EFFECTIVE CORPORATE INCOME TAX RATE FOR FIRMS ON ZAGREB STOCK EXCHANGE (CROSBI ID 685595)
Prilog sa skupa u zborniku | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Bubić, Jasenka ; Vidović, Jelena
engleski
EFFECTIVE CORPORATE INCOME TAX RATE FOR FIRMS ON ZAGREB STOCK EXCHANGE
This paper deals with differences between book and tax reporting by observing nominal and effective income tax rate for companies that are listed on Zagreb Stock Exchange in period from 2014 to 2017. Problem arises from the book income and income tax base which is derived from book income by applying tax regulations. Based on the financial reports effective corporate income tax rate was estimated. Roughly, it can be said that there exist two parallel reporting systems, book system which is available for investors and general public and tax system which is not available for general public. Results showed unexpectedly large differences between nominal and effective corporate income tax rate and what is most surprising results showed that large number of firms reported negative financial results continuously in observed period. Despite general picture there exist sectors which reported profit and paid effective income tax rate which is above prescribed nominal tax rate. This paper opens large number of questions ; does tax system allow managers to change strongly corporate income tax base, structural macroeconomic question -is it fair that only few sectors pay vast amount of income tax and are real information on firm’s operations hidden in corporate income tax related report which is publicly unavailable.
corporate income tax, effective tax rate, tax base, Zagreb Stock Exchange
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Podaci o prilogu
97-105.
2019.
objavljeno
Podaci o matičnoj publikaciji
Dukic, Dukić ; Studzieniecki, Tomasz ; Grzinic, Jasmina Grzinic
Zagreb: VADEA
1849-7535
Podaci o skupu
49th International Scientific Conference on Economic and Social Development: Building Resilient Society
ostalo
13.12.2019-14.12.2019
Zagreb, Hrvatska