THE COMPETITIVENESS OF THE ECONOMY FROM THE PERSPECTIVE OF TAX POLICY.

Monitoring the competitiveness of the economy is becoming an important part of evaluating not only the national economy but also the entire economic groupings. In general, the prevailing view is that the competitiveness of the state is influenced primarily by the so called non-tax factors, which might include, in particular, the stability of the macroeconomic environment, law enforcement, construction of infrastructure, educational level of the population, and the like. Also rate of the tax burden, measured by various indicators, has its place in assessing the competitiveness of state, respectively states. According to its amount, investors often decide in which country they will do business, respectively place their investments. Taxes are not only an important source of revenues for public budgets, but the applicable tax policy is an important factor for economic growth and can influence the competitiveness of the economy. Because the competitiveness can be studied from different aspects - some of them are presented in this contribution. [ABSTRACT FROM AUTHOR]