Taxes of economic subjects

Type of study	Bachelor
Language of instruction	English
Code	154-0567/02
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. Main aspect of taxation in case of market economy. Main concepts of taxation. Structural elements of taxation, tax classification.
2. Fiscal Policy, its role and instruments. Role of taxation, characterization of tax instruments.
3. Effectiveness of taxation. Income and substitution tax effect, tax incidence.
4. Tax system, its aims and limitations. Aims of tax policy. Changes of tax policy during economy crisis.
5. Personal income tax, its positives and negatives, tax subjects, tax objects, elements determining tax liability, tax base, tax allowances, tax maturity, tax progression.
6. Corporate income tax and its theoretical aspects. Tax subject, tax object, elements determining tax liability, tax base, tax allowances, tax rates, tax maturity.
7. Property taxes and their main characteristics. Types of property taxes. Real estate transfer tax - tax object, tax subjects, determining of tax liability, tax rates, tax maturity.
8. Real estate tax - main characteristics and principles. Tax subjects, assessing of tax liability, tax base, tax allowances, tax rates, tax maturity.
9. Consumption taxes. Types of consumption taxes, their main characteristics, and individual differences.
10. Value added tax. Its main characteristics, tax subjects, tax object, determination of tax liability, tax maturity.
11. Excise taxes, main principles, tax subjects, tax object, tax base, tax rates, tax maturity.
12. Tax coordination and tax harmonization in the European Union, its main objectives, influence on tax policy of individual countries. 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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