Importance of VAT in government budgets
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F19%3A00111184" target="_blank" >RIV/00216224:14560/19:00111184 - isvavai.cz</a>
Result on the web
<a href="https://is.muni.cz/do/econ/sborniky/2019/Proceedings_final.pdf" target="_blank" >https://is.muni.cz/do/econ/sborniky/2019/Proceedings_final.pdf</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Importance of VAT in government budgets
Original language description
Value added tax (VAT) is one of the most important government revenue sources globally. It is especially significant for the European Union countries known for above average public expenditure. This article aims to analyze importance of VAT in government budgets of the European Union countries and investigate various factors that can influence VAT revenue. VAT significance can depend on various circumstances, for instance on the level of economic development, fiscal policy, tax policy etc. One of the important aspects related to VAT revenue is VAT Gap. It measures revenue loss due to tax avoidance, fraud, evasion and due to bankruptcies, financial insolvencies or miscalculations. We compare European Union countries according to selected criteria and aim to analyze reasons behind VAT importance among government revenue sources. Data about taxation are mainly provided by Eurostat. VAT Gap report published by European Commission is used for data about VAT Gap and certain other VAT information. We use regression analysis to assess impact of VAT Gap, VAT rates, GDP per capita and geographical location on VAT revenues.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50206 - Finance
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Proceedings of the 16th International Scientific Conference European Financial Systems 2019
ISBN
9788021093386
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
568-573
Publisher name
Masaryk University Press
Place of publication
Brno, Czech Republic
Event location
Brno, Czech Republic
Event date
Jan 1, 2019
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000503222600068