Technology and effective tax rates: innovative approaches to tax burden

The indicators of the effective tax burden on corporations present effective tax rates, taking into account the impact of all the design features mentioned in the legislation. The paper addresses the issue of effective taxation through the method of calculating EMTR and EATR with a focus on intangible assets in 2004, 2015 and 2023. The analysis determined the tax depreciated shield, which tracked the amount of tax savings on capital investment and the economic rent of the project with taxation, focusing on the magnitude of the financial benefit of the project with an aspect on taxation. The analysis showed that a 3% increase in the statutory rate over the study period, increased the effective average corporate rate on intangible assets by 13.56%. The annual tax saving achieved for 2023 on intangible assets was at 17.17% with a payback period of five years.