Modelling effective corporate tax rate in the Czech Republic

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F17%3A00094981" target="_blank" >RIV/00216224:14560/17:00094981 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Modelling effective corporate tax rate in the Czech Republic

Popis výsledku v původním jazyce

Comparing the statutory corporate tax rates with the effective corporate tax rates at corporate level, one can observe a statistically significant average difference of 2 percent in the Czech Republic. The goal of our paper is to identify and quantify the most important factors influencing the effective corporate tax rate in the Czech Republic which contribute to the variability in the effective taxation. Using the public data from the accounting statements from the last 15 years we have formulated and estimated a panel data model using various real and financial indicators of the Czech companies. The most significant factors are the size of companies, the ratio of noncurrent assets to total assets, the rentability of assets, the ratio of inventory to the total assets, the economic activity classification CZ-NACE, and the legal form. We show that the influence of the indebtedness ratio is non-linear. Surprisingly, the company's age and the retained losses prior years have no effects on final effective tax rates. Our model is able to predict statutory tax rate pretty well.

Název v anglickém jazyce

Modelling effective corporate tax rate in the Czech Republic

Popis výsledku anglicky

Comparing the statutory corporate tax rates with the effective corporate tax rates at corporate level, one can observe a statistically significant average difference of 2 percent in the Czech Republic. The goal of our paper is to identify and quantify the most important factors influencing the effective corporate tax rate in the Czech Republic which contribute to the variability in the effective taxation. Using the public data from the accounting statements from the last 15 years we have formulated and estimated a panel data model using various real and financial indicators of the Czech companies. The most significant factors are the size of companies, the ratio of noncurrent assets to total assets, the rentability of assets, the ratio of inventory to the total assets, the economic activity classification CZ-NACE, and the legal form. We show that the influence of the indebtedness ratio is non-linear. Surprisingly, the company's age and the retained losses prior years have no effects on final effective tax rates. Our model is able to predict statutory tax rate pretty well.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50200 - Economics and Business

Projekt

<a href="/cs/project/GA17-26705S" target="_blank" >GA17-26705S: Dopady změn v daňové legislativě na efektivnost a spravedlnost v České republice</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2017

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

35th International Conference Mathematical Methods in Economics MME 2017 Conference Proceedings

ISBN

9788074356780

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

511-516

Název nakladatele

Faculty of Informatics and Management, University of Hradec Králové

Místo vydání

Hradec Králové

Místo konání akce

Hradec Králové

Datum konání akce

1. 1. 2017

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000427151400087