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Právní jistota - možný problém daňové politiky vyspělých zemí?
[Legal Certainty - Possible Problem of Tax Policy in Developed Countries?]

Author

Listed:
  • Zuzana Machová
  • Igor Kotlán

Abstract

In the OECD, tax policy makes one of the highly sensitive areas of critical importance to the governance of global economy. The OECD authorities realize the importance of tax systems' structure for economic output and social well-being, and thus the tax policy has made one of the OECD policy priorities since the OECD's earliest days. However, the policy has been aimed on giving recommendations to national authorities solely in the area of optimal tax mix structure, while other important aspects of the tax systems have remained omitted. One of such aspects is legal certainty about the development of taxation. If the certainty is low, expectations of economic entities are deformed, which leads to substitution effect, and higher risk occurs. Therefore, the aim of the paper is to validate the hypothesis that higher legal certainty in the area of taxation significantly promotes economic growth. This hypothesis is confirmed within the analysis, and more attention to legal aspects of taxation is suggested.

Suggested Citation

  • Zuzana Machová & Igor Kotlán, 2015. "Právní jistota - možný problém daňové politiky vyspělých zemí? [Legal Certainty - Possible Problem of Tax Policy in Developed Countries?]," Politická ekonomie, Prague University of Economics and Business, vol. 2015(7), pages 833-846.
    • Handle: RePEc:prg:jnlpol:v:2015:y:2015:i:7:id:1037:p:833-846
    DOI: 10.18267/j.polek.1037
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    More about this item

    Keywords

    tax certainty; legal certainty; legal aspects of taxation; economic growth;
    All these keywords.

    JEL classification:

    • H2 - Public Economics - - Taxation, Subsidies, and Revenue
    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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