ECONOMIC RESEARCH OF EXCISE DUTY

Abstrakt

Comparative study of the excise duty (tax) as a fiscal policy instrument and as an item of budget revenue is presented in the article. Excise duty revenues in Latvia are explored in-depth; correlation between the excise duty revenue and specific macroeconomic indicators is assessed. Furthermore, the main taxation tendencies - considering excise duty as an important source of financial resources revenue of the national tax system, an indicator of people living standards, and an important instrument defining price and demand for excise goods - are reviewed in the article.