A Firm Lower Bound Characteristics And Impact Of Corporate Minimum Taxation
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A Firm Lower Bound Characteristics And Impact Of Corporate Minimum Taxation
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Author : Aqib Aslam
language : en
Publisher: International Monetary Fund
Release Date : 2021-06-08
A Firm Lower Bound Characteristics And Impact Of Corporate Minimum Taxation written by Aqib Aslam and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-06-08 with Business & Economics categories.
This paper examines the role of minimum taxes and attempts to quantify their impact on economic activity. Minimum taxes can be effective at shoring up the corporate tax base and enhancing the perceived equity of the tax system, potentially motivating broader taxpayer compliance. Where political and administrative constraints prevent reforms to the standard corporate income tax, a minimum tax can help mitigate base erosion from excessive tax incentives and avoidance. Using a new panel dataset that catalogues changes in minimum tax regimes over time around the world, firm-level analysis suggests that the introduction or reform of a minimum tax is associated with an increase in the average effective tax rate of just over 1.5 percentage points with respect to turnover and of around 10 percent with respect to operating income. Minimum taxes based on modified corporate income lead to the largest increases in effective tax rates, followed by those based on assets and turnover.
International Corporate Tax Reform
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2023-02-06
International Corporate Tax Reform written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-02-06 with Business & Economics categories.
To relieve the pressure on the outdated international corporate tax system, an ambitious reform was agreed at the Inclusive Framework (IF) on Base Erosion and Profit Shifting in 2021, with now 138 jurisdictions joining. It complements previous efforts to mitigate profit shifting by addressing the challenges of the digitalization of the economy through a new allocation of taxing rights to market economies (Pillar 1) and tax competition through a global minimum corporate tax (Pillar 2). This paper concludes that the agreement makes the international tax system more robust to tax spillovers, better equipped to address digitalization, and modestly raises global tax revenues.
How To Design A Presumptive Income Tax For Micro And Small Enterprises
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Author : Jean-François Wen
language : en
Publisher: International Monetary Fund
Release Date : 2023-06-29
How To Design A Presumptive Income Tax For Micro And Small Enterprises written by Jean-François Wen and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-06-29 with Business & Economics categories.
Turnover taxes are prevalent in developing countries as a simple form of presumptive taxation of business income. Such simplified tax regimes can reduce the relatively high compliance costs of micro and small enterprises, which might otherwise discourage entrepreneurs from formalizing their activities and paying taxes. The note addresses design issues for a turnover tax regime—which taxes it replaces, what the criteria are for eligibility, how to determine the optimal threshold, and how to set the tax rate. A key observation is that, although low turnover tax rates may incite larger firms to artificially reduce their sales, the rate should also not be so high as to discourage formalization of activities. A table of tax rates and turnover thresholds observed internationally is provided. The note concludes by suggesting analytical steps to guide practitioners in designing turnover tax regimes.
Keeping It Simple Efficiency Costs Of Fixed Margin Regimes In Transfer Pricing
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Author : Sebastian Beer
language : en
Publisher: International Monetary Fund
Release Date : 2022-09-23
Keeping It Simple Efficiency Costs Of Fixed Margin Regimes In Transfer Pricing written by Sebastian Beer and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-09-23 with Business & Economics categories.
Simplifying tax policy comes with costs and benefits. This paper explores simplification options for the taxation of MNEs, an area where administrative and compliance costs of the current rules are large. Simplified approaches seek to reduce these costs by relying on an approximation of the true tax base, potentially distorting resource allocation. We examine the efficiency cost of transfer pricing simplification theoretically and empirically. Using a sample of 300,000 firms located in 22 countries, we estimate that common transfer pricing practices reduce efficiency between 0.25 and 2.2 percent of total factor productivity across sectors. Focusing on the manufacturing sector, we then observe that simplification more than doubles sectoral inefficiency on average. However, large differences exist, with moderate efficiency costs in several sectors.
How To Achieve Inclusive Growth
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Author : Valerie Cerra
language : en
Publisher: Oxford University Press
Release Date : 2022
How To Achieve Inclusive Growth written by Valerie Cerra and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with Business & Economics categories.
This authoritative book explains the sources and scale of current economic challenges and proposes solutions to craft a brighter future by building a sustainable, green, and inclusive society in the years ahead.
