✓ ✔ ✔ ✕ ✖ ✗ ✘ ✙ ✚ ✛ ✜ ✢ ✜ ✣ ✒ ✟
–
✓ ✔ ✔ ✕ ✤ ✁ ☎ ✝☛☎ ✎ ✥ ✗ ✘ ✙ ✦–
✦ ✧ ✣ ✙ ✒ ✓ ✔ ✔ ✕–
★ ✩✗ ✘ ✙ ✚
–
✜ ✢ ✜ ✣✪ ✎ ✆ ✄ ✫ ✓ ✫ ✒ ✕ ✁ ✬ ✗ ✒ ✗ ✘ ✭ ✜ ✒ ✮ ✮ ✬ ✙ ✗ ✛✣ ✘
✯ ✰✱ ✰✲ ✳✴ ✵✳✶ ✯ ✰✱ ✴ ✷ ✸ ✹ ✺ ✶ ✯ ✰✱ ✻ ✼
✽ ✾ ✿ ❀❁ ❂ ❁ ❃ ❄ ❅❀❁ ❆ ❀❇ ❈ ❀❉ ✽ ✾ ❀❄ ❅❁ ❂ ❇ ❊ ❋ ● ❁ ❉ ✽ ❁ ❍ ❀■ ❀❁ ❂ ✾ ✿
❏ ✺ ✼ ✻ ❑✵ ▲ ✷ ▼ ◆ ✼ ✷ ❖ ✷ P ✳✼ ✴
“
◗ ✻ ✸❘ ❑ ❙ ❑✺ ✳✼ ✻”
❚❖ ✳❯ ❘ ✸✴ ✳ ✵▲ ✷ ▼ ◗ ✸ ✺ ❱ ✶ ✲ ✷ P ✺ ❖ ✳✺
❲ ● ❇ ❈ ❋ ❁ ✿ ❈
❳ ❨ ❘ ▼ ✳✴ ✼ ✺ ❑ ❩ ✷ ❑✳✼ ▲ ❨ ✺ ✴ ✵❨ ❘ ❩ ✻ ✸ ❩ ✷ ✴ ❘ ✵✷ ❱ ❘ ❑✳P ✳✵ ✹ ✸ ✷ ✺ ❱ ❑▲ ✵❨ ❘
❯ ✷ ❑✻ P ❘ ✺ ❖ ❱ ✵❨ ❘ ✴ ✵✸ ✻ ✼ ✵✻ ✸ ❘ ✷ ▼ ✷ ❩ ✵✳P ✻ P ✵✺ ❬ ✸ ❘ ❯ ❘ ❖ ✻ ❘ ✴ ✶ ✳❖ ✷ ✸ ❱ ❘ ✸
✵✷ P ✺ ✳❖ ✵✺ ✳❖ ✺ ▼ ✳❖ ✺ ❖ ✼ ✳✺ ❑ ❘ ❭ ✻ ✳❑ ✳✹ ✸ ✳✻ P ✰ ✯ ✳❪ ❘ ❫ ✳✴ ❘ ✶ ✵❨ ❘ ▼ ✳✴ ✼ ✺ ❑
❩ ✷ ❑✳✼ ▲ ✴ ❨ ✷ ✻ ❑❱ ▼✳✵ ❫ ✳✵❨ ✳❖ ✵ ❨ ❘ ❖ ✺ ✵✳✷ ❖ ✺ ❑ ❘ ✼ ✷ ❖ ✷ P ✳✼ ✺ ❖ ❱ P ✺ ✼ ✸ ✷ ❴
▼ ✳❖ ✺ ❖ ✼ ✳✺ ❑ ✷ ✹ ❵ ❘ ✼ ✵✳❯ ❘ ✴ ✰ ❏ ✸ ✷ P ✵❨ ✳✴ ❩ ❘ ✸ ✴ ❩ ❘ ✼ ✵✳❯ ❘ ✶ ▼ ✳✴ ✼ ✺ ❑✳✵▲ ✳❖ ❨ ✳✹ ✳✵ ✴
✼ ❘ ✸ ✵✺ ✳❖ ✺ ✼ ✵✳❯ ✳✵✳❘ ✴ ✵❨ ✸ ✷ ✻ ❛ ❨ ✵❨ ❘ ✳❖ ✼ ✸ ❘ ✺ ✴ ❘ ✷ ▼ ✵✺ ❬ ✹ ✻ ✸ ❱ ❘ ❖ ✶ ❫ ❨ ✳❑❘
✴ ✵✳P ✻ ❑✺ ✵✳❖ ❛ ✷ ✵❨ ❘ ✸ ✴ ✵❨ ✸ ✷ ✻ ❛ ❨ ✵✺ ❬ ✳❖ ✼ ❘ ❖ ✵✳❯ ❘ ✴ ✰ ✯ ✳❪ ❘ ❫ ✳✴ ❘ ✶ ✵❨ ❘ ✵ ▲ ❩ ❘
✺ ❖ ❱ ❖ ✻ P ✹ ❘ ✸ ✷ ▼ ✼ ❨ ✺ ❖ ❖ ❘ ❑✴ ✵❨ ✺ ✵ ✼ ✷ ❖ ✵✸ ✳✹ ✻ ✵❘ ✵✷ ✵❨ ❘ ✼ ✷ ❖ ✴ ✷ ❑✳❱ ✺ ✵❘ ❱
✹ ✻ ❱ ❛ ❘ ✵ ✺ ✸ ❘ ❨ ✳❛ ❨ ❑ ▲ ✸ ❘ ❑❘ ❯ ✺ ❖ ✵ ▼ ✷ ✸ ✵❨ ❘ ❱ ❘ ▼ ✳❖ ✳✵✳ ✷ ❖ ✷ ▼ ✵❨ ❘ ✴ ✵✺ ✵❘
▼ ✳✴ ✼ ✺ ❑ ❩ ✷ ❑✳✼ ▲ ✰
❜ ❄ ❝ ❞ ❊ ❋ ❡ ❇ ❢ ✵✺ ❬ ✸ ❘ ❯ ❘ ❖ ✻ ❘ ✴ ✶ ▼ ✳✴ ✼ ✺ ❑ ❩ ✷ ❑✳✼ ▲ ✶ ❩ ✻ ✹ ❑✳✼ ✸ ❘ ✴ ✷ ✻ ✸ ✼ ❘ ✴
❣ ■ ❈ ❋ ❊ ❡ ✾ ✿ ❈ ❀❊ ■
❳ ❨ ❘ ✲ ✷ P ✺ ❖ ✳✺ ❖ ▼ ✳✴ ✼ ✺ ❑ ❩ ✷ ❑✳✼ ▲ ✷ ❯ ❘ ✸ ✵❨ ❘ ❑✺ ✴ ✵ ❱ ❘ ✼ ✺ ❱ ❘ ❤ ✵❨ ❘ ✺ ❖ ✺ ❑▲ ✴ ✳✴
❩ ❘ ✸✳ ✷ ❱ ❩ ✸ ✷ ❩ ✷ ✴ ❘ ❱ ✳❖ ✵❨ ❘ ❩ ✸ ❘ ✴ ❘ ❖ ✵ ❩ ✺ ❩ ❘ ✸ ✐ ✳✴ ✼ ❨ ✺ ✸ ✺ ✼ ✵❘ ✸ ✳✴ ❘ ❱ ✹ ▲ ✵❨ ❘ ✼ ✷ P ❩ ❑❘ ✵✳✷ ❖
✷ ▼ ✵❫ ✷ P ✺ ✳❖ ✴ ✵✺ ❛ ❘ ✴ ❥ ✵❨ ❘ ▼ ✳✸✴ ✵ ✴ ✵✺ ❛ ❘ ❤ ✹ ❘ ✵❫ ❘ ❘ ❖ ❦ ❧ ❧ ❧ ✺ ❖ ❱ ❦ ❧ ❧ ♠ ✐ ✶
✼ ❨ ✺ ✸ ✺ ✼ ✵❘ ✸ ✳✴ ❘ ❱ ✹ ▲ ✺ ✴ ✵✺ ✹ ✳❑✳♥ ✺ ✵✳✷ ❖ ✵❘ ❖ ❱ ❘ ❖ ✼ ▲ ✷ ▼ ✵❨ ❘ P ✺ ✳❖ ❘ ✼ ✷ ❖ ✷ P ✳ ✼ ✺ ❖ ❱
▼ ✳❖ ✺ ❖ ✼ ✳✺ ❑ P ✺ ✼ ✸ ✷ ❴ ✳❖ ❱ ✳✼ ✺ ✵✷ ✸ ✴ ✶ ✺ ❖ ❱ ✺ ✴ ❘ ✼ ✷ ❖ ❱ ✴ ✵✺ ❛ ❘ ❤ ✹ ❘ ✵❫ ❘ ❘ ❖ ❦ ❧ ❧ ♦ ✺ ❖ ❱
❦ ❧ ♣ ❧ ✐ ✶ ✼ ❨ ✺ ✸ ✺ ✼ ✵❘ ✸ ✳✴ ❘ ❱ ✹ ▲ ✺ ❖ ❘ ✼ ✷ ❖ ✷ P ✳✼ ✺ ❖ ❱ ▼ ✳❖ ✺ ❖ ✼ ✳✺ ❑ ✼ ✸ ✳✴ ✳ ✴ ✰ ❳ ❨ ❘
✳❖ ✵❘ ✸ ❖ ✺ ✵ ✳✷ ❖ ✺ ❑ ❘ ✼ ✷ ❖ ✷ P ✳✼ ✺ ❖ ❱ ▼ ✳❖ ✺ ❖ ✼ ✳✺ ❑ ✼ ✸ ✳✴ ✳✴ ✺ ▼ ▼ ❘ ✼ ✵❘ ❱ ✲ ✷ P ✺ ❖ ✳✺ ✺ ✴ ❫ ❘ ❑❑✶
✼ ✺ ✻ ✴ ✳ ❖ ❛ ✳✵✴ ❘ ✼ ✷ ❖ ✷ P ✳✼ ✸ ❘ ✼ ❘ ✴ ✴ ✳✷ ❖ ✰ ✯ ✳❪ ❘ ❫ ✳✴ ❘ ✶ ✵❨ ❘ ▼ ✺ ✼ ✵ ✵❨ ✺ ✵ ✲ ✷ P ✺ ❖ ✳✺ ✹ ❘ ✼ ✺ P ❘
✺ P ❘ P ✹ ❘ ✸ ✴ ✵✺ ✵❘ ✷ ▼ ✵❨ ❘ ◆
❚
✳❖ ❦ ❧ ❧ ♠ ✶ ✳ ❖ ▼ ❑✻ ❘ ❖ ✼ ❘ ❱ ✵❨ ❘ ✲ ✷ P ✺ ❖ ✳✺ ❖ ▼ ✳✴ ✼ ✺ ❑
❩ ✷ ❑✳✼ ✳❘ ✴ ✹ ❘ ▼ ✷ ✸ ❘ ✺ ❖ ❱ ✺ ▼ ✵❘ ✸ ✵❨ ✳✴ ❱ ✺ ✵ ❘ ✰
◗
❑ ❑ ✵❨ ❘ ✴ ❘ ✺ ✴ ❩ ❘ ✼ ✵✴ ❫ ✳❑❑ ✹ ❘ ✺ ❩ ❩ ✸ ✷ ✺ ✼ ❨ ❘ ❱
Considerations on the structure and particularities of tax revenues……
q rs ❁ ❈ ❄ ❋ ❀❁ ❅ ❁ ■ ❡ s ❄ ❈ t ❊ ❡ ❇
❳ ❨ ❘ ❩ ✸ ❘ ✴ ❘ ❖ ✵ ❩ ✺ ❩ ❘ ✸ ✻ ✴ ❘ ✴ ✵❨ ❘ ✳❖ ▼ ✷ ✸ P ✺ ✵✳✷ ❖ ✸ ❘ ❛ ✺ ✸ ❱ ✳❖ ❛ ✵❨ ❘ ❦ ❧ ❧ ❧ ❴ ❦ ❧ ♣ ❧
✲ ✷ P ✺ ❖ ✳✺ ❖ ▼ ✳✴ ✼ ✺ ❑ ✺ ❛ ❛ ✸ ❘ ❛ ✺ ✵❘ ✴ ✶ ❫ ❨ ✷ ✴ ❘ ✺ ❖ ✺ ❑ ▲ ✴ ✳✴ ❫ ✳❑❑ ✹ ❘ ✼ ✺ ✸ ✸ ✳❘ ❱ ✷ ✻ ✵ ✹ ▲
P ❘ ✺ ❖ ✴ ✷ ▼ ❘ P ❩ ✳✸ ✳✼ ✺ ❑ ✴ ✵✻ ❱ ✳❘ ✴ ✶ ❫ ❨ ✳✼ ❨ ✺ ✸ ❘ ✹ ✺ ✴ ❘ ❱ ✷ ❖ ✵❨ ❘ ✴ ✵✺ ✵✳✴ ✵✳✼ ✺ ❑ ❩ ✸ ✷ ✼ ❘ ✴ ✴ ✳ ❖ ❛
✼ ✺ ✸ ✸ ✳❘ ❱ ✷ ✻ ✵ ✹ ▲ ✉ ✈ ✇ ✇ ◆ ✶ ❳ ❨ ❘ ① ✳❖ ✳✴ ✵ ✸▲ ✷ ▼ ② ✻ ✹ ❑✳✼ ❏ ✳❖ ✺ ❖ ✼ ❘ ✴ ✺ ❖ ❱ ✵❨ ❘ ✈ ③ ✲
✸ ❘ ❩ ✷ ✸ ✵✴ ✰
④ ❘ ✳❖ ✳✵✳✺ ✵❘ ✷ ✻ ✸ ✸ ❘ ✴ ❘ ✺ ✸ ✼ ❨ ✹ ▲ ❩ ✸ ❘ ✴ ❘ ❖ ✵✳❖ ❛ ✺ ❑✺ ❖ ❱ P ✺ ✸ ❪ ✼ ✷ ❖ ✼ ❘ ✸ ❖ ✳❖ ❛ ✵❨ ❘
❘ ❯ ✷ ❑✻ ✵✳✷ ❖ ✳❖ ❖ ✷ P ✳❖ ✺ ❑ ▼ ✳❛ ✻ ✸ ❘ ✴ ✷ ▼ ✵❨ ❘ ✲ ✷ P ✺ ❖ ✳✺ ❖ ▼ ✳✴ ✼ ✺ ❑✳✵▲ ❱ ✻ ✸ ✳❖ ❛ ✵❨ ❘
✺ ❖ ✺ ❑▲ ✴ ❘ ❱ ❩ ❘ ✸ ✳✷ ❱ ✰ ❳ ❨ ✳✴ ❑✺ ❖ ❱ P ✺ ✸❪ ✼ ✺ ❖ ✹ ❘ ❯ ✳❘ ❫ ❘ ❱ ✺ ❖ ❱ ✴ ✵ ✻ ❱ ✳❘ ❱ ✳❖ ✵❨ ❘
▼ ✷ ❑❑✷ ❫ ✳❖ ❛ ✵✺ ✹ ❑❘ ❥
⑤ ⑥ ⑦ ⑧ ⑨ ⑩ ❶ ❷ ❸ ❷ ❹ ✑ ✎ ✌ ❺ ☎ ✆ ✡ ☛✠ ☞ ✁ ✞ ❻✑ ✎ ✝✎ ❼ ✎ ✝ ✆ ☎ ✌ ☞❻✄✂ ✠ ❻✂ ✄ ✎ ✁ ✞ ✮ ✂ ❽ ✝☛✠ ✄ ✎ ❼ ✎ ☎ ✂ ✎ ☞ ☛☎
