Socioeconomica – The Scientific Journal for Theory and Practice of Socio-economic Development 2016, 5(9): 23-30 Page23 Professional Paper UDC336.225:1e(497.11) DOI : dx.doi.org/10.12803/SJSECO.59003 JEL: H21, H26 TAX ON ASSETS AS A FACTOR OF INCREASING ECONOMIC ACTIVITIES ∇ Senadin Plojović Technical faculty “Mihajlo Pupin” Zrenjanin, Serbia Enis Ujkanović University of Novi Pazar, Serbia Suad Bećirović University of Novi Pazar, Serbia Šemsudin Plojović University of Novi Pazar, Serbia Abstract In this paper authors are presenting idea of an Asset Tax as a new category of state fiscal income as well as instrument for better allocation of wealth and increase of economic activity. Authors explain concept of Asset tax from social, ethical and economic aspect. In current legislative there are Laws that treat taxation of property, profit and investments. In particular, in this paper the authors discuss the tax on fixed assets and its scope, and taxes on working capital and its scope and effect of the introduction of such a tax on the acceleration of economic activity and economic development. However, the authors argue that taxation of all the assets, especially those unused, should be considered with the aim of the reinforcement of economic activity. Key words: Asset Tax, Taxation, Economic Activity, Wealth Distribution. 1. Introduction In this paper authors discuss an uncommon tax in today’s tax systems for which might contribute to more balanced wealth distribution and state income. This tax authors name as Asset Tax. Asset tax is a percentage of total value of assets of a business from the balance sheet and it would be similar to the property tax, but it would cover not just a land and buildings but also equipment and other assets. ∇ Contact: s.plojovic@uninp.edu.rs. The authors declare that they have no relevant or material financial interests that relate to the research described in this paper. Also, the authors declare that the submitted paper is thrit original work and that, upon publication, nothing contained in it will not constitute an infringement of any copyright. Paper received 14.02.2016. Approved 18.04.2016.