Commenced in January 2007
Frequency: Monthly
Edition: International
Paper Count: 30174
Comparative Analysis of Tax Systems: Some Evidence from CEE Countries

Authors: Marie Paseková, Jiří Strouhal, Lehte Alver, Arturs Praulinš

Abstract:

During last decades is widely discussed the international harmonization of financial reporting. This harmonization is also affected by national tax systems in analyzed countries. This paper provides some evidence on current national tax systems in selected countries in Central and Eastern Europe. The linkage of accounting profit as a tax base might decrease the administrative burden for majority of SMEs, which are the most important engine of each national economy.

Keywords: International harmonization, tax system, SMEs, Czech Republic, Slovakia, Estonia, Latvia

Digital Object Identifier (DOI): doi.org/10.5281/zenodo.1071900

Procedia APA BibTeX Chicago EndNote Harvard JSON MLA RIS XML ISO 690 PDF Downloads 1567

References:


[1] M.A. Desai, "The Divergence between Book and Tax Income," Tax Policy and the Economy, vol. 17, no. 1, pp. 169-206, 2003.
[2] E. Eberhartinger, Ertragsteuerliche Konsequenzen der Internationalisierung der Rechnungslegung. Vienna: Orac, 2000.
[3] Eurostat, Key Figures on European Business: With a Special Feature on Recession. Luxembourg: Eurostat Pocketbooks, 2010.
[4] L. Evans, and C. Nobes, "Some Mysteries Ralating to the Prudence Principle in the Fourth Directive and in German and British Law," European Accounting Review, vol. 5, no. 2, pp. 361-373, 1996.
[5] J. Freedman, "Alighing Taxable Profits and Accounting Profits: Accounting Standards, Legislators and Judges," eJournal of Tax Research, vol. 2, no. 1, pp. 71-99, 2004.
[6] R. Groning, Steuerbilanzielle Gewinnermittlung nach US GAAP? Cologne: Eul, 2002.
[7] S. Gupta, and L.F. Mills, "Does Disconformity in State Corporate Income Tax Systems Affect Compliance Cost Burdens?" National Tax Journal, vol. 56, no. 2, pp. 355-371, 2003.
[8] M. Hanlon, and T. Shevlin, "Book-tax Conformity for Corporate Income: An Introduction to the Issues," Tax Policy and the Economy, vol. 19, no. 1, pp. 101-134, 2005.
[9] V. Kanniainen, and J. Sodersten, ÔÇ×The Importance of Reporting Conventions for the Theory of Corporate Taxation," Journal of Public Economics, vol. 57, no. 3, pp. 417-430, 1995.
[10] M. Lamb, et al., "International Variations in the Connections between Tax and Financial Reporting," Accounting and Business Research, vol. 28, no. 3, pp. 173-188, 1998.
[11] C.E. McLure, "Understanding Uniformity and Diversity in State Corporate Income Taxes," National Tax Journal, vol. 61, no. 1, pp. 141- 159, 2008.
[12] C. Nobes, Developments in the International Harmonization of Accounting. Cheltenham: Edward Elgar, 2004.
[13] C. Nobes, and R. Parker, Comparative International Accounting. Harlow: Prentice Hall, 2006.
[14] M. Pasekov├í, L. M├╝llerov├í, J. Strouhal, and L. Chyzhevska, ÔÇ×IFRS for SMEs: Challenge for Emerging Countries? Case of Czech Republic and Ukraine," Proceedings of WASET, vol. 66, pp. 1691-1964, 2010.
[15] T.M. Porcano, and A.V. Tran, "Relationship of Tax and Financial Accounting Rules in Anglo-Saxon Countries," The International Journal of Accounting, vol. 33, no. 4, pp. 433-454, 1998.
[16] W. Schon, Steuerliche Massgeblichkeit in Deutschland und Europa. Cologne: Verlag Otto Schmidt, 2005.
[17] J. Slemrod, "The Etiology of Tax Complexity: Evidence from US State Income Tax Systems," Public Finance Review, vol. 33, no. 3, pp. 279- 299, 2005.
[18] J. Slemrod, and W. Kopczuk, "The Optimal Elasticity of Taxable Income," Journal of Public Economics, vol. 84, no. 1, pp. 91-112, 2002.
[19] L. Smr─ìka, "The Rescue Principle in Czech Bankruptcy Law as it Exists Now and in the Future", In. International Conference of Marketing and Management Sciences, May 23-25, 2008, Athens, pp. 122-127, 2008.
[20] L. Smr─ìka, "Government Indebtedness and Family Indebtedness as an Inseparable Twins in the Modern World," International Journal of Mathematical Models and Methods in Applied Sciences, vol. 5, no. 3, pp. 480-489, 2011.
[21] C. Spengel, "International Accounting Standards, Tax Accounting and Effective Levels of Company Tax Burdens in the European Union," European Taxation, vol. 43, no. 6, pp. 253-266, 2003.
[22] J. Strouhal, Harmonization of SMEs- Financial Reporting in Emerging CEE Countries. Stevens Point, WI: WSEAS Press, 2011.
[23] J. Strouhal, C.G. Bonaci, A. Deaconu, L. M├╝llerov├í, and M. Pasekov├í, ÔÇ×SMEs StakeholdersÔÇÿ Needs on Valuation and Financial Reporting," International Advances in Economic Research, vol. 16, no. 4, pp. 425- 426, 2010.
[24] J. Strouhal, J. Mackevi─ìius, and S. Zverovich, "Comparison of the Reporting Bases: Case of Czech and Lithuania," International Advances in Economic Research, vol. 14, no. 4, pp. 483-484, 2008.
[25] J. Strouhal, L. Müllerová, Z. Cardová, and M. Paseková, "National and International Financial Reporting Rules: Testing the Compatibility of Czech Reporting from the SMEs Perspective," WSEAS Transactions on Business and Economics, vol. 6, no. 12, pp. 620-629, 2009.
[26] C. Watrin, et al., Book-tax Conformity and the Effect of Tax-focused Earnings Management on Financial Accounting: Evidence from German Public and Private Limited Companies, working paper, University of Munster, 2008.