✏ ✁ ✡ ✆ ☎ ☛✆ ✒ ✗ ✘ ✘ ✘ ✛✗ ✘ ✭ ✘
❾ ❿ ➀➁➂➃➂➁➄➅➂➆ ➇➈
➉
➀➄ ➊
➋➌ ➂➇ ➍ ➎ ➏ ➐
➑ ➒ ➒ ➒ ➑ ➒ ➒ ➓ ➑ ➒ ➒ ➑ ➑ ➒ ➒➔ ➑ ➒ ➒ → ➑ ➒ ➒ ➣ ➑ ➒ ➒ ↔ ➑ ➒➒ ↕ ➑ ➒ ➒ ➙ ➑ ➒ ➒ ➛ ➑ ➒ ➓ ➒
➜ ➝ ➞➟ ➠ ➡➢ ➤ ➢ ➥ ➦ ➢ ➧ ➨ ➩➧ ➧ ➫ ➩➧ ➧ ➭ ➩➯ ➧ ➲ ➩➲ ➧ ➲ ➩➳ ➧ ➲ ➩➧ ➧ ➧ ➩➨ ➧ ➳ ➩➭ ➧ ➲ ➩➫ ➧ ➲ ➩➫ ➧ ➧ ➩➫
➵ ➦ ➡➡➢ ➥ ➞
➸➥ ➺ ➝ ➻ ➢ ➼ ➽ ➾➚ ➼ ➪ ➾➼ ➼ ➶ ➾➹ ➼ ➚ ➾➪ ➼ ➚ ➾➪ ➼ ➚ ➾➽ ➼ ➚ ➾➘ ➼ ➹ ➾➴ ➼ ➽ ➾➪ ➼ ➪ ➾➘ ➼ ➼ ➾➪
➷ ➸➡➢ ➺ ➞ ➞➟ ➬ ➢ ➮
➴ ➾➘ ➴ ➾➚ ➱ ➾➶ ➱ ➾➶ ➴ ➾➹ ➱ ➾➼ ➴ ➾➽ ➴ ➾➘ ➶ ➾➼ ➶ ➾➪ ➴ ➾➹
✃➥ ❐
➸
➡➢ ➺ ➞ ➞➟ ➬ ➢➮
➽ ➽ ➾➴ ➽ ➽➾➚ ➽ ➽➾➶ ➽ ➚ ➾➱ ➽ ➽ ➾❒ ➽➚ ➾➘ ➽➚ ➾➶ ➽ ➼ ➾➪ ➽ ➽ ➾➪ ➽➪ ➾➶ ➽ ➽➾➶
❮ ➝ ➺
➸
➟ ➠
➺➝ ➥ ➞➡➸❰ ➦ ➞➸➝ ➥ ➮ ➽➪ ➾❒ ➽➪ ➾❒ ➽ ➽➾➼ ➘ ➾❒ ➘ ➾➶ ➽➪ ➾➼ ➽➪ ➾➼ ➽ ➪ ➾❒ ➘ ➾➹ ➘ ➾➶ ❒➾➘
Ï
➞Ð ➢ ➡ ➺ ➦ ➡➡➢ ➥ ➞
➡➢ ➤ ➢ ➥ ➦ ➢ ➽➾➘ ➚ ➾➽ ❒ ➾❒ ➹ ➾➪ ➹ ➾➽ ➼ ➾➱ ➼ ➾❒ ➼ ➾➘ ➼ ➾➽ ➼ ➾➹ ➱ ➾➘
➵ ➟Ñ ➸➞➟ ➠
➡➢ ➤ ➢ ➥ ➦ ➢ ➪ ➾➽ ➪ ➾➪ ➪ ➾➽ ➪ ➾➽ ➪ ➾➹ ➪ ➾➼ ➪ ➾➽ ➪ ➾➽ ➴ ➾➚ ➪ ➾➽ ➪ ➾➽
Ò Ó Ô ÕÖ × ➨ ➫ ➫ ➨ ➫ ➫ ➨ ➫ ➫ ➨ ➫ ➫ ➨ ➫ ➫ ➨ ➫ ➫ ➨ ➫ ➫ ➨ ➫ ➫ ➨ ➫ ➫ ➨ ➫ ➫ ➨ ➫ ➫
➵ ➦ ➡➡➢ ➥ ➞
➡➢ ➤ ➢ ➥ ➦ ➢ ➘ ➘ ➾➶ ➽ ➪ ➪ ➘ ➘ ➾➶ ➘ ➘ ➾➶ ➘ ❒ ➾➶ ➘ ➘ ➾➚ ➘ ➘ ➾➴ ➘ ➘ ➾➴ ➘ ➴ ➾➘ ➘ ➴ ➾➴ ➽ ➪ ➪
➷ ➸➡➢ ➺ ➞ ➞➟ ➬ ➢ ➮
➚ ➚ ➾➪ ➚ ➪ ➾➱ ➽➱ ➾❒ ➽ ➶ ➾➶ ➽➘ ➾➶ ➽➴ ➾➱ ➽ ❒➾➹ ➽ ➘ ➾❒ ➚ ➚ ➾❒ ➚ ➽ ➾❒ ➽➘ ➾➱
✃➥ ❐
➸
➡➢ ➺ ➞ ➞➟ ➬ ➢➮
➼ ➶ ➾➽ ➼ ➶ ➾➪ ➼ ➽➾➽ ➼ ❒➾➘ ➼ ➴ ➾➹ ➹ ➪ ➾➪ ➼ ❒➾➱ ➼ ➹ ➾➱ ➼ ➹ ➾➹ ➼ ➼ ➾➹ ➼ ➱ ➾➱
❮ ➝ ➺
➸
➟ ➠
➺➝ ➥ ➞➡➸❰ ➦ ➞➸➝ ➥ ➮ ➼ ➹ ➾➱ ➼ ➱ ➾➴ ➼ ➪ ➾➪ ➼ ➪ ➾➴ ➚ ➘ ➾➘ ➼ ➽➾❒ ➼ ➽➾➚ ➼ ➽➾➴ ➚ ➘ ➾➹ ➼ ➪ ➾➼ ➚ ➶ ➾➽
Ï
➞Ð ➢ ➡ ➺ ➦ ➡➡➢ ➥ ➞
➡➢ ➤ ➢ ➥ ➦ ➢ ➴ ➾➽ ➴ ➾➘ ➚ ➼ ➾➱ ➽ ➚ ➾➹ ➽➚ ➾❒ ➽➪ ➾➘ ➽ ➽➾➱ ➽ ➽➾➚ ➘ ➾➶ ➽➪ ➾➴ ➽➶ ➾➱
➵ ➟Ñ ➸➞➟ ➠
➡➢ ➤ ➢ ➥ ➦ ➢ ➪ ➾➼ ➪ ➾➪ ➪ ➾➼ ➪ ➾➼ ➽➾➼ ➪ ➾❒ ➪ ➾➹ ➪ ➾➹ ➪ ➾➴ ➪ ➾➱ ➪ ➾➹
q ê
ë ìí î ï ð ñ ïò ó ò ❳ ❨ ❘ ❱ ▲ ❖ ✺ P ✳✼ ✴ ✷ ▼ ✵❨ ❘ ❑❘ ❯ ❘ ❑ ✺ ❖ ❱ ✴ ✵✸ ✻ ✼ ✵✻ ✸ ❘ ✷ ▼ ❩ ✻ ✹ ❑✳✼ ✸ ❘ ❯ ❘ ❖ ✻ ❘
✳❖ ✲ ✷ P ✺ ❖ ✳✺ ✶ ❦ ❧ ❧ ❧ ❴❦ ❧ ♣ ❧
✲ ❘ ❛ ✺ ✸❱ ✳ ❖ ❛ ✵❨ ❘ ❘ ❯ ✷ ❑✻ ✵✳✷ ❖ ✷ ▼ ✵❨ ❘ ✹ ✻ ❱ ❛ ❘ ✵✺ ✸ ▲ ✺ ❛ ❛ ✸ ❘ ❛ ✺ ✵❘ ✴ ❩ ❘ ✸ ✼ ✺ ❩ ✳✵✺ ✶
✳✵ ✼ ✺ ❖ ✹ ❘ ✴ ✵✺ ✵❘ ❱ ✵❨ ✺ ✵ ✵❨ ❘ ✴ ❘ ✷ ▼ ▼ ❘ ✸ ✺ ❖ ✳P ✺ ❛ ❘ ✼ ✷ ❖ ✼ ❘ ✸ ❖ ✳❖ ❛ ✵❨ ❘ ✵✺ ❬ ✹ ✻ ✸ ❱ ❘ ❖ ✷ ❖
✼ ✳✵✳♥ ❘ ❖ ✴ ✶ ✵❨ ✻ ✴ ❩ ✸✷ ❯ ✳❱ ✳❖ ❛ ✺ ❑✺ ❖ ❱ P ✺ ✸ ❪ ❖ ❘ ✼ ❘ ✴ ✴ ✺ ✸ ▲ ✳❖ ✵❨ ❘ ✼ ✷ P ❩ ✺ ✸ ✳✴ ✷ ❖ ✷ ▼ ✵✺ ❬
✺ ❖ ❱ ✹ ✻ ❱ ❛ ❘ ✵✺ ✸ ▲ ✹ ✻ ✸❱ ❘ ❖ ❱ ✻ ✸ ✳❖ ❛ ❯ ✺ ✸ ✳✷ ✻ ✴ ❩ ❘ ✸ ✳✷ ❱ ✴ ✷ ▼ ✵✳P ❘ ✷ ✸ ✹ ❘ ✵❫ ❘ ❘ ❖ ✼ ✳✵✳♥ ❘ ❖ ✴
✹ ❘ ❑✷ ❖ ❛ ✳❖ ❛ ✵✷ ❱ ✳ ▼▼ ❘ ✸❘ ❖ ✵ ✴ ✵✺ ✵❘ ✴ ✰
✉❖ ✲ ✷ P ✺ ❖ ✳✺ ✶ ✵ ❨ ❘ ❘ ❯ ✷ ❑✻ ✵✳✷ ❖ ✷ ▼ ✵❨ ❘ ✹ ✻ ❱ ❛ ❘ ✵✺ ✸ ▲ ✺ ❛ ❛ ✸ ❘ ❛ ✺ ✵❘ ✴ ❩ ❘ ✸
✼ ✺ ❩ ✳ ✵✺ ✶ ❱ ✻ ✸ ✳❖ ❛ ✵❨ ❘ ✺ ❖ ✺ ❑ ▲ ✴ ❘ ❱ ❩ ❘ ✸ ✳✷ ❱ ✶ ✼ ✺ ❖ ✹ ❘ ❯ ✳❘ ❫ ❘ ❱ ✺ ❖ ❱ ✴ ✵✻ ❱ ✳❘ ❱ ✳❖ ✵❨ ❘
✵✺ ✹ ❑❘ ✹ ❘ ❑✷ ❫ ❥
⑤ ⑥ ⑦ ⑧ ⑨ ⑩ ❶ ❷ ô ❷ ❹ ✑ ✎ ✌ ❺ ☎ ✆ ✡ ☛✠ ☞ ✆ ☎ ✌ ✎ ❼ ✁ ✝✂ ❻ ☛✁ ☎ ✁ ✞ ❻✑ ✎ ☞✑ ✆ ✄ ✎ ✁ ✞ ❻✑ ✎ ✮ ✎ ✄ ✠ ✆ ✮ ☛❻ ✆
❽ ✂ ✌ õ ✎ ❻ ✆ ✄❺ ✠ ✁ ✡ ✮ ✁ ☎ ✎ ☎ ❻ ☞ ☛☎ ✏ ✁ ✡ ✆ ☎ ☛✆ ❽ ✎ ❻ö ✎ ✎ ☎ ✗ ✘ ✘ ✘ ✆ ☎ ✌ ✗ ✘ ✭ ✘
÷ ➀➂
❾❿ ➀ ➁➂➃➂ø
➁➄➅➂➆ ➇➈
➉ ➀ ➄ ➊
ù
➍ ú ➂➇ ➁➆ û ➀➈
❿ ➀ ➊ ➁➄❿ ➂➅➄
➂➇ ➁➆ û ➀ ➂➇
ü➂➊➀➁➅
➅➄ ý➈❿ ➀➊
➁ ➄❿ ➂➅➄
➂➇
ü
➂➊➀➁➅ ➅ ➄ ý
➊ ➀þ ➀➇ ÿ ➀➈❿ ➀ ➊
➁ ➄❿ ➂➅➄
➀ý❿ ➀➇
ü
➂➅ ÿ ➊ ➀
ù ➍ ú ➈❿ ➀ ➊
➁➄❿ ➂➅➄
➊➆ ✁✁ ✂ ÿ
ü
➀➅
ü ➀➃➂➁➂➅➈❿ ➀ ➊
➁➄❿ ➂➅➄
➓ ➑ ➔ → ➣ ↔✄ ➣ ø➑
☎ ✆ ✆ ✆ ✝ ✞✝ ✟ ✠ ☎ ✡ ✠ ✠ ✠ ✠ ✝ ✞☛ ☞ ☞ ✝ ✡✝
☎ ✆ ✆ ✝ ✝ ✞✡ ✌ ☞ ☛ ✠ ☞ ✡ ☎ ☛ ✝ ✞✌ ✍ ✟ ✝ ✟✠
☎ ✆ ✆ ☎ ☎ ✞✡ ✟ ✌ ✠ ✝ ✝ ✌ ✠ ✠ ☎ ✞✌ ☞ ✡ ✝ ☞✌
Considerations on the structure and particularities of tax revenues……
q✎
☎ ✆ ✆ ☞ ✠ ✞☛ ✟ ✆ ✍ ☎ ☞ ✝ ✞✍ ✡ ✠ ✠ ✞☞ ✌ ✝ ✝ ✟ ✝
☎ ✆ ✆ ✡ ☞ ✞✝ ✠ ✠ ✟ ☞ ✠ ✝ ✞✟ ✌ ✡ ☞ ✞☞ ☎ ✆ ☛ ✍ ✡
☎ ✆ ✆ ✍ ✍ ✞☎ ✆ ✟ ✝ ✞✠ ☛ ✌ ☎ ✞✍ ✆ ✟ ✍ ✞✍ ✍ ☎ ☞ ✡ ☛
☎ ✆ ✆ ✌ ✌ ✞✆ ✠ ✌ ✝ ✞✌ ✟ ☞ ☎ ✞✌ ☞ ✡ ✟ ✞✟ ✝ ✍ ✝ ✞✌ ✡✟
☎ ✆ ✆ ✟ ✍ ✞☎ ✝ ✝ ✝ ✞✡ ☛ ☛ ☎ ✞✠ ✟ ✍ ✟ ✞☞ ✡ ✌ ☎ ✞☛ ☞✍
☎ ✆ ✝ ✆ ✍ ✞✟ ✠ ☞ ✝ ✞☞ ✠ ✝ ☎ ✞✌ ✝ ✍ ✟ ✞☞ ✝ ✆ ✝ ✞☞ ✡☞
Ø Ù Ú ÛÜ Ý Þ ✏ ä ä ✑ å ✒ ✓ ç ✔ é èæ✕ é â ✖ ✗ ✓ ✘ ✙ ✚ ✚ ✚ ✛✙ ✚ ✜ ✚ ✢ ß ß ß àá âãä å ä æç àèé ✛
arhiv!
