The paper deals with the testing of the hypothesis, whether there is negative correlation between the time series of corporate income tax yield and personal income tax yield in the states of EMU and the Czech Republic. The correlation analysis has not proved the negative correlation (except...

The paper examines the principle of special procedure of a travel agent (travel services) with regard to both the Czech VAT Act and the VAT-Directive, where is a visible discrepancy in the definition of “customer”. Based on the model examples the advantages and disadvantages of both...

The article is based on evaluation of government’s tax revenue forecasting in Czech Republic between years 2004 and 2007. For evaluation of government forecasting are used ex-post and ex-ante methods. Within the scope of ex-ante method are described methods of regression analysis and...

The overview article provides information on the status of the theory of optimal taxation. The aim was to provide an overview of the latest research in particular in the field of optimal taxation, to allow the survey to provide inspiration to the creation and application of models for the...

The paper is based on general function of tax reforms. It evaluates VAT from the perspective of the taxpayer in the planned change of VAT rates in Czech Republic. The main aim is to analyze the impact of the changes on individual households deciles. The methodology is based on the database Czech...

Since the Miller and Modigliani (1958, 1963) theory of capital structure the literature struggles to include cost of financial distress in the cash flow theories of capital structure. Besides that most of the recent models are static. Let us just remind the contributions by Cooper, and Nyborg...

The objective of this paper is to examine the use of effective tax rates on different types of capital assets and sources of financing and to assess on the base of calculation of the tax wedges the degree to which taxation affects the incentive to undertake investment. The methodology used to...

The Czech Republic is currently setting up so called single collection point. The aim of this project is to merge collection of taxes, duties and contributions on public insurances. The main goal of the merged administration is simplification, efficiency and rationalization of tax, duties and...

It has been widely accepted that philosophers of science wrote a “swansong” for positivism during the second half of the 20th century. Milton Friedman and Paul Samuelson, major contributors in the fi eld of economic methodology at the time, the argument goes, never refl ected the demise....

There are currently held tough discussions among economists and policy makers on the most appropriate form of taxation that would be fair, simple, enough incentive to wage work and entrepreneurship and withal also providing sufficient revenue for the state to fund the services provided to...