Contents



Chapter 7 **Optimal Taxation of Consumption in the Scope of Changing Elasticities of Demand: Re-reading Ramsey 123** Deniz Aytaç


Preface

world and the European Union is introduced.

tive effect on economic growth.

and tax harmonization in the EU.

Taxes are a constant part of life for every company and a constant element of economics, finance, and financial law. Any changes observed in the science and theory also apply to the importance and position of taxes in the practice of corporate finance, public finance, and economic growth. Beside this, a new meaning of taxes in the economies of countries in the

Taxes will always introduce risks and uncertainties in business, due to the high volatility and uncertainty of tax law. Moreover, being a category that affects the economic growth, they cause disturbances in stability and welfare of the state. Therefore, while considering the essence of taxes in a country, one should not consider this category in isolation from corpo‐

Tax is a specific financial category, resulting from the characteristics of financial phenom‐ ena, and it shows the specificity of every country in the world. The specificity of taxes lies primarily in the fact that it determines the wealth of nations and economic development. Tax system is related to the wealth of the whole nation. Tax is a category that has a destruc‐

The views of A. Smith contained in The Wealth of Nations, which indicates the relationship between an individual's and the nation's wealth and the state tax policy are worth quoting. A. Smith draws attention to the many differences between the interests of an individual and

This book presents an introductory overview of taxes and taxation trends in the world and European Union. Moreover, this book also provides a comprehensive account on economic growth, social policy and social welfare, and the importance of taxes in the corporate finance

This book will be beneficial for the graduate students, teachers, and researchers in econom‐

The book comprises a total of 13 chapters from multiple contributors around the world, in‐ cluding Poland, Lithuania, Slovakia, , Nigeria, the UK, Republic of Korea, Turkey, Brazil, Japan, and México. We are grateful to all the contributors and leading experts for the sub‐ mission of their stimulating and inclusive chapters in the preparation of the edited volume to bring the book on taxes and taxations into the world. We offer our special thanks and appreciation to Ms. Romina Skomersic, Publishing Process Manager, for her encouragement

**Prof. dr hab. Jolanta Iwin-Garzyńska**

Faculty of Economics and Management

University of Szczecin, Poland

Department of Corporate Finance and Taxation

ics, finance, public finance, corporate finance, and tax law and in the practice.

rate finance and social welfare. Two things are certain in the world: death and taxes.

of the state and to the search for a compromise in fiscal policy.

and help in bringing out the book in the present form.

