Projekt Anglicky v odborných předmětech, CZ.1.07/1.3.09/04.0002 Anglicky v odborných předmětech "Support of teaching technical subjects in English“ Tutorial: Business Academy Topic: Taxes Prepared by : Ing. Adam Skovajsa Projekt Anglicky v odborných předmětech, CZ.1.07/1.3.09/04.0002 je spolufinancován Evropským sociálním fondem a státním rozpočtem České republiky.

Stabilization function Redistribution function Questions to practise CONTENT Tax functions Fiscal function Allocation function Stimulative function Stabilization function Redistribution function Questions to practise Bibliography 10.4.2019

Tax functions In terms of the Tax Code in the CR we distinguish these functions: Fiscal Allocation Stimulative Stabilization Redistribution 10.4.2019

Fiscal function is the ability to fill the public budget this function must be always preserved 10.4.2019

Allocation function Follows from the fact that in some markets effectiveness of market mechanisms fails, for example vaccination It can use the opposite effect – it disadvantages consumption or production of certain goods (excise tax on cigarettes or alcohol) 10.4.2019

Stimulative function It uses the fact that entities generally perceive taxes as harm and thus are willing to do much to reduce their tax liability (state provides various forms of tax savings) 10.4.2019

Stabilization function It applies to measures which reduce deflection of economic cycle (boom = higher incomes= higher tax revenues) 10.4.2019

Redistribution function It is based on redistribution of income from the richer to the poorer ones According to the growth of the tax base in relation to tax, we distinguish progressive and regressive taxes 10.4.2019

Questions to practise ? Where would we find the definition of a taxpayer Who is obliged to pay taxes himself – indirect taxpayer of a direct one? Can a business with employees be considered for a direct taxpayer? 10.4.2019

Cloze …………function must always be preserved. Redistribution function is based on the fact that it is necessary to eliminate …………… in incomes of individual entities. …………… function follows from the fact that in some cases effectiveness of market mechanisms fails. 10.4.2019

Bibliography Bakeš, M. a kolektiv. Finanční právo. Praha: C. H. Beck. Praha, 2009. ISBN 978-80-7400- 801-6. Vejvodová, H. Kopřiva, J. Právo I – Finanční právo. Brno: VUT v Brně: Fakulta podnikatelská, 2008. ISBN 978-80-214-3730-2. Vančurová, A. Láchová, L. Daňový systém ČR 2010. 1. VOX, a. s. Praha, 2010. 355 s. ISBN 978-80-86324-86-9. 10.4.2019

Thanks for attention 10.4.2019