CZECH TAXES: WHAT IS THE REAL BURDEN? (v recenzi)

KONÔPKOVÁ, Zlatica and Jakub BUČEK. CZECH TAXES: WHAT IS THE REAL BURDEN? (v recenzi). 2019.

Basic information

• Original name: CZECH TAXES: WHAT IS THE REAL BURDEN? (v recenzi)
• Authors: KONÔPKOVÁ, Zlatica and Jakub BUČEK.
• Edition: 2019.

Other information

• Original language: English
• Type of outcome: Article in a journal
• Field of Study: 50202 Applied Economics, Econometrics
• Country of publisher: Czech Republic
• Confidentiality degree: is not subject to a state or trade secret
• Keywords in English: Tax Burden; World Tax Index (WTI); Tax Quota; Factor Analysis; Czech Republic
• Tags: International impact, Reviewed

Abstract

Taxes are one of the main components of the economy, but they may have a negative impact as they burden some economic activity. In this paper, we investigate the real burden of taxes in the Czech Republic using the newly designed World Tax Index (WTI). It is a multi-criteria indicator of overall tax burdens created for OECD countries and constructed as a combination of hard tax data weighted by soft data. These data are gathered through an online questionnaire among tax specialists, and factor analysis is used to calculate weights. In comparison with other indicators, it better reflects the evolution of the given tax system; there are no significant fluctuations without support in real data for the Czech Republic. It does not overestimate the tax burden and it eliminates the influence of GDP. Results suggest that corporate and personal income taxes have the greatest tax burden in the Czech Republic. These are followed by other taxes on consumption/excise taxes. The lowest tax burden is created by the value-added tax and property taxes.

Links

• MUNI/A/1098/2018, interní kód MU: Name: Odhad daňového zatížení a jeho vlivu na ekonomiku ČR

Investor: Masaryk University, Category A