ECONOMIC DIMENSION OF HARMONIZING PERSONAL INCOME TAXATION IN THE EUROPEAN UNION COUNTRIES
ECONOMIC DIMENSION OF HARMONIZING PERSONAL INCOME TAXATION IN THE EUROPEAN UNION COUNTRIES

Summary/Abstract: Personal income tax (hereinafter referred to as PIT) has a short history, as it appeared in tax systems of EU countries as late as at the end of the 18th century. As a specific universal construction it performs two economic functions: providing financial means for covering some public expenses (fiscal function), leveling off – through its construction – inequalities in population incomes (redistribution function) and implements social functions of taxation through various tax reliefs and exemptions or the construction of the tax scale.

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