Taxation in Democratic Czechoslovakia and the Independent CzechRepublic
2021
The taxation system in communist Czechoslovakia was based on
the redistributive, regulative, and fiscal functions of taxes.
After the Velvet Revolution in November 1989, it was crucial
for the economy and economic development to change the tax
system. To achieve this, new politicians decided for the slower
transformation of Czechoslovakian tax law. Most of the tax acts
that were valid in socialist Czechoslovakia remained in force
after the Velvet Revolution; however, they were amended in 1990
with regard to the aim of the tax reform being prepared for
1993. In August 1992, the decision to split Czechoslovakia was
announced. It was more of a historical coincidence that the
independent Czech Republic’s foundation in 1993 was connected
with complex tax reform. The reform’s primary aims were the
link between tax revenues and gross domestic product; tax
justice and fair competition; possible foreign investments and
general openness to the European and international markets;
elasticity and effectiveness of the tax system; and reduction
of social criteria in taxation. The tax reform of 1993 in the
Czech Republic is one of the most complex tax reforms globally.
Most of the acts adopted at the end of 1992 are still
effective. This article aims to introduce the developments in
terms of taxation in democratic Czechoslovakia and the
independent Czech Republic to international readers.
Keywords:
- Correction
- Source
- Cite
- Save
- Machine Reading By IdeaReader
0
References
0
Citations
NaN
KQI