scholarly journals Interest Limitation Rule Under ATAD: Case of the Czech Republic

2021 ◽  
Vol 12 (2) ◽  
pp. 121-134
Author(s):  
Aneta Pivoňková ◽  
Jana Tepperová
Keyword(s):  
Czech Republic ◽  
Tax Avoidance ◽  
Safe Haven ◽  
The Czech Republic ◽  
Common Rule ◽  
Borrowing Costs ◽  
Eu Countries ◽  
The Impact ◽  
The Eu

Abstract The anti-tax avoidance directive (ATAD) implemented in the EU countries in 2019 has brought, among other things, a common rule for tax-deductibility of exceeding borrowing costs of corporate taxpayers – the interest limitation rule. For interest limitation, the Czech Republic had so far used the so-called safe haven thin capitalisation rule. With the implementation of ATAD, companies need to test not only the thin capitalisation rule but also the new interest limitation rule according to ATAD. This paper aims to review the impact of the new interest limitation rule on the 200 largest Czech companies by their 2017 revenue as recorded in the Albertina database. Results covering the new rules, i.e. following the ATAD implementation, are being compared to the situation before the implementation. Most of the analysed companies seem unaffected by the new interest limitation rule. The analysis also showed that most of the analysed companies do not imply exceeding borrowing costs, either before or following the ATAD implementation.

Section III. Prospects for Europe

1998 ◽  
Vol 165 ◽  
pp. 54-65
Author(s):  
Julian Morgan ◽  
Florence Hubert ◽  
Dawn Holland ◽  
Dirk te Velde ◽  
Véronique Genre
Keyword(s):  
Czech Republic ◽  
Economic Performance ◽  
Growth Rates ◽  
Rapid Growth ◽  
Swiss Franc ◽  
The Czech Republic ◽  
Eu Countries ◽  
Real Gdp ◽  
Second Year ◽  
The Eu

Activity picked up markedly in the EU area last year; growth was estimated to have been 2.6 per cent compared with 1.8 per cent recorded in 1996. However the aggregate movement masks some significant divergences in economic performance. Growth was relatively modest, at between 2–2½ per cent in Germany, France and Austria, whilst Italy and Sweden recorded growth rates below 2 per cent for the second year running. The fastest growth was achieved in the Irish Republic where output expanded by over 10 per cent last year, following cumulative growth of 27 per cent in the previous three years. Finland also recorded rapid growth of nearly 6 per cent and nearly all the remaining EU countries enjoyed growth rates of 3 per cent or above. Outside the EU, activity remained robust in Norway, Poland and Hungary but was markedly weaker in the Czech Republic and Switzerland. Indeed real GDP has barely changed in Switzerland since 1990, partly reflecting the strength of the Swiss franc, although there are now signs that growth will be stronger in 1998 as the franc has depreciated since the end of 1995.

scholarly journals Post-communist countries of the EU and the euro: Dynamic linkages between exchange rates

2017 ◽  
Vol 67 (4) ◽  
pp. 511-538 ◽  
Author(s):  
Nikolaos Stoupos ◽  
Apostolos Kiohos
Keyword(s):  
Czech Republic ◽  
Exchange Rates ◽  
Euro Area ◽  
Sovereign Debt ◽  
Debt Crisis ◽  
Monetary Integration ◽  
The Czech Republic ◽  
The Impact ◽  
The Eu ◽  
Dynamic Linkages

The sovereign debt crisis of 2010 in the euro area significantly decelerated the monetary integration of the EU. The main purpose of this paper is to explore whether five post-communist member states of the EU are mature enough to adopt the euro. We used nominal exchange rates in the error correction model with asymmetric power ARCH (ECM-APARCH). Our results highlight that EU membership positively increased the impact of the euro on the currency of each of these countries in the short-run. In contrast, the long-term effect of the euro on each currency is negative for the Czech Republic, Hungary, and Croatia. Wholly different results were obtained for Poland and Romania. The APARCH model showed that the negative responses of the euro had a greater or neutral effect on the conditional variance of each currency instead of the positive responses. The debt crisis of the euro area had no impact on the dynamic linkages between the currencies. Our research concludes that Croatia, the Czech Republic, and Hungary are not ready to join the euro area in the near future. On the other hand, the currencies of Poland and Romania are already aligned with the fluctuations of the euro.

