Does a VAT rise harm the tourism industry?Portuguese evidence

Mateus, Cesário; Mateus, Irina B.

doi:10.1016/j.tourman.2020.104234

Cited by 3 publications

(3 citation statements)

References 22 publications

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“…A significant action was the increase of VAT for food and restaurant meals from 13% to 23% announced by the government in July 2015 and then to 24% and with a similar increase for hotel accommodation from 6.5% to 13%. This action has had an impact on the economy, hampering economic growth and costing thousands of jobs and businesses (Mateus & Mateus, 2021). Specifically, as tourism is the sector of the economy in which works one in five Greek adults and is constantly growing (Antonakakis et al, 2015).…”

Section: The Tax System In Tourismmentioning

confidence: 99%

“…Specifically, as tourism is the sector of the economy in which works one in five Greek adults and is constantly growing (Antonakakis et al, 2015). As a result, tourism has been considered by Greek companies as an industry that should help start the economy (Mateus & Mateus, 2021). However, the increased tax burden for the tourist package that has emerged in recent years, has led to a reduction in profits of hotel businesses by 50% due to competitiveness.…”

Section: The Tax System In Tourismmentioning

confidence: 99%

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Tax Evasion in Hospitality Industry: Institutional Deficit, Mentality or Necessity?

Marinakos¹,

Pistikou²,

Papaioanou³

2022

Bulletin of Applied Economics

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This paper focused on the study and analysis of the phenomenon of tax evasion in Greek hospitality companies (hotels). Its main research objective was to investigate the degree of tax evasion of hotel companies, to examine its causes, its implications and how to deal with it. The processing of the replies given shows that a large proportion of hoteliers consider that businesses are 'over-taxed', while a common belief is that if a more favourable tax treatment were to apply it would lead to a strengthening of the overall conscience/ideological perception in favour of the institution of taxation. Finally, it is necessary to take measures to deal more rationally with tourism enterprises and to review the taxation policies of hotel companies as a tool to support them in times of crisis such as the current Covid-19 pandemic. Keywords: Tax evasion, Over- taxed, Hospitality companies, Taxation policies.

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Section: The Tax System In Tourismmentioning

confidence: 99%

Section: The Tax System In Tourismmentioning

confidence: 99%

Tax Evasion in Hospitality Industry: Institutional Deficit, Mentality or Necessity?

Marinakos¹,

Pistikou²,

Papaioanou³

2022

Bulletin of Applied Economics

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“…The Wilcoxon test is commonly used to compare the medians of variables belonging to two groups. In the literature on the subject, the Wilcoxon test was used to compare the median return on assets (EBITDA / assets) (Fu and Ogura, 2019), financial liquidity (Mateus and Mateus, 2021), EBIT margin (Li et al, 2019), or comparisons resulting from the implementation IFRS 8 (Göttsche et al, 2021).…”

Section: Conceptual Research Model and Hypotheses Developmentmentioning

confidence: 99%

Does Adoption of Latest Modifications of IAS 16 Influence on Company’s Profitability? Evidence from European Companies

Luty¹,

Petković²

2021

ERSJ

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Purpose: This study aims to investigate the influence of applying IFRS on European companies' profitability. The research focuses on adopting the new IFRS 16, specifically the accounting treatment of leases. The new standard introduces revolutionary changes in the treatment of leasing contracts. Many companies have moved away from IFRS, so it is essential to check the impact of IFRS on other companies. Design/Methodology/Approach: The study includes an analysis of two periods, before and after implementing IFRS 16 (leasing). In the study, we focus on specific sectors of economic activity. We examine the distributions of individual variables and compare the medians using parametric and non-parametric tests. The survey results indicate whether the implementation of IFRS 16 negatively affected the results of the companies. Findings: The study proves that adopting new IAS 16 related to leases does not negatively influence companies' profitability than the previous treatment of this financial position within financial statements. This study confirms that European companies improve profitability by adopting new modifications of the IAS 16. Practical Implications: The study represents a motive for managers to accept new accounting treatments of leases that will create tangible value and generate further economic benefits. Originality/Value: We examined companies implementing new assumptions for the recognition of leasing. Contrary to the numerous voices of practitioners pointing to the negative effects of the implementation of IFRS 16, we showed that the implementation of IFRS 16 did not significantly change the profitability of companies. Thus, it can be indicated that the primary objective of introducing IFRS 16, to organize the recognition of company assets, has been met.

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COVID-19 Pandemic in the V4 Countries: An Empirical Investigation of Variations across Firm Sizes and Business Sectors

et al. 2022

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Does a VAT rise harm the tourism industry?Portuguese evidence

Cited by 3 publications

References 22 publications

Tax Evasion in Hospitality Industry: Institutional Deficit, Mentality or Necessity?

Tax Evasion in Hospitality Industry: Institutional Deficit, Mentality or Necessity?

Does Adoption of Latest Modifications of IAS 16 Influence on Company’s Profitability? Evidence from European Companies

COVID-19 Pandemic in the V4 Countries: An Empirical Investigation of Variations across Firm Sizes and Business Sectors

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