✘ ✣ ç ä ç èå ✒✤
é ä ✕ é ✒ã✥ å æç ✥ ✦ ✑ ✥ ✣ ç ✥ ✙ ✚ ✚ ✧ ✛✙ ✚ ✜ ✚
❳ ❨ ❘ ❱ ▲ ❖ ✺ P ✳✼ ✷ ▼ ❩ ✻ ✹ ❑✳✼ ✸ ❘ ❯ ❘ ❖ ✻ ❘ ✴ ✸ ❘ ✴ ✻ ❑✵❘ ❱ ▼ ✸ ✷ P ❱ ✳✸ ❘ ✼ ✵ ✺ ❖ ❱ ✳❖ ❱ ✳✸ ❘ ✼ ✵
✵✺ ❬ ❘ ✴ ✺ ❖ ❱ ❩ ✻ ✹ ❑✳✼ ✴ ✷ ✼ ✳✺ ❑ ✳❖ ✴ ✻ ✸ ✺ ❖ ✼ ❘ ✴ ✶ ✺ ✵ ✺ ❖ ◆
❚
❑❘ ❯ ❘ ❑✶ ✸ ❘ ❛ ✳✴ ✵❘ ✸ ❘ ❱ ✵ ❨ ❘
▼ ✷ ❑❑✷ ❫ ✳❖ ❛ ❘ ❯ ✷ ❑✻ ✵✳✷ ❖ ❥
⑤ ⑥ ⑦ ⑧ ⑨ ⑩ ❶ ❷ ★ ❷ ✩ ❺ ☎ ✆ ✡ ☛✠ ☞ ✁ ✞ ✟ ✪ ✗ ✣ õ ✁ ❼ ✎ ✄ ☎ ✡ ✎ ☎ ❻ ✄ ✎ ❼ ✎ ☎ ✂ ✎ ✞✄ ✁ ✡ ✌ ☛✄ ✎ ✠ ❻ ❻ ✆ ✫ ✎ ☞ ✤ ✬ ✁ ✞
✭ ✩ ✮ ✥
❾ ❿ ➀➁➂➃➂➁ ➄➅➂➆ ➇ ➑ ➒ ➒ ➒ ➑ ➒ ➒ ➓ ➑ ➒ ➒ ➑ ➑ ➒ ➒➔ ➑ ➒ ➒ → ➑➒ ➒ ➣ ➑ ➒ ➒ ↔ ➑ ➒ ➒ ↕ ➑ ➒ ➒ ➙ ➑ ➒ ➒ ➛ ➑ ➒ ➓ ➒
✯ ✰
û ➄ ý➂û ÿ û
☛ ✆ ✱☛ ☎ ✟ ✱☛ ☎ ✟ ✱✝ ☎ ✟ ✱☛ ☛ ✆ ✱☎ ☛ ✝ ✱✍ ☛ ✆ ✱☎ ☎ ✟ ✱✠ ☎ ✟ ✱✍ ☛ ✆ ✱✝ ✲
✯ ✰ ➄þ ➀ ➊➄ ➀ ✝ ☎ ✱☞ ✝ ☎ ✱☎ ✝ ✝ ✱✟ ✝ ✝ ✱✌ ✝ ✝ ✱✍ ✝ ✝ ✱✟ ✝ ☎ ✱✝ ✝ ☎ ✱☞ ✝ ☛ ✱✝ ✝ ✝ ✱✟ ✲
✯ ✰
û ➂➇➂û ÿ û
✍ ✱☎ ✡ ✱✡ ✡ ✱☛ ✡ ✱☞ ☞ ✱✌ ☞ ✱☞ ☞ ✱☞ ✡ ✱✝ ✡ ✱✠ ✡ ✱✆ ✲
Ø Ù Ú Û Ü Ý Þ ✳ ✑ èé ✕ æå æ✘ ✴ ææ✔ ✵✶✶ç ✔ ✔ àç ✑ èé ✕ æå æàç
✤
àç ✑ è é ✔ å àç ✑
⑤ ⑥ ⑦ ⑧ ⑨ ⑩ ❶ ❷ ✷ ❷ ✩ ❺ ☎ ✆ ✡ ☛✠ ☞ ✁ ✞ ✟ ✪ ✗ ✣ ✮ ✂ ❽ ✝☛✠ ✄ ✎ ❼ ✎ ☎ ✂ ✎ ☞ ✄ ✎ ☞✂ ✝❻ ✎ ✌ ✞✄ ✁ ✡ ☛☎ ✌ ☛✄ ✎ ✠ ❻ ❻ ✆✫ ✎ ☞
✤✬ ☛☎ ✭ ✩ ✮ ✥
❾ ❿ ➀➁➂➃➂➁ ➄➅➂➆ ➇ ➑ ➒ ➒ ➒ ➑ ➒ ➒ ➓ ➑ ➒ ➒ ➑ ➑ ➒ ➒➔ ➑ ➒ ➒ → ➑ ➒ ➒ ➣ ➑ ➒ ➒ ↔ ➑ ➒ ➒ ↕ ➑ ➒ ➒ ➙ ➑ ➒ ➒ ➛ ➑ ➒ ➓ ➒
✯ ✰
✸ ➄ ý➂û ÿ û
✝ ✍ ✱✆ ✝ ✍ ✱☎ ✝ ✍ ✱✠ ✝ ✍ ✱☎ ✝ ✍ ✱☞ ✝ ✌ ✱✍ ✝ ✟ ✱✠ ✝ ✌ ✱☞ ✝ ✌ ✱☎ ✝ ✌ ✱✟ ✹
✯ ✰ ➄þ ➀ ➊➄ ➀
✝ ☛ ✱✠ ✝ ☛ ✱☎ ✝ ☛ ✱☛ ✝ ☛ ✱✠ ✝ ☛ ✱☞ ✝ ☛ ✱✌ ✝ ☛ ✱✌ ✝ ☛ ✱✍ ✝ ☛ ✱☞ ✝ ☛ ✱✍ ✹
✯ ✰
û ➂➇➂û ÿ û
✝ ✝ ✱☛ ✝ ✝ ✱✆ ✝ ✆ ✱✌ ✝ ✝ ✱✝ ✝ ✝ ✱✝ ✝ ✝ ✱✆ ✝ ✆ ✱✟ ✝ ✆ ✱✟ ✟ ✱✟ ✌ ✱✍ ✲
Ø Ù Ú Û Ü Ý Þ ✳ ✑ èé ✕ æå æ✘ ✴ ææ✔ ✵✶✶ç ✔ ✔ àç ✑ èé ✕ æå æàç
✤
àç ✑ èé ✔ å àç ✑
⑤ ⑥ ⑦ ⑧ ⑨ ⑩ ❶ ❷ ✺ ❷ ✩ ❺ ☎ ✆ ✡ ☛✠ ☞ ✁ ✞ ✟ ✪ ✗ ✣ ✮ ✂ ❽ ✝☛✠ ✄ ✎ ❼ ✎ ☎ ✂ ✎ ☞ ✒ ✮ ✂ ❽ ✝☛✠ ☞ ✁ ✠ ☛✆ ✝ ✠ ✁ ☎ ❻✄ ☛❽ ✂ ❻ ☛✁ ☎ ☞
✤ ✬ ✁ ✞
✭
✩ ✮ ✥
❾ ❿ ➀➁➂➃➂➁ ➄➅➂➆ ➇ ➑ ➒ ➒ ➒ ➑ ➒ ➒ ➓ ➑ ➒ ➒ ➑ ➑ ➒ ➒➔ ➑ ➒ ➒ → ➑ ➒ ➒ ➣ ➑ ➒ ➒ ↔ ➑ ➒ ➒ ↕ ➑ ➒ ➒ ➙ ➑ ➒ ➒ ➛ ➑ ➒ ➓ ➒
✯ ✰
✸
➄ ý➂û ÿ û
✝ ✌ ✱☛ ✝ ✌ ✱☎ ✝ ✌ ✱☎ ✝ ✌ ✱☛ ✝ ✌ ✱✆ ✝ ✌ ✱✝ ✝ ✌ ✱☎ ✝ ✌ ✱✆ ✝ ✍ ✱☎ ✝ ✌ ✱☛ ☎ ☎ ✱✍
✯ ✰ ➄þ ➀ ➊➄ ➀ ✝ ☎ ✱☎ ✝ ☎ ✱☎ ✝ ☎ ✱✝ ✝ ☎ ✱☎ ✝ ☎ ✱✝ ✝ ☎ ✱✆ ✝ ✝ ✱✟ ✝ ✝ ✱✟ ✝ ☎ ✱☛ ✝ ☎ ✱✝ ✝ ☛ ✱✠
✯ ✰
û ➂➇➂û ÿ û
☎ ✱✡ ☎ ✱✡ ☎ ✱✝ ☎ ✱✝ ☎ ✱✝ ☎ ✱✆ ✝ ✱✟ ✝ ✱✟ ✝ ✱☎ ☎ ✱✆ ☛ ✱✡
Ø Ù Ú Û Ü Ý Þ ✳ ✑ èé ✕ æå æ✘ ✴ ææ✔ ✵✶✶ç ✔ ✔ àç ✑ èé ✕ æå æàç
✤
q q
✽ ❀❈ ❄ ❋ ❁ ❈ ✾ ❋ ❄ ❋ ❄ ❍ ❀ ❄ ❞
❳ ❨ ❘ ✻✼ ✽ ✾ ✿ ✽ ✻❀❁ ❂ ❃ ❂ ❄❅ ✽ ❁ ✻ ✷ ▼ ✵❨ ❘ ✴ ✵✻ ❱ ▲ ✳✴ ❨ ✳ ❛ ❨ ❑✳ ❛ ❨ ✵❘ ❱ ✹ ▲ ❖ ✻ P ❘ ✸ ✷ ✻ ✴
❫ ✷ ✸ ❪ ✴ ✹ ❘ ❑✷ ❖ ❛ ✳❖ ❛ ✵ ✷ ✲ ✷ P ✺ ❖ ✳✺ ❖ ✺ ❖ ❱ ▼ ✷ ✸ ❘ ✳❛ ❖ ✺ ✻ ✵ ❨ ✷ ✸ ✴ ✷ ✻ ✵ ✷ ▼ ❫ ❨ ✳✼ ❨ ❫ ❘
P ❘ ❖ ✵✳✷ ❖ ✴ ❘ ❑❘ ✼ ✵✳❯ ❘ ❑▲ ✺ ▼ ❘ ❫ ❖ ✺ P ❘ ✴ ✴ ✻ ✼ ❨ ✺ ✴ ❥ ✉ ✰
V!c!rel, T.
① ✷•
✵❘ ✺ ❖ ✻ ✶ ✉ ✰✇ ✵✺ ❖ ✼ ✻ ✶ ✉ ✰ ❳ ✺ ❑❩ ✷
•
, D. Dasc!lu, T. Stolojan, M. Duverger, P.
