Influence of the depreciation policy on the economic growth, inflation and economic structure in the Czech Republic

The article analyses the influence of the undervalued rate of depreciation of the investment property, resulting from the Czech tax legislation, on the inflation, economic structure and economic growth. In this connection, the article also tries to analyse the high gross investment rate in money terms in the Czech Republic. The analysis results in suggestions regarding a possible change both in the depreciation policy and the policies seen as potentially capable of increasing the savings rate in the Czech Republic. The proposals aim at the modification of the tax system.