Tax theory and policy

Teaching results

Education Outcomes:
• Deepen the theoretical knowledge of taxation and tax policy and public finances;
• To clarify the basic knowledge of tax theory necessary to understand the deeper context of current tax practice;
• By developing abstract thinking using modern technology, to point out the link between specific tax issues and their perception in the broader economic context;
• To pay attention to the macroeconomic and microeconomic impact of taxes in relation to the role of tax policy in the context of the European and world economy
Knowledge and Understanding:
• To specify the main differences between the tax theory and its application in practice;
• To understand and be able to identity the main principles of the tax mechanism, which is the base for the real "construction" of the tax system and its application in practice;
• To be able to evaluate the development of tax policy in the country, and on the basis of the acquired knowledge within the theoretical research be able to predict the development on the basis of acquired knowledge. To address tax policy issues such as the optimal introduction of excise taxes, optimal income taxation, and so on.;
• Be able to understand the behavioral effects of taxes, including the impact on the consumer, labor supply, savings and investment, entrepreneurship;
• Formulate and critically evaluate the positive benefits as well as the negative aspects affecting not only the economic but also the social and political sphere , especially using the methods of financial econometrics and experimental economics.
Practical Skills and Competence:
• To competently evaluate and interpret, on the basis of modern management procedures, the positive / negative features of tax systems in close co-ordination with the development of basic macroeconomic indicators;
• Be able to work independently (also as a manager) or in teams in the field of tax administration.
• To keep in touch with the latest developments in their field, in particular with the rapid development and use of ICT, as well as with the penetration of digitization and the use of new technologies, especially in the field of taxation.