Czech Financial and Accounting Journal, 2020 (vol. 2020), issue 2

Articles

Factors of tax evasion in Visegrad countries

Dominika Havrdová, Hana Zídková

Český finanční a účetní časopis 2020(2):5-25 | DOI: 10.18267/j.cfuc.544  

The article deals with the factors that affect the tax morale of the population of the Visegrad Four countries, i.e. Poland, Hungary, Slovakia and the Czech Republic. The evaluation of the answers of the respondents of the European Values Study to the question of whether they justify tax evasion serves as an indicator of tax morale. The authors work on the one hand with the frequency of answers expressing a complete rejection of fraud and on the other hand with average answers on a scale from 1 to 10. Respondents from Slovakia were found to be justifying tax fraud the most, and Polish and Hungarian residents agreed with tax evasion the least. Furthermore,...

Valid commercial reasons for mergers

Jáchym Lukeš

Český finanční a účetní časopis 2020(2):27-42 | DOI: 10.18267/j.cfuc.545  

National and European tax legislation deals with the notion of proper economic reasons for mergers. The aim of this article is to link the economic and tax perspective on the implementation of mergers of companies and in this framework to characterize the basic rules for assessing mergers of companies in terms of tax law in practice. The economic and tax perspective is connected on a model example, on which the main methodological procedures for the assessment of mergers are presented. The connection between the two areas has led to clear conclusions for tax practice. It follows from the application of the so-called principle of abuse of law that it...

Verification of Feldstein-Horioka Puzzle (Example of European Union Countries)

Kateřina Šímová

Český finanční a účetní časopis 2020(2):43-60 | DOI: 10.18267/j.cfuc.546  

The paper deals with the Feldstein–Horioka puzzle, i.e. the relationship between savings and investment captured by cross-sectional regression. Feldstein and Horioka (1980) considered the regression coefficient as a suitable measure of capital mobility. Although later studies have pointed to different interpretations of the relationship between savings and investment, the basic approach of Feldstein and Horioka is still applied and critically evaluated. The paper is inspired by the basic approach of Feldstein and Horioka to the EU12 countries for the period 1980 to 2018 and the EU28 from 1995 to 2018, and in interpreting the results, the article...