Work detail

A Comparison of Tax Systems in the CR and Italy

Author: Mgr. Darina Sommerová
Year: 2012 - winter
Leaders: prof. PhDr. Petr Teplý Ph.D.
Consultants:
Work type: Finance, Financial Markets and Banking
Masters
Language: English
Pages: 115
Awards and prizes:
Link:
Abstract: In this thesis we compare the tax systems of the Czech Republic and Italy. At first we provide
the major characteristics of their tax systems and then we assess the development of the tax
burden, tax revenues and tax rates in both countries. Based on data from the period 1995-2009
we developed the regression models of tax revenues from four main types of taxes – corporate
income taxes, personal income taxes, social security contributions and value added taxes.
The models are designed to indicate the most important factors to determine these revenues
and to explore which influences are the strongest. We address variables directly linked
to the tax setting, e.g. the statutory tax rates or implicit tax rates, as well as the indicators
linked to the country’s performance and the economic cycle, e.g. GDP per capita,
GDP growth or unemployment. As the major contribution of our work, we consider the final
conclusions provided at the end of the sixth chapter. Based on our models we were able
to indicate the opportunities to increase the tax revenues from different types of taxes and also
to define the potential excessive tax burden and cases where further increases in tax rates
are inconvenient.

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