Economic Archive

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  FUNDED PENSION SYSTEM OF ARMENIA: PROBLEMS, DEVELOPMENT PROSPECTS, ROLE IN ECONOMIC GROWTH

  The pension fund system, both in theory and in practice, solves many important problems from the point of view of the country's economic development. In particular, the social issue is being solved, in many respects it contributes to equalizing the incomes of the population, raising the level of the population of retirement age, and many other ... The pension fund system, both in theory and in practice, solves many important problems from the point of view of the country's economic development. In particular, the social issue is being solved, in many respects it contributes to equalizing the incomes of the population, raising the level of the population of retirement age, and many other social and economic tasks. However, when it comes to developing markets, the funded pension system requires closer attention both from the side of supervision and from the point of view of the very mechanisms and principles for implementing the funded pension system in the country. This study is devoted to the analysis of the funded pension system of the Republic of Armenia, in terms of the effectiveness of its investments and the impact on the country's economic growth.

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  THE EMERGING CHANGES IN THE ACCOUNTING PROFESSION AND THE ACCONTING PRACTICE UNDER THE INFLUENCE OF TECHNOLOGY

  The implementation of new technologies in accounting brings many benefits for the future, but also carries many risks. In the current digital era, the adequate practical application of technologies in accounting can become a strategic advantage for companies. In relation to the digitalisation and the upcoming organizational changes, both in the ... The implementation of new technologies in accounting brings many benefits for the future, but also carries many risks. In the current digital era, the adequate practical application of technologies in accounting can become a strategic advantage for companies. In relation to the digitalisation and the upcoming organizational changes, both in the sphere of accounting and in the companies themselves, accounting specialists are a key factor for success. This study gives a thorough overview and analysis of specialised literature in this area and a number of empirical studies. The results show that the literature mainly focuses on certain technologies, while other are actually used in practice. Differences have been identified between the accounting practices of the USA and the European countries. The authors outline three directions in which technologies help accounting teams to transition to modern accounting and effectively perform their tasks in the digital world. The conclusion is that today, specialised skills and strategic thinking of accounting specialists are particularly important and in the near future, they will not be entirely displaced by technologies.

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  INFORMATION COMMUNICATION TECHNOLOGY TAXATION AND TAX EARNINGS IN A LOW-INCOME ECONOMY

  Over the years, information and communication technology has made its way into industrialized countries, and through technology transfer, it is also rapidly expanding in less developed ones. These technology advances provide distinct economic benefits to emerging countries such as Nigeria. Aside from market expansion, the advancement of ... Over the years, information and communication technology has made its way into industrialized countries, and through technology transfer, it is also rapidly expanding in less developed ones. These technology advances provide distinct economic benefits to emerging countries such as Nigeria. Aside from market expansion, the advancement of information and communication technology has raised government revenue through the establishment of a specific fee on the revenues of corporations involved in broad technologically based operations. The primary goal of this research is to investigate the influen¬ce of national information communication technology development taxation on general tax income in Nigeria. This study covers a period from 2010 to 2019 using data gathered from OECD and FIRS statistics. The dependent variable is the total tax revenue and the predictor variables are the national information technology development levy (NITDL) or tax and trade openness. Using the regression analysis tool, the study finds that NITDL contributes positively and significantly to total tax income at 1% level of significance while trade openness contributes to tax revenue at 10% significance level. Both outcomes are significant and commendable. The policy implication is that the government should support all information communication technology growth in the country for more inflow of international business links and for tax revenue growth in the country. The study recommends stable power supply for effective application of information communication technologies such internet network, website developments and effective operations.