Presumptive Income Taxation
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Presumptive Taxation
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Author : Mr.S. Nuri Erbas
language : en
Publisher: International Monetary Fund
Release Date : 1993-08-01
Presumptive Taxation written by Mr.S. Nuri Erbas 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 1993-08-01 with Business & Economics categories.
Presumptive taxation has been adopted in many countries to tax hard-to-tax activities and reduce evasion. Further, in view of the possible efficiency gains from such techniques, a case can be made for adopting presumptive taxation of global income. This paper addresses two questions. First, could revenue be increased by adopting presumptive tax methods? Second, would presumptive income taxation contribute to macroeconomic instability because it lacks the automatic stabilizer property of standard progressive income taxation? Two simple models suggest that there is scope for increasing revenue under presumptive taxation without necessarily undermining economic stability. The relevance of the first model for presumptive excise taxation in Pakistan is also examined.
Presumptive Income Taxation
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Author : Mr.Vito Tanzi
language : en
Publisher: International Monetary Fund
Release Date : 1987-08-01
Presumptive Income Taxation written by Mr.Vito Tanzi 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 1987-08-01 with Business & Economics categories.
This paper discusses assessment of income on the basis of approximate indicators as opposed to conventional records. Such a method of assessment, known as presumptive income taxation, is widely used in many developing and industrial countries; however, it has been neglected in public finance literature. In most cases the presumptive approach has been followed for administrative reasons, but this paper argues that more attention should be paid to the efficiency implications of presumptive taxes.
Presumptive Taxation For Professional Small Businesses
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Author : CA GOPAL SINGH NEGI
language : en
Publisher: Mytaxdost (A Brand of Invento 360 PVT LTD)
Release Date : 2020-11-08
Presumptive Taxation For Professional Small Businesses written by CA GOPAL SINGH NEGI and has been published by Mytaxdost (A Brand of Invento 360 PVT LTD) this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-11-08 with Law categories.
A new era, a new buzz word – BE YOUR OWN BOSS or Quit 9 to 5 Rat Race” As per the Global Freelancer Income Report, 2020 - 83% of freelancers work from home, and only 17% like to work from coffee shops, co-working spaces, library & private offices. 70% of freelancers are under the age of 35. The most interesting fact is 21% of freelancers are under the age of 25. In today’s world, there are multiple ways of earning. For example, you can earn money through YouTube, Podcast, Blogging, Affiliate Marketing, Online Coaching, and Digital Marketing Agency along with traditional jobs like Doctor or Engineering. While starting your own business or profession, the main problem before each one above is a lack of information related to Income Tax. Not being from a commerce background, this problem could multiple. So, there is a higher chance of getting mislead. Sometimes such feeling arises whether we are enjoying our business or doing paper filing. Another side of the story, at the initial stage, as you have less funds so you can’t afford a full-time accountant and services of any Chartered Accountant. Most of the time legal tax terminologies look like a foreign language. If you are resonating with this then this book is for you. It is a complete tax mastery course for you. This book is written by CA. Gopal Singh Negi & CA. Kamlesh K Chaursiya, both having more than 12 years of experience working with Startup and SME. This book covers 12 practical examples and 10 critical frequently asked questions compiled over so many years. This book is specially written for people from a non-taxation background. Even basic terminology is explained in a very lucid manner like turnover, income, financial year, assessment year, etc. This e-book will be helpful for Youtuber Blogger Affiliate Marketer Digital Marketing Agency Owner Doctor Engineer Artist or Video Editor IT Professionals Freelancer HR Contractor etc This e-book covers everything about Income Tax for small businesses like: Computation of Income Tax How to Pay Income Tax Income Tax Returns So, if you want to Master in Taxes, SCROLL UP and click on the BUY NOW button at the top of the page.
Presumptive Taxation In Sub Saharan Africa
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Author : Mr.Günther Taube
language : en
Publisher: International Monetary Fund
Release Date : 1996
Presumptive Taxation In Sub Saharan Africa written by Mr.Günther Taube 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 with Business & Economics categories.
This paper analyses presumptive taxation methods and their application in Sub-Saharan Africa. Presumptive taxation involves simple techniques to capture domestic transactions and sources of income that frequently escapes conventional taxation.
The Taxation Of High Income Earners
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Author : Mr.Parthasarathi Shome
language : en
Publisher: International Monetary Fund
Release Date : 1993-12-01
The Taxation Of High Income Earners written by Mr.Parthasarathi Shome 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 1993-12-01 with Business & Economics categories.
The 1980s trends were to lower marginal personal income tax rates, scale down rate structures, and apply the highest rate at lower levels of per capita GDP. In the 1990s, driven by fiscal deficits and unemployment, and difficulty in linking high marginal rates to low incentives or revenue productivity, tax authorities are again demonstrating an interest in increasing marginal rates. This will burden those that are correctly paying the tax. Instead, equity and revenue productivity should be improved through minimum taxes, presumptive taxes, adequate inclusion of capital income in the tax base, revitalization of property taxes, and selected luxury taxes.
