Importance of VAT in government budgets

Kód výsledku v 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>

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

Importance of VAT in government budgets

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Importance of VAT in government budgets

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50206 - Finance

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2019

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings of the 16th International Scientific Conference European Financial Systems 2019

ISBN

9788021093386

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

568-573

Název nakladatele

Masaryk University Press

Místo vydání

Brno, Czech Republic

Místo konání akce

Brno, Czech Republic

Datum konání akce

1. 1. 2019

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000503222600068