scholarly journals Evidence on Relative Tax Burden of Taxpayers with Income from Employment in the Czech Republic

Equilibrium ◽  
2010 ◽  
Vol 5 (2) ◽  
pp. 209-220 ◽  
Author(s):  
Karel Brychta
Keyword(s):  
Czech Republic ◽  
Income Tax ◽  
Income Taxes ◽  
The State ◽  
Time Interval ◽  
Tax Burden ◽  
The Czech Republic ◽  
Flat Rate ◽  
Income Groups ◽  
Health Insurance Premiums

This paper presents the results of a comparative analysis of relative tax burden of taxpayers (natural persons) with income from employment in the Czech Republic from 1993 to 2009. Single, childless taxpayers with tax residency in the Czech Republic were chosen to represent this category of taxpayers. The amount of the tax burden was conceived as the sum of natural person income tax and the social and health insurance premiums paid by the taxpayer (employee), constituting in its nature and character a tax equivalent. The amount of these legally imposed payments was set with respect to the state valid and effective as of December 31st of the relevant year, in case of the year 2009 with respect to the state as of June 30th. The results of the performed analysis prove gradual decrease in relative tax burden in the period of 1993–2009 for taxpayers of all income groups. However, the decrease cannot be characterized as uniform. The most marked decrease was identified with taxpayers in the upper income groups. The most significant change in the relative tax burden took effect in association with changes introduced in the Act on Income Taxes as of January 1st, 2008 when the progressive income tax of natural persons was replaced with a flat-rate tax and when changes were introduced to the concept of the partial income tax base calculations applicable to natural persons. The main contribution of this paper can be seen in the fact that the comparison encompasses the time interval covering the entire effective life of the Act on Income Taxes. It is also important that in view of the specified solution conditions, the relative tax burden values presented in the graphs can be understood as maximum values of the tax burden of taxpayers having income from employment.

scholarly journals Financing of a Non-governmental Non-profit Organization from the State Budget

2020 ◽  
Vol 20 (4) ◽  
pp. 53-63
Author(s):  
Nikol Nevečeřalová
Keyword(s):  
Czech Republic ◽  
Income Tax ◽  
The State ◽  
Tax Law ◽  
State Budget ◽  
The Czech Republic ◽  
Non Profit ◽  
Public Benefit ◽  
National Budget ◽  
Private And Public

This contribution deals with the non-profit sector, where the author primarily mentions the differences between private and public non-profit organizations. The author will focus mainly on issues related with the funding of a non-governmental non-profit organization including their possible participation in the national budget of the Czech Republic. The author will also deal with the position of a non-governmental non-profit organization as a subject of law, which in the theory of financial law and specifically in the subsector of tax law “occupies” the position of a public benefit taxpayer [Law on income tax, Section 17a]. The main aim of the contribution is to use graphs and data to define which resources a non-governmental non-profit organization uses for its existence. In the last part of the article, the author using methods of comparison and deduction use states specific example of a non-governmental non-profit organization and its participation in the budget of the Czech Republic.

scholarly journals INCOME TAX ASPECTS OF CRYPTOCURRENCIES – LEGAL AND YOUNG ECONOMISTS’ VIEW IN THE CZECH REPUBLIC

2020 ◽  
Vol 3 (1) ◽  
pp. 1-10
Author(s):  
Filip Hampl
Keyword(s):  
Czech Republic ◽  
Socioeconomic Factors ◽  
Questionnaire Survey ◽  
Income Tax ◽  
Ordinal Regression ◽  
Income Taxes ◽  
Descriptive Statistics ◽  
Online Questionnaire ◽  
The Czech Republic ◽  
Factors Influencing

Cryptocurrencies are used not only as a payment instrument but also as a speculative and investment instrument. In the context of their use, the question arises of how and whether they should be taxed. The aim of the paper is to analyse and to assess the taxation of income from the cryptocurrency operations from the perspective of a non-business natural person in compliance with the Act on Income Taxes in the Czech Republic, concurrently to find out the attitude of young future economists familiar with cryptocurrencies to this tax issue and to identify socioeconomic factors influencing their attitude. For this purpose, an online questionnaire survey was conducted among economists aged 19-35 years in May 2019. A total of 269 responses were obtained and evaluated using descriptive statistics and ordinal regression. While, according to the effective law, income from all cryptocurrency operations is to be taxed, the results show that most of the respondents (44.98%) would tax the income depending on how cryptocurrencies are used.

