Postulat niedyskryminowania oszczędności w podatku dochodowym a lokowanie środków na IKE i IKZE
Journal Title: "Finanse" Czasopismo Komitetu Nauk o Finansach PAN - Year 2016, Vol 9, Issue 1
Abstract
A typical feature of the Polish personal income tax is a cumulative growth of the tax burden on savings over time. Investing in individual pension accounts ‘IKE’ and ‘IKZE’ allows to restrict this unfavourable phenomenon to some extent. This is possible due to a mechanism of tax preferences which are in line with the concepts of savings-adjusted and interest-adjusted income tax broadly discussed in literature. These approaches do not discriminate savings against consumption and fulfil the postulate of inter-period income tax neutrality. The aim of the paper is to answer the question to what extent investing in the accounts ‘IKE’ and ‘IKZE’ complies with the above mentioned tax concepts. In the article, a novel comparative analysis with respect to two aspects is carried out. First, formal rules governing ‘IKE’ and ‘IKZE’, with a particular focus on tax regulations, are compared. As a result, a model is developed whichdetermines the tax effects depending on the type of the account and the way (point in time) funds are withdrawn. Second, some detailed measures introduced in practice are compared against theoretical concepts and postulates. The comparative analysis conducted in the paper reveals that, in general, the tax preferences foreseen for the both types of pension accounts comply with the theoretical income tax concepts which do not distort savings decisions. However, numerous regulations which were introduced in practice lead to a far-reaching restriction of the postulate of non-discrimination of savings against consumption.
Authors and Affiliations
Anna Leszczyłowska
Keywords
Related Articles
- EP ID EP174209
- DOI -
- Views 47
- Downloads 0
The limits to monetary policy effectiveness
During the Great Moderation, when advanced economies entered a relatively long period of a stable growth, it was believed that monetary policy is a sufficient tool for keeping the economy on its equilibrium growth path....
Dywidenda jako źródło dochodów budżetu państwa w Polsce
Significant decrease of expected budget tax revenues in 2008 and 2009, due to economic slowdown in Poland, implied uncontrolled public budget deficit increase threat. Ministry of Finance had to face dilemma how to avoid...
The impact of the financial sector on economic growth
The approach of a unilateral impact of the financial sector on economic growth was invalidated by the last financial crisis which very quickly changed into a global economic crisis. The aim of the study is the analysis o...
Metoda kolejnych przybliżeń w optymalizacji struktury finansowania przedsiębiorstwa
The aim of the article is to present the method of successive approximations in the process of optimizing the capital structure of a company. The presented concept is based on the income based approach of company valuati...
Ocena zapotrzebowania na kapitał ryzyka w przedsiębiorstwie – propozycja wykorzystania wskaźników finansowych
The paper focuses on the important issue related to the integration of risk management and corporate financial management in the context of financing the consequences of risk in a company. The theoretical study was based...