Český finanční a účetní časopis 2013(4):55-69 | DOI: 10.18267/j.cfuc.352

Comparison of the Impact of Taxes and Other Factors on the Behavior of Companies in the Old and New European Union Member States

Jiří Kostohryz
Ing. Jiří Kostohryz - student doktorského studia; Katedra veřejných financí, Fakulta financí a účetnictví, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3; <xkosj27@vse.cz>.

The aim of this paper is to try to prove using a panel regression analysis the influence of the EATR (Effective Average Tax Rates are the indicators that businesses take into account during decisions on their investments and methods of financing) and selected variables as explanatory variables on the own constructed indicators of the share of different types of financing and different investments into selected assets to the total amount of assets. The EU countries are divided into two groups for the purpose of article: the old and new member states. A comparison is made between these two groups of countries. The panel data were obtained from financial statements of selected EU companies. These data were obtained from the AMADEUS database.

Keywords: Effective tax rate; EATR; EU; Regression analysis.
JEL classification: H32

Published: December 1, 2013  Show citation

ACS AIP APA ASA Harvard Chicago Chicago Notes IEEE ISO690 MLA NLM Turabian Vancouver
Kostohryz, J. (2013). Comparison of the Impact of Taxes and Other Factors on the Behavior of Companies in the Old and New European Union Member States. Czech Financial and Accounting Journal, 2013(4), 55-69. doi: 10.18267/j.cfuc.352
Download citation
  • BibTeX (.bib)
  • Bookends (.ris)
  • EasyBib (.ris)
  • EndNote (.enw)
  • EndNote 8 (.xml)
  • ISI WoS (.isi)
  • Medlars (.medlars)
  • Mendeley (.ris)
  • MODS (.xml)
  • Papers (.ris)
  • RefWorks (.txt)
  • RefManager (.ris)
  • RIS (.ris)
  • MS Word (.xml)
  • Zotero (.ris)
    • Open full article

    References

    1. Amadeus (2007): AMADEUS Internet User Guide. [on-line], Brussels, Bureau van Dijk Electronic Publishing, c2007, [cit.: 2. 10. 2011], <http://biblioteca.cchs.csic.es/docs/formacion/UserGuideAmadeus.pdf>.
    2. Devereux, M. P. - Elschner, C. - Endres, D. - Heckenmeyer, J. H. - Overesch, M. - Schreiber, U. - Spengel, C. (2008): Corporate Effective Tax Rates in an Enlarged European Union. [on-line], Mannheim, Centre for European Economic Research, c2008, [cit.: 1. 9. 2011], <http://ec.europa.eu/taxation_customs/resources/documents/taxation/gen_info/economic_analysis/economic_studies/effective_levels_report.pdf>.
    3. Devereux M. P. - Griffith R. (1999): The Taxation of Discrete Investment Choices - Revision 2. [on-line], London, Institute for Fiscal Studies Working Paper Series No. W98/16, c1999, [cit.: 1. 9. 2011], <http://ec.europa.eu/taxation_customs/resources/documents/common/tenders_grants/tenders/ao-2012-13/annex_8.pdf>.
    4. European Commission (2001): Company Taxation in the Internal Market. [on-line]. Brussels, European Commission, c2001, [cit.: 20. 9. 2012], <http://ec.europa.eu/taxation_customs/resources/documents/company_tax_study_en.pdf>.
    5. European Commission (2010): Taxation trends in the European Union - Data for the EU member states, Iceland and Norway. [on-line], Brussels, European Commission, c2010, [cit.: 10. 10. 2012], <http://ec.europa.eu/taxation_customs/resources/documents/taxation/gen_info/economic_analysis/tax_structures/2010/2010_full_text_en.pdf>.
    6. Eurostat (2013) : Database. [on-line], Luxembourg, Eurostat, c2013, [cit.: 20. 1. 2013], <http://epp.eurostat.ec.europa.eu/portal/page/portal/statistics/search_database>.
    7. Holečková, J. (2011): Efektivní daňové sazby (daňové klíny) jako nástroj analýzy distorze daňového systému ČR v letech 2000-2010. In Kubátová, K. (eds.): Teoretické a praktické aspekty veřejných financí. Praha, Vysoká škola ekonomická v Praze, 2011.
    8. Jacobs, O. H. - Spengel, C. - Finkenzeller, M. - Roche, M. (2003): Company Taxation in the New EU Member states (Survey of the Tax Regimes and Effective Tax Burdens for Multinational Investors). [on-line], Frankfurt am Main, Ernst & Young, c2003, [cit.: 28. 9. 2012], <http://www.zew.de/de/publikationen/taxation/studie_eu_tax.pdf>.
    9. King, M. A. - Fullerton, D. (1984): The Taxation of Income from Capital. Chicago, University of Chicago Press, 1984. Go to original source...
    10. Kostohryz, J. (2011): Panelová regresní analýza vlivu EATR na investiční a finanční chování podniků v EU. In Kubátová, K. aj. (eds.): Strukturální distorze v daňovém systému a jejich vliv na investiční rozhodování. Praha, Wolters Kluwer, 2011.
    11. OECD (1991): Taxing Profits in a Global Economy - Domestic and International Issues. Paris, OECD, 1991.
    12. Vítek, L. (2008): Ekonomická analýza zdanění příjmů. Praha, Ireas, Institut pro strukturální politiku, 2008.

    This is an open access article distributed under the terms of the Creative Commons Attribution 4.0 International License (CC BY 4.0), which permits use, distribution, and reproduction in any medium, provided the original publication is properly cited. No use, distribution or reproduction is permitted which does not comply with these terms.


    Return to the content