scholarly journals TAX PREFERENCES IN THE CZECH AND POLISH PERSONAL INCOME TAXES

2017 ◽  
Vol 30 (3) ◽  
pp. 89-105
Author(s):  
Marcin Burzec
Keyword(s):  
Czech Republic ◽  
Housing Policy ◽  
Income Tax ◽  
Family Policy ◽  
Pension System ◽  
Income Taxes ◽  
Tax Law ◽  
The Czech Republic ◽  
Common Problems ◽  
The Comparative Study

Article presents tax preferences in Czech Republic and Poland in the comparative aproach. The aim of the comparative study is to show how particular problems can be tackled by different countries by different measures. Both in Poland and the Czech Republic it is possible to identify common problems in the area of the tax law. One of such problems is an appropriate shape of tax preferences within the income tax contruction. The aim of the present article is to demonstrate how Poland and the Czech Republic, by shaping tax preferences within the construction of the income tax, tackle the problem of the taxpayer’s ability to pay. Further, it is shown how the two countries, by means of tax instruments, supplement their policy in areas as important as pro-family policy, supporting subjects implementing public tasks, the pension system, policy on people with disabilities, and housing policy.

THE FLAT-RATE INCOME TAX, TAX BURDEN, AND CHARITABLE CONTRIBUTIONS

1984 ◽  
Vol 37 (4) ◽  
pp. 569-574
Author(s):  
DAVID B. LAWRENCE ◽  
MASSOUD M. SAGHAFI
Keyword(s):  
Income Tax ◽  
Tax Burden ◽  
Charitable Contributions ◽  
Flat Rate

scholarly journals Range data reported to the requirements of the IAS 12 and impact of the IFRS adoption for tax purposes in the tax collection of the Czech Republic

2013 ◽  
Vol 61 (4) ◽  
pp. 961-966 ◽  
Author(s):  
Simona Jirásková
Keyword(s):  
Czech Republic ◽  
Financial Reporting ◽  
Income Tax ◽  
Range Data ◽  
Tax Collection ◽  
Tax Base ◽  
The Czech Republic ◽  
Accounting Regulation ◽  
The Impact ◽  
The Relationship

An issue of relationship between corporate income tax and accounting is one of the most discussed at present. Until recently the tax base was derived from the accounting profit defined in the Czech accounting law. But from 2004 there are companies which have to use IFRS in bookkeeping and financial reporting and from the perspective of the Czech accounting law they do not care about Czech accounting regulation. On the other hand Czech tax regulation has not accepted this change in the field of European accounting harmonization and still directs to pay tax on the basis of Czech accounting regulation for all entities. Fear of adverse change in tax collection is one of the main reasons why the Czech Tax Administration does not allow to pay income tax under profit or loss patterned on IFRS. The most important goal of this work is to characterize the relationship between accounting profit or loss under IFRS and the tax base of income and to find out the impact of taxation under profit in accordance with IFRS in total tax collection. Basic sample of all analyses consists of 35 accounting entities which mandatorily use IFRS and this sample was also confronted with a list of 106 major payers of income tax published yearly by the Ministry of Finance of the Czech Republic for the needs characterization of the relationship of profit under IFRS and the tax base of income.

Lexikální strategie ve výuce němčiny jako druhého cizího jazyka po angličtině

2019 ◽  
pp. 51-74
Author(s):  
Barbora Kousalová
Keyword(s):  
Czech Republic ◽  
Foreign Language ◽  
Learning Strategies ◽  
State Of The Art ◽  
Vocabulary Learning ◽  
Foreign Language Teaching ◽  
The State ◽  
The Czech Republic ◽  
Teaching Context ◽  
Vocabulary Learning Strategies

This paper describes the state of the art in the field of learning strategies with an emphasis on the foreign language teaching context. The contribution presents research from both the Czech Republic and abroad concerning the topic of vocabulary learning strategies in German as a second foreign language (L3) after English (L2).

