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Daň z finančných transakcií a jej uplatnenie v Českej republike
Forróová, Eliška
Forróová, E. Financial transaction tax and its application in the Czech Republic. Diploma thesis. Brno: Mendel University, 2023. This thesis deals with the tax on financial transactions and its possible application in the Czech Republic. The work discusses the international experience of countries with tax on financial transactions, namely Great Britain, France and Italy. For individual countries, tax structures in these countries, their tax revenues and also the effects on the economy and mainly financial markets caused by the introduction of the tax were analyzed. On the basis of these experiences, a tax proposal was created, which could eventually be introduced in the Czech Republic, and then the revenues from this tax were estimated directly for the Czech Republic. Based on the analysis of international experience and also the estimated revenues, which were relatively low, the author ultimately did not recommend introducing such a tax in the Czech Republic.
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Supervision over the banking industry in the EU Member States
Kropjok, Vít ; Kohajda, Michael (advisor) ; Kotáb, Petr (referee)
The goal of my thesis on Supervision over the banking industry in the EU member states is to describe critically and to define newly engendering concept of the banking union. It is a very actual topic because the effective mechanism creation, which should solve problems of the European banking sector, is currently one of the primary goals of the European Union. The study is divided into three chapters. The first chapter is the theoretical one. The definition and differentiation of the essential terms such as supervision and surveillance can be found there. Further the basic theoretical modules can be found there, from which it is possible to stem during the banking supervision implementation in practice. The second and the third chapters are the analytical parts. The introduction of the second chapter glances at the backgrounds of the legislative proposals acceptance in this area. Afterwards the chapter is already focused on four pillars of the proposed Banking union. The first pillar is formed with so called "single rule book", thus the uniform regulatory rules that are the implementation of the requirements expressed in so called Basel III. In this part of the study there is outlined why it is not quite happy at present to burden the credit institutions in the European Union even more through...
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Taxation of financial institutions
Pražanová, Tereza ; Radová, Jarmila (advisor) ; Kábrt, Tomáš (referee)
The diploma thesis focuses on the financial institutions taxation. First part provides the analysis reasons for taxation and against taxation of financial institutions. Taxation of financial institutions in the Czech republic is analysed as well. Next chapter deals with theoretical concept of bank tax from J.M.Keynes and J.Tobina. This chapter is accompanied by the analysis of the bank tax variants. The third chapter topic is about the implementation of the financial transaction tax in the European Union. The end of diploma thesis deals with analysis of the bank tax in Great Britan, Sweden, Brazil and France.
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Financial transaction tax
Obruča, Radek ; Finardi, Savina (advisor) ; Bayer, Ondřej (referee)
This thesis deals with the financial transaction tax in Sweden, England and European Union. Historical circumstances and reasons for implementation of these taxes are described here. It is focused on experience up to now with these taxes in selected countries. One chapter is given to structural elements of the financial transaction tax in European Union. Main target of this thesis is to analyse how the stock indices influence the tax revenue as well as how the tax impacts on trading volumes in selected countries.
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The taxation of financial sector
Paloučková, Eliška ; Radová, Jarmila (advisor) ; Bártová, Hana (referee)
The diploma thesis deals with the taxation of financial institutions focused on European Union. The thesis provides a short view on the inception of financial crisis in USA and the costs spent by national governments on rescue of systemic important institutions on the market. The history of banking tax concept is briefly summarized on theoretical level and also two real historical examples of taxation in financial sector are provided. The main part of the work is focused on the current proposal of European Commission and the impact of its implementation. The practical part of diploma thesis is based on particular model examples how this proposal would work in practice.
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Tobin tax is placebo or real cure
Dlabolová, Markéta ; Klazar, Stanislav (advisor) ; Brabcová, Pavlína (referee)
The goal of the bachelor thesis is appraise if the Tobin tax is placebo or real cure to financial crises. Summary of progress of Tobin tax from the past to the future is in the introductory part of a bachelor thesis. In the middle of thesis I focus on reason of financial crisis, analysis opinions of political and proffesional public and to regulation of EU. I analyse and compare impact of FTT in French and Italy in the end.
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Vplyv dane z finančných transakcií na kvalitu trhu: Príklad Francúzska a Talianska
Šramko, Filip ; Jílek, Josef (advisor) ; Slaný, Martin (referee)
This thesis explores the impact of securities transaction tax (STT) on stock market quality. In order to identify the effects of STT on trading activity and market quality two recent STT introductions in France and Italy are analyzed. The effects are observed on panel data in four periods utilizing several trading activity and market quality measures. Following previous literature difference-in-differences approach is applied using various control groups including German and Spanish equities. The results point to significant decrease in trading activity and increase in bid-ask spreads in France following STT imposition. The impact on volatility is statistically insignificant across different specifications and estimation periods. The results for Italy are inconclusive due to possible contamination by political events, but the evidence indicates decrease in trading activity following STT introduction.
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Taxation of financial institutions
Kozák, Pavel ; Láchová, Lenka (advisor) ; Matějka, Václav (referee)
The submitted diploma thesis deals with the taxation of financial institutions, focusing on current trends in this field. Its aim is to analyze and compare implemented forms of taxation of financial institutions in selected countries. The first chapter provides the analysis of taxation of financial institutions in the Czech Republic and focuses on the specifics related to corporate income tax and value added tax. The second chapter discusses the approach to the taxation of financial institutions in selected countries where the focus is on the financial stability contribution, financial activities tax and financial transaction tax. The third chapter deals with the development of the implementation of the financial transaction tax in the European Union. Moreover, briefly describes the process of these discussions and examines the current proposal for a Council Directive implementing enhanced cooperation in the area of financial transaction tax. The thesis also contains an approximate prediction of tax revenues in case that the Czech Republic implemented the European financial transaction tax.
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Resurrection of the so-called Tobin tax. What are the intended unintended and the unintended unintended consequences of financial transaction tax?
Švec, Marek ; Mládek, Josef (advisor) ; Hájek, Jan (referee)
In recent times some economists and politicians in the context of financial crisis dusted off again the idea of introducing the so-called Tobin tax, or financial transaction tax (FTT), respectively. This thesis briefly reviews the existing literature on FTT. Two case studies of Sweden and Great Britain show in some respects two different experiences with FTT. The theses analyzes in detail the economic implications of the European Commission proposed FTT from the perspective of economic theory and economic policy. Partial conclusions of the thesis reveal some drawbacks and pitfalls of FTT. While the benefits of FTT remain rather controversial. The theses therefore concludes that FTT is not due to the severity of its impacts appropriate economic measure.
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Analysis of Influence of European Sovereign Debt Crisis on Financial institutions
Byrtusová, Eva ; Jílek, Josef (advisor) ; Titze, Miroslav (referee)
Banking crisis and following sovereign debt crisis are the cause of some changes on the financial market. This thesis is mainly focused on the debt crisis and its impact on financial sector stability. Roots, consequences and probable solutions of the debt crisis are also examined. Among analysed solutions were included proposals for financial transaction tax, stability bonds and regulation under new concept of CRD IV, bail-in and federalization of the eurozone. Analysed are also ratings, fiscal policy and optimality of the euro currency areas and its impact on stability of financial institutions. According to results, some proposals could be contrary to each other if implemented in its present form. Or it can increase moral hazard of financial institutions. Another consequence is establishment of new regulations. On the other hand, positive is that financial institutions have endured the sovereign debt crisis.
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