UZŅĒMUMA IENĀKUMA NODOKĻA 2018. GADA IZMAIŅAS UN TO IETEKME UZ ZAĻO EKONOMIKU.
- Resource Type
- Article
- Authors
- Avotiņa, Gita
- Source
- XXII Turiba University Conference - Artificial Intelligence & Green Thinking. 2021, p6-14. 9p.
- Subject
- Language
- Latvian
Strategic planning of taxes is substantial for the development of all countries. The impact of any amendments should therefore be analysed in-depth and assessed beforehand. A failure to do an appropriate estimation can lead to the lack of funds in government accounts and subsequent increases in government debt or unplanned amendments in taxes to ensure the required collection of funds. The aim of the article is to find out the impact of the amendments in corporate income tax as of 2018 and to analyse their correlation with green investments and green economy. The research is based on data analyses and assessment of corporate income tax revenues from 2016 till 2020 with the aim of determining the impact of the amendments. The data show a significant decrease in corporate income tax revenues. The general concept of the amendments was to stimulate re- investing of profits without differentiation by their substance. More favourable provisions concerning re-investing of funds in green investments are not foreseen by the Corporate Income Tax Law. Thus, the main result from the corporate income tax perspective is that companies are not stimulated to support a particular sector as a green economy regardless of the changes made. [ABSTRACT FROM AUTHOR]