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Beverages 2015, 1(4), 320-328; doi:10.3390/beverages1040320

The Effect of Entry into the European Union on the Slovak Beer Industry and Its Consequences for the Tax Taken from the Excise Duty on Beer

Department of Finance, Faculty of National Economics, University of Economics in Bratislava, Dolnozemská cesta 1, Bratislava 852 35, Slovakia
Academic Editor: Edgar Chambers
Received: 11 August 2015 / Revised: 4 November 2015 / Accepted: 13 November 2015 / Published: 25 November 2015
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Abstract

The following paper is concerned with the issue of increasing the excise duty on beer and its consequences for consumption of the studied product. The aim is to demonstrate the tax burden in relation to domestic producers and beer consumption in the domestic market. The time period considered is the 16 years from 1999 to 2014. Data on consumption and the evolution of excise duty rates were compared ex post and conclusions were drawn using an analysis of economic indicators. In general, it is the case that, by increasing the rates of the duty, governments expect to see an increase in the income side of the state budget, even though increases in tax lead to reductions in consumption. This is, however, only a short-term effect and, over a longer time frame, such measures have a negative effect not only on consumption, but also on domestic production and on the tax income in the state budget. View Full-Text
Keywords: elasticity; optimal taxation; rates of excise duty; beer consumption elasticity; optimal taxation; rates of excise duty; beer consumption
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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MDPI and ACS Style

Válek, I.J. The Effect of Entry into the European Union on the Slovak Beer Industry and Its Consequences for the Tax Taken from the Excise Duty on Beer. Beverages 2015, 1, 320-328.

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