It is said that it will take half a century for the candidate countries to catch up with the countries of the current European Community. When this happy occasion arrives, it is very likely that tax freedom day in the Czech Republic will fall on December 31st.
It's not excessive skepticism if we trust the information that says, 80 years ago, in the 1920s, Czech citizens finished their state tax obligations in early February. This year, Czechs began working "only for themselves" on June 12th, one day later than last year and five days later than two years ago. In other words, Czechs spent almost half the year working for a state that, at the same time, was far from being called "welfare," at least compared to those countries where tax revenue was returned to citizens in the form of social benefits.
Czech taxes are among the highest in Europe. However, Czech citizens have no tangible proof of what happens to the results of their six months of work. Thirteen years after the revolution, the heavy tax burden is eroding their income in the same way that working during the "radiant mornings" of the communist era did.
The starving treasury box increasingly resembles the bottomless stocking - from a Czech fairy tale - in which a foolish and deceived devil took futile steps to fill it with doubloons.
Tax Freedom Day in the Czech Republic has become a "moving holiday." Its celebration is being postponed more and more, not only because of shortcomings in the state's economic management, but also because of economic crime, arbitration cases, and the costs of lost international court cases, where the state pays for the slow and inefficient work of Czech judges with taxpayer money.
The public finance reform intended to eliminate the state deficit is once again relying heavily on taxpayers, although this time through indirect taxes: with increases in consumption tax and VAT.
Any questions about this news?
Talk to Coexia, the AI of the foreign trade
International business service providers
Barcelona Free Trade Zone
Public entity for economic revitalization, operates as an engine of industrial development in the Barcelona area.read more...
VUI - One-Stop Shop
The One-Stop Shop for Internationalization (VUI) is a space for information and advice.read more...
Asturex
Asturex, Foreign Promotion Company of the Principality of Asturias, SA is a capital company.read more...
PROEXCA
PROEXCA is a public company attached to the Ministry of Economy, Knowledge and Employment.read more...
Chamber of Madrid
The International Business Department of the Madrid Chamber of Commerce supports companies.read more...
Chamber of Spain
The Spanish Chamber of Commerce is a public law corporation and advisory body.read more...