Is a Only One Share Tax the Solution for Local Self-Governments ?

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Is a Only One Share Tax the Solution for Local Self-Governments ?

Popis výsledku v původním jazyce

Although fiscal decentralization has taken place in Slovakia, there is still no complete autonomy of local self-government financing. There is only one share tax allocated to municipal budgets - personal income tax. The expected progress of this tax gradually increased the revenues base of municipalities. However, in bad economic times, the revenues from this tax decreases, which has a negative effect on the revenues from the tax redistributed to the level of local self-governments. That is why there are also opinions as to whether a mix of taxes would be more appropriate than a one shared tax. In this context, the aim of paper is the evaluation of the development of share tax revenues in the time period 2009-2021. The mentioned period also includes crisis periods (economic crisis, Covid-19 pandemic). We obtained the data from the Ministry of Finance of the Slovak Republic. The analysis showed that the volume of personal income tax has a significant impact on the tax revenues of local self-governments in times of crisis. This was fully manifested during the economic crisis, when in 2009 the resolution of the Government of the Slovak Republic No. 868 of December 2, 2009, an extraordinary subsidy from the state budget of the Slovak Republic in the amount of 100 mill. € provided to municipalities, to cover the shortfall in personal income tax to improve their situation in 2010. In the time period from 2009 to 2011, the share of yield from personal income tax on the tax revenues of municipalities ranged from 70.02 % to 79.43 %.

Název v anglickém jazyce

Is a Only One Share Tax the Solution for Local Self-Governments ?

Popis výsledku anglicky

Although fiscal decentralization has taken place in Slovakia, there is still no complete autonomy of local self-government financing. There is only one share tax allocated to municipal budgets - personal income tax. The expected progress of this tax gradually increased the revenues base of municipalities. However, in bad economic times, the revenues from this tax decreases, which has a negative effect on the revenues from the tax redistributed to the level of local self-governments. That is why there are also opinions as to whether a mix of taxes would be more appropriate than a one shared tax. In this context, the aim of paper is the evaluation of the development of share tax revenues in the time period 2009-2021. The mentioned period also includes crisis periods (economic crisis, Covid-19 pandemic). We obtained the data from the Ministry of Finance of the Slovak Republic. The analysis showed that the volume of personal income tax has a significant impact on the tax revenues of local self-governments in times of crisis. This was fully manifested during the economic crisis, when in 2009 the resolution of the Government of the Slovak Republic No. 868 of December 2, 2009, an extraordinary subsidy from the state budget of the Slovak Republic in the amount of 100 mill. € provided to municipalities, to cover the shortfall in personal income tax to improve their situation in 2010. In the time period from 2009 to 2011, the share of yield from personal income tax on the tax revenues of municipalities ranged from 70.02 % to 79.43 %.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50206 - Finance

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2022

Kód důvěrnosti údajů

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

Název statě ve sborníku

Procesne orientovaný manažment finančnej správy so zameraním na odhaľovanie daňových únikov

ISBN

9788081654848

ISSN

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e-ISSN

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Počet stran výsledku

10

Strana od-do

23-32

Název nakladatele

Prešovská univerzita v Prešove

Místo vydání

Prešov

Místo konání akce

Prešov

Datum konání akce

1. 1. 2022

Typ akce podle státní příslušnosti

CST - Celostátní akce

Kód UT WoS článku

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