The fiscal system as a factor of socio-economic development

Abstract

The issue of the thesis was to investigate the relation between the informal economy and the development of a country. The focus is on how the informal economy affects the revenue of a country and this is partially quantified. It is observed how international standards could improve transparency in transfer pricing operations. Finally, it is demonstrated how the source of finance could affect the taxed paid or the margin applied. Below is a summary of the findings.