✇ ✺ P ✻ ❘ ❑✴ ✷ ❖ ✶① ✰ ❏ ✸ ✳❘ ❱ P ✺ ❖ ✶ ✲ ✰ ② ✰ ① ✻ ✴ ❛ ✸ ✺ ❯ ❘ ✺ ❖ ❱ ❑✺ ✴ ✵ ✹ ✻ ✵ ❖ ✷ ✵ ❑❘ ✺ ✴ ✵ ❆ ✰ ① ✰ ❇ ❘ ▲ ❖ ❘ ✴ ✶ ✵❨ ❘
▼ ✳✸ ✴ ✵ ✵✷ ✺ ❱ ❯ ✷ ✼ ✺ ✵❘ ✵❨ ❘ P ✷ ❱ ❘ ❑ ✷ ▼ ❩ ✻ ✹ ❑✳ ✼ ▼ ✻ ❖ ❱ ✳❖ ❛ ✵❨ ✸ ✷ ✻ ❛ ❨ ✹ ✻ ❱ ❛ ❘ ✵✺ ✸ ▲ ❱ ❘ ▼ ✳✼ ✳✵ ✰
❳ ❨ ❘ ❅ ✿ ✾ ❁ ✽ ❈ ❉ ✿ ❂ ❃ ❂ ❄❅ ✽ ❁ ✻ ✷ ▼ ✵❨ ❘ ❩ ✺ ❩ ❘ ✸ ✳✴ ❨ ✳ ❛ ❨ ❑✳❛ ❨ ✵ ❘ ❱ ✹ ▲ ✵❨ ❘ ❖ ✺ ✵ ✳✷ ❖ ✺ ❑
✺ ❖ ❱ ✼ ✷ P P ✻ ❖ ✳✵ ▲ ❑❘ ❛ ✳✴ ❑✺ ✵✳✷ ❖ ✶ ✷ ✻ ✵ ✷ ▼ ❫ ❨ ✳✼ ❨ ❫ ❘ P ❘ ❖ ✵✳✷ ❖ ✵❨ ❘ ▼ ✷ ❑❑✷ ❫ ✳❖ ❛ ❥ ❳ ❨ ❘
✯ ✺ ❫ ✷ ▼ ❏ ✳✴ ✼ ✺ ❑❴ ③ ✻ ❱ ❛ ❘ ✵✺ ✸ ▲ ✲ ❘ ✴ ❩ ✷ ❖ ✴ ✳✹ ✳❑✳✵▲ ✶ ❖ ✷ ✰
q ❊ ❋
❦ ❧ ♣ ❧ ✶ ● ✷ ❯ ❘ ✸ ❖ P ❘ ❖ ✵
◆ P ❘ ✸❛ ❘ ❖ ✼ ▲ ❍ ✸ ❱ ✳❖ ✺ ❖ ✼ ❘ ❖ ✷ ✰
q ê ❋
❦ ❧ ❧ ♠ ✸ ❘ ❛ ✺ ✸ ❱ ✳❖ ❛ ❩ ✻ ✹ ❑✳✼ ❱ ❘ ✹ ✵✶ ❳ ❨ ❘ ✇ ✵✺ ✹ ✳❑✳✵ ▲
✺ ❖ ❱ ● ✸ ✷ ❫ ✵❨ ② ✺ ✼ ✵✶ ✺ ✴ ❫ ❘ ❑❑ ✺ ✴ ✵❨ ❘ ✼ ✷ ❖ ✴ ✳❱ ❘ ✸ ✺ ✹ ❑❘ ❯ ✷ ❑✻ P ❘ ✷ ▼ ✴ ✵✺ ✵✳✴ ✵✳✼ ✺ ❑
✳❖ ▼ ✷ ✸ P ✺ ✵✳✷ ❖ ✷ ❖ ✵❨ ❘ ✹ ✻ ❱ ❛ ❘ ✵ ❘ ❬ ❘ ✼ ✻ ✵✳ ✷ ❖ ✴ ✶ ✸ ❘ ✴ ❩ ❘ ✼ ✵✳ ❯ ❘ ❑ ▲ ✵❨ ❘ ✷ ❖ ❘ ✴ ✷ ❖ ✵❨ ❘
❘ ❯ ✷ ❑✻ ✵✳✷ ❖ ✷ ▼ ✹ ✻ ❱ ❛ ❘ ✵✺ ✸ ▲ ❱ ❘ ▼ ✳✼ ✳✵ ✳❖ ✲ ✷ P ✺ ❖ ✳✺ ✺ ❖ ❱ ✳❖ ✵❨ ❘ ◆
❚
P ❘ P ✹ ❘ ✸ ✴ ✵✺ ✵❘ ✴ ✶
✺ ✴ ❫ ❘ ❑❑ ✺ ✴ ✵❨ ✷ ✴ ❘ ✷ ❖ ✵❨ ❘ ✴ ✵✸ ✻ ✼ ✵✻ ✸ ❘ ✺ ❖ ❱ ❱ ▲ ❖ ✺ P ✳✼ ✴ ✷ ▼ ✵❨ ❘ ✲ ✷ P ✺ ❖ ✳✺ ❖
✴ ✷ ❯ ❘ ✸ ❘ ✳ ❛ ❖ ❱ ❘ ✹ ✵ ✴ ✵✷ ✼ ❪ ✶ ❱ ✻ ✸ ✳❖ ❛ ✵❨ ❘ ✺ ❖ ✺ ❑ ▲ ✴ ❘ ❱ ❩ ❘ ✸ ✳✷ ❱ ✰
❳ ❨ ❘ ✳❖ ▼ ✷ ✸P ✺ ✵✳ ✷ ❖ ❱ ✺ ✵✺ ✹ ✺ ✴ ❘ ❫ ✺ ✴ ❩ ✸ ✷ ❯ ✳❱ ❘ ❱ ✹ ▲ ✵❨ ❘ P ✷ ❖ ✵❨ ❑▲ ✶
❭ ✻ ✺ ✸✵ ❘ ✸ ❑ ▲ ✺ ❖ ❱ ✺ ❖ ❖ ✻ ✺ ❑ ✸ ❘ ❩ ✷ ✸ ✵✴ ✷ ▼ ✵❨ ❘ ✈ ✺ ✵✳✷ ❖ ✺ ❑ ③ ✺ ❖ ❪ ✷ ▼ ✲ ✷ P ✺ ❖ ✳✺ ✶ ✵❨ ❘
✸ ❘ ❩ ✷ ✸ ✵✴ ✷ ▼ ✵❨ ❘ ① ✳❖ ✳✴ ✵✸ ▲ ✷ ▼ ② ✻ ✹ ❑✳✼ ❏ ✳❖ ✺ ❖ ✼ ❘ ✴ ✶ ✵❨ ❘ ◆ ✻ ✸✷ ✴ ✵✺ ✵ ❱ ✺ ✵✺ ✹ ✺ ❖ ❪ ✶ ✵❨ ❘
❱ ✺ ✵✺ ✹ ✺ ✴ ✳✴ ✷ ▼ ✵❨ ❘ ✉ ❖ ✵❘ ✸ ❖ ✺ ✵ ✳✷ ❖ ✺ ❑ ① ✷ ❖ ❘ ✵✺ ✸ ▲ ❏ ✻ ❖ ❱ ✶ ✷ ▼ ✵❨ ❘ ◆ ✻ ✸✷ ❩ ❘ ✺ ❖
✱ ✷ P P ✳✴ ✴ ✳✷ ❖ ✺ ❖ ❱ ✷ ▼ ✵❨ ❘ ❍ ✸❛ ✺ ❖ ✳♥ ✺ ✵✳✷ ❖ ▼ ✷ ✸ ◆ ✼ ✷ ❖ ✷ P ✳ ✼ ✱ ✷ ❴ ✷ ❩ ❘ ✸ ✺ ✵✳✷ ❖ ✺ ❖ ❱
■ ❘ ❯ ❘ ❑✷ ❩ P ❘ ❖ ✵ ✰
❆ ❄ ❇ ✾ ❅❈ ❇ ❁ ■ ❡ ❏ ❀❇ ✿ ✾ ❇ ❇ ❀❊ ■
✲ ❘ ❛ ✺ ✸❱ ✳ ❖ ❛ ✵❨ ❘ ❯ ✷ ❑✻ P ❘ ✷ ▼ ❩ ✻ ✹ ❑✳✼ ✸ ❘ ✴ ✷ ✻ ✸ ✼ ❘ ✴ ✶ ✳✵ ❨ ✺ ✴ ✹ ❘ ❘ ❖ ✷ ✹ ✴ ❘ ✸ ❯ ❘ ❱
✵❨ ✺ ✵ ❖ ✷ ✵ ✺ ❑❑ ✼ ❨ ✺ ❖ ❖ ❘ ❑✴ ✷ ▼ ✹ ✻ ❱ ❛ ❘ ✵ ▼ ✷ ✸ P ✺ ✵✳✷ ❖ ✶ ❫ ❨ ✳✼ ❨ ▼✷ ✸ P ✵❨ ❘ ✼ ✷ ❖ ✴ ✷ ❑✳❱ ✺ ✵❘ ❱
✹ ✻ ❱ ❛ ❘ ✵✶ ▼ ✻ ❖ ✼ ✵✳✷ ❖ ❫ ✳✵❨ ✵❨ ❘ ✴ ✺ P ❘ ❘ ▼▼ ✳✼ ✳❘ ❖ ✼ ▲ ✰ ❳ ❨ ✳ ✴ ✴ ✳✵✻ ✺ ✵✳✷ ❖ ❑❘ ✺ ❱ ✴ ✵✷
❱ ✳✴ ❘ ❭ ✻ ✳❑✳✹ ✸ ✳✺ ❫ ❨ ✳✼ ❨ ❫ ✳❑ ❑ ✹ ❘ ▼ ✳❖ ✺ ❖ ✼ ❘ ❱ ✵❨ ✸ ✷ ✻ ❛ ❨ ✵❨ ❘ ✸ ❘ ✴ ✷ ✻ ✸ ✼ ❘ ✴ ✷ ▼ ✺ ❖ ✷ ✵❨ ❘ ✸
✹ ✻ ❱ ❛ ❘ ✵ ✺ ❖ ❱ ✻ ❑✵✳P ✺ ✵❘ ❑▲ ✵❨ ✸ ✷ ✻ ❛ ❨ ❩ ✻ ✹ ❑✳✼ ❑✷ ✺ ❖ ✴ ✰ ✉ ❖ ✵❨ ✳✴ ✸ ❘ ✴ ❩ ❘ ✼ ✵✶ ✷ ❖ ❘ ✼ ✺ ❖ ❖ ✷ ✵
✷ ❯ ❘ ✸❑ ✷ ✷ ❪ ✵❨ ❘ ✳P ❩ ✷ ✸ ✵✺ ❖ ✼ ❘ ✺ ❖ ❱ ✸ ❘ ❑❘ ❯ ✺ ❖ ✼ ❘ ✷ ▼ ✵✸ ✺ ❖ ✴ ▼ ❘ ✸ ✴ ✹ ❘ ✵❫ ❘ ❘ ❖ ✵❨ ❘ ✴ ✵✺ ✵❘
✹ ✻ ❱ ❛ ❘ ✵ ✺ ❖ ❱ ❑✷ ✼ ✺ ❑ ✹ ✻ ❱ ❛ ❘ ✵✴ ✵❨ ✸ ✷ ✻ ❛ ❨ ✴ ✻ P ✴ ✺ ❖ ❱ ❙ ◗ ❳ ✴ ❨ ✺ ✸ ❘ ✴ ❩ ❑✳✵✴ ✺ ❖ ❱ ✳❖ ✼ ✷ P ❘
✵✺ ❬ ❘ ✴ ✷ ✸ ✵❨ ❘ ✼ ✷ ❯ ❘ ✸✳ ❖ ❛ ✷ ▼ ✵❘ P ❩ ✷ ✸ ✺ ✸ ▲ ✼ ✺ ✴ ❨ ❛ ✺ ❩ ✴ ✷ ▼ ❑✷ ✼ ✺ ❑ ✹ ✻ ❱ ❛ ❘ ✵ ▼ ✸ ✷ P ✵❨ ❘
✸ ❘ ✴ ✷ ✻ ✸✼ ❘ ✴ ✷ ▼ ✵❨ ❘ ❛ ❘ ❖ ❘ ✸ ✺ ❑ ✼ ✻ ✸ ✸❘ ❖ ✵ ✺ ✼ ✼ ✷ ✻ ❖ ✵ ✷ ▼ ✵❨ ❘ ✇ ✵✺ ✵❘ ❳ ✸ ❘ ✺ ✴ ✻ ✸ ▲ ✰
✯ ✳❪ ❘ ❫ ✳✴ ❘ ✶ ❱ ✻ ✸ ✳❖ ❛ ✵❨ ❘ ✺ ❖ ✺ ❑▲ ✴ ❘ ❱ ❩ ❘ ✸ ✳✷ ❱ ❤ ❦ ❧ ❧ ❧ ❴ ❦ ❧ ♣ ❧ ✐ ✶ ✳✵ ❫ ✺ ✴
❖ ✷ ✵✳✼ ❘ ❱ ✺ ❑✺ ✼ ❪ ✷ ▼ ✸ ❘ ✴ ✷ ✻ ✸ ✼ ❘ ✴ ✳❖ ✵❨ ❘ ✹ ✻ ❱ ❛ ❘ ✵ ✷ ▼ ✴ ✷ ✼ ✳✺ ❑ ✳❖ ✴ ✻ ✸ ✺ ❖ ✼ ❘ ✴ ✰ ❳ ❨ ✳✴ ❫ ✺ ✴
Considerations on the structure and particularities of tax revenues……
q♠
✳❖ ✴ ✻ ✸ ✺ ❖ ✼ ❘ ✴ ▲ ✴ ✵❘ P ✰
◗
✴ ✵✻ ❱ ▲
✝
✳❖ ✵❨ ✳✴ ✺ ✸ ❘ ✺ ✼ ✺ ✸ ✸ ✳❘ ❱ ✷ ✻ ✵ ✳❖ ♣
r
◆
❚
P ❘ P ✹ ❘ ✸
✴ ✵✺ ✵❘ ✴ ✸ ❘ ❯ ❘ ✺ ❑ ❘ ❱ ▼ ✳✴ ✼ ✺ ❑ ✴ ✵✺ ✵✳✷ ❖ ✺ ✸ ▲ ✺ ❖ ❱ ❑✷ ❖ ❛ ✴ ✵✸ ✻ ✼ ✵✻ ✸ ✺ ❑ ❩ ✺ ✻ ✴ ❘ ✴ ✳❖ ✵✳P ❘ ✶
which denote the authorities’ caution before taking decisions that are not
✻ ✴ ✻ ✺ ❑❑▲ ❯ ❘ ✸ ▲ ❩ ✷ ❩ ✻ ❑✺ ✸ ✰
❑ ✷ ❫ ❘ ❯ ❘ ✸✶ ✳❖ ✺ ✴ ✵✺ ✵ ❘ ✳❖ ❫ ❨ ✳✼ ❨ ✵❨ ❘ ❘ ❖ ✴ ✻ ✸ ✳❖ ❛ ✷ ▼ ❩ ✻ ✹ ❑✳✼ ✴ ✺ ❑✺ ✸ ▲ ✺ ❖ ❱
❩ ❘ ❖ ✴ ✳✷ ❖ ▼ ✻ ❖ ❱ ✴ ✸ ❘ ❩ ✸ ❘ ✴ ❘ ❖ ✵✴ ✺ ❩ ✸ ✷ ✹ ❑ ❘ P ✶ ✵ ❨ ❘ ✸ ❘ ❱ ✻ ✼ ✵✳✷ ❖ ✷ ▼ ❘ ❬ ❩ ❘ ❖ ❱ ✳✵✻ ✸ ❘ ✴ ✳✴ ❖ ✷
