,Deborah & Fjeldstad,Odd-Helge & Moore,Mick (ed.), 2008. "Taxation and State-Building in Developing Countries," Cambridge Books, Cambridge University Press, number 9780521716192, October.
    15. Chun-Yan Kuo & Hatice Jenkins & Glenn Jenkins, 2006. "Is The Value Added Tax Naturally Progressive?," Working Paper 1059, Economics Department, Queen's University.
    16. Maya Bacache-Beauvallet, 2018. "Tax competition, tax coordination and e-commerce," Post-Print hal-02163792, HAL.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gabriella Y. Carolini, 2021. "Aid’s urban footprint and its implications for local inequality and governance," Environment and Planning A, , vol. 53(2), pages 389-409, March.
    2. Timothy Besley & Torsten Persson, 2011. "Pillars of Prosperity: The Political Economics of Development Clusters," Economics Books, Princeton University Press, edition 1, number 9624.
    3. Boadu Ayeboafo, 2016. "VAT Compliance Challenges in Ghana and How to Address Them," International Journal of Economics and Financial Research, Academic Research Publishing Group, vol. 2(7), pages 132-139, 07-2016.
    4. Ahrens, Joachim & Schweickert, Rainer & Zenker, Juliane, 2011. "Varieties of capitalism, governance and government spending: A cross-section analysis," PFH Forschungspapiere/Research Papers 2011/01, PFH Private University of Applied Sciences, Göttingen.
    5. Cappelen, Alexander W. & Fjeldstad, Odd-Helge & Mmari, Donald & Sjursen, Ingrid Hoem & Tungodden, Bertil, 2021. "Understanding the resource curse: A large-scale experiment on corruption in Tanzania," Journal of Economic Behavior & Organization, Elsevier, vol. 183(C), pages 129-157.
    6. Alex Reuben Kira, 2017. "An Evaluation of Governments’ Initiatives in Enhancing Small Taxpayers’ Voluntary Tax Compliance in Developing Countries," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 7(1), pages 253-267, January.
    7. Mogues, Tewodaj & Benin, Samuel, 2012. "Do External Grants to District Governments Discourage Own Revenue Generation? A Look at Local Public Finance Dynamics in Ghana," World Development, Elsevier, vol. 40(5), pages 1054-1067.
    8. Gough, Ian & Abu Sharkh, Miriam, 2011. "Financing welfare regimes: mapping heterogeneous revenue structures," LSE Research Online Documents on Economics 36629, London School of Economics and Political Science, LSE Library.
    9. Dawson, Andrew, 2013. "The Social Determinants of the Rule of Law: A Comparison of Jamaica and Barbados," World Development, Elsevier, vol. 45(C), pages 314-324.
    10. repec:idq:ictduk:13751 is not listed on IDEAS
    11. Thorsten Beck & Samuel Munzele Maimbo, 2013. "Financial Sector Development in Africa : Opportunities and Challenges," World Bank Publications - Books, The World Bank Group, number 11881.
    12. Djedje Hermann Yohou, 2015. "In Search of Fiscal Space in Africa: The Role of the Quality of Government Spending," CERDI Working papers halshs-01222812, HAL.
    13. Simplice A. Asongu, Nicholas M. Odhiambo, 2021. "Taxation, foreign aid and political governance in Africa," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 18(2), pages 217-249, December.
    14. repec:idq:ictduk:13711 is not listed on IDEAS
    15. repec:idq:ictduk:13551 is not listed on IDEAS
    16. Savoia, Antonio & Sen, Kunal & Tagem, Abrams M. E., 2023. "Constraints on the executive and tax revenues in the long run," Journal of Institutional Economics, Cambridge University Press, vol. 19(3), pages 314-331, June.
    17. Odd-Helge Fjeldstad, 2013. "Taxation and Development: a Review of Donor Support to Strengthen Tax Systems in Developing Countries," WIDER Working Paper Series wp-2013-010, World Institute for Development Economic Research (UNU-WIDER).
    18. Paul Mosley, 2012. "The politics of what works for the poor in public expenditure and taxation: a review," Global Development Institute Working Paper Series esid-011-12, GDI, The University of Manchester.
    19. Soko Aida, 2018. "(Dis)Advantages af Decentralization Models Driven by Non-Economic Reasons: The Case of Bosnia and Herzegovina," South East European Journal of Economics and Business, Sciendo, vol. 13(1), pages 81-92, June.
    20. repec:idq:ictduk:13735 is not listed on IDEAS
    21. Engelmann, Tobias & von Haldenwang, Christian & Sahler, Gregor & Elfert, Alice & Germain, Samuel & Stanzel Ferreira, Amelie, 2015. "The devolution of the land and building tax in Indonesia," IDOS Studies, German Institute of Development and Sustainability (IDOS), volume 89, number 89, March.
    22. Matti Ylönen, 2017. "Policy diffusion within international organizations: A bottom-up analysis of International Monetary Fund tax work in Panama, Seychelles, and the Netherlands," WIDER Working Paper Series 157, World Institute for Development Economic Research (UNU-WIDER).
    23. Sergio Bejar & Bumba Mukherjee & Will Moore, 2011. "Time horizons matter: the hazard rate of coalition governments and the size of government," Economics of Governance, Springer, vol. 12(3), pages 201-235, September.
    24. Schützhofer, Timm B., 2016. "Ecuador’s fiscal policies in the context of the citizens’ revolution: a ‘virtuous cycle’ and its limits," IDOS Discussion Papers 15/2016, German Institute of Development and Sustainability (IDOS).

    More about this item

    Keywords

    indirect taxation; VAT; excises; customs duties; double taxation; personal income taxation; tax administration;
    All these keywords.

    JEL classification:

    • F30 - International Economics - - International Finance - - - General
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ssi:jouesi:v:8:y:2020:i:1:p:138-149. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Manuela Tvaronaviciene (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.