World Economy

The land tax and the tax on property of physical persons are established by the Tax Code and standard legal acts of representative bodies of settlements (municipal areas), city districts about taxes and are obligatory for payment in territories of corresponding settlements (inter-settled territories), city districts if other is not provided by point 7 of the present article. The land tax and the tax on property of physical persons shall be put into effect and cease to operate on the territories of...

Europe has also come to capitalism, but through religion in another way. Protestantism, which emerged as a counterbalance to Catholicism, created a new model of ethics, where hard work and the accumulation of money as the tangible equivalent of divine grace became the main values. Germany, England and Holland lived by the principle that if you worked in the sweat of the face, counted every penny and eventually saved a million, then you are chosen by God and will be saved. In Germany (which is inhabited...

It is safe to say that entrepreneurship was born at a time when people invented natural exchange. Handicrafts, highly primitive technologies and community ways of life have led to the need to change one product to another. The most enterprising citizens quickly realized that by creating a deficit for a particular commodity, its value could be greatly increased, thus making it more liquid. That is when the world was differentiated between rich and poor. Entrepreneurship developed together with humans...

Problems of taxation of small businesses are relevant in many countries, including Russia, due to existing contradictions in tax legislation and its instability. Peculiarities of taxation of small business entities also depend on the country, on the forms of ownership, on the benefits provided by various types of small business activities. Over the last decade, we have been talking a lot about the exceptional importance of small business for the development of the economy, the formation of the "middle class", and ensuring political and social stability in society...

Another form of credit system regulation by the central bank is open market operations with government bonds by means of their purchase and sale by credit and financial institutions. By selling government bonds, the central bank reduces the cash resources of banks and other financial institutions and thus contributes to raising interest rates in the capital market. This makes credit institutions legally obliged to buy a certain part of government bonds, thus financing budget deficits and public debt...