 A note on the taxation of capital income in the Czech Republic and PolandFiscal Studies, 1996, vol. 17, issue 3, 91-103 Abstract: The transition of the eastern European countries into market-based economies and their potential integration into the European Union raise questions about how their capital income tax systems should be structured and to what extent they are in line with the rest of Europe. This note presents a brief analysis of the tax systems currently in place and considers what issues should be of concern in setting tax policy in the future. The impact capital income taxes have on the incentives for firms to invest in the Czech Republic and Poland is described using a marginal effective tax wedge and an average effective tax rate. Simulations of some simple reforms are also presented. First, some brief comments are made on what the optimal tax policy for smaller capital-importing countries might be and how this should inform policy in the transition economies. The standard theoretical literature on optimal taxation in a small open economy suggests that residence-based taxation is optimal, implying that the tax Date: 1996 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ifs:fistud:v:17:y:1996:i:3:p:91-103 Ordering information: This journal article can be ordered from Access Statistics for this article More articles in Fiscal Studies from Institute for Fiscal Studies The Institute for Fiscal Studies 7 Ridgmount Street LONDON WC1E 7AE. Contact information at EDIRC. |
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