Influence Of Wto And Global Dynamics On Trade Flows
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Author : Debashis Chakraborty
language : en
Publisher: Springer Nature
Release Date : 2024-10-10
Influence Of Wto And Global Dynamics On Trade Flows written by Debashis Chakraborty and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-10-10 with Business & Economics categories.
p=""This book is a machine-generated literature overview that explores the impact of the World Trade Organization (WTO) on international trade and its development. It looks at international trade before and after 1995 when WTO was established. It highlights the journey of the reciprocity-based reforms under WTO that were expected to help the developing and less developed countries (LDCs) more vis-à-vis their developed counterparts, given the existence of systemic and structural bottlenecks in the latter territories. The enabling steps were further expected to promote exports from developing countries and LDCs in line with their comparative advantage patterns, enhance the wage level and in turn, facilitate development of local population. The book showcases how during the first decade after WTO inception, a considerable progress was made for facilitating exports from the lower and lower-middle income countries through crucial provisions like less than full reciprocity (LTFR), Generalized System of Preferences (GSP), support measures under Aid for Trade, zero duty preferences under Special and Differential Treatment (SDT) and so on. However, the pace of WTO reforms has slowed down in the aftermath of the sub-prime crisis in 2008-09 and subsequent focus on formation of regional trade agreements (RTAs). In particular, in the aftermath of Covid-19, a trend towards de-globalization has been noticed, with considerable ramifications for the development of lower-income countries. In this background, there is a need to analyze how the deepening of trade flows and the subsequent de-globalization waves in the global canvas have traversed different paths in different continents and draw the appropriate lessons for the understanding the trade-development interlinkage therein. With insightful observations from the human editors, this machine-generated overview would be of interest to academicians, policy research community, advisory research community, and students ofinternational trade globally. ^
Aportes Al Debate Sobre La Tributaci N En Am Rica Latina
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Author : Oscar Cetrángolo
language : es
Publisher: EUDEBA
Release Date : 2024-08-01
Aportes Al Debate Sobre La Tributaci N En Am Rica Latina written by Oscar Cetrángolo and has been published by EUDEBA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-08-01 with Business & Economics categories.
A lo largo de la historia, pocos temas de política económica han despertado tan intensos debates y conflictos como la tributación. En América Latina, la muy desigual distribución de la riqueza y el elevado grado de informalidad en sus economías obligan a revisar, de manera permanente, la capacidad de los Estados para recaudar más y mejores impuestos que sirvan como base de un adecuado financiamiento de las diversas políticas públicas. Habiéndose alcanzado importantes avances en materia de ingresos públicos durante las últimas décadas, persiste la fuerte necesidad de mejorar la solvencia fiscal y la equidad en las sociedades a través de la tributación. Precisamente, esta publicación tiene por objeto actualizar la información y los principales argumentos para lograr una mejor tributación en América Latina. A su vez, esta obra también fue pensada como un homenaje a Juan Carlos Gómez Sabaini, destacado tributarista argentino, quien fuera uno de los animadores más activos de estos debates en la región durante el último medio siglo. Esta obra ha logrado reunir los aportes de un amplio conjunto de reconocidos especialistas en la materia tributaria –todos ellos vinculados con distintos momentos de la trayectoria de Gómez Sabaini– los cuales ofrecen una revisión de las variadas temáticas que requieren ser tenidas en cuenta al momento de plantear mejoras en el impacto de los impuestos en la región. De manera especial, algunas contribuciones están destinadas al análisis de la situación particular de la Argentina, probablemente uno de los ejemplos más ilustrativos acerca de la complejidad, la relevancia y la actualidad de estos debates.
Taxation And Economic Performance
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Author : Willi Leibfritz
language : en
Publisher: OECD
Release Date : 1997
Taxation And Economic Performance written by Willi Leibfritz and has been published by OECD this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Fiscal policy categories.
This paper reviews the theoretical and empirical literature on the effects of taxation on economic performance, adds marginally to the empirical literature, and draws conclusions for tax policy in OECD countries.
International Business Taxation
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Author : Sol Picciotto
language : en
Publisher: Praeger
Release Date : 1992-03-02
International Business Taxation written by Sol Picciotto and has been published by Praeger this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992-03-02 with Business & Economics categories.
This book is a study on the historical development and current status of international tax law in several of the world's most important trading economies. The book emphasizes the laws and policies of the United States, Western Europe, the United Nations, and the OECD. Chapter eight contains a discussion of transfer pricing. Chapter ten addresses the internationalization of tax administrations, contains information relating to tax havens, anti-tax haven legislation, transfer pricing, and tax treaties. Other chapters cover the history, principles and policies of international tax laws; the past and present status of the international tax treaty system; international tax avoidance; the problems created by tax deferrals; worldwide unitary tax issues; and global business and international fiscal laws.
Tax Law Design And Drafting
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Author : Mr. Victor Thuronyi
language : en
Publisher: International Monetary Fund
Release Date : 1996-08-23
Tax Law Design And Drafting written by Mr. Victor Thuronyi and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996-08-23 with Business & Economics categories.
Edited by Victor Thuronyi, this book offers an introduction to a broad range of issues in comparative tax law and is based on comparative discussion of the tax laws of developed countries. It presents practical models and guidelines for drafting tax legislation that can be used by officials of developing and transition countries. Volume I covers general issues, some special topics, and major taxes other than income tax.