❑✷ ❖ ❛ ❘ ✸ ✺ ✴ ✻ ✳✵✺ ✹ ❑❘ ✴ ✷ ❑✻ ✵✳ ✷ ❖ ✰ ❳ ❨ ✻ ✴ ✶ ✵ ❨ ❘ ❩ ✻ ✹ ❑✳✼ ✼ ✸ ❘ ❱ ✳✵ ✳✴ ✻ ✴ ❘ ❱ ✳❖ ✷ ✸ ❱ ❘ ✸ ✵✷
P ✺ ✳❖ ✵✺ ✳❖ ✵❨ ❘ ▼ ✳❖ ✺ ❖ ✼ ✳✺ ❑ ❘ ❭ ✻ ✳❑✳✹ ✸ ✳✻ P ✰ ❑ ✷ ❫ ❘ ❯ ❘ ✸✶ ✳✵ ✳✴ ❩ ✸ ❘ ▼ ❘ ✸ ✺ ✹ ❑❘ ✵✷ ✻ ✴ ❘ ✵ ❨ ❘
✼ ✸ ❘ ❱ ✳✵ ❘ ❬ ✵✺ ❖ ✵ ✷ ❖ ✵❨ ❘ ✳❖ ✵❘ ✸ ❖ ✺ ❑ P ✺ ✸ ❪ ❘ ✵ ✺ ❖ ❱ ❖ ✷ ✵ ✵❨ ❘ ✷ ❖ ❘ ❘ ❬ ✵✺ ❖ ✵ ✷ ❖ ✵❨ ❘
❘ ❬ ✵❘ ✸ ❖ ✺ ❑ P ✺ ✸ ❪ ❘ ✵✶ ❫ ✳✵❨ ✵❨ ❘ ✼ ✷ ❖ ❱ ✳✵✳✷ ❖ ✵❨ ✺ ✵ ✵❨ ❘ ▼ ✷ ✸ P ❘ ✸ ✳✴ ❖ ✷ ✵ ✵✷ ✷ ❘ ❬ ❩ ❘ ❖ ✴ ✳❯ ❘
✷ ✸ ✺ ❛ ❘ ❖ ❘ ✸ ✺ ✵✷ ✸ ✷ ▼ ❘ ✼ ✷ ❖ ✷ P ✳✼ ❘ ❯ ✳✼ ✵✳✷ ❖ ✰ ◆ ❬ ✼ ❘ ✴ ✴ ✳❯ ❘ ❱ ❘ ❩ ❘ ❖ ❱ ❘ ❖ ✼ ▲ ✷ ❖ ❘ ❬ ✵❘ ✸ ❖ ✺ ❑
✸ ❘ ✴ ✷ ✻ ✸ ✼ ❘ ✴ ❑❘ ✺ ❱ ✴ ✵✷ ✵❨ ❘ ✳❖ ✼ ✸ ❘ ✺ ✴ ❘ ✳❖ ❯ ✻ ❑❖ ❘ ✸ ✺ ✹ ✳❑✳✵ ▲ ✷ ▼ ✵ ❨ ❘ ❖ ✺ ✵✳✷ ❖ ✺ ❑ ❘ ✼ ✷ ❖ ✷ P ▲
✺ ❖ ❱ ✷ ▼ ✳✵✴ P ✺ ✼ ✸ ✷ ❴ ❘ ✼ ✷ ❖ ✷ P ✳✼ ❘ ❭ ✻ ✳❑✳✹ ✸ ✳✻ P ✳❖ ✼ ✺ ✴ ❘ ✷ ▼ ▼ ❑✻ ✼ ✵✻ ✺ ✵✳✷ ❖ ✴ ✷ ❖
✳❖ ✵❘ ✸ ❖ ✺ ✵✳✷ ❖ ✺ ❑ P ✺ ✸ ❪ ❘ ✵✴ ✷ ✸ ✺ ✴ ✳✵ ✳✴ ❖ ✷ ❫ ✺ ❱ ✺ ▲ ✴ ✳❖ ✼ ✺ ✴ ❘ ✷ ▼ ✵❨ ❘ ❫ ✷ ✸ ❑❱ ❫ ✳❱ ❘
❘ ✼ ✷ ❖ ✷ P ✳✼ ✼ ✸ ✳✴ ✳✴ ✰ ❳ ❨ ✳ ✴ ✺ ✴ ❩ ❘ ✼ ✵ ❫ ✺ ✴ ❨ ✳❛ ❨ ❑✳ ❛ ❨ ✵❘ ❱ ✵❨ ✸ ✷ ✻ ❛ ❨ ✺ ✴ ✵✻ ❱ ▲
☎
✵❨ ✺ ✵
❩ ✷ ✳❖ ✵✴ ✷ ✻ ✵ ✵❨ ❘ ✸ ❘ ❑✺ ✵✳✷ ❖ ✴ ❨ ✳❩ ✹ ❘ ✵ ❫ ❘ ❘ ❖ ✵❨ ❘ ❩ ✸ ✳P ✺ ✸ ▲ ✴ ✻ ✸ ❩ ❑✻ ✴ ✺ ❖ ❱ ✵ ❨ ❘ ❑❘ ❯ ❘ ❑ ✷ ▼
✵❨ ❘ ❩ ✻ ✹ ❑✳✼ ❱ ❘ ✹ ✵✶ ✺ ✴ ✺ ❖ ✳❖ ❱ ✳✼ ✺ ✵✷ ✸ ✷ ▼ ▼ ✳✴ ✼ ✺ ❑ ✴ ✻ ✴ ✵✺ ✳❖ ✺ ✹ ✳❑✳✵▲ ✰ ❏ ✷ ✸ ✹ ✷ ✵❨ ❴
✳❖ ❱ ✻ ✴ ✵✸ ✳✺ ❑ ✼ ✷ ✻ ❖ ✵✸ ✳❘ ✴ ✺ ❖ ❱ ❘ P ❘ ✸ ❛ ✳❖ ❛ ❘ ✼ ✷ ❖ ✷ P ✳❘ ✴ ❴ ✵❨ ❘ ✸ ❘ ✺ ✸ ❘ ❩ ✸ ✷ ✷ ▼ ✴ ✷ ▼ ✺ ❑✷ ❖ ❛
✵❘ ✸ P ✸ ❘ ❑ ✺ ✵✳ ✷ ❖ ✴ ❨ ✳❩ ✹ ❘ ✵❫ ❘ ❘ ❖ ✵❨ ❘ ❩ ✸ ✳P ✺ ✸ ▲ ✴ ✻ ✸ ❩ ❑✻ ✴ ✺ ❖ ❱ ❱ ❘ ✹ ✵✴ ✶ ✺ ✴ ❑✷ ❖ ❛ ✺ ✴ ❫ ❘
✵✺ ❪ ❘ ✳❖ ✵✷ ✼ ✷ ❖ ✴ ✳❱ ❘ ✸ ✺ ✵✳✷ ❖ ✺ ✼ ✷ P P ✷ ❖ ✴ ✵✷ ✼ ❨ ✺ ✴ ✵✳✼ ✵❘ ❖ ❱ ❘ ❖ ✼ ▲ ✰
① ✷ ✸ ❘ ✷ ❯ ❘ ✸✶ ✳✵ ❨ ✺ ✴ ✹ ❘ ❘ ❖ ✷ ✹ ✴ ❘ ✸❯ ❘ ❱ ✵❨ ❘ ❘ ❬ ✳✴ ✵❘ ❖ ✼ ❘ ✷ ▼ ✺ ✴ ✵✷ ✼ ❨ ✺ ✴ ✵✳ ✼
✵✸ ❘ ❖ ❱ ▼ ✷ ✸ ❑ ✳❭ ✻ ✳❱ ✳✵✳❘ ✴ ✺ ✵ ✺ ❖ ✺ ✵ ✳✷ ❖ ✺ ❑ ❑❘ ❯ ❘ ❑ ✰ ④ ❨ ✳ ❑❘ ✵❨ ❘ ▼ ✳✴ ✼ ✺ ❑ ✴ ✻ ✴ ✵✺ ✳❖ ✺ ✹ ✳❑✳✵ ▲ ✷ ▼
❘ P ❘ ✸ ❛ ✳❖ ❛
☛
P ✺ ✸❪ ❘ ✵ ❘ ✼ ✷ ❖ ✷ P ✳❘ ✴ ✳✴ ❫ ✳❱ ❘ ❑▲ ❱ ❘ ❩ ❘ ❖ ❱ ❘ ❖ ✵ ✷ ❖ ✵❨ ❘ ❫ ✷ ✸ ❑❱ ❫ ✳❱ ❘
❑✳❭ ✻ ✳❱ ✳✵▲ ✶ ✵❨ ❘ ✳❖ ❱ ✻ ✴ ✵✸ ✳✺ ❑ ✼ ✷ ✻ ❖ ✵✸ ✳❘ ✴ ✴ ❘ ❘ P ✵✷ ✹ ❘ ❑❘ ✴ ✴ ✺ ▼ ▼ ❘ ✼ ✵❘ ❱ ✹ ▲ ✵❨ ✳✴
✼ ✷ P P ✷ ❖ ✴ ✵✷ ✼ ❨ ✺ ✴ ✵✳✼ ✵❘ ❖ ❱ ❘ ❖ ✼ ▲ ✰
◗
✴ ✺ ✸❘ ✴ ✻ ❑✵✶ ✵❨ ❘ ▼ ✳✴ ✼ ✺ ❑ ❩ ✷ ❑✳✼ ▲ ✷ ❖ ✵❨ ❘
❘ P ❘ ✸ ❛ ✳❖ ❛ P ✺ ✸ ❪ ❘ ✵✴ ✴ ❘ ❘ P ✴ ✵✷ ✹ ❘ ❑❘ ❱ ✹ ▲ ✵❨ ❘ ❩ ✻ ✸ ✴ ✻ ✳✵ ✷ ▼ ✵❨ ❘ ✻ ❖ ✳❭ ✻ ❘ ❩ ✻ ✸ ❩ ✷ ✴ ❘
✷ ▼ ▼ ✳✴ ✼ ✺ ❑ ❯ ✳✺ ✹ ✳❑✳✵▲ ✶ ❫ ❨ ✳❑❘ ✵❨ ❘ ✳ ❖ ❱ ✻ ✴ ✵✸ ✳✺ ❑ ✼ ✷ ✻ ❖ ✵✸ ✳❘ ✴ ✼ ✷ P ✹ ✳❖ ❘ ✺
❩ ✸ ❘ ✷ ✼ ✼ ✻ ❩ ✺ ✵✳✷ ❖ ▼ ✷ ✸ ❩ ✻ ✹ ❑ ✳✼ ❱ ❘ ✹ ✵ ✴ ✻ ✴ ✵✺ ✳❖ ✺ ✹ ✳❑✳✵ ▲ ❫ ✳✵❨ ✺ ✼ ✷ ❖ ✴ ✷ ❑✳ ❱ ✺ ✵❘ ❱ ❫ ❘ ❑▼ ✺ ✸ ❘
✷ ▼ ✵❨ ❘ ✹ ✻ ✴ ✳❖ ❘ ✴ ✴ ✼ ▲ ✼ ❑❘ ✰
❚
❖ ❑✳❪ ❘ ❘ P ❘ ✸ ❛ ✳❖ ❛ P ✺ ✸ ❪ ❘ ✵ ❘ ✼ ✷ ❖ ✷ P ✳❘ ✴ ✶ ✵❨ ❘ ✳❖ ❱ ✻ ✴ ✵✸ ✳✺ ❑
✼ ✷ ✻ ❖ ✵✸ ✳❘ ✴ ✺ ✸ ❘ ✼ ✺ ❩ ✺ ✹ ❑ ❘ ✷ ▼ ✸ ✻ ❖ ❖ ✳❖ ❛ ❱ ❘ ▼ ✳✼ ✳✵✴ ❫ ❨ ❘ ❖ ✵❨ ❘ ▲ ✺ ✸ ❘ ✼ ✷ ❖ ▼ ✸ ✷ ❖ ✵❘ ❱ ❫ ✳✵❨
❩ ❘ ✸ ✳✷ ❱ ✴ ✷ ▼ ❘ ✼ ✷ ❖ ✷ P ✳✼ ✸❘ ❛ ✸ ❘ ✴ ✴ ✳ ✷ ❖ ✷ ✸ ✳❖ ✷ ✸ ❱ ❘ ✸ ✵✷ ✼ ✷ P ❩ ❘ ❖ ✴ ✺ ✵❘ ✵❨ ❘ ✵❘ P ❩ ✷ ✸ ✺ ✸ ▲
✳❖ ✼ ✸ ❘ ✺ ✴ ❘ ✷ ▼ ❛ ✷ ❯ ❘ ✸ ❖ P ❘ ❖ ✵✺ ❑ ❘ ❬ ❩ ❘ ❖ ✴ ❘ ✴ ✰
▲ ▼
é ✒á ç ✕ ✘ ◆ à❖ à✘ P æç èé ✘ ❖ à✘ ◗ å ä å ✣ ãé æã✥ ã✕ ✘ ❘ ✴ à ✏ èç ✳ ❙ ✦ ✑ ✥ ✣ ç æ ✥ ç âã
✤
ãæ✕ ✕æå æãé ä å è❚ ❯ ✘
✳ á ✔ ãèã
✤
å ✒ ✳
✤
é ä é á ã
✤
✕ ✘ ❱ é ✒✑ á ç ❲ ❳ ✘ ❨ ✑ á ✦ ç è ❲ ✘ ✙ ✚ ✜ ✚ ✘ ✔ ✣ à ❩ ✧ ❩ ✛❩ ❩ ❳
❬
✖ ❚ èä ç ✘ ❖ à◗ à✘ ❭ ãç ✕ ✕✘ ❨ à✘ ◆ å
✤ ❪
é ä å ✒✥ ✘ ✓ à ❘ ✴ ç ✣ ✒é ✦ å ✒ ✥ ãá ç ä ✕ ãé ä æé âã✕
✤
å ✒ ✕ ✑ ✕ æå ãä å ✦ ã✒ãæ❚ ✘
❖ é ✑ èä å ✒ é â ◆ å
✤
èé ç
✤
é ä é á ã
✤
✕ ✘ ❱ é ✒✑ á ç ❲ ❲ ✘ ❫✕✕ ✑ ç ✙ ✘ ❖ ✑ ä ç ✙ ✚ ✜ ✜ ✘ ✔ ✣ à ✜ ❲ ❩ ✛ ✜ ❴ ✚
❵
◆ ã❚ å ❛ å ❜ ã✘ ❘ à ❘ ✴ ç ç ââç
✤
æ✕ é â âã✕
✤
å ✒ ✔ é ✒ã
✤
❚ ãä æ✴ ç ✜ ❝ ❝ ✚ ✕ ãä ❖å ✔ å ä ✵ ✏ ❱ ✏ ✓ å ä å ✒❚ ✕ ã✕ ß ãæ✴
ç ❞ ç ä æ ✕ æ✑ ✥ ãç ✕
q
❳ ❨ ❘ ✺ ✹ ✷ ❯ ❘ P ❘ ❖ ✵✳✷ ❖ ❘ ❱ ✺ ▼▼ ✳✸P ✺ ✵✳✷ ❖ ✳✴ ✼ ✷ ❖ ✴ ✳✴ ✵❘ ❖ ✵ ❫ ✳✵❨ ✵❨ ❘
❱ ✳▼▼ ✳✼ ✻ ❑✵✳❘ ✴ ❘ ❖ ✼ ✷ ✻ ❖ ✵❘ ✸ ❘ ❱ ✹ ▲ ❘ P ❘ ✸❛ ✳❖ ❛ P ✺ ✸ ❪ ❘ ✵ ❘ ✼ ✷ ❖ ✷ P ✳❘ ✴ ❫ ❨ ❘ ❖ ✳✴ ✴ ✻ ✳❖ ❛
❛ ✷ ❯ ❘ ✸❖ P ❘ ❖ ✵ ✴ ❘ ✼ ✻ ✸ ✳✵✳❘ ✴ ✰
