Publication at Faculty of Law |
2016
Abstract
The principle of balanced annual state budgets according to which expenditure should not exceed incomes was applied in fiscal polici until 1995. Since 1995, state budget deficits have become acceptable.
It is often stated in the search of additional revenues for the state budget that one possibilty might be the elimination of tax evasions. For this reason there is constatnt pressure on the tax authorities to address this problem not only in the framework of the Czech legislation but also in cooperation with other countries.