Problems of Stamp Duty Levying in Bulgaria between the two World Wars

Peter Stoyanov ()
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Peter Stoyanov: University of National and World Economy, Sofia, Bulgaria

Ikonomiceski i Sotsialni Alternativi, 2017, issue 2, 77-86

Abstract: The Stamp duty representing a specific tax levied on a wide range of written documents is known to the specialists in economic history mainly thanks to its central role in the revolutionary movement of the American colonies against the British Empire. The analogous application of the tax in the period between the two World Wars and the problems that it creates in Bulgaria are poorly known and not sufficiently studied by our economic historians. The negative aspects and the problems associated with this type of tax in British and world history are mostly purely political in nature while in the specific study the main focus for the author will be to prove the thesis that in Bulgaria they relate to fiscal fanaticism, the inadequacy, the complexity, the defects of the legislation itself along with the tax policy of the state as a whole. Through analysis of the tax legislation, the negative impact of Stamp duty laws is revealed in several different directions. Aspects of the law expressing and leading to extreme fiscalism, imbalance, complexity and poor performance. Aspects that have a negative impact on the money supply, credit, savings deposits and the economy as a whole. Aspects which are immoral, irrational and disproportionate in nature.

Keywords: stamp duty; tax policy and legislation; fiscal fanaticism (search for similar items in EconPapers)
JEL-codes: N23 N24 N43 N44 (search for similar items in EconPapers)
Date: 2017
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