■ ✻ ✸ ✳❖ ❛ ✵❨ ❘ ✺ ❖ ✺ ❑ ▲ ✴ ❘ ❱ ❩ ❘ ✸ ✳✷ ❱ ✶ ✵❨ ❘ P ✺ ❖ ✺ ❛ ❘ P ❘ ❖ ✵ ✷ ▼ ▼ ✳✴ ✼ ✺ ❑ ❩ ✷ ❑✳✼ ✳❘ ✴
❱ ❘ ✴ ❩ ✳✵❘ ✵❨ ❘ ❩ ✷ ❑✳✵✳✼ ✺ ❑ ✹ ✺ ✼ ❪ ❛ ✸ ✷ ✻ ❖ ❱ ❫ ✺ ✴ ✼ ❨ ✺ ✸ ✺ ✼ ✵❘ ✸ ✳✴ ❘ ❱ ✹ ▲ ✵❨ ❘ ❩ ❘ ✸ ❩ ❘ ✵ ✻ ✺ ✵✳ ✷ ❖
✷ ▼ ✵❨ ❘ ✴ ✵✸ ✻ ✼ ✵✻ ✸ ✺ ❑ ✹ ✻ ❱ ❛ ❘ ✵✺ ✸ ▲ ❱ ❘ ▼ ✳✼ ✳✵✴ ✼ ✷ P ✹ ✳❖ ❘ ❱ ❫ ✳✵❨ ✺ ✸ ❘ ✴ ✵✸ ✳✼ ✵❘ ❱ ✴ ❩ ✺ ✼ ❘ ▼ ✷ ✸
P ✺ ❖ ✷ ❘ ✻ ❯ ✸✳❖ ❛ ✸ ❘ ❛ ✺ ✸ ❱ ✳❖ ❛ ✵❨ ❘ ▼ ✳✴ ✼ ✺ ❑ ✼ ✷ ✸ ✸ ❘ ✼ ✵✳✷ ❖ ✴ ❱ ✻ ❘ ✵✷ ✵❨ ❘ ❨ ✳❛ ❨ ❑❘ ❯ ❘ ❑ ✷ ▼
✵❫ ✳❖ ❱ ❘ ▼ ✳✼ ✳✵✴ ♥ ▼✷ ✸ ❘ ❬ ✺ P ❩ ❑❘ ✶ ✳❖ ❦ ❧ ❧ ♦ ✶ ✵❨ ❘ ❖ ✷ P ✳❖ ✺ ❑ ✹ ✻ ❱ ❛ ❘ ✵✺ ✸ ▲ ❱ ❘ ▼ ✳✼ ✳✵
✸ ❘ ❩ ✸ ❘ ✴ ❘ ❖ ✵ ❘ ❱ ✎ ✰
ê ♦
✷ ▼ ● ■ ② ✶ ❫ ❨ ✳❑❘ ✵❨ ❘ ✼ ✻ ✸ ✸ ❘ ❖ ✵ ✺ ✼ ✼ ✷ ✻ ❖ ✵ ❱ ❘ ▼ ✳✼ ✳✵ ✸ ❘ ❩ ✸ ❘ ✴ ❘ ❖ ✵❘ ❱
♣
r ♦
✷ ▼ ✵❨ ❘ ● ■ ② ✶ ✹ ✷ ✵❨ ✹ ❘ ✳❖ ❛ ✼ ✷ ❖ ✴ ✳❱ ❘ ✸ ❘ ❱ ❘ ❬ ✼ ❘ ✴ ✴ ✳❯ ❘ ✰
✯ ✳❪ ❘ ❫ ✳✴ ❘ ✶ P ✺ ✳❖ ✵❘ ❖ ✺ ❖ ✼ ❘ ✷ ▼ ▼✳✴ ✼ ✺ ❑✳✵▲ ✺ ✵ ✵❨ ❘ ✴ ✺ P ❘ ❑❘ ❯ ❘ ❑ ✳❖ ❦ ❧ ❧ ♠ ✺ ❖ ❱
❦ ❧ ❧ ♦ ✶ ❫ ❨ ✳✼ ❨ ❫ ❘ ✸ ❘ ▲ ❘ ✺ ✸ ✴ ✷ ▼ ❘ ✼ ✷ ❖ ✷ P ✳✼ ❛ ✸ ✷ ❫ ✵❨ ✼ ❨ ✺ ✸ ✺ ✼ ✵ ❘ ✸ ✳✴ ❘ ❱ ✹ ▲ ✺ ❖
❘ ✼ ✷ ❖ ✷ P ✳✼ ✷ ❯ ❘ ✸ ❨ ❘ ✺ ✵✳❖ ❛ ✶ ✳✴ ✺ ❖ ✷ ✵❨ ❘ ✸ P ✳✴ ✵✺ ❪ ❘ ✷ ▼ ✵❨ ❘ ✲ ✷ P ✺ ❖ ✳✺ ❖ ✺ ✻ ✵❨ ✷ ✸ ✳✵✳❘ ✴
✺ ✼ ✼ ✷ ✸ ❱ ✳❖ ❛ ✵✷ ✵❨ ❘ ✵❨ ❘ ✷ ✸ ❘ ✵✳✼ ✺ ❑ ❩ ✸ ❘ ❱ ✳✼ ✵✳✷ ❖ ✴ ✰
❳ ❨ ❘ ✴ ✵✻ ❱ ✳❘ ✴
✠
✼ ✺ ✸ ✸ ✳❘ ❱ ✷ ❖ ✺ ▼ ✵❘ ✸ ❦ ❧ ❧ ♠ ❴ ✵❨ ❘ ✹ ❘ ❛ ✳ ❖ ❖ ✳❖ ❛ ✷ ▼ ✵❨ ❘
▼ ✳❖ ✺ ❖ ✼ ✳✺ ❑ ✺ ❖ ❱ ❘ ✼ ✷ ❖ ✷ P ✳✼ ✼ ✸ ✳✴ ✳✴ ❴ ❨ ✳❛ ❨ ❑✳ ❛ ❨ ✵❘ ❱ ✺ ✸ ❘ ❱ ✻ ✼ ✵✳✷ ❖ ✳ ❖ ✵❨ ❘
❛ ✷ ❯ ❘ ✸❖ P ❘ ❖ ✵✺ ❑ ✸ ❘ ✺ ✼ ✵✳✷ ❖ ✸ ❘ ❯ ❘ ❖ ✻ ❘ ✴ ✶ ✸ ❘ ❩ ✷ ✸ ✵❘ ❱ ✵✷ ✵❨ ❘ ❘ ✼ ✷ ❖ ✷ P ✳ ✼ ✼ ▲ ✼ ❑❘ ▼ ✷ ✸ ✵❨ ❘
P ✺ ❵ ✷ ✸ ✳✵▲ ✷ ▼ ✼ ✷ ✻ ❖ ✵✸ ✳❘ ✴ ✶ ✼ ✷ P ❩ ✺ ✸ ❘ ❱ ✵✷ ✵❨ ❘ ✼ ✺ ❩ ✺ ✼ ✳✵ ▲ ✵✷ ✸ ❘ ✺ ✼ ✵ ✷ ▼ ✵❨ ❘
❛ ✷ ❯ ❘ ✸❖ P ❘ ❖ ✵✺ ❑ ❘ ❬ ❩ ❘ ❖ ✴ ❘ ✴ ✰ ❳ ❨ ✻ ✴ ✶ ✵❨ ❘ ✴ ❘ ✸ ❘ ✴ ✻ ❑✵✴ ❖ ✷ ✵✳▼ ▲ ✺ ❱ ❘ ✵❘ ✸ ✳✷ ✸ ✺ ✵✳✷ ❖ ✷ ▼ ✵❨ ❘
✼ ✺ ❩ ✺ ✼ ✳ ✵▲ ✷ ▼ ▼ ✳✴ ✼ ✺ ❑ ✺ ✻ ✵❨ ✷ ✸ ✳✵✳❘ ✴ ✵✷ ✻ ✴ ❘ ✵❨ ❘ ✺ ✻ ✵✷ P ✺ ✵✳✼ ✴ ✵✺ ✹ ✳❑✳♥ ❘ ✸ ✴ ✵✷
✼ ✷ ✻ ❖ ✵❘ ✸✺ ✼ ✵ ✵❨ ❘ ❖ ❘ ❛ ✺ ✵✳❯ ❘ ❘ ▼ ▼ ❘ ✼ ✵✴ ✷ ▼ ✵❨ ❘ ❘ ✼ ✷ ❖ ✷ P ✳✼ ✼ ✸ ✳ ✴ ✳✴ ✰
❂ ❊ ■ ✿ ❅✾ ❇ ❀❊ ■
■ ✸ ✺ ❫ ✳❖ ❛ ✺ ✼ ✷ ❖ ✼ ❑✻ ✴ ✳ ✷ ❖ ✷ ❖ ✵❨ ❘ ✺ ✴ ❩ ❘ ✼ ✵✴ ✷ ✹ ✴ ❘ ✸❯ ❘ ❱ ❩ ✸ ❘ ❯ ✳✷ ✻ ✴ ❑ ▲ ✹ ✻ ✵
✺ ❑✴ ✷ ✼ ✷ ❖ ✴ ✳❱ ❘ ✸ ✳❖ ❛ ✵❨ ❘ ❨ ✻ ❛ ❘ ▼ ✳✴ ✼ ✺ ❑ ✴ ✵✳P ✻ ❑✻ ✴ ❩ ✺ ✼ ❪ ✺ ❛ ❘ ✴ ✻ ✴ ❘ ❱ ✷ ❖ ✵❨ ❘
✹ ✺ ✼ ❪ ❛ ✸ ✷ ✻ ❖ ❱ ✷ ▼ ✵❨ ❘ ▼ ✳❖ ✺ ❖ ✼ ✳✺ ❑ ✼ ✸ ✳✴ ✳✴ ✶ ✵❨ ❘ ✹ ✻ ❱ ❛ ❘ ✵ ✼ ✷ ❖ ✴ ✷ ❑ ✳❱ ✺ ✵✳✷ ❖ ✳✴ ❛ ✷ ✳❖ ❛ ✵✷
✹ ❘ ✷ ❖ ❘ ✷ ▼ ✵❨ ❘ P ✷ ✴ ✵ ✳P ❩ ✷ ✸ ✵✺ ❖ ✵ ✵✺ ✴ ❪ ✴ ✷ ▼ ✵❨ ❘ ❛ ✷ ❯ ❘ ✸ ❖ P ❘ ❖ ✵✴ ✺ ✸ ✷ ✻ ❖ ❱ ✵❨ ❘
● ❑✷ ✹ ❘ ✰ ✲ ❘ ✼ ❘ ❖ ✵ ✴ ✵✻ ❱ ✳❘ ✴
☞
✹ ✸ ✳❖ ❛ ▼ ✷ ✸❫ ✺ ✸ ❱ ✵❨ ❘ ▼ ✺ ✼ ✵ ✵❨ ✺ ✵ ✼ ✷ ✸ ✸ ✻ ❩ ✵ ✼ ✷ ✻ ❖ ✵✸ ✳❘ ✴
✸ ❘ ❛ ✳ ✴ ✵❘ ✸ ❑❘ ✴ ✴ ✴ ✻ ✼ ✼ ❘ ✴ ✴ ✳❖ ✵❨ ❘ ✼ ✷ ❖ ✴ ✷ ❑✳❱ ✺ ✵✳✷ ❖ ✷ ▼ ✵❨ ❘ ✳✸ ✹ ✻ ❱ ❛ ❘ ✵✴ ❱ ✻ ✸ ✳❖ ❛ ✵✳P ❘ ✴ ✷ ▼
✴ ❘ ✸ ✳✷ ✻ ✴ ✼ ✸ ✳✴ ✳✴ ✰ ✲ ❘ ✴ ❘ ✺ ✸ ✼ ❨ ❘ ✸ ✴ P ✺ ❖ ✺ ❛ ❘ ❱ ✵✷ ✳❱ ❘ ❖ ✵✳▼ ▲ ✵❫ ✷ ❖ ❘ ❛ ✺ ✵✳❯ ❘ ❘ ▼ ▼ ❘ ✼ ✵✴ ❥ ✺
❱ ✳✸ ❘ ✼ ✵ ✺ ❖ ❱ ✳❖ ❱ ✳✸ ❘ ✼ ✵ ✷ ❖ ❘ ❱ ❘ ✸ ✳❯ ✳❖ ❛ ▼ ✸ ✷ P ✵❨ ❘ ✼ ❨ ✷ ✳✼ ❘ ✷ ▼ ✵❨ ❘ ❫ ✸ ✷ ❖ ❛ ▼ ✳✴ ✼ ✺ ❑
❩ ✷ ❑✳✼ ▲ ✵ ✷ ✷ ❑✴ ✰ ❏ ✸ ✷ P ✺ ❩ ✷ ❑✳✵✳✼ ✺ ❑ ✺ ❖ ❱ ❘ ✼ ✷ ❖ ✷ P ✳✼ ❩ ✷ ✳❖ ✵ ✷ ▼ ❯ ✳❘ ❫ ✶ ✵❨ ✳✴ P ✳ ❛ ❨ ✵ ✹ ❘
❘ ❬ ❩ ❑✺ ✳❖ ❘ ❱ ✵❨ ✸ ✷ ✻ ❛ ❨ ✵❨ ❘ ▼ ✺ ✼ ✵ ✵❨ ✺ ✵ ✼ ✷ ✸ ✸ ✻ ❩ ✵ ❛ ✷ ❯ ❘ ✸ ❖ P ❘ ❖ ✵✴ ❨ ✺ ❯ ❘ ❨ ✳❛ ❨ ❘ ✸
♣
✏ âé ä ✕ é ✘ ✏ à✘ ✏ ✣ ä ç ✒✒é ✘ q à✘ ❭ ✑ è
✤
ç èã✘
❪
à✘ r é ✑ ✕ å ✘ ✓ à◆ à ✏ ✕ ✕ç ✕ ✕ ãä ✣ ✒é ä ✣ ✛æç èá âã✕
✤
å ✒
✥ ç ❞ ç ✒é ✔ á ç ä æ✕ ✵ ✏ ä ç ß å ✔ ✔ èé å
✤
✴ ✘ ❖ é ✑ èä å ✒ é â ❫ä æç èä å æãé ä å ✒ ◆ é ä ç ❚ å ä ✥ ❭ ãä å ä
✤
ç ✘ ❱ é ✒✑ á ç
❲ ✚ ✘ ❫ ✕✕ ✑ ç ✜ ✘ ❭ ç ✦ è ✑ å è❚ ✙ ✚ ✜ ✜ ✘ ✔ ✣ à ✜ ❲ ✚ ✛ ✜ s ✧
t
✏ èãä ✘ ✉ à◗ à✘ ✗ ✴ á ç ✒å èé ❞ å ✘ ❱ à✘ ❭ ç ç ✕ ✕ ✘ ✳ à✘ ✈ é ✴ ✒✕
✤
✴ ✒ç ✣ ç ✒✘ ✏ à ✈ ✴ ❚ å è ç
✤
é èè ✑ ✔ æ
✤
é ✑ ä æèãç ✕
✒ç ✕✕ ✕ ✑
✤ ✤
ç ✕ ✕ â✑ ✒ ãä
✤
é ä ✕ é ✒ã✥ å æãä ✣ æ✴ ç ãè ✦ ✑ ✥ ✣ ç æ✕ ❯ ✘ ❖ é ✑ èä å ✒ é â ◗ ✑ ✦ ✒ã
✤
✳
✤
é ä é á ã
✤
✕ ✘ ❫ä ◗ èç ✕ ✕ ✘
Considerations on the structure and particularities of tax revenues……
q ❊stimulant’s
