Tax Systems in Transition Countries, Impact on Capital Formation : Tax Systems in Transition Countries and their Impact on Capital Formation: Lessons for Kosova

Over the past decade and a half we have seen how far countries can go in changing their economic and political system. Transition from central planning to market economy has been both difficult and challenging. Some countries have proceeded quite well but others are very far away. To ensure success of transition, countries will need to develop institutions that are necessary for private markets to operate successfully and establish a government which, will help the market economy to develop.