Can Tax Policy Contribute to the Crisis?

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F14%3A%230002556" target="_blank" >RIV/47813059:19520/14:#0002556 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.7763/JOEBM.2014.V2.111" target="_blank" >http://dx.doi.org/10.7763/JOEBM.2014.V2.111</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.7763/JOEBM.2014.V2.111" target="_blank" >10.7763/JOEBM.2014.V2.111</a>

Result language
angličtina
Original language name
Can Tax Policy Contribute to the Crisis?
Original language description
The discussion about causes of financial and economic crisis has focused also on tax consequences and measures. Taxes have not generated the crisis, but some aspects of tax policy may have led to increased risk-taking and indebtedness of banks, households and companies. Tax incentives may indeed the behaviour of economic agents, leading them to wrong economic decisions. The aim of the paper is to review main channels through which the tax policy and tax distorsion can affect financial markets and financial stability. Attention is focused mainly on taxation of financial institutions, tax reliefs for housing and for capital gains, tax preference for corporate debt financing. This paper examines last development and also current regulation and tax measures realized by policy makers and European Commission with the goal to prevent future crises. The paper employs standard methods of scientific paper; e.g. the method of description, induction, comparative analysis or synthesis.
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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