✵❨ ✺ ✵ ✺ ❑❑✷ ❫ ✵❨ ❘ P ✵✷ P ✺ ✳❖ ✵ ✺ ✳❖ ✵❨ ❘ ✳✸ ❨ ✻ ❛ ❘ ❘ ❬ ❩ ❘ ❖ ✴ ❘ ✴ ❘ ❯ ❘ ❖ ❱ ✻ ✸ ✳❖ ❛✼ ✷ ❖ ✴ ✷ ❑✳❱ ✺ ✵✳✷ ❖ ❩ ❘ ✸✳ ✷ ❱ ✴ ✶ ✴ ✷ ✺ ✴ ✵✷ ✵✺ ❪ ❘ ✳❖ ✵✷ ✼ ✷ ❖ ✴ ✳❱ ❘ ✸ ✺ ✵✳ ✷ ❖ ✵❨ ❘ ❑✷ ✹ ✹ ▲
✳❖ ✵❘ ✸ ❘ ✴ ✵✴ ❴ ✵❨ ❘ ✴ ✷ ❴ ✼ ✺ ❑❑❘ ❱ ❩ ✺ ✸ ✺ ✴ ✳✵✳✴ P ✺ P ✷ ❖ ❛ ❑✷ ✹ ✹ ▲ ❛ ✸ ✷ ✻ ❩ ✴
✡
✰
❳ ❨ ❘ ▼ ✳✴ ✼ ✺ ❑ ✹ ❘ ❨ ✺ ❯ ✳✷ ✻ ✸ ✷ ▼ ✼ ✷ ✸ ✸ ✻ ❩ ✵ ✼ ✷ ✻ ❖ ✵✸ ✳❘ ✴ ❱ ✻ ✸ ✳❖ ❛ ❨ ✺ ✸ ✴ ❨ ❩ ❘ ✸ ✳✷ ❱ ✴
❨ ✺ ✴ ✵✷ ✹ ❘ P ✷ ❖ ✳✵ ✷ ✸❘ ❱ ✼ ✺ ✸ ❘ ▼ ✻ ❑❑▲ ✹ ▲ ✳❖ ✵❘ ✸ ❖ ✺ ✵✳✷ ❖ ✺ ❑ ✷ ✸ ❛ ✺ ❖ ✳♥ ✺ ✵✳✷ ❖ ✴ ✴ ✻ ✼ ❨ ✺ ✴ ❳ ❨ ❘
◆ ✻ ✸ ✷ ❩ ❘ ✺ ❖
❚
❖ ✳✷ ❖ ✺ ❖ ❱ ✵❨ ❘ ✉ ❖ ✵❘ ✸ ❖ ✺ ✵✳✷ ❖ ✺ ❑ ① ✷ ❖ ❘ ✵✺ ✸ ▲ ❏ ✻ ❖ ❱ ✰ ◗ ✴ ✼ ✷ ✸ ✸ ✻ ❩ ✵
✼ ✷ ✻ ❖ ✵✸ ✳❘ ✴ ✶ ✵❨ ❘ ▲ ✼ ✺ ❖ ❖ ✷ ✵ ✼ ✷ ❖ ✴ ✷ ❑✳❱ ✺ ✵❘ ✳❖ ✺ ❱ ✻ ✸ ✺ ✹ ❑❘ ❫ ✺ ▲ ✵❨ ❘ ✳✸ ✹ ✻ ❱ ❛ ❘ ✵✶ ❘ ❯ ❘ ❖
❱ ✻ ✸ ✳❖ ❛ ❨ ✺ ✸ ✴ ❨ ❩ ❘ ✸ ✳✷ ❱ ✴ ✶ ✹ ❘ ✼ ✺ ✻ ✴ ❘ ✵❨ ❘ ▲ ✼ ❨ ✷ ✴ ❘ ✵❨ ❘ ❫ ✸ ✷ ❖ ❛ ✵✷ ✷ ❑ ❫ ❨ ✳✼ ❨ ✳❖ ❱ ✻ ✼ ❘ ✴
✵❨ ❘ ✳❱ ❘ ✺ ✷ ▼ ✵❨ ❘ ❩ ✸ ✷ ❵ ❘ ✼ ✵✳✷ ❖ ✷ ▼ ✼ ❘ ✸ ✵✺ ✳❖ ✼ ✷ ❖ ✵✸ ✷ ❑ P ❘ ✼ ❨ ✺ ❖ ✳✴ P ✴ ❫ ❨ ✳✼ ❨ ✸ ❘ ▼ ❘ ✸ ❖ ✷ ✵
✷ ❖ ❑▲ ✵✷ ✴ ❨ ✷ ✸ ✵ ✵❘ ✸ P ❱ ❘ ▼ ✳ ✼ ✳✵ ✶ ✹ ✻ ✵ ✺ ✸ ❘ ✺ ❑✴ ✷ ❛ ✻ ✳❱ ❘ ❱ ❱ ✳✸ ❘ ✼ ✵❑▲ ✵✷ ❫ ✺ ✸ ❱ ✴ ✵❨ ❘
✸ ❘ ❱ ✻ ✼ ✵✳✷ ❖ ✷ ▼ ❘ ❬ ❩ ❘ ❖ ✴ ❘ ✴ ✰ ❳ ❨ ✳✴ P ✳❛ ❨ ✵ ✺ ❑✴ ✷ ✹ ❘ ✺ ❖ ✳❖ ✵❘ ❑❑✳❛ ❘ ❖ ✵ ❱ ❘ ❯ ✳✼ ❘ ✵✷
✺ ❑❑❘ ❯ ✳✺ ✵❘ ✵❨ ❘ ❱ ✳✴ ❩ ✸ ✷ ❩ ✷ ✸ ✵✳✷ ❖ ✴ ✼ ✺ ✻ ✴ ❘ ❱ ✹ ▲ ✵❨ ❘ ✼ ✷ ✸ ✸ ✻ ❩ ✵ ❛ ✷ ❯ ❘ ✸ ❖ P ❘ ❖ ✵✴ ✶ ✵✷ ❫ ✺ ✸ ❱ ✴
❨ ✳❛ ❨ ❘ ❬ ❩ ❘ ❖ ✴ ❘ ✴ ❫ ✳✵❨ ✷ ✻ ✵ ✳❖ ✵❘ ✸ ▼ ❘ ✸ ✳❖ ❛ ✳❖ ✺ ❵ ✻ ✴ ✵✳▼ ✳✺ ✹ ❑❘ P ✺ ❖ ❖ ❘ ✸ ❫ ✳✵ ❨ ✵❨ ❘ ✸ ❘ ✺ ❑
❖ ❘ ❘ ❱ ✴ ✷ ▼ ✵❨ ❘ ❩ ✻ ✹ ❑✳✼ ✴ ❘ ✸ ❯ ✳✼ ❘ ✴ ✰
✲ ❘ ❛ ✺ ✸ ❱ ✳❖ ❛ ✵❨ ❘ ✳P ❩ ✺ ✼ ✵ ✷ ▼ ❱ ❘ ✼ ❘ ❖ ✵✸ ✺ ❑✳♥ ✺ ✵✳✷ ❖ ✺ ❖ ❱ ✸ ❘ ❛ ✳✷ ❖ ✺ ❑✳♥ ✺ ✵✳✷ ❖ ✷ ❖
✵❨ ❘ ✵✺ ❬ ✼ ✷ P ❩ ✷ ❖ ❘ ❖ ✵ ✺ ❖ ❱ ▼ ✳❖ ✺ ❑❑▲ ✷ ❯ ❘ ✸ ✵ ❨ ❘ ✹ ✻ ❱ ❛ ❘ ✵✺ ✸ ▲ ✹ ✺ ❑✺ ❖ ✼ ❘ ✶ ✵❨ ❘ ✸ ❘ ❫ ❘ ✸ ❘
✳❱ ❘ ❖ ✵✳▼ ✳❘ ❱ ✺ ❖ ❱ ✹ ✸ ✷ ✻ ❛ ❨ ✵ ▼ ✷ ✸ ❫ ✺ ✸❱ ✵❨ ✸ ✷ ✻ ❛ ❨ ③ ✰
Neyapti’s
✍
✴ ✵✻ ❱ ▲ ✶ ✺ ✴ ❘ ✸ ✳❘ ✴ ✷ ▼
❩ ✸ ✷ ✷ ▼ ✴ ✵❨ ✺ ✵ ❩ ✷ ✳❖ ✵ ✷ ✻ ✵ ✺ ✴ ❘ ✸ ✳✷ ✻ ✴ ❖ ❘ ❛ ✺ ✵✳❯ ❘ ❘ ▼ ▼ ❘ ✼ ✵ ✷ ▼ ▼ ✳✴ ✼ ✺ ❑ ❱ ❘ ✼ ❘ ❖ ✵✸ ✺ ❑✳✴ ✺ ✵✳✷ ❖ ✰
Neyapti’s
findings
recommend
caution
regarding
a
fiscal
❱ ❘ ✼ ❘ ❖ ✵✸ ✺ ❑✳✴ ✺ ✵✳✷ ❖ ✴ ✳❖ ✼ ❘ ✵❨ ❘ ✼ ✷ ✻ ❖ ✵✸ ▲ ✼ ❨ ✺ ✸ ✺ ✼ ✵❘ ✸ ✳✴ ✵✳✼ ✴ ✺ ❖ ❱ ✵❨ ❘ ✳❖ ✴ ✵✳✵✻ ✵✳✷ ❖ ✺ ❑
✼ ❨ ✺ ✸ ✺ ✼ ✵❘ ✸ ✳✴ ✵✳✼ ✴ ✳❖ ▼ ❑✻ ❘ ❖ ✼ ❘ ❛ ✸❘ ✺ ✵❑ ▲ ✵❨ ❘ ❘ ▼ ▼ ✳✼ ✳❘ ❖ ✼ ▲ ✷ ▼ ▼ ✳✴ ✼ ✺ ❑ ❱ ❘ ✼ ❘ ❖ ✵✸ ✺ ❑✳✴ ✺ ✵✳✷ ❖
✳❖ ❱ ❘ ▼ ✳✼ ✳ ✵ ✸ ❘ ❱ ✻ ✼ ✵✳✷ ❖ ✴ ✰ ❳ ❨ ❘ ✴ ✵✻ ❱ ▲ ✴ ❨ ✷ ❫ ✴ ✵❨ ✺ ✵ ✵❨ ❘ ❘ ▼ ▼ ✳✼ ✳❘ ❖ ✼ ▲ ✷ ▼ ▼ ✳✴ ✼ ✺ ❑
❱ ❘ ✼ ❘ ❖ ✵✸ ✺ ❑✳✴ ✺ ✵✳✷ ❖ ✳❖ ✵❨ ❘ ❱ ❘ ▼ ✳✼ ✳✵ ✸ ❘ ❱ ✻ ✼ ✵✳✷ ❖ ✳✴ ✳❖ ✼ ✸ ❘ ✺ ✴ ❘ ❱ ✹ ▲ ❩ ✷ ❩ ✻ ❑✺ ✵✳✷ ❖
❛ ✸ ✷ ❫ ✵❨ ✶ ❘ ❯ ❘ ❖ ✵❨ ✷ ✻ ❛ ❨ ❱ ❘ ▼ ✳✼ ✳✵✴ ✺ ✸ ❘ ✻ ✴ ✻ ✺ ❑❑▲ ✺ ✴ ✴ ✷ ✼ ✳✺ ✵❘ ❱ ✳❖ ✺ ❩ ✷ ✴ ✳✵✳❯ ❘ P ✺ ❖ ❖ ❘ ✸
❫ ✳✵❨ ✵❨ ❘ ❩ ✷ ❩ ✻ ❑✺ ✵✳✷ ❖ ❛ ✸ ✷ ❫ ✵❨ ✰ ❳ ❨ ❘ ✸ ❘ ✴ ✻ ❑✵✴ ✺ ❑✴ ✷ ❫ ✺ ✸ ❖ ✷ ❖ ✵❨ ❘ ▼ ✺ ✼ ✵ ✵❨ ✺ ✵
❱ ❘ ✼ ❘ ❖ ✵✸ ✺ ❑✳✴ ✺ ✵✳✷ ❖ ✺ ▼ ▼❘ ✼ ✵✴ ❩ ✻ ✹ ❑✳✼ ❘ ❬ ❩ ❘ ❖ ✴ ❘ ✴ ✶ ❫ ❨ ✳✼ ❨ ✺ ✸ ❘ P ✷ ✸ ❘ ❘ ▼ ▼ ✳✼ ✳❘ ❖ ✵ ✳❖
✼ ✺ ✴ ❘ ✷ ▼ ❑✷ ❫ ❑❘ ❯ ❘ ❑✴ ✷ ▼ ❘ ✵❨ ❖ ✷ ❴ ❑✳❖ ❛ ✻ ✳✴ ✵✳✼ ✺ ❖ ❱ ❛ ✷ ❯ ❘ ✸ ❖ P ❘ ❖ ✵ ❱ ✳❯ ✳✴ ✳ ✷ ❖ ✶ ❫ ❨ ✳❑❘
✵❨ ❘ ✴ ❘ ✼ ❨ ✺ ✸ ✺ ✼ ✵❘ ✸ ✳✴ ✵✳✼ ✴ ❱ ✷ ❖ ✷ ✵ ✴ ❘ ❘ P ✵✷ ✳❖ ▼ ❑✻ ❘ ❖ ✼ ❘ ✵❨ ❘ ❘ ▼ ▼❘ ✼ ✵✳❯ ❘ ❖ ❘ ✴ ✴ ✷ ▼
❱ ❘ ✼ ❘ ❖ ✵✸ ✺ ❑✳✴ ✺ ✵✳✷ ❖ ✷ ❯ ❘ ✸ ✸ ❘ ❯ ❘ ❖ ✻ ❘ ✴ ✰
❑ ✷ ❫ ❘ ❯ ❘ ✸ ✶ ✳❖ ✷ ✻ ✸ ✼ ✷ ✻ ❖ ✵✸ ▲ ✶ ✷ ❯ ❘ ✸ ✵❨ ❘ ❩ ✺ ✴ ✵ ✵❫ ✷ ❱ ❘ ✼ ✺ ❱ ❘ ✴ ✶ ✵❨ ❘ ❛ ❘ ❖ ❘ ✸ ✺ ❑
❘ ❭ ✻ ✳❑✳✹ ✸ ✳✻ P ✷ ▼ ✵❨ ❘ ✴ ✷ ✼ ✳❘ ✵▲ ✶ ✷ ▼ ✵❨ ❘ ❘ ✼ ✷ ❖ ✷ P ✳✼ ✺ ❖ ❱ ✴ ✷ ✼ ✳✺ ❑ ✴ ▲ ✴ ✵ ❘ P ❨ ✺ ✴ ✹ ❘ ❘ ❖
❱ ✳✴ ✵✷ ✸ ✵❘ ❱ ✳▼ ❫ ❘ ✵✺ ❪ ❘ ✳❖ ✵✷ ✼ ✷ ❖ ✴ ✳❱ ❘ ✸ ✺ ✵✳✷ ❖ ✵❨ ❘ ✼ ✷ ❖ ✵✸ ✺ ❱ ✳✼ ✵✳✷ ❖ ✹ ❘ ✵❫ ❘ ❘ ❖ ✵❨ ❘ ✵❫ ✷
✴ ▲ ✴ ✵❘ P ✴ ✰ ❍ ❖ ✷ ❖ ❘ ❨ ✺ ❖ ❱ ✶ ✵❨ ❘ ✴ ✷ ✼ ✳✺ ❑ ✴ ▲ ✴ ✵❘ P ✳❖ ✼ ❑✳❖ ❘ ✴ ✵ ✷ ❫ ✺ ✸ ❱ ✴ ✺ ✯ ✻ ❱ ❫ ✳❛
◆ ✸ ❨ ✺ ✸ ✵ ✵▲ ❩ ❘ ✷ ▼ ✴ ✷ ✼ ✳✺ ❑ P ✷ ❱ ❘ ❑✶ ✼ ❨ ✺ ✸ ✺ ✼ ✵❘ ✸ ✳✴ ❘ ❱ ✹ ▲ ✳❖ ✼ ✸ ❘ ✺ ✴ ❘ ❱ ✴ ✷ ✼ ✳✺ ❑ ❩ ✸ ✷ ✵❘ ✼ ✵✳✷ ❖
✇
❪
✴ å èá å ✔ å ✒å à
❪
à ❘ ✴ ç ✗ é ä ✣ èç ✕ ✕ ãé ä å ✒ ✦ ✑ ✥ ✣ ç æ ✔ èé
✤
ç ✕ ✕✘ å ✣ ✣ èç ✣ å æç ✕✔ ç ä ✥ ãä ✣ ✘ å ä ✥