scholarly journals ПОЛІТИКА ЧЕСЬКОГО НАЦІОНАЛЬНОГО БАНКУ ЩОДО РИНКУ НЕРУХОМОСТІ

2021 ◽  
pp. 70-75
Author(s):  
Олександр Володимирович Києвич
Keyword(s):  
Czech Republic ◽  
Real Estate ◽  
Real Estate Market ◽  
Safe Haven ◽  
The Czech Republic ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market ◽  
The World ◽  
The Impact

Nowadays, when we still see the impact of COVID not only in the Czech Republic, but all over the world, when the value of money is constantly decreasing due to inflation and negative trends in the economy, people usually try to save their savings where they are confident that they will not lose value. The purpose of the article is to characterize the policy of the Czech National Bank in relation to the real estate market. Research hypothesis. The population of the Czech Republic now perceives housing as a safe haven and protects their savings by buying real estate. That is why, according to practicing economists, the great interest of Czechs in investing in real estate will continue in the coming years. Presentation of the main material. Wealthy people in the Czech Republic are now investing their money in apartments to protect their savings from inflation, which was largely fueled by covid restrictions. Rising inflation and volatility in world currencies is a serious blow to those who keep their savings in cash, so people want to own any asset that has any hope of going up. Originality and practical significance of the research. It has been proven that overheated markets sometimes collapse with dire consequences for a country's economy. And this is the responsibility of the regulators, who must anticipate and prevent such trends in the markets. Conclusions and prospects for further research. The current situation with the pandemic has not affected the real estate market, which is perhaps surprising. The population of the Czech Republic now perceives housing as a safe haven and protects their savings by buying real estate. The main task today of all financial market regulators, not only in the Czech Republic, but all over the world, is and will be the task of preventing a sharp collapse of the formed bubbles, including the real estate market.

scholarly journals Migration and Ageing of the Population of the Czech Republic and the EU Countries

2010 ◽  
Vol 19 (1) ◽  
pp. 54-73 ◽  
Author(s):  
Markéta Arltová ◽  
Jitka Langhamrová
Keyword(s):  
Czech Republic ◽  
The Czech Republic ◽  
Eu Countries ◽  
The Eu

scholarly journals Rola dużych gospodarstw rolnych we wzroście produktywności pracy rolnictwa polskiego na tle sytuacji w innych wybranych krajach Unii Europejskiej

2018 ◽  
Vol 105 (1) ◽  
pp. 32-46 ◽  
Author(s):  
Wojciech Józwiak ◽  
Zofia Mirkowska ◽  
Wojciech Ziętara
Keyword(s):  
Czech Republic ◽  
Labor Productivity ◽  
Productivity Growth ◽  
The Czech Republic ◽  
Group 2 ◽  
Large Farms ◽  
The Impact ◽  
The Eu ◽  
Group 1

The study focuses on the analysis of labor productivity in Polish agriculture in 2005 and 2016 in comparison to selected EU-15 countries (group 1) and some countries that joined the EU after 2004. In group 1, Austria, Belgium, Denmark, the Netherlands and Germany are included, while in group 2 - the Czech Republic, Slovakia, Lithuania, Latvia and Hungary. The analysis particularly considers the role of large farms, the size of which was contractually agreed at 30 ha of UAA. The aim of the study was to determine the impact of large farms on the level of labor productivity in total farms and to determine the possibility of reducing the differences between labor productivity in Polish large farms in relation to analogous farms in EU-15 countries, and determining whether changes occurring in Poland differ from those occurring in large farms in other post-socialist countries. In both groups of countries there was a decrease in the number of farms and an increase in labor productivity in agriculture in general and in surveyed classes in large farms. In the countries of group 2. the rate of labor productivity growth was higher than in group 1. However, it slightly reduced the differences. Labor productivity in agriculture in the countries of Group 1 was significantly higher than in Group 2. The increase in the number and share of large farms in the structure of farms was positively correlated with labor productivity in agriculture.

