Modelling effective corporate tax rate in the Czech Republic

D 2017

Modelling effective corporate tax rate in the Czech Republic

NĚMEC, Daniel a Silvester DULÁK

Základní údaje

Originální název

Modelling effective corporate tax rate in the Czech Republic

Autoři

NĚMEC, Daniel (203 Česká republika, garant, domácí) a Silvester DULÁK (703 Slovensko, domácí)

Vydání

Hradec Králové, 35th International Conference Mathematical Methods in Economics MME 2017 Conference Proceedings, od s. 511-516, 6 s. 2017

Nakladatel

Faculty of Informatics and Management, University of Hradec Králové

Další údaje

Jazyk

angličtina

Typ výsledku

Stať ve sborníku

Obor

50200 5.2 Economics and Business

Stát vydavatele

Česká republika

Utajení

není předmětem státního či obchodního tajemství

Forma vydání

paměťový nosič (CD, DVD, flash disk)

Kód RIV

RIV/00216224:14560/17:00094981

Organizační jednotka

Ekonomicko-správní fakulta

ISBN

978-80-7435-678-0

UT WoS

000427151400087

Klíčová slova anglicky

bankruptcy prediction; logistic regression; bankruptcy model; Czech Republic

Příznaky

Mezinárodní význam, Recenzováno

Změněno: 25. 6. 2019 16:52, doc. Ing. Daniel Němec, Ph.D.

Anotace

V originále

Comparing the statutory corporate tax rates with the effective corporate tax rates at corporate level, one can observe a statistically significant average difference of 2 percent in the Czech Republic. The goal of our paper is to identify and quantify the most important factors influencing the effective corporate tax rate in the Czech Republic which contribute to the variability in the effective taxation. Using the public data from the accounting statements from the last 15 years we have formulated and estimated a panel data model using various real and financial indicators of the Czech companies. The most significant factors are the size of companies, the ratio of noncurrent assets to total assets, the rentability of assets, the ratio of inventory to the total assets, the economic activity classification CZ-NACE, and the legal form. We show that the influence of the indebtedness ratio is non-linear. Surprisingly, the company's age and the retained losses prior years have no effects on final effective tax rates. Our model is able to predict statutory tax rate pretty well.

Návaznosti

GA17-26705S, projekt VaV

Název: Dopady změn v daňové legislativě na efektivnost a spravedlnost v České republice

Investor: Grantová agentura ČR, Dopady změn v daňové legislativě na efektivnost a spravedlnost v České republice

Citovat

NĚMEC, Daniel a Silvester DULÁK. Modelling effective corporate tax rate in the Czech Republic. In Pavel Pražák. 35th International Conference Mathematical Methods in Economics MME 2017 Conference Proceedings. Hradec Králové: Faculty of Informatics and Management, University of Hradec Králové, 2017, s. 511-516. ISBN 978-80-7435-678-0.

@inproceedings{1390281,
   author = {Němec, Daniel and Dulák, Silvester},
   address = {Hradec Králové},
   booktitle = {35th International Conference Mathematical Methods in Economics MME 2017 Conference Proceedings},
   editor = {Pavel Pražák},
   keywords = {bankruptcy prediction; logistic regression; bankruptcy model; Czech Republic},
   howpublished = {paměťový nosič},
   language = {eng},
   location = {Hradec Králové},
   isbn = {978-80-7435-678-0},
   pages = {511-516},
   publisher = {Faculty of Informatics and Management, University of Hradec Králové},
   title = {Modelling effective corporate tax rate in the Czech Republic},
   year = {2017}
}

TY  - JOUR
ID  - 1390281
AU  - Němec, Daniel - Dulák, Silvester
PY  - 2017
TI  - Modelling effective corporate tax rate in the Czech Republic
PB  - Faculty of Informatics and Management, University of Hradec Králové
CY  - Hradec Králové
SN  - 9788074356780
KW  - bankruptcy prediction
KW  - logistic regression
KW  - bankruptcy model
KW  - Czech Republic
N2  - Comparing the statutory corporate tax rates with the effective corporate tax rates at corporate level, one can observe a statistically significant average difference of 2 percent in the Czech Republic. The goal of our paper is to identify and quantify the most important factors influencing the effective corporate tax rate in the Czech Republic which contribute to the variability in the effective taxation. Using the public data from the accounting statements from the last 15 years we have formulated and estimated a panel data model using various real and financial indicators of the Czech companies. The most significant factors are the size of companies, the ratio of noncurrent assets to total assets, the rentability of assets, the ratio of inventory to the total assets, the economic activity classification CZ-NACE, and the legal form. We show that the influence of the indebtedness ratio is non-linear. Surprisingly, the company's age and the retained losses prior years have no effects on final effective tax rates. Our model is able to predict statutory tax rate pretty well.
ER  -

NĚMEC, Daniel a Silvester DULÁK. Modelling effective corporate tax rate in the Czech Republic. In Pavel Pražák. \textit{35th International Conference Mathematical Methods in Economics MME 2017 Conference Proceedings}. Hradec Králové: Faculty of Informatics and Management, University of Hradec Králové, 2017, s.~511-516. ISBN~978-80-7435-678-0.

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