POSSIBLE TAX MODELS TO STIMULATE THE ECONOMY IN LATGALE REGION

Abstract

Since regaining the state independence, Latgale region in terms of its development has been lagging behind other regions of the country. It is demonstrated by the index of territorial development, which is drawn up annually and characterizes specific self-governments or regional socio-economic perspectives. The authors based on the identified shortcomings offer potential solutions for the problem. The aim of the article is to formulate and evaluate proposals for possible tax models in order to stimulate the economy of Latgale region. Consequently, the article defines problems, which hinder the economic development of Latgale region as well as analyzes and proposes possible tax models elaborated to solve the defined problems in the framework of the present study.