✕ æå æ✑ æé è❚ ✦ ✑ ✥ ✣ ç æ è✑ ✒ç ✕ ✘ ❖ é ✑ èä å ✒ é â ◗ ✑ ✦ ✒ã
✤
✳
✤
é ä é á ã
✤
✕ ✘ ❱ é ✒✑ á ç ❝ ✚ ✘ ❫✕✕ ✑ ç ✕ ✜ ✛✙ ✘ ❖ å ä ✑ å è❚
✙ ✚ ✚ ✧ ✘ ✔ ✣ à ✜ ✜ ❝ ✛ ✜ s ✜
①
❨ ç ❚ å ✔ æã✘ ✖ à ❭ ã✕
✤
å ✒ ✥ ç
✤
ç ä æèå ✒ã❛ å æãé ä å ä ✥ ✥ ç âã
✤
ãæ✕ ✵ ❫ä æç èä å æãé ä å ✒ ç ❞ ã✥ ç ä
✤
ç ✘ ✳ ✑ èé ✔ ç å ä
P ❘ ✺ ✴ ✻ ✸❘ ✴ ❫ ❨ ✳✼ ❨ ✳P ❩ ❑▲ ✵❨ ❘ ❑❘ ❯ ▲ ✷ ▼ ✺ ❖ ✳P ❩ ✷ ✸ ✵✺ ❖ ✵ ❭ ✻ ✷ ✵✺ ❤
ê
❧
♦
✷ ▼ ✵❨ ❘ ❛ ✸✷ ✴ ✴
❱ ✷ P ❘ ✴ ✵✳✼ ❩ ✸ ✷ ❱ ✻ ✼ ✵✐ ♥ ✺ P ✷ ❱ ❘ ❑ ✺ ❩ ❩ ❑✳ ❘ ❱ ✳❖ ✵ ❨ ❘ ✈ ✷ ✸ ✵❨ ◆ ✻ ✸ ✷ ❩ ❘ ✺ ❖ ✇ ✵✺ ✵❘ ✴ ✺ ❖ ❱
❨ ✺ ❯ ✳❖ ❛ ● ❘ ✸ P ✺ ❖ ▲ ✺ ✴ ✳✵✴ P ✺ ✳❖ ❩ ✳✷ ❖ ❘ ❘ ✸ ✰ ❍ ❖ ✵❨ ❘ ✷ ✵ ❨ ❘ ✸ ❨ ✺ ❖ ❱ ✶ ✵ ❨ ❘ ✲ ✷ P ✺ ❖ ✳✺ ❖
▼ ✳✴ ✼ ✺ ❑ P ✷ ❱ ❘ ❑ ✷ ▼ ✵❨ ❘ ❩ ✺ ✴ ✵ ✵❫ ✷ ❱ ❘ ✼ ✺ ❱ ❘ ✴ ❨ ✺ ✴ ✸✺ ✵❨ ❘ ✸ ✹ ❘ ❘ ❖ ✺ P ✳❖ ✳P ✺ ❑✳✴ ✵ ✷ ❖ ❘ ✶
✺ ✼ ✼ ✷ ✸ ❱ ✳❖ ❛ ✵✷ ✵❨ ❘ ✺ ❖ ✺ ❑▲ ✴ ❘ ❱ ▼ ✳❛ ✻ ✸ ❘ ✴ ✺ ❖ ❱ ✳▼ ❫ ❘ ✵✺ ❪ ❘ ✳❖ ✵✷ ✼ ✷ ❖ ✴ ✳❱ ❘ ✸ ✺ ✵✳✷ ❖ ✵❨ ❘
▼ ✺ ✼ ✵ ✵❨ ✺ ✵ ✵✺ ❬ ❑❘ ❯ ✳❘ ✴ ✸❘ ❩ ✸ ❘ ✴ ❘ ❖ ✵ ✺ ❩ ❩ ✸ ✷ ❬ ✳P ✺ ✵❘ ❑▲
r
♣
♦
✷ ▼ ✵❨ ❘ ❛ ✸ ✷ ✴ ✴ ❱ ✷ P ❘ ✴ ✵✳✼
❩ ✸ ✷ ❱ ✻ ✼ ✵ ✰ ✯ ✳❪ ❘ ❫ ✳✴ ❘ ✶ ✳✵ ✳✴ ❭ ✻ ❘ ✴ ✵✳✷ ❖ ✺ ✹ ❑❘ ❨ ✷ ❫ P ✻ ✼ ❨ ✷ ▼ ✵❨ ❘ ✲ ✷ P ✺ ❖ ✳✺ ❖ ✴ ✷ ✼ ✳✺ ❑
P ✷ ❱ ❘ ❑ ❨ ✺ ✴ ✺ ❖ ❘ ❬ ❩ ❑✺ ❖ ✺ ✵ ✳✷ ❖ ✳❖ ✵❨ ❘ ❖ ❘ ❘ ❱ ✷ ▼ ✼ ✷ ❑❑❘ ✼ ✵✳❖ ❛ ❯ ✷ ✵ ❘ ✴ ✺ ❖ ❱ ✳▼ ✵❨ ❘
✺ ✼ ✵ ✳✷ ❖ ✴ ✺ ❖ ✵✳✼ ✳❩ ✺ ✵❘ ❱ ✵❨ ✸ ✷ ✻ ❛ ❨ ✵❨ ❘ ❩ ✻ ✹ ❑ ✳✼ ✹ ✻ ❱ ❛ ❘ ✵ ✸ ❘ ❩ ✸ ❘ ✴ ❘ ❖ ✵ ✺ ✵✸ ✻ ❘ ✸ ❘ ▼ ❑❘ ✼ ✵✳✷ ❖
✷ ▼ ✵❨ ❘ ❖ ❘ ✼ ❘ ✴ ✴ ✳✵ ✳❘ ✴ ✵❨ ✺ ✵ ✺ ✸❘ ❖ ❘ ❘ ❱ ❘ ❱ ▼ ✷ ✸ ✵❨ ❘ ❩ ✸ ❘ ✴ ❘ ❖ ✵ ❱ ❘ ❯ ❘ ❑✷ ❩ P ❘ ❖ ✵ ✷ ▼ ✷ ✻ ✸
✼ ✷ ✻ ❖ ✵✸ ▲ ♥ ✸ ❘ ✴ ❩ ❘ ✼ ✵✳❯ ❘ ❑▲ ✳ ▼ ✳✵ ✼ ✺ ❖ ✹ ❘ ❵ ✻ ✴ ✵✳▼ ✳❘ ❱ ▼ ✸✷ P ✵❨ ❘ ❩ ✷ ✳❖ ✵ ✷ ▼ ❯ ✳❘ ❫ ✷ ▼ ✵❨ ❘
✸ ✳❛ ✷ ✸ ✴ ✷ ▼ ✵❨ ❘ ❘ ▼ ▼✳ ✼ ✳❘ ❖ ✼ ▲ ✼ ✸ ✳✵❘ ✸ ✳✺ ✸ ❘ ❛ ✺ ✸ ❱ ✳❖ ❛ ✵❨ ❘ ✴ ❩ ❘ ❖ ❱ ✳❖ ❛ ✷ ▼ ✵❨ ❘ ❩ ✻ ✹ ❑✳✼
P ✷ ❖ ❘ ▲ ✰
② ❀● ❅❀❊ ③ ❋ ❁ ④ t ❝
◗ ▼ ✷ ❖ ✴ ✷ ✶ ◗ ✰✶ ◗ ❛ ❖ ❘ ❑❑✷ ✶ ✯ ✰✶ ❏ ✻ ✸ ✼ ❘ ✸ ✳✶ ■ ✰✶ ✇ ✷ ✻ ✴ ✺ ✶ ✲ ✰① ✰ ❤ ❦ ❧ ♣ ♣ ✐ ✶ ⑤ ❄ ❄ ✽ ❄ ❄ ❀⑥ ⑦
❃✾ ⑥ ⑦ ⑧ ✻✽ ✿ ⑨ ⑩ ❀❄ ❁ ❂ ❃ ❈ ✽ ❶ ✽ ❃✾ ❅ ⑨ ✽ ⑥ ✻❄ ❷ ⑤ ⑥ ✽ ❸ ❂ ❅ ❅ ✿ ✾ ❂ ❁ ✼ ✶ ❆ ✷ ✻ ✸ ❖ ✺ ❑ ✷ ▼
✉ ❖ ✵❘ ✸ ❖ ✺ ✵✳✷ ❖ ✺ ❑ ① ✷ ❖ ❘ ▲ ✺ ❖ ❱ ❏ ✳❖ ✺ ❖ ✼ ❘ ✶ ❙ ✷ ❑✻ P ❘
r
❧ ✶ ✉ ✴ ✴ ✻ ❘ ♣ ✶ ❩ ❛ ✰ ♣
r
❧ ❴ ♣
ê q
♥
◗ ✸ ✳❖ ✶ ❇ ✰② ✰✶ ✱ ❨ P ❘ ❑✺ ✸ ✷ ❯ ✺ ✶ ❙ ✰✶ ❏ ❘ ❘ ✴ ✴ ✶ ◆ ✰✶ ④ ✷ ❨ ❑✴ ✼ ❨ ❑❘ ❛ ❘ ❑✶ ◗ ✰ ❤ ❦ ❧ ♣ ♣ ✐ ✶ ❹ ✼ ❺
❂ ✿ ✽ ❁ ✾ ✿ ✿ ❉ ❅ ✻ ❁ ✾ ❉ ⑥ ✻✿ ❀✽ ❄ ❃✽ ❄ ❄ ❄ ❉ ❁ ❁ ✽ ❄ ❄⑩ ❉ ❃ ❀⑥ ❁ ✾ ⑥ ❄ ✾ ❃❀❈ ❂ ✻❀⑥ ⑦ ✻✼ ✽ ❀✿ ❻ ❉ ❈ ⑦ ✽ ✻❄ ❼ ✶
❆ ✷ ✻ ✸ ❖ ✺ ❑ ✷ ▼ ② ✻ ✹ ❑✳✼ ◆ ✼ ✷ ❖ ✷ P ✳✼ ✴ ✶ ✉❖ ② ✸ ❘ ✴ ✴ ✶ ✱ ✷ ✸ ✸ ❘ ✼ ✵❘ ❱ ② ✸ ✷ ✷ ▼ ✶
◗
❯ ✺ ✳❑✺ ✹ ❑❘
✷ ❖ ❑✳❖ ❘ ♥
③ ▲ ✸❖ ❘ ✶ ❆ ✰② ✰✶ ❏ ✳❘ ✴ ✴ ✶ ✈ ✰✶ ① ✺ ✼ ■ ✷ ❖ ✺ ❑❱ ✶ ✲ ❤ ❦ ❧ ♣ ♣ ✐ ✶ ❽ ✼ ✽ ⑦ ❃✾ ❻ ❂ ❃ ❈ ❀⑨ ✽ ⑥ ❄ ❀✾ ⑥ ✻✾
⑩ ❀❄ ❁ ❂ ❃ ❄ ❉ ❄ ✻❂ ❀⑥ ❂ ❻ ❀❃❀✻❺ ✶ ❆ ✷ ✻ ✸ ❖ ✺ ❑ ✷ ▼ ① ✺ ✼ ✸ ✷ ❘ ✼ ✷ ❖ ✷ P ✳✼ ✴ ✶ ❙ ✷ ❑✻ P ❘
r r
✶ ✉ ✴ ✴ ✻ ❘
❦ ✶ ❩ ❛ ✰ ♣
r
♠ ❴ ♣ ✎ ❧ ♥
■ ❨ ✺ ✸P ✺ ❩ ✺ ❑ ✺ ✶ ■ ✰ ❤ ❦ ❧ ❧
q
✐ ✶ ❽ ✼ ✽ ❾ ✾ ⑥ ⑦ ✿ ✽ ❄ ❄ ❀✾ ⑥ ❂ ❃ ❻ ❉ ❈ ⑦ ✽ ✻ ❅ ✿ ✾ ❁ ✽ ❄ ❄ ❿ ❂ ⑦ ⑦ ✿ ✽ ⑦ ❂ ✻✽
❄❅ ✽ ⑥ ❈ ❀⑥ ⑦ ❿ ❂ ⑥ ❈ ❄ ✻❂ ✻❉ ✻✾ ✿❺ ❻ ❉ ❈ ⑦ ✽ ✻ ✿ ❉ ❃✽ ❄ ✶ ❆ ✷ ✻ ✸ ❖ ✺ ❑ ✷ ▼ ② ✻ ✹ ❑✳✼ ◆ ✼ ✷ ❖ ✷ P ✳✼ ✴ ✶
❙ ✷ ❑✻ P ❘
❊
❧ ✶ ✉✴ ✴ ✻ ❘ ✴ ♣ ❴ ❦ ✶ ❩ ❛ ✰ ♣ ♣
❊
❴ ♣
ê
♣ ♥
❑ ✷ ❑P ❘ ✴ ✶ ① ✰❆ ✰✶ ❍ ✵❘ ✸ ✷ ✶ ❆ ✰✶ ② ✺ ❖ ✺ ❛ ✳✷ ✵✳❱ ✳✴ ✶ ❳ ❨ ➀ ❤ ❦ ❧ ♣ ❧ ✐ ✶ ⑤ ✿ ✽ ➁ ➂ ❻ ❉ ❈ ⑦ ✽ ✻
❈ ✽⑩ ❀❁ ❀✻❄ ❄ ✻❂ ✻❀✾ ⑥ ❂ ✿❺ ❼ ✶ ◆ P ❩ ✳✸ ✳✼ ✺ ❑ ◆ ✼ ✷ ❖ ✷ P ✳✼ ✴ ❉ ❙ ✷ ❑✻ P ❘
r
♦ ✶ ✈ ✻ P ✹ ❘ ✸
r
❉
❩ ❛ ✰ ♠
q
♠ ❴ ♠ ♠ ♦ ♥
① ✳▲ ✺ ♥ ✺ ❪ ✳ ✶ ❳ ✰ ❤ ❦ ❧ ♣ ❧ ✐ ✶ ❽ ✼ ✽ ✽⑩⑩ ✽ ❁ ✻❄ ✾ ⑩ ⑩ ❀❄ ❁ ❂ ❃ ❅ ✾ ❃❀❁ ❺ ❀⑥ ✻ ✼ ✽ ➃ ➄ ➄ ➅ ❄ ❀⑥ ➆ ❂ ❅ ❂ ⑥ ❷ ⑤
➇ ⑤ ➈ ❂ ⑥ ❂ ❃❺ ❄ ❀❄ ❸ ❀✻✼ ✽ ❶ ✽ ⑥ ✻ ❄ ✻❉ ❈ ❀✽ ❄ ✶ ❆ ✺ ❩ ✺ ❖ ✺ ❖ ❱ ✵❨ ❘ ④ ✷ ✸ ❑❱ ◆ ✼ ✷ ❖ ✷ P ▲ ✶
❙ ✷ ❑✻ P ❘ ❦ ❦ ✶ ✉✴ ✴ ✻ ❘ ❦ ✶ ❩ ❛ ✰ ♦ ❧ ❴ ♦ ♠ ♥
✈ ❘ ▲ ✺ ❩ ✵✳ ✶ ③ ✰ ❤ ❦ ❧ ♣ ❧ ✐ ✶ ➉ ❀❄ ❁ ❂ ❃ ❈ ✽ ❁ ✽ ⑥ ✻✿ ❂ ❃❀➊ ❂ ✻❀✾ ⑥ ❂ ⑥ ❈ ❈ ✽⑩ ❀❁ ❀✻❄ ❷ ➋ ⑥ ✻✽ ✿ ⑥ ❂ ✻❀✾ ⑥ ❂ ❃
✽ ❶ ❀❈ ✽ ⑥ ❁ ✽ ✶ ◆ ✻ ✸ ✷ ❩ ❘ ✺ ❖ ❆ ✷ ✻ ✸ ❖ ✺ ❑ ✷ ▼ ② ✷ ❑✳✵✳✼ ✺ ❑ ◆ ✼ ✷ ❖ ✷ P ▲ ✶ ❙ ✷ ❑✻ P ❘ ❦
q
✶ ✉ ✴ ✴ ✻ ❘
❦ ✶ ❩ ❛ ✰♣ ✎ ✎ ❴ ♣
q q
