TAX POLICY IN SMALL AND MEDIUM SUB-FUNCTION FUNDS
TAX POLICY IN SMALL AND MEDIUM SUB-FUNCTION FUNDS

Summary/Abstract: Small and medium enterprises represent a very important base for a country's economic development. For their functioning, there is a need for free market, private property, freedoms and rights of individuals, as well as institutional support from state bodies. The largest expansion of the formation of small and medium-sized enterprises took place after the transformation of capital from state and social property into joint stock companies and private enterprises and the creation of legal conditions for their functioning. All countries that have passed the transition period try to create favorable conditions for business activities. This support is done through the deregulation of the old system, the adoption of laws for the development of the market of goods and services, the labor market and the free movement of capital market. With these reforms it is possible to create favorable conditions for business activities, limiting the state intervention to the economic life of the subjects as well as building the institutional infrastructure for the support of small and medium enterprises.

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