A growing importance of social lending and budget revenues from personal incoming tax

Abstract

The article is focused on a growing importance and popularity of a social lending. Author shows that a social lending can constitute an efficient income to persons who make them thanks to an interest rate. However, Author finds that the growing importance of a social lending can decrease incomes from Personal Income Tax, because owing to an unclear tax law, social lending investors avoid to pay this tax. Undisclosed incomes from a social lending are a possible reason of smaller income from Personal Income Tax.

Keywords

• social lending
• personal income tax
• undisclosed sources of income
• national budget
• tax law