FREQUENT DISCOUNTS AND LOSS OF VAT FOR THE STATE BUDGET OF CZECH REPUBLIC: SCENARIO ESTIMATIONS FOR MILK, EGGS AND POULTRY
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F20%3A84624" target="_blank" >RIV/60460709:41110/20:84624 - isvavai.cz</a>
Result on the web
<a href="https://ap.pef.czu.cz/dl/88730?lang=en" target="_blank" >https://ap.pef.czu.cz/dl/88730?lang=en</a>
DOI - Digital Object Identifier
—
Alternative languages
Result language
angličtina
Original language name
FREQUENT DISCOUNTS AND LOSS OF VAT FOR THE STATE BUDGET OF CZECH REPUBLIC: SCENARIO ESTIMATIONS FOR MILK, EGGS AND POULTRY
Original language description
The practice of using price discounts as a tool to increase sales volumes has become widely applicable among retail chains in Czech Republic. Combined with significant purchasing power of retailers this can lead to sub-cost purchase prices. Consumers might be considered as main beneficiaries of frequent price discounts, as they are offered the opportunity to purchase specific categories of food products at lower cost. At the same time, lowered consumer price leads to lowered value added tax (VAT) revenues for state budget. The paper attempts to estimate one of the potential impacts of frequent price discounts, the loss of VAT for the state budget due to low retail prices of milk, eggs and poultry. Estimation is based on data obtained from Czech Statistical Office and employs Monte Carlo simulation to capture the stochastic element of retail markups. Main results of the estimation suggest, that annual loss of VAT for budget c
Czech name
—
Czech description
—
Classification
Type
D - Article in proceedings
CEP classification
—
OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
—
Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2020
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 29th International Scientific Conference Agrarian Perspectives XXIX. Trends and Challenges of Agrarian Sector
ISBN
978-80-213-3041-2
ISSN
—
e-ISSN
—
Number of pages
8
Pages from-to
223-230
Publisher name
Czech University of Life Sciences, Prague Faculty of Economics and Management
Place of publication
CZU Prague
Event location
Czech University of Life Sciences Prague, Facul
Event date
Sep 16, 2020
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
—