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Justice in taxation depends on implementing the principle of proportionately equal burden on all, where one has no choice but to use the devices of cardinally measurable utility and interpersonal comparisons. Despite levies by multiple levels of government and subdivision into different taxes, the overall principle applies of equal burden. This stands despite connecting up with two related enquiries – equity in allocating public goods and services, and fair distribution of income and wealth after taxation and return of public goods. The elements introduced into the argument are not new, but they are fitted into an overview of just allocation of direct and indirect taxation. While the principles of equity stand in distributing the burden of taxation and benefits of public goods, their translation into practice depends on democratic debate and decision in the free society, so that it is a never‐ending exercise evolving along with the economy and society in question.

One of the several claims that Seligman makes for Rooke is that he should be accorded priority in the discovery of the correct, that is Ricardian, doctrine of rent:there seems little doubt that the doctrine of rent was developed practically simultaneously by Malthus, West, Torrens and Rooke in 1814, but so far as the priority of actual publication is concerned, the above list should be reversed. And in the interests of historical accuracy, Rooke and Torrens must hereafter be accorded the position which they deserve. (Seligman, 1903, p. 512)¹

One of the most important challenges that the member states of the European Union have before them lies in future decisions that will have to be adopted in relation to fiscal policy. Most of the economies share the aim of achieving public deficit reductions, without increasing fiscal pressure unduly, and through measures to control public expenditure, as well as the problems derived from fiscal integration and fiscal reform. The Basque Country is a region endowed with most of the instruments of economic policy, fiscal policy included. The “Concierto Económico” (Economic Agreement) means that the Basque Country can regulate and collect all taxes of the tax system in an autonomous manner, as any other member state of the European Union can. That is why all the above mentioned questions are as relevant to the Basque Country as they are to all other countries. This is especially true at a moment where initiatives of a structural character are all the more necessary, but where also considerable weight has to be laid on measures tailored to the current circumstances which not only enable us to get out of the crisis as quickly as possible, but also promote investment, improve competitiveness and reduce unemployment as well. Explains and analyses the main current problems of fiscal and financial policy from the particular perspective and initiative of the Basque Country.

The volatile tax system is a huge disincentive for taking business, as frequent changes in the tax system create extremely difficult problems. It is a major barrier to entrepreneurship, it fails to address them economic inequalities, is too complex, changing very often, and is made in a way that facilitates tax evasion.

The factors that discourage investors from investing in our country are as follows (as research has shown in the past five years in our country by researchers and scientists): high taxation, complex institutional framework, bureaucracy, corruption, political liquidity and limited access to finance. These pathogens hamper the ability of the economy to produce competitive goods and quality services on the market.

The purpose of this paper is to investigate the main pathogens of the tax system which are a brake on the development of Greek entrepreneurship and how they can be tackled so that our country produces competitive goods and quality services.

The present study investigates the role of fiscal illusion on income inequality in 46 selected countries in terms of income and development levels from 2002 to 2017.

The effect of fiscal illusion on income inequality is tested using the two-step system generalized method of moment (SYS-GMM) estimator.

The findings reveal the negative effect of fiscal illusion on income inequality, which means increasing fiscal illusion decreases income inequality in 46 selected countries. As in other countries, income inequality declines when fiscal illusion increases in high-income and developed countries, although the redistributive effect of fiscal illusion is more in high-income and developed countries than in other countries. In addition, the results demonstrate the positive effect of unemployment, urbanization and inflation as well as the negative effect of trade openness on income inequality in all three models.

Previous studies have examined the role of government in controlling income inequality from different perspectives; however, no study has detected the role of government in income distribution regarding fiscal illusion.

The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-05-2022-0311.

The article reviews the development of the international (offshore) banking sector in Cyprus and focuses on the effects of the transitional corporate tax regime, introduced for this sector, since the country’s admission into the European Union. The consolidated performance of international banks and data collected through semi‐structured questionnaires are examined to provide important insights into how management perceives of the new tax regime and of its impact upon the country’s attractiveness as an international banking center.