Tax and Welfare Reforms in the Czech Republic - Structural Implications and Challenges
AbstractThe paper provides an analysis and discussion of key structural implications of the 2007 and 2008 welfare and tax reforms in the Czech Republic. Based on a detailed micro-study of marginal and average effective tax rates for individuals at various points along the earnings curve, it concludes that while incentives to save and invest have improved, work incentives are being severely hampered by high marginal effective tax rates for low- and middle income individuals. The reforms also fail to address the most pressing fiscal concern: to put government finances on a sustainable path.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 08/52.
Date of creation: 01 Mar 2008
Date of revision:
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-03-25 (All new papers)
- NEP-PUB-2008-03-25 (Public Finance)
- NEP-TRA-2008-03-25 (Transition Economics)
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- SÃ²nia MuÃ±oz & CÃ©line Allard, 2008. "Challenges to Monetary Policy in the Czech Republicâ€”An Integrated Monetary and Fiscal Analysis," IMF Working Papers 08/72, International Monetary Fund.
- Marcin Piatkowski & Mariusz Jarmuzek, 2008. "Zero Corporate Income Tax in Moldova: Tax Competition and Its Implications for Eastern Europe," IMF Working Papers 08/203, International Monetary Fund.
- Dennis P. J. Botman & Anita Tuladhar, 2008. "Tax and Pension Reform in the Czech Republic-Implications for Growth and Debt Sustainability," IMF Working Papers 08/125, International Monetary Fund.
- Richard M. Bird & Michael Smart, 2012. "Financing Social Expenditures in Developing Countries: Payroll or Value Added Taxes?," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper1206, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
- Nikolay Galabov, 2009. "The Flat Tax – Theory and Practice," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 3-18.
- Nikolay Galabov, 2009. "The Flat Tax – Theory and Practice," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 7, pages 124-137.
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