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Laffer Curves and Home Production

\frac {1 - \tau^{n}}{1 + \tau^{c}}, \end{array}$ which, in turn, implies that, for example, 30% labor income tax rate is as distorting as 43% consumption tax rate and so forth. 1 − 30 % 1 + 0 % ≈ 1 − 0 % 1 + 43 % $\begin{array}{} \displaystyle \frac {1 - 30\text\%}{1 + 0\text\% } \approx \frac {1 - 0\text\%}{1 + 43\text\% } \end{array} $ Figure 5 Iso Tax Revenue Curves when τ k = 0 The Iso Tax Revenue Curves in Figure 5 are plotted so that each curve to the right is at 10% lower aggregate tax revenue level. This illustrates the trade

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Debt Shifting and Thin-Capitalization Rules – German Experience and Alternative Approaches

Zinsschranke? Eine empirische Untersuchung zur Identifikation der Einflussfaktoren. Zeitschrift für Betriebswirtschaft 79, 503-526. Blouin J., Huizinga H., Laeven L. and Nicodeme G., 2014. Thin Capitalization Rules and Multinational Firm Capital Structure. CentER Discussion Paper No. 2014-007. Boadway R. and Bruce N., 1984. A General Proposition on the Design of a Neutral Business Tax. Journal of Public Economics 11, 93-105. Broer M., 2009. Ziele, Wirkungsweise und Steueraufkommen der neuen Zinsschranke. Schmollers Jahrbuch 129

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Corporate tax in an international environment – Problems and possible remedies

Konrad K. (2013), The Theory of International Tax Coordination and Competition. In Auerbach A. J., Chetty R., Feldstein M. and Saez E. (eds.) Handbook of Public Economics, Volume 5, 257-328, Elsevier. Lindhe T. and Södersten J. (2012), The Norwegian shareholder tax reconsidered. International Tax and Public Finance 19, 424-441. Lodin S.O. (2014), An Overview of the Proposal of the Swedish Government Committee on Corporate Taxation. Nordic Tax Journal 2014:2, 43-54. Lohse T., Riedel N. and Spengel C. (2012), The Increasing

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Permanent Establishment for Investors in Private Equity Funds—A Legal Analysis in Light of the Changes to the OECD Model (2017)

retrenchment in the target companies, unsustainable debt levels, compensation levels of fund managers, and, last but not least, tax issues. Cf. J. Robertson, Private Equity Funds , 14 New Political Economy 4, p. 545-555 (2009), and H. Ordower, The Regulation of Private Equity, Hedge Funds, and State Funds , 58 The American Journal of Comparative Law (supplement), p. 295-321 (2010). For a broader analysis of the development of private equity in Europe, see N. Badu & M. Montalban, Analyzing the uneven development of private equity in Europe: legal origins and diversity of

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A review of earnings management in private firms in response to tax rate changes

Review 17 447 469 Walker, M., 2013. “How far can we trust earnings numbers? What research tells us about earnings management” Accounting and Business Research 43: 445–481. 10.1080/00014788.2013.785823 Walker M. 2013 “How far can we trust earnings numbers? What research tells us about earnings management” Accounting and Business Research 43 445 481 Watrin, C., Ebert, N., Thomsen, M., 2014. “One–book versus two–book system: Learnings from Europe” The Journal of the American Taxation Association 36: 55–89. 10.2308/atax-50769 Watrin C. Ebert N. Thomsen M. 2014 “One

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When the international lawyers get to be heard – the story of tax treaty interpretation as told in Sweden

treaty. Both assumptions are founded on a misconception. The ultimate purpose when interpreting a treaty, as described in Articles 31–33 of the VCLT, is to establish the intentions of the treaty parties–or more accurately, the meaning that the parties intended the treaty to communicate. See, for example, Navigational and Related Rights (n. 18), p. 242, para. 43. The purpose of the treaty interpretation process is thus the same as the purpose of understanding just any verbal utterance. As long emphasized by linguistics, in order for a reader or a listener to

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The Nordic model: 25 years of drawing the line between earned and capital income in Finland

, the overall impact of taxation varies a lot depending on which type of a company pays dividends to which type of a shareholder. For example, in the case of a public listed company and a natural person as shareholder, the combined tax burden is 40.4–43.12%, depending on whether the person’s capital income is below or above EUR 30,000. Let us assume that the company’s taxable profit is 100X. When the company pays 20% corporate taxes, or 20X, after this, 80X will be distributed to the shareholders. According to Income Tax Act Section 33 a, 85% of the paid dividend is

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The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS—Some Thoughts on Complexity and Uncertainty

residence for taxpayers other than individuals and is based on the new text of Article 4(3) of the OECD Model Tax Convention, which has been included in the 2017 version of the model treaty. The goal is to ensure that a taxpayer shall be considered a resident of only one contracting state. This shall be achieved by means of a mutual agreement procedure. Furthermore, Article 4 of the MLI provides that, if the contracting states cannot come to an agreement, the taxpayer shall not be entitled to tax relief under the treaty, except to the extent agreed upon by the competent

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Good Tax Governance: A Matter of Moral Responsibility and Transparency

Irresponsible?” Intertax 43 10 544 58 Perrini, Francesco, Sandro Castaldo, Nicola Misani, and A. Tencati. 2010. “The Relationship Between Corporate Responsibility and Brand Loyalty in Retailing: The Mediating Role of Trust.” In Global Challenges in Responsible Business , edited by N. Craig Smith, C. B. Bhattacharya, David Vogel, David I. Levine, 191-214. Cambridge: Cambridge University Press. Perrini Francesco Sandro Castaldo Nicola Misani Tencati A. 2010 “The Relationship Between Corporate Responsibility and Brand Loyalty in Retailing: The Mediating Role

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Tax Planning in Partner-owned Close Corporations

a naked-in–naked-out basis. 4.3 The Tax Agency vs. pwc 4.3.1 The pwc ruling Around the time when the government demonstrated its commitment to fairness by introducing regulations against tax planning in partner-owned companies, the Tax Agency also decided to test whether the tax planning was compatible with current laws and regulations. As the pilot case, it chose the accounting firm pwc. In December 2012, it estimated higher payroll taxes for the company on the grounds that employees had acquired shares in the company at what was allegedly below market

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