FREQUENT DISCOUNTS AND LOSS OF VAT FOR THE STATE BUDGET OF CZECH REPUBLIC: SCENARIO ESTIMATIONS FOR MILK, EGGS AND POULTRY

Kód výsledku v 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>

Výsledek na webu

<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

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Jazyk výsledku

angličtina

Název v původním jazyce

FREQUENT DISCOUNTS AND LOSS OF VAT FOR THE STATE BUDGET OF CZECH REPUBLIC: SCENARIO ESTIMATIONS FOR MILK, EGGS AND POULTRY

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

FREQUENT DISCOUNTS AND LOSS OF VAT FOR THE STATE BUDGET OF CZECH REPUBLIC: SCENARIO ESTIMATIONS FOR MILK, EGGS AND POULTRY

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2020

Kód důvěrnosti údajů

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

Název statě ve sborníku

PROCEEDINGS - of the 29th International Scientific Conference Agrarian Perspectives XXIX. Trends and Challenges of Agrarian Sector

ISBN

978-80-213-3041-2

ISSN

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e-ISSN

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Počet stran výsledku

8

Strana od-do

223-230

Název nakladatele

Czech University of Life Sciences, Prague Faculty of Economics and Management

Místo vydání

CZU Prague

Místo konání akce

Czech University of Life Sciences Prague, Facul

Datum konání akce

16. 9. 2020

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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