Taxes

2020 ◽  
pp. 146-163
Author(s):  
Kenneth P. Miller
Keyword(s):  
Economic Growth ◽  
Income Tax ◽  
The State ◽  
Personal Income ◽  
Tax Burden ◽  
Government Programs ◽  
Tax System ◽  
Revenue Source ◽  
Adequate Funding ◽  
State Tax

This chapter places Texas and California on the national spectrum of state tax policy and shows how they occupy opposite poles. Texas has maintained a low overall tax burden and is one of a small number of states that has steadfastly refused to adopt an income tax. Advocates of the Texas tax system argue that it protects personal freedom, promotes economic growth, and provides the state a crucial advantage in attracting new residents and businesses. Critics say the system is regressive and fails to produce adequate funding for government programs. By comparison, California has embraced a far higher tax burden and a progressive tax structure. Its largest revenue source, the personal income tax, is the highest in the nation. Advocates say California’s tax system generates needed funding for government programs and appropriately shifts the tax burden to those most able to pay, while critics say these taxes are excessive and help drive residents and businesses out of the state.

Description of the State of Public Buildings Property Management in the Czech Republic

2014 ◽  
Vol 584-586 ◽  
pp. 2462-2465
Author(s):  
Viktor Mican ◽  
Jan Česelský
Keyword(s):  
Czech Republic ◽  
Technical Condition ◽  
The State ◽  
Technical Equipment ◽  
Property Management ◽  
Public Buildings ◽  
The Czech Republic ◽  
Technical Management ◽  
Property Owner

Securing a good technical condition of the building and the technical equipment is an essential part of the management of each property owner. The buildings form a background for the purpose of building use and indirectly significantly influence the smooth running of the entire operation. Therefore, it is very important for each owner that this background works seamlessly and it is not discussed too often.Within the technical management, the technical condition of the property of the customer is completely organized. The professional approach and modern technical facilities increase the life of the building and thereby inflate the value of assets and level of benefit from it.Property and its environment make a reputation of its owner. Well technically managed property increases convenience for users and is a good sign for those who visit it.

scholarly journals The Impact of Federal and State Income Taxes on Timber Income in the Northeast and Midwest Following the 1986 Tax Reform Act

1996 ◽  
Vol 13 (1) ◽  
pp. 8-15 ◽  
Author(s):  
William C. Siegel ◽  
Harry L. Haney ◽  
Daniel M. Peters ◽  
Pete Bettinger ◽  
Debra S. Callihan
Keyword(s):  
New Hampshire ◽  
Income Tax ◽  
Income Level ◽  
Income Taxes ◽  
The State ◽  
High Income ◽  
Tax Rate ◽  
Income Levels ◽  
State Income Tax ◽  
State Income

Abstract The structure and provisions of state income taxes are detailed for timber owners in 19 states of the Northeast and Midwest. Using 1994 federal and state income tax rules, the tax liability for a hypothetical married couple with timber sale income was calculated for two federal income tax rate brackets (medium and high income levels) for states in the Northeast and Midwest that impose an income tax. At the medium income level, the state portion of the total income tax liability ranged from 12.7% in Pennsylvania to 25.6% in Delaware. At the high income level, the state portion ranged from 11.1% in Pennsylvania to 24.9% in Minnesota. For both income levels, New Hampshire had the lowest state portion of the total tax liability when considering their business profits tax (12% for the medium and 7% for the high income level). The provision most significantly affecting state income tax liability was the tax rate schedule. Installment sales provide an alternative tax planning strategy for those timber owners who qualify as investors rather than a business and who are in the lowest federal tax bracket. Several states also impose taxes other than an income tax when timber is harvested. For example, Minnesota and New Hampshire both impose a minimum 10% yield tax on the timber's stumpage value. These levies significantly affect the total tax liability on harvest income. North. J. Appl. For. 13(1):8-15.

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