Liberalisation of taxation as a prerequisite to forming a pleasure economy: special tax regimes, tax holidays and family business taxation

Irina V. Gashenko, Irina V. Orobinskaya, Yulia S. Zima and Tatyana V. Makarenko

International Journal of Trade and Global Markets, 2021, vol. 14, issue 4/5, 459-467

Abstract: This research is aimed at identifying the prospects and developing recommendations for the optimisation of liberalisation of taxation as a prerequisite to forming a pleasure economy. The methodologies of this paper include a time-series analysis method (using regression and correlation analysis), as well as a survey method (for the collection of empirical data not available from official statistics). It has been proved that liberalisation of taxation is a prerequisite to forming a pleasure economy. However, the beneficial effect of liberalisation of taxation associated with increased happiness of entrepreneurs may vary; in particular, it can be zero and even adverse. As exemplified by contemporary Russia, an overall reduction of the tax burden on business is the least preferred option for liberalisation of taxation. Being intended to fully cover the entire business, it does not increase happiness of entrepreneurs.

Keywords: liberalisation of taxation; pleasure economy; Russia; happiness of entrepreneurs; special tax regimes; tax holidays; family business taxation. (search for similar items in EconPapers)
Date: 2021
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