scholarly journals Corporate Income Taxation and the Corporate Tax Base in the Czech Republic

2013 ◽  
Vol 2013 (2) ◽  
pp. 38-49 ◽  
Author(s):  
Leoš Vítek
Keyword(s):  
Czech Republic ◽  
Income Taxation ◽  
Corporate Tax ◽  
Tax Base ◽  
The Czech Republic ◽  
Corporate Income Taxation

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.

scholarly journals Consolidation under CCCTB system

2008 ◽  
Vol 56 (6) ◽  
pp. 181-188
Author(s):  
Danuše Nerudová
Keyword(s):  
European Commission ◽  
Pilot Project ◽  
Corporate Tax ◽  
Tax Base ◽  
Member States ◽  
Corporate Income Taxation ◽  
Eu Member States ◽  
State Taxation ◽  
Taxation System ◽  
The Eu

In 2007, when the pilot project of Home State Taxation System should started, but none of the EU Member States applied for, the European Commission has turned its attention to different project in the area of corporate income taxation. The paper presents the problems of consolidation under the system of Common Consolidated Corporate Tax Base, which is at present the aim of the European Commission in the area of corporate tax harmonization. Firstly, the paper presents the results of comparative analysis, which have been done throughout the EU Member States. The research was aimed at the area of group taxation schemes availability. Secondly, the paper presents the draft of CCCTB directive in the field of creation of the group for taxation purposes, the rules for access and exit from the group and the rules for calculation of thresholds for voting rights. The different possibilities of group creation are presented on the schemes. The paper also discuss the rules, suggested by the draft directive, which could create legal uncertainty for the companies and could cause the situation in which the companies would not know whether they can consolidate their accounting results or not, or whether they are the member of the group or not. The paper suggests the possible solutions in that area. At the end, there are also mentioned and discussed the methods, which could be used for consolidation under CCCTB system in the EU.

The Draft Reform of Land Taxation in the Czech Republic

10.4335/170 ◽  
2012 ◽  
Vol 10 (3) ◽  
Author(s):  
Michal Radvan
Keyword(s):  
Czech Republic ◽  
Real Estate ◽  
Tax Base ◽  
The Czech Republic ◽  
Estate Tax ◽  
The Real ◽  
The Real Estate ◽  
Land Taxation ◽  
Real Estate Tax ◽  
Ad Valorem

The article is a reaction to the intention of the Ministry of Finance of the Czech Republic to propose a draft amendment to the Real Estate Tax Act, which could cause a revolution in the assessment of tax base. After outlining the different models for tax base and tax rate assessment of land tax and characterizing the currently valid legal regulation, the article analyses critically the intended draft amendment to the Real Estate Tax Act, which aims to introduce the ad valorem system of land taxation. It is expected that the most effective method will be used in the future, i.e. tax base maps compiled by municipalities as the beneficiaries of real estate tax. The article describes the disadvantages of the ad valorem system of land taxation and highlights the advantages of the intended changes.

scholarly journals The Taxing Task of Taxing Transnationals

2001 ◽  
Vol 39 (3) ◽  
pp. 800-838 ◽  
Author(s):  
Thomas A Gresik
Keyword(s):  
Tax Competition ◽  
Income Taxation ◽  
Tax Policies ◽  
Corporate Tax ◽  
Double Taxation ◽  
Corporate Income Taxation ◽  
Economic Information ◽  
Agency Issues ◽  
Institutional Features ◽  
Real Investment

Financial and real investment flexibility, tax competition, and superior economic information by transnationals both create a rationale for corporate income taxation and limit the effectiveness of such taxation. While these factors have led to a variety of transnational tax policies, such as deferral, double taxation, apportionment, and trade rules, very few of these institutional features have been integrated into tax competition and agency models. In this paper, I show how the integration of investment flexibility, tax competition, and agency issues is crucial to our understanding of corporate tax policies.

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