Terminated in academic year 2021/2022

Taxes of economic subjects

Type of study	Bachelor
Language of instruction	English
Code	154-0567/01
Abbreviation	TESa
Course title	Taxes of economic subjects
Credits	4
Coordinating department	Department of Finance
Course coordinator	Ing. Karolina Lisztwanová, Ph.D.

Subject syllabus

1.Introduction, requirements for credit, recommended literature.
Fiscal policy, its roles and instruments, a position of taxation in fiscal policy and tax instruments (a discretionary measure and a built in stabilizer and their impact on the most important items).
2.Tax system, tax policy, tax classification, main terms connected with taxation. Tax object, tax subject, tax base, tax allowance, tax liability, tax planning, tax avoiding, tax evasion, tax declaration.
3.Taxation efficiency (an escessive tax burden), incentives (a forward and backward transfer) and equity (a benefit principle and a payment ability principle).
4.Personal income tax. Positives and negatives of PIT, its history, taxpayer, tax rates in selected countries, determining of tax liability, tax discounts, tax base, flat tax, sliding progression, tax splitting.
5.Corporate income tax. Positives and negatives of CIT, its history, taxpayer, tax rates in selected countries, effective tax rate, tax base, determining of tax liability, differences between items reducting tax base and tax credits.
6.Property taxes. Principles of property taxes, types of property taxes, positives and negatives.
Real estate tax. Basic characteristics and principles, tax base, tax subject, determining, tax rate, tax rates in selected countries, tax on real estate transfer. Inheritance tax.
7.Consumption taxes. Their history, types of consumption taxes (turnover tax, VAT, excesive tax), tax subject, tax object, way of determining of tax liability.
8.Value added tax. Main characteristics, tax payer, payer of tax, way of calculation, positives and negatives, tax rates in selected countries, development of tax rates, delivery of goods and export, acquisition of goods and import, provision and adoption services, reverse charge.
9.Excise taxes. Main principles, calculation, positives and negatives, tax rates in selected countries.
Tax coordination and harmonization process in the European Union, main objectives of tax policy, levels of international cooperation in taxation.
10.Tax coordination and harmonization. Coordination, approximation, levels of harmonization, negatives of harmonization. Harmonization of direct and indirect taxes.

Literature

BOADWAY, Robin W. From optimal tax theory to tax policy: retrospective and prospective views. Cambridge, Massachusetts: The MIT Press, [2012]. Munich lectures in economics. .
CNOSSEN, Sijbren, ed. Theory and practice of excise taxation: smoking, drinking, gambling, polluting, and driving. Oxford: Oxford University Press, 2005. ISBN 0-19-927859-8.
JAMES, Simon R. a Christopher NOBES. The economics of taxation: principles, policy and practice. Eighteenth edition. Birmingham: Fiscal Publications, 2018. ISBN 978-1-906201-42-5.
MUSGRAVE, Peggy B. Tax policy in the global economy: selected essays of Peggy B. Musgrave. Cheltenham: Edward Elgar, c2002. Studies in fiscal federalism and state-local finance. ISBN 1-840-64313-7.
STEINMO, Sven, ed. Tax policy. Cheltenham: Edward Elgar, c1998. An Elgar reference collection, 8. ISBN 1-85898-474-2.
SCHENK, Alan, Victor THURONYI a Wei CUI. Value added tax: a comparative approach. Second edition. New York: Cambridge University Press, 2015. Cambridge tax law series. ISBN 978-1-107-04298-8.
ŠIROKÝ, Jan, Kateřina KRZIKALLOVÁ a Michal KRAJŇÁK. Trend, development, role, and importance of personal income tax in the EU. Brno: CERM, 2020. ISBN 978-80-7623-037-8.
ŠIROKÝ, Jan a Regína STŘÍLKOVÁ. Trend, development, role, and importance of VAT in the EU. Brno: CERM, 2015. ISBN 978-80-7204-908-0.

Advised literature

AGIANNI, Vasiliki, Mery ALVARADO, Madalina COTRUT, Francesco DE LILLO, Filip KRAJCUSKA, Magdalena van DOORN-OLEJNICKA, Andreas PERDELWITZ a Marnix SCHELLEKENS, ed. European tax handbook 2022. Thirty-third edition. Amsterdam: IBFD, [2022]. Global tax series. ISBN 978-90-8722-760-9.
STRÉMY, Tomáš a Natália HANGÁČOVÁ. VAT Frauds: (Carousel Frauds). Praha: Leges, 2017. Teoretik. ISBN 978-80-7502-201-1.
MESSERE, Ken, Flip de KAM a Christopher John HEADY. Tax policy: theory and practice in OECD countries. New York: Oxford University Press, c2003. ISBN 0-19-924148-1.
PICKHARDT, Michael a Aloys PRINZ, ed. Tax evasion and the shadow economy. Cheltenham: Edward Elgar, c2012. ISBN 978-0-85793-703-2.
MILLER, Angharad a Lynne OATS. Principles of international taxation. Fifth edition. Haywards Heath: Bloomsbury Professional, [2016]. .

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