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Income Taxation Versus Managerial Decisions

Author

Listed:
  • Tomasz Wo³owiec

    (University of Economics and Innovation in Lublin)

  • Tomasz Skica

    (University of Information Technology and Management (UITM) in Rzeszow)

  • Anna Nedyalkova

    (Varna Free University)

Abstract

Taking rational decisions in a company, both current and strategic, requires knowing and taking into consideration the external conditions of the conducted activity. The accuracy of decisions made, as well as the ability to adjust to a changing external environment determines not only the effectiveness of the enterprise’s operations, but also its ability to conduct further activity. The paper aims at demonstrating the influence of income tax on the activity of economic entities and also on the decisions taken by management. The article is composed of three complementary sections. The first one – the introduction – is an attempt at outlining the subject framework for the article and demonstrating potential areas in which the tax system affects the economy and the associated consequences. The second part provides an empirical analysis presenting possible variants (simulations) of declaring income and related management decisions taken in various time horizons and boundary conditions, reflecting the criteria of a resident. The third part of the paper comprises conclusions based on the results of conducted simulations, related to the influence of the income tax construction on financial decisions taken by enterprises and related consequences.

Suggested Citation

  • Tomasz Wo³owiec & Tomasz Skica & Anna Nedyalkova, 2014. "Income Taxation Versus Managerial Decisions," "e-Finanse", University of Information Technology and Management, Institute of Financial Research and Analysis, vol. 10(4), pages 1-14, May.
    • Handle: RePEc:rze:efinan:v:10:y:2014:i:4:p:1-14
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    File URL: http://e-finanse.com/artykuly_eng/289.pdf
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    Citations

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    Cited by:

    1. Jacek Rodzinka & Aleksandra Wojnarowska-Dygdoñ & Karolina Palim¹ka, 2014. "The Economic Consequences Of Changes In The Functioning Of Open Pension Funds," "e-Finanse", University of Information Technology and Management, Institute of Financial Research and Analysis, vol. 10(4), pages 15-27, May.

    More about this item

    Keywords

    taxation; market reaction; managerial decisions; effect of taxes1 Least Squares Method;
    All these keywords.

    JEL classification:

    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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