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1

ESTIMATION OF FINANCIAL TRANSACTION TAX REVENUES AS A NEW OWN RESOURCE OF EUROPEAN UNION BUDGET

100%
Nerudová D., Dvořáková V.
Ekonomický časopis (Journal of Economics)
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2014
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vol. 62
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issue 9
945 – 958
EN
The discussion about the possible taxation of the financial sector has started in the European Union as a result of the financial crisis. Taxes on financial transactions could be used as regulatory tools and also as the new own resource of public revenue. Nevertheless, it is a question, whether the financial transaction tax (hereinafter as FTT) can represent sufficient resource in order to fully replace GNI (Gross National Income) contribution of EU Member States into the EU budget. The aim of the paper is to estimate the value of FTT revenues as a new possible own resource of EU budget. The empirical results represent that the FTT revenues could be range between EUR 24.9 – 28.3 bn. for EU-11 per year.
2

TAX COLLISION: THE EFFECT OF VAT AND EXCISE DUTIES ON THE RETAIL PRICE OF UNLEADED GASOLINE

100%
Dobranshi M., Nerudová D.
Ekonomický časopis (Journal of Economics)
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2018
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vol. 66
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issue 7
643 – 664
EN
This paper researches the imposition of the Value Added Tax (VAT) on the excise-inclusive retail price of unleaded gasoline in the European Union countries. The issue of tax-on-tax arises when the excise duty is included into the VAT tax base. We analyse the tax burden shifting through the retail prices of gasoline in the context of tax collision between VAT and excise duty. The results show that VAT burden is over shifted toward the end-consumers through prices. Moreover, the tax interaction between VAT and the specific tax reduces the corrective effect of the excise duty imposed on the unleaded gasoline.
3

COMMON CONSOLIDATED CORPORATE TAX BASE SYSTEM RE-LAUNCHING: SIMULATION OF THE IMPACT ON THE SLOVAK BUDGET REVENUES

100%
Nerudová D., Solilová V.
Ekonomický časopis (Journal of Economics)
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2017
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vol. 65
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issue 6
559 – 578
EN
European Commission re-launches the common consolidated corporate tax base (CCCTB) in Europe within the efforts to fight with tax evasion and tax fraud via two step procedure. Firstly, only a common corporate tax base (CCTB) would be implemented with the possibility of cross-border loss offsetting CCCTB. Common consolidated corporate tax base should be introduced only in the second step. The aim of the paper is to research the impact of both implementation steps on the amount of the tax bases allocated in the Slovak Republic. The results show, that the first implementation step would results into the decrease of allocated tax bases by 0.27% in the Slovak Republic. The second implementation step would result in to the increase of the tax bases allocated in the Slovak Republic by 3.02%.
4

APPLICATION OF THE CCCTB AND SAFE HARBOURS TO EUROPEAN SMES: CAN THE DECREASE IN COMPLIANCE COSTS SUPPORT BETTER SME PERFORMANCE?

81%
Solilová V., Nerudová D., Litzman M.
Ekonomický časopis (Journal of Economics)
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2019
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vol. 67
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issue 6
587 – 606
EN
Small and medium-sized enterprises (SMEs) are facing internal markets with higher taxation and transfer price compliance costs as well as cross-border loss compensation problems. With respect to the taxation (transfer pricing) compliance costs that are borne by SMEs, the possible solutions for decreasing those costs were suggested to be safe harbours and common (consolidated) corporate tax bases. This paper includes an evaluation of the suggested approaches and their impacts on the SMEs’ economic performance. In addition, this evaluation accounts for the selected economic variables that are classified by industry and firm size, assuming decreased compliance costs of taxation and the fulfilment of the long-term goals of the EU2020 agenda, such as smart and inclusive growth in the EU. Based on the results, it can be concluded that safe harbours and the CCCTB system are able to improve SMEs’ performance. The most important economic variables supporting the increase in business performance are current assets, value added, enterprise value and, finally, operating revenues. In researched countries, the highest impact on the business performance would result from the created added value.
5

FINANCIAL TRANSACTION TAX: THE BREXIT – AN OPPORTUNITY OR THREAT?

81%
Solilová V., Nerudová D., Litzman M.
Ekonomický časopis (Journal of Economics)
|
2019
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vol. 67
|
issue 3
223 – 244
EN
The European Union faces the biggest change in her history – Brexit. The United Kingdom is leaving the EU and therefore its integrated capital market. Never before in the history of the EU has a member state left the club, therefore the reactions of the internal market, economies of the rest EU member states, and financial markets are unpredictable. Since 2012, the Coalition of the willing would like to implement the financial transaction tax (FTT) but currently they pause before the question of how the Brexit will change the potential FTT revenues of the Coalition of the willing. Based on the research we can conclude that the Brexit will have a negative or positive impact on the potential FTT revenues with dependence on a relocation of financial markets outside of United Kingdom. Moreover, the FTT can be considered as a sustainability-oriented tax-based own resources for a reform of the EU budget.
6

IS THERE A REAL CHANCE TO ADOPT THE CCCTB WITHOUT UK PARTICIPATION IN THE EU?

81%
Nerudová D., Solilová V., Litzman M.
Ekonomický časopis (Journal of Economics)
|
2021
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vol. 69
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issue 6
582 – 603
EN
The European Commission re-launched its proposal on the Common Consolidated Corporate Tax Base (CCCTB) in Europe in October 2016. The CCCTB aims to help ensure a fair and efficient corporate tax system in the European Union as a tool to fight tax evasion and tax fraud. Moreover, the CCCTB could be intended to be used as a new resource for the EU budget, as the EU budget requires reassessment after Brexit. Although the outcome of the Brexit process was uncertain for a long time, the UK left the EU on 31 January 2020. The objective of this paper is to research the impact of the introduction of the CCCTB on the EU’s economic environment in the post-Brexit period. The research reveals that the overall tax base under the CCCTB in the post-Brexit period would decline by 5.34% in comparison with the current tax base. Through a dynamic approach, we find that the CCCTB could increase the tax base by between 3.33% and 22.42%, depending on the behavioural effects induced by the implementation of the proposal.
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