Using Pestle Analysis to Forecast the Fiscal Vulnerability of Real Estate Taxation in Crisis Scenarios
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14220%2F25%3A00142996" target="_blank" >RIV/00216224:14220/25:00142996 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.4467/22996834FLR.25.014.23055" target="_blank" >https://doi.org/10.4467/22996834FLR.25.014.23055</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.4467/22996834FLR.25.014.23055" target="_blank" >10.4467/22996834FLR.25.014.23055</a>
Alternative languages
Result language
angličtina
Original language name
Using Pestle Analysis to Forecast the Fiscal Vulnerability of Real Estate Taxation in Crisis Scenarios
Original language description
The article explores the fiscal consequences of real estate price declines in the context of reduced revenues for national and local budgets. It focuses on the increasing vulnerability of tax systems to external factors that affect both the real estate market and the tax base. The hypothesis assumes that a modified PESTLE model serves as an effective analytical tool for shaping fiscal policy, as it allows forecasting the vulnerability of real estate taxation systems in crises and adapting tax instruments to the dynamics of external shocks. The aim of the research is to identify the causes of declining real estate prices, assess their fiscal impact, and formulate recommendations for strengthening tax policy resilience. The methodology combines a review of real estate taxation mechanisms with an adapted PESTLE analysis and a comparative case study of the US, Spain, China, and Ukraine. The findings confirm the hypothesis: macroeconomic factors, prolonged effects of crisis shocks, and the limited resilience of local budgets are key manifestations of fiscal vulnerability, which can be mitigated through the use of the modified PESTLE model in designing adaptive tax policy. The article offers practical tools such as regular property revaluation, flexible rate regulation, and compensation funds. Its originality lies in the application of a multi-level risk assessment model and the identification of common patterns of fiscal vulnerability during market disruption.
Czech name
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Czech description
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Classification
Type
J<sub>ost</sub> - Miscellaneous article in a specialist periodical
CEP classification
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OECD FORD branch
50501 - Law
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2025
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Financial Law Review
ISSN
2299-6834
e-ISSN
2299-6834
Volume of the periodical
2025
Issue of the periodical within the volume
39 (3)/2025
Country of publishing house
PL - POLAND
Number of pages
27
Pages from-to
26-52
UT code for WoS article
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EID of the result in the Scopus database
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