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Tax and Welfare Reforms in the Czech Republic - Structural Implications and Challenges

Author/Editor: Dalsgaard, Thomas
Authorized for Distribution: March 1, 2008
Electronic Access: Free Full Text (PDF file size is 670KB)
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.

Summary: The 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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Series: Working Paper No. 08/52
Subject(s): Welfare reform | Czech Republic | Tax reforms | Tax rates | Labor markets | Income distribution
Author's keyword(s): Structural reform; marginal effective tax rates; flat tax
 
English  
    Published:   March 1, 2008        
            Format:   Paper
    Stock No:   WPIEA2008052   Pages:   52
    Price:   US$18.00 (Academic Rate: US$18.00 )
       
     
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