Romania's Foreign Trade and of Other Former Communist Countries in 2003-2012

2014 ◽  
Vol 3 (3) ◽  
pp. 19-31
Author(s):  
Marian Zaharia ◽  
Aniela Balacescu ◽  
Radu Serban Zaharia
Keyword(s):  
Czech Republic ◽  
Statistical Analysis ◽  
Foreign Trade ◽  
Economic Crisis ◽  
Significant Decline ◽  
Eu Countries ◽  
Comparative Statistical Analysis ◽  
Communist Countries ◽  
The Impact ◽  
The Eu

During 2003-2012, economies of most EU countries, have gone through periods of growth and decline, the most significant decline being recorded in 2009, due to strong economic crisis which has affect the EU and not only. The main purpose of this article is to assess the impact that the economic crisis has had on each of the five former communist countries analyzed, namely Romania, Czech Republic, Poland, Hungary and Bulgaria. This study is a comparative statistical analysis of evolutions of the volumes of exports and imports both within EU and outside. It also, are analyzed their trade balances evolutions, and were identified, for three of them, among which Romania, valid models of evolution for the period under review.

Dopady společné zemědělské politiky EU na české zemědělce v období 2014–2020

2021 ◽  
Author(s):  
Eliška Stromská ◽  
Dominika Tóthová ◽  
Katarína Melichová
Keyword(s):  
Czech Republic ◽  
Agricultural Policy ◽  
Common Agricultural Policy ◽  
Financial Stability ◽  
Agricultural Sector ◽  
The Czech Republic ◽  
The Common ◽  
Political Economic ◽  
The Impact ◽  
The Eu

The implementation of the Common Agricultural Policy of the EU in the Czech Republic brought many changes in the functioning and financing of agriculture in the Czech Republic with political, economic, and social impacts and many challenges and threats for Czech farmers. Since the Czech Republic acceded to the EU, the Common Agricultural Policy has been reformed several times. The aim of the article is to evaluate the impact of the Common Agricultural Policy on Czech farmers in 2014–2020. The evaluation is based on a qualitative survey among selected farmers in the Moravian-Silesian and Olomouc regions. The research results show that enterprises positively evaluate financial stability and the overall protection of the agricultural sector. Support for the diversification of agriculture and support for the investment was also highlighted. On the contrary, the administrative burden, great emphasis on cross compliance rules, differences in the payments in EU countries, reducing the competitiveness of Czech agriculture and unfavourable conditions for livestock farmers were assessed negatively.

scholarly journals VAT in the frame of providing management services to the subsidiary in the selected EU member states

2008 ◽  
Vol 54 (NO. 7) ◽  
pp. 333-342
Author(s):  
D. Nerudová ◽  
P. David
Keyword(s):  
Czech Republic ◽  
Scientific Work ◽  
The State ◽  
Member States ◽  
The Czech Republic ◽  
Standard Methods ◽  
Eu Countries ◽  
Eu Member States ◽  
The Eu ◽  
Management Services

There still exist the differences in the legal frame of VAT, its interpretation and application of the rules in practice between the EU member states. The application of VAT during providing management services to an enterprise in other EU state directly or through a subsidiary in the state of the recipient is different as well. Questions of the VAT application during the provision of management services were searched by using standard methods of the scientific work in the frame of five selected EU countries – Hungary, Poland, Romania, Slovakia and the Czech Republic.

The Europeanization of social movements in the Czech Republic: The EU and local women’s groups

2010 ◽  
Vol 43 (2) ◽  
pp. 209-219 ◽  
Author(s):  
Ondřej Císař ◽  
Kateřina Vráblíková
Keyword(s):  
Czech Republic ◽  
The Political ◽  
Political Opportunity Structure ◽  
Women's Groups ◽  
Political Opportunity ◽  
The Czech Republic ◽  
Women’S Groups ◽  
Accession Process ◽  
The Impact ◽  
The Eu

The goal of this paper is to analyse the impact the EU has had on Czech women’s groups since the1990s. Drawing on both Europeanization and social movement theories, the first section defines the theoretical framework of the paper. The second section is focused on the impact of changes in the funding of women’s groups which, since the end of the1990s, have relied more than before on European funding. The third section analyses the shift in the political context and the domestic political opportunity structure in the Czech Republic that has occurred in connection with the accession process. The fourth section analyzes transnational cooperation for which new opportunities have appeared with the EU’s eastward expansion. The paper concludes by summarizing its main findings.

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