Jurisdiction To Tax Corporate Income Pursuant To The Presumptive Benefit Principle
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Author : Eva Escribano
language : en
Publisher: Kluwer Law International B.V.
Release Date : 2019-05-10
Jurisdiction To Tax Corporate Income Pursuant To The Presumptive Benefit Principle written by Eva Escribano and has been published by Kluwer Law International B.V. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-05-10 with Law categories.
Jurisdiction to Tax Corporate Income Pursuant to the Presumptive Benefit Principle intends to demonstrate that the profit shifting phenomenon (i.e., the ability of companies to book their profits in jurisdictions other than those that host their economic activities) is real, severe, undesirable, and above all, the natural consequence of both the preservation of three fundamental paradigms that have historically underlain corporate income taxes and their precise legal configuration. In view of this, the book submits a number of proposals in relation to the aforementioned paradigms and in the light of the suggested “presumptive benefit principle” so as to counteract profit shifting risks and thus attain a more equitable allocation of taxing rights among States. This PhD thesis obtained the prestigious European Academic Tax Thesis Award 2018 granted by the European Commission and the European Association of Tax Law Professors. What’s in this book: This book provides a disruptive discourse on tax sovereignty in the field of corporate income taxation that endeavors to escape from long-standing tax policy tendencies and prejudices while considering the challenges posed by a globalized (and increasingly digitalized) economy. In particular, the book offers an innovative perspective on certain deep-rooted paradigms historically underlying corporate income taxation: tax treatment of related parties within a corporate group along with the arm’s-length standard; corporate tax residence standards; and definition of source for corporate income tax purposes, with a particular emphasis on the permanent establishment concept. The book explores their respective origins, supposed tax policy rationales, structural problems and interactions; ultimately showing how the way tax jurisdiction is currently defined through them inherently tends to trigger profit shifting outcomes. In view of the conclusions of the study, the author suggests the use of a new version of the traditional benefit principle (the “presumptive benefit principle”) that would contribute to address the profit shifting phenomenon while serving as a practical guideline to achieve a more equitable allocation of taxing rights among jurisdictions. Finally, the book submits a number of proposals inspired by the aforementioned guideline that aspire to strike a balance between equity, effectiveness and technical feasibility. They include a new corporate tax residence test and, most notably, a proposal on a new remote-sales permanent establishment. How this will help you: With its case study (based on the Apple group) empirically demonstrating the existence of the profit shifting phenomenon, its clearly documented exposure of the reasons why traditional corporate income tax regimes systematically give rise to these outcomes, its new tax policy guideline and its proposals for reform, this book makes a significant contribution to current tax policy discussions concerning corporate income taxation in cross-border scenarios. It will be warmly welcomed by all concerned—policymakers, scholars, practitioners—with the greatest tax policy challenges that corporate income taxation is facing in the contemporary world.
Presumptive Income Taxation
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Author : Milka Casanegra de Jantscher
language : en
Publisher:
Release Date : 2006
Presumptive Income Taxation written by Milka Casanegra de Jantscher and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
This paper discusses assessment of income on the basis of approximate indicators as opposed to conventional records. Such a method of assessment, known as presumptive income taxation, is widely used in many developing and industrial countries; however, it has been neglected in public finance literature. In most cases the presumptive approach has been followed for administrative reasons, but this paper argues that more attention should be paid to the efficiency implications of presumptive taxes.
Designing A Presumptive Income Tax Based On Turnover In Countries With Large Informal Sectors
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Author : Feng Wei
language : en
Publisher: International Monetary Fund
Release Date : 2023-12-22
Designing A Presumptive Income Tax Based On Turnover In Countries With Large Informal Sectors written by Feng Wei 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 2023-12-22 with Business & Economics categories.
Turnover (sales) is frequently used in developing countries as a presumptive income tax base, to economize on the costs of tax administration and taxpayer compliance. We construct a simple model where a size threshold separates firms paying turnover tax from those paying profit tax (regular income tax), and where firms have the option of producing in the untaxed, informal sector. The optimal turnover tax rate trades off two policy concerns: reducing informality and avoiding strategic reductions in sales by firms seeking to remain below the threshold for the profit tax. We provide analytical results and calibrate the model to compute the optimal policy using realistic parameter values. The optimal turnover tax rate for countries with large informal sectors is found to be around 2.5% across most scenarios, while the threshold separating the turnover tax regime from profit tax lies for the most part between $65,000 and $95,000. Introducing an optimally designed turnover tax reduces the rate of informality of businesses by about 12 percentage points in the calibrated model.
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.
Presumptive Income Taxation Proceedings Of A Seminar Held In New Delhi In 1997 During The 51st Congress Of The International Fiscal Association
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Author : International Fiscal Association Staff
language : en
Publisher: Springer
Release Date : 1998-12-22
Presumptive Income Taxation Proceedings Of A Seminar Held In New Delhi In 1997 During The 51st Congress Of The International Fiscal Association written by International Fiscal Association Staff and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-12-22 with Business & Economics categories.
Proceedings of a seminar held in New Delhi in 1997 during the 51st Congress of the International Fiscal Association. The papers in this volume reflect the broad diversity of types of presumptive taxation in use today.