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In the new issue of the journal read the paper by Mihaela Bronić and Vjekoslav Bratić Can the efficiency of the Croatian tax authorities be improved? on efficiency of Croatian tax authorities from 1997 to 2012. The administrative costs of taxation in Croatia, as a percentage of GDP, decreased slightly over the past fifteen years but still remain above the EU average. Thus, there is a need to reduce the administrative costs of taxation by identifying and abolishing nuisance taxes that raise very little revenue and have high administrative costs. Stjepan Gadžo and Irena Klemenčić in the paper Time to stop avoiding the tax avoidance issue in Croatia? A proposal based on recent developments in the European Union analyse the approach to tax avoidance in Croatia and expound its existing shortcomings. Based on current proposals and recent developments in the EU, the authors propose the introduction of a General Anti-Avoidance Rule (GAAR) in Croatian tax legislation. Special emphasis is placed on the requirements of legal certainty, a traditional weak spot of the Croatian tax system. The proposal is put in the context of the persistent quest for a sustainable public finance system in times of crisis. Dinka Antić in the paper Efficiency of a single-rate and broad-based VAT system: the case of Bosnia and Herzegovina analyses the performance and efficiency of the VAT system in B&H and explore the effects of internal and external factors influencing VAT collection. Ever since its implementation, VAT collection in B&H has been subject to strong oscillations, from an extremely high performance in the first two years after the introduction, to a sharp drop at the beginning of the crisis. Miroslav Mateev and Iliya Tsekov in the paper Are there any top FDI performers among EU-15 and CEE countries? A comparative panel data analysis investigates the relative importance of different macroeconomic, policy and institutional factors as determinants of FDI inflows into the transition economies in Central and Eastern Europe (CEE) and compares them with the more developed Western European countries. They conclude that the top ten FDI performers are able to attract a significant amount of FDI because of their macroeconomic stability and high level of institutional development, while for EU countries with low FDI dominance, policy and institutional risk factors play a more important role. Anto Bajo reviews the book by Petar Filipić Anatomija destrukcije: politička ekonomija hrvatskog visokog školstva.
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In the latest Press Release entitled New IMF Index of Fiscal Transparency: Citizens should be involved in fiscal decision-making, Katarina Ott writes about the Fiscal Transparency Code, published this August by the International Monetary Fund. With this Press Release the Institute of Public Finance, as a member of the Global Movement for Budget Transparency, Accountability and Participation, marks The International Right to Know Day.