European Financial and Accounting Journal, 2023 (vol. 18), issue 1

Articles

Taxation of Financial Institutions in the Czech Republic

Veronika Síbrtová

European Financial and Accounting Journal 2023, 18(1):1-23 | DOI: 10.18267/j.efaj.278  

This article aims to analyse possible forms of taxation in the financial sector and, based on financial institutions’ data, estimate the potential contribution to the state revenue of the Czech Republic, if the tax is levied on the banks’ assets with the progression tax rate. The exponential smoothing methods were used to predict banks’ assets for the following five years. Actual data from the MagnusWeb database and annual reports for Czech banks from 2008 until 2021 were used. This article estimates tax revenues for the Czech Republic by using the parameters of bank tax proposed by several political parties and comparing the results...

The Volatility of Green and Non-green Sovereign Bonds on the Emerging EU Markets

Mercédesz Mészáros, Máté Csiki, Gábor Dávid Kiss

European Financial and Accounting Journal 2023, 18(1):25-44 | DOI: 10.18267/j.efaj.279  

Green finance is becoming increasingly important today, affecting many areas of the economy. In this regard, the examination of green bond markets is becoming more and more important, as various financial shocks have also led to significant changes in the financial markets and economic policy processes. However, only a few of these new financial assets were issued on the emerging EU market, therefore the side effects of them have not yet been fully explored. In addition, the rise of green finance is only in its infancy in smaller economies, in various financial markets, which may be important to monitor in future investment decisions. The aim of our...