Abstract
The standard of living of the inhabitants of Latvia, especially in the context of material well-being or disposable income, is a guarantee that the inhabitants will be able to meet their basic needs, which are important for ensuring an adequate standard of living. Inhabitants ensure their material well-being mainly by working and receiving a net salary, which is paid after the calculation and deduction of labour taxes. However, the state is essentially the same inhabitant, which has its own basic needs, the financing of which requires income, which is mainly obtained after the collection of certain taxes, which accordingly reduces material well-being or disposable income of the inhabitants which is an essential component of the standard of living.The goal of the research: to investigate the impact of the labour taxes on the standard of living of the inhabitants of Latvia. The research uses general scientific research methods: the method of monographic or descriptive research, the comparative analysis method, an expert survey, data grouping, and the graphical method. Authors of the paper believe that employees employed in Latvia should be encouraged to use the possibilities of gross salary relief, thus promoting the growth of their net salary. In order to raise the living standards of the inhabitants in the short and long term, the government of Latvia and local governments must emphasize their attention to the growth of the national economy. The government of Latvia and local governments must implement measures aimed at raising the long-term living standards of the population and gaining material benefits in the future.
Highlights
The standard of living of inhabitants of a particular country is defined as the degree of satisfaction of the material and cultural needs of the inhabitants (Bērziņa et al, 2008), one of the most important aspects in the life of an individual (Varvazovska, Prasilova, 2015), which depends on such factors as income of the group of individuals, purchasing power of money, number and age of the group members, management skills and standard of living (Grēviņa et al, 2000)
The calculated concordance coefficient W = 0.49 indicates that the experts were generally united in their views and unanimously acknowledged the availability of education as the most important measure implemented by the government of Latvia and local governments with the aim to increase the standard of living of the inhabitants
The experts assessed the reduction and increase of the labour tax burden as the third most important measure implemented by the government of Latvia and local governments with the aim to increase the standard of living of the inhabitants
Summary
The standard of living of inhabitants of a particular country is defined as the degree of satisfaction of the material and cultural needs of the inhabitants (Bērziņa et al, 2008), one of the most important aspects in the life of an individual (Varvazovska, Prasilova, 2015), which depends on such factors as income of the group of individuals, purchasing power of money, number and age of the group members, management skills and standard of living (Grēviņa et al, 2000). Taxes are a component of state revenue that provides state budget revenue and the well-being of the inhabitants and the national economic development index. By generating revenue, the government can ensure the country's economic growth and increase the standard of living of the inhabitants (Puzule, 2019). The authors believe that the tax reforms implemented to increase state budget revenues result in an additional tax burden on the inhabitants, reducing their disposable income, which in the long run has an impact on the standard of living of the inhabitants. The goal of the research: to find out the impact of the labour taxes on the standard of living of the inhabitants of Latvia. 2. To assess the impact of the labour taxes on the standard of living of the inhabitants. The research uses general scientific research methods: the method of monographic or descriptive research and the comparative analysis method, an expert survey, data grouping, and the graphical method
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