TAX BURDEN ON COMPANIES IN SELECTED COUNTRIES

Taxes are one of the things all companies have to pay. However, taxation is a big issue for many people in today's uncertain times. The paper aims to compare taxes in Central European countries (the Czech Republic, Slovakia, Poland, Hungary, Austria, and Germany) in the years 2016-2020 and to make predictions for next years. The data used were obtained from publicly available resources - Eurostat and OECD. The situation in the individual states is compared using time series analysis, i.e. by observing the data. Based on the observation, the results are obtained using Excel. The results show that Central European countries are doing better when compared to the other EU countries in terms of taxation (i.e. lower taxes). The results also show the existence of differences between the states of the former Eastern and Western blocs in terms of taxation. According to the estimates of the taxation for the next years, taxation in Central Europe will increase slightly or remain the same in the coming years. The paper also proposes further research including a larger number of countries.