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Taxation In The Czech Republic
Czech Republic's current tax system was put into administration on 1 January 1993. Since then, an updated VAT act was introduced on 1 May 2004 when Czech Republic joined the EU and the act had to correspond to EU law. In 2008, the administration also introduced Energy Taxation. Changes to tax laws are quite frequent and common in the Czech Republic due to a dynamic economy. The highest levels of revenue are generated from income tax, social security contributions, value-added tax and corporate tax. In 2015, total revenue stood at CZK 670.216 billion which was 36.3% of GDP. The tax quota of the Czech Republic is lower than the EU average. Compared to the averages of the OECD countries, revenues generated from taxes on social security contributions, corporate income and gains and value added taxes account for higher proportions of total taxation revenue. Personal income tax lies on the other end of the spectrum where the revenue is proportionally much lower than the OECD average. Tax ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Emission Standards
The European emission standards are vehicle emission standards for pollution from the use of new land surface vehicles sold in the European Union and EEA member states and the UK, and ships in EU waters. The standards are defined in a series of European Union directives staging the progressive introduction of increasingly stringent standards. , the standards do not include non-exhaust emissions such as particulates from tyres and brakes. Details of Euro 7 have been postponed to 12 October 2022. Background In the European Union, emissions of nitrogen oxides (), total hydrocarbon (THC), non-methane hydrocarbons (NMHC), carbon monoxide (CO) and particulate matter (PM) are regulated for most vehicle types, including cars, trucks (lorries), locomotives, tractors and similar machinery, barges, but excluding seagoing ships and aeroplanes. For each vehicle type, different standards apply. Compliance is determined by running the engine at a standardised test cycle. Non-co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ecotax
An environmental tax, ecotax (short for ecological taxation), or green tax is a tax levied on activities which are considered to be harmful to the environment and is intended to promote environmentally friendly activities via economic incentives. A notable example is carbon tax. Such a policy can complement or avert the need for regulatory (command and control) approaches. Often, an ecotax policy proposal may attempt to maintain overall tax revenue by proportionately reducing other taxes (e.g. taxes on human labor and renewable resources); such proposals are known as a green tax shift towards ecological taxation. Ecotaxes address the failure of free markets to consider environmental impacts. Ecotaxes are examples of Pigouvian taxes, which are ''taxes that attempt to make the private parties involved feel the social burden of their actions''. An example might be philosopher Thomas Pogge's proposed Global Resources Dividend. Taxes affected Examples of taxes which could be lowere ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charles IV, Holy Roman Emperor
Charles IV ( cs, Karel IV.; german: Karl IV.; la, Carolus IV; 14 May 1316 – 29 November 1378''Karl IV''. In: (1960): ''Geschichte in Gestalten'' (''History in figures''), vol. 2: ''F–K''. 38, Frankfurt 1963, p. 294), also known as Charles of Luxembourg, born Wenceslaus (, ), was the first King of Bohemia to become Holy Roman Emperor. He was a member of the House of Luxembourg from his father's side and the Bohemian House of Přemyslid from his mother's side; he emphasized the latter due to his lifelong affinity for the Bohemian side of his inheritance, and also because his direct ancestors in the Přemyslid line included two saints. He was the eldest son and heir of John of Bohemia, King of Bohemia and Count of Luxembourg, who died at the Battle of Crécy on 26 August 1346. His mother, Elizabeth, Queen of Bohemia, was the sister of Wenceslaus III, King of Bohemia and Poland, the last of the male Přemyslid rulers of Bohemia. Charles inherited the County of Luxemb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Soviet Union
The Soviet Union,. officially the Union of Soviet Socialist Republics. (USSR),. was a transcontinental country that spanned much of Eurasia from 1922 to 1991. A flagship communist state, it was nominally a federal union of fifteen national republics; in practice, both its government and its economy were highly centralized until its final years. It was a one-party state governed by the Communist Party of the Soviet Union, with the city of Moscow serving as its capital as well as that of its largest and most populous republic: the Russian SFSR. Other major cities included Leningrad (Russian SFSR), Kiev (Ukrainian SSR), Minsk ( Byelorussian SSR), Tashkent (Uzbek SSR), Alma-Ata (Kazakh SSR), and Novosibirsk (Russian SFSR). It was the largest country in the world, covering over and spanning eleven time zones. The country's roots lay in the October Revolution of 1917, when the Bolsheviks, under the leadership of Vladimir Lenin, overthrew the Russian Provisional Government ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Centrally Planned Economy
A planned economy is a type of economic system where investment, production and the allocation of capital goods takes place according to economy-wide economic plans and production plans. A planned economy may use centralized, decentralized, participatory or Soviet-type forms of economic planning. The level of centralization or decentralization in decision-making and participation depends on the specific type of planning mechanism employed. Socialist states based on the Soviet model have used central planning, although a minority such as the former Socialist Federal Republic of Yugoslavia have adopted some degree of market socialism. Market abolitionist socialism replaces factor markets with direct calculation as the means to coordinate the activities of the various socially-owned economic enterprises that make up the economy. More recent approaches to socialist planning and allocation have come from some economists and computer scientists proposing planning mechanisms based o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Free Market Economy
A market economy is an economic system in which the decisions regarding investment, production and distribution to the consumers are guided by the price signals created by the forces of supply and demand, where all suppliers and consumers are unimpeded by price controls or restrictions on contract freedom. The major characteristic of a market economy is the existence of factor markets that play a dominant role in the allocation of capital and the factors of production. Market economies range from minimally regulated free-market and ''laissez-faire'' systems where state activity is restricted to providing public goods and services and safeguarding private ownership, to interventionist forms where the government plays an active role in serving special interests and promoting social welfare. State intervention can happen at the production, distribution, trade and consumption areas in the economy. The distribution of basic need services and goods like health care may be e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chlorofluorocarbon
Chlorofluorocarbons (CFCs) and hydrochlorofluorocarbons (HCFCs) are fully or partly halogenated hydrocarbons that contain carbon (C), hydrogen (H), chlorine (Cl), and fluorine (F), produced as volatile derivatives of methane, ethane, and propane. They are also commonly known by the DuPont brand name Freon. The most common representative is dichlorodifluoromethane (R-12 or Freon-12). Many CFCs have been widely used as refrigerants, propellants (in aerosol applications), and solvents. Because CFCs contribute to ozone depletion in the upper atmosphere, the manufacture of such compounds has been phased out under the Montreal Protocol, and they are being replaced with other products such as hydrofluorocarbons (HFCs) including R-410A and R-134a. Structure, properties and production As in simpler alkanes, carbon in the CFCs bond with tetrahedral symmetry. Because the fluorine and chlorine atoms differ greatly in size and effective charge from hydrogen and from each other, t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
