http://hdl.handle.net/11089/43221 2026-04-03T23:11:19Z http://hdl.handle.net/11089/43309 Introduction to the Journal Issue Bolek, Monika 2022-09-14T00:00:00Z http://hdl.handle.net/11089/43238 Costs and Taxes in the Light of Financial Management in Companies Listed on WSE Lyroudi, Katerina; Bolek, Monika The purpose of the article/hypothesis: The goal of this paper is to present costs and taxes as a part of financial management process in companies listed on the WSE. In the hypothesis it is expected that costs influence taxes paid by companies in a negative way due to the tax avoidance purpose attitude presented by managers, and as a result, both liquidity and debt levels are influenced.Methodology: Correlation coefficients and regression models are evaluated to find the answers for the research questions related to the relationships between tested variables.Results of the research: The correlation between costs and taxes is negative as expected, as well as their relationship with the liquidity. Contrary to the expectations, the correlation between taxes and costs is mostly positive, alike the relationship between liquidity and debt. Findings are characteristic for the Polish market that is rather conservative in the approach to taxes, liquidity and leverage strategies compared to other developed markets. These findings prove that liquidity and debt management issues are subjective and related to the market behavior such as tax evasion attitudes. 2022-09-14T00:00:00Z http://hdl.handle.net/11089/43239 Cryptocurrency Market and Tax Regulations in Turkey: an Analysis in the European Emerging Economy Zengin, Burcu; Kocoglu, Sahnaz The aim of the article: The purpose of this study is to provide a thorough review of the current state of cryptocurrency market and how governments perceive and deal with the threats and opportunities brought by the block chain technology. Cryptocurrencies were certainly the most popular investment in the last decade with a skyrocketing trading volume. However, cryptocurrency abilities in money laundering, financing terrorism and tax evasion overshadow the great opportunities and potential of this new technology. Therefore, the major economies in the world have been working on an efficient and effective strategy to control and tax the cryptocurrency market. In this study, the current state in Turkey regarding cryptocurrency taxation is analysed and a tax system is proposed. The authors claim that the Tobin tax, or in other words, low tax rates would be the best tax system to be applied in Turkey.Methodology: The study is based on a detailed literature review on the subject, academic papers, news releases and legal acts of the USA, Europe and Turkey. Different attitudes of varied groups are discussed and proposed solutions in the subject are being considered.Results of the research: Cryptocurrency market has a great potential and block-chain technology is full of opportunities. However, it is essential to control this market without harming the appeal of cryptocurrencies, yet this is not an easy task. Therefore, we argue that Turkey should extend the usage of cryptocurrencies, create a tax strategy with low tax rates and we claim that a regulation similar to the Tobin tax application would be effective here. 2022-09-14T00:00:00Z http://hdl.handle.net/11089/43237 Selected Cryptocurrency Returns and Capital Gains Tax - Based on the Example of Countries with Varying Degrees of Legal Regulations Concerning Cryptocurrencies Gniadkowska-Szymańska, Agata; Olgić Draženović, Bojana; Suljic Nikolaj, Stella The purpose of the article/hypothesis: The purpose of this article is to present the impact of capital gains tax on the returns of the two most popular cryptocurrencies: BITCOIN and Ethereum Classic (ETC).Methodology: In this study, the rates of return on selected cryptocurrencies were proposed as a variable that may be affected by taxes on capital gains. The article presents a new approach to the analysis of issues related to cryptocurrencies.Results of the research: The results show that for selected countries (Hungary, Italy, Poland, the USA) there is a correlation between the tax rate on capital gains and the return on ETC. In the case of BITCON, however, there is no such a relationship.; Cel artykułu/hipoteza: Celem niniejszego artykułu jest przedstawienie wpływu podatku od zysków kapitałowych na zwroty dwóch najpopularniejszych kryptowalut: BITCOIN i Ethereum Classic (ETC).Metodyka: W niniejszym opracowaniu stopy zwrotu z wybranych kryptowalut zostały za-proponowane jako zmienna, na którą mogą wpływać podatki od zysków kapitałowych. Artykuł przedstawia nowe podejście do analizy zagadnień związanych z kryptowalutami.Wyniki/Rezultaty badania: Wyniki pokazują, że dla wybranych krajów (Węgry, Włochy, Polska, USA) istnieje korelacja między stawką podatku od zysków kapitałowych a zwro-tem z ETC. W przypadku BITCON-u jednak takiej relacji nie ma. 2022-09-14T00:00:00Z