Wealth Taxes: Stories, Metaphors and Public Attitudes

Prabhakar, Rajiv

doi:10.1111/j.1467-923x.2008.00917.x

Cited by 14 publications

(13 citation statements)

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“…In general, people believe that they have already paid the income tax during their active work life and the property was created based on their taxed savings. Real estate tax opponents state that from the perspective of the principle of justice, it is immoral to punish those who saved money from a taxed income (Prabhakar 2008).…”

Section: Introductionmentioning

confidence: 99%

Specifics of Real Estate Taxation in the Czech and Slovak Republics

Sobotovičová

Janoušková

2020

Int Adv Econ Res

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This article is focused on the real estate tax in the Czech and Slovak Republics. Different approaches to the tax are applied (determination of construction elements and tax collection method) in both states, hence the reason for conducting research in these states. Many researchers deal with real estate taxes from the perspective of municipalities or states. The motivation for this research was finding solutions for real estate tax reform in the Czech Republic from the perspective of taxpayers. 1352 questionnaires were evaluated (839 from the Czech Republic and 513 from the Slovak Republic). The tax justification was reviewed with regard to investing the revenues from real estate tax into improving the life of citizens in the municipality. The questionnaire using was assessed within the descriptive statistics, the Kruskal-Wallis test and the Pearson chi-square test. Based on empirical research, the median real estate tax is lower in the Czech Republic when compared to Slovakia. Nevertheless, the percentage of respondents who perceive the tax burden as high is 3.3% higher in the Czech Republic than in Slovakia. The perception of tax justice varies. Respondents in the Czech Republic perceive less improvement in their municipal infrastructure. Conversely, almost half of the respondents from Slovakia mentioned improvements in infrastructure in the municipality. The majority of respondents in both countries knew how collected funds are utilized and what specific projects were carried out in their respective municipalities.

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Section: Introductionmentioning

confidence: 99%

Specifics of Real Estate Taxation in the Czech and Slovak Republics

Sobotovičová

Janoušková

2020

Int Adv Econ Res

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“…Opponents of the tax argue that it is not moral, under the principle of justice, to punish those who are saving or their children that indirectly participated in the accumulated assets. Prabhakar (2008) points out that the unpopularity or aversion is given mainly to the understanding of property taxes as double taxation of the same object. Generally, people feel that they have already paid tax on the income during their active working life and the property has been created by the accumulation of the taxed resources and the very existence of the property tax is the double taxation.…”

Section: Introductionmentioning

confidence: 99%

Importance of the Recurrent Tax on Immovable Property in the Tax Systems of EU Countries

Andrlík¹,

Formanová²

2015

Acta Univ. Agric. Silvic. Mendelianae Brun.

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This paper deals with the issue of the recurrent tax on immovable property and its signifi cance in the tax systems of the EU Member States. The recurrent tax on immovable property is classifi ed as property taxes, also according to the international methodology of the classifi cation of taxes. This tax is imposed on the owners (in some cases on the lessee or user) of the immovable property in the various tax jurisdictions and belong to the taxes that the taxpayer cannot avoid and from this perspective it represents a stable source of income for the public budgets of the modern market economies. This paper discusses the current state of the application of this tax in the tax systems of the Member States with an emphasis on numerical characteristics on the defi ned timeline. In frame of the analysis of the numerical characteristics there are use the primary sources, which are followed by the interpretation of the calculated results. The theoretical introduction is defi ning the theoretical basis for the application of this tax in modern tax systems and its confl ict with the issue of double taxation.

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“…Opponents of the property taxes claim that it is not moral from the point of the principle of justice to punish those who have saved or their children that have been indirectly involved in the accumulated assets. Prabhakar (2008) emphasizes that the unpopularity or aversion is given mainly due to understanding property taxes as a double taxation of the same object. Generally people feel that they have already paid income tax during their active working lives and the property resulted from the accumulating of the taxed resources, thus the own existence of property tax is double taxation.…”

Section: Introductionmentioning

confidence: 99%

The Role of the Tax on Immovable Property in the Municipal Budgets in the Czech Republic

Andrlík¹,

Formanová²

2015

AAK

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The aim of this paper is to evaluate the effects of the fiscal decentralization in the conditions of the Czech Republic and to assess the significance of the tax on immovable property in the budgets of the municipal units. The tax on immovable property is the tax that plays from the point of the fiscal decentralization a significant role. In the Czech Republic the tax on immovable property is the income of the municipality under Act no. 243/2000 Coll., on the budgetary allocation of taxes from certain taxes to municipal authorities and to some state tax funds, so the municipality can, simultaneously due to § 12 of Act no. 338 / 1992 Coll., on the tax on immovable property, as amended, directly affect the amount of the resulting tax liability of the taxpayers flowing to its public budget. The application of this legal instrument in the Czech Republic is discussed in a separate section of the analysis of the significance of the tax on immovable property. The article also includes the budget allocation of this tax in the Member States of the European Union. Theoretical research of this paper is aimed to identify factors that support the existence of this tax in modern tax systems. The analysis of the significance of the tax on immovable property is performed on the data from 2012, available from the portal "Municipal budget". The results achieved during own calculations indicate the importance of the tax on immovable property in the budgets of municipalities.

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Wealth Taxes: Stories, Metaphors and Public Attitudes

Cited by 14 publications

References 0 publications

Specifics of Real Estate Taxation in the Czech and Slovak Republics

Specifics of Real Estate Taxation in the Czech and Slovak Republics

Importance of the Recurrent Tax on Immovable Property in the Tax Systems of EU Countries

The Role of the Tax on Immovable Property in the Municipal Budgets in the Czech Republic

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