Corporate Taxation in Czechia: A Proper Tax Mix Stimulating Economic Growth

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F24%3AA0000493" target="_blank" >RIV/47813059:19520/24:A0000493 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1108/978-1-83753-840-920241007" target="_blank" >http://dx.doi.org/10.1108/978-1-83753-840-920241007</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1108/978-1-83753-840-920241007" target="_blank" >10.1108/978-1-83753-840-920241007</a>

Result language
angličtina
Original language name
Corporate Taxation in Czechia: A Proper Tax Mix Stimulating Economic Growth
Original language description
It is important to consider economic and political factors when designing the tax mix and setting the level of corporate taxation. Increasing corporate taxation can be seen as an inefficient way to raise revenue for the state, as it can have a negative impact on investment and the competitiveness of firms. However, lowering corporate taxation can encourage investment and job creation, but it can also be perceived as supporting large corporations. The aim of this chapter is to evaluate corporate taxation, its position in the tax mix and its potential impact on economic growth. The revenues of corporate income tax (CIT) have an increasing tendency even though the tax rate was reduced from 41% to 19%. Revenues are influenced by both legislative changes and economic cycles. The level of taxation is also influenced by deductions, which include asset depreciations, research and development expenses, or loss deductions. The Pearson Correlation Coefficient was used to examine the correlation between the selected factors. A moderately strong positive correlation was found between GDP growth and CIT as a percentage of total taxes, as well as between GDP growth and CIT as a percentage of GDP.
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2024
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Book/collection name
Modeling Economic Growth in Contemporary Czechia (Entrepreneurship and Global Economic Growth)
ISBN
9781837538416
Number of pages of the result
18
Pages from-to
103-120
Number of pages of the book
322
Publisher name
Emerald Publishing Limited
Place of publication
Velká Británie a Severní Irsko
UT code for WoS chapter
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