engleski

INFLUENCE OF THE INCOME TAX RATE REDUCTION ON GDP GROWTH IN THE REPUBLIC OF CROATIA

Fiscal policy is one of the factors that can positively or negatively affect the GDP value movements. The Republic of Croatia with its last tax reform, which was adopted at the end of December 2016 and which came into force on 1 January 2017 attempted to reduce the tax burden of its citizens and boost the GDP growth, aiming to have an impact on economy's positive growth as a long-term goal. The study analyzes the macroeconomic variables, their intercorrelations, the GDP movements, with an emphasis on the impact of income tax on GDP growth. The paper also shows the limitations of fiscal and monetary policy, as well as some guidelines that may stimulate the GDP growth in the Republic of Croatia.

economic growth, income tax, monetary policy, gross domestic product (GDP), fiscal policy

Zbornik se referira i u sljedećim bazama: ProQuest, EBSCO