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The Issues Surrounding the Fiscal Effectiveness of Investment Incentives in the Czech Republic

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dc.title The Issues Surrounding the Fiscal Effectiveness of Investment Incentives in the Czech Republic en
dc.contributor.author Cedidlová, Miroslava
dc.relation.ispartof Proceedings of the 8th European Conference on Management Leadership and Governance
dc.identifier.isbn 978-1-908272-76-8
dc.identifier.isbn 978-1-908272-75-1
dc.date.issued 2012
dc.citation.spage 459
dc.citation.epage 464
dc.event.title 8th European Conference on Management Leadership and Governance (ECMLG)
dc.event.location Pafos
utb.event.state-en Cyprus
utb.event.state-cs Kypr
dc.event.sdate 2012-11-09
dc.event.edate 2012-11-10
dc.type conferenceObject
dc.language.iso en
dc.publisher Academic Conferences and Publishing International (ACPI) en
dc.relation.uri http://academic-conferences.org/pdfs/ECMLG_2012-Abstract-booklet.pdf
dc.subject investment incentives en
dc.subject fiscal effectiveness en
dc.subject foreign direct investment en
dc.subject taxes en
dc.description.abstract Investment incentives provide support for foreign direct investments and play an important role in the decision-making process of multinational corporations regarding the allocation of their investments. They are also priorities for countries with transitive or developed. Among central and eastern European countries, the Czech Republic has been one of the leading recipients of foreign direct investment since the late 90s, when the government amended the laws on investment incentives. The presence of foreign investments has eased access to foreign markets and has greatly influenced macroeconomic indicators. Investment incentives are provided in various forms: financial support for creating work places, subvention for costs related to employee retraining, or the amount of income tax relief and subvention for supporting the development of an industrial estate. These forms, whether alone or in combination, are supported from public funds. From the point of view of fiscal effectiveness they are national investments that should produce a rate of return and bring income, preferably sizeable, to the public coffers. State incomes are yields from various taxes, social and health insurance. The article deals with the measurement of the fiscal effectiveness of investment incentives under the conditions valid in the Czech Republic. A fiscal effectiveness model was created for this purpose, which was verified in cooperation with an existing business that received investment incentives from the Czech government. This project charts five years of business activities following the receipt of the investment incentives. Calculations are based in a real business and tax allowances over the period in question. The outputs include real outputs from taxes and other yields on the incoming side of the public accounts. The outcomes of the research project confirm that multinational enterprises bring high added value and that they are effective with a high rate of return. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1003450
utb.identifier.rivid RIV/70883521:28120/12:43868583!RIV13-MSM-28120___
utb.identifier.obdid 43868684
utb.identifier.wok 000321614900058
utb.source d-wok
dc.date.accessioned 2013-08-21T10:18:24Z
dc.date.available 2013-08-21T10:18:24Z
utb.contributor.internalauthor Cedidlová, Miroslava
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