Tax eJournal最新文献_第5页

The Impact of the Financial Crisis on Tax Avoidance around the Global Financial Crisis in the Companies Accepted in Tehran Stock Exchange 金融危机对全球金融危机期间在德黑兰证券交易所上市公司避税的影响

Tax eJournal Pub Date : 2019-10-01 DOI: 10.2139/ssrn.3498639

Shaho Heidari Gandoman

引用次数: 0

Simulating the Growth Effects of the Corporate Income Tax Rate Cuts in Alberta 模拟阿尔伯塔省企业所得税率下调的增长效应

Tax eJournal Pub Date : 2019-09-25 DOI: 10.11575/SPPP.V12I0.69131

Bev Dahlby, Ergete Ferede

引用次数: 2

The Value of Tunneling: Evidence from Master Limited Partnership Formations 挖掘的价值:来自有限合伙企业的证据

Tax eJournal Pub Date : 2019-09-09 DOI: 10.2139/ssrn.2658373

A. Mandell

{"title":"The Value of Tunneling: Evidence from Master Limited Partnership Formations","authors":"A. Mandell","doi":"10.2139/ssrn.2658373","DOIUrl":"https://doi.org/10.2139/ssrn.2658373","url":null,"abstract":"Shareholders of publicly-traded subsidiaries are potentially susceptible to expropriation (tunneling) by parent companies (Atanasov, Boone, and Haushalter, 2010). Recent study suggests that this could be particularly true among U.S. master limited partnerships (“MLPs”), where there is often substantial divergence between the control rights and cash-flow rights of parent firms, through their general partner interests (Atanassov and Mandell, 2018). Although the negative impact of tunneling on controlled firms is documented in the literature, little is known about the valuation consequences of tunneling for parent corporations. Changes to the MLP agency environment over the prior two decades—namely, the allowance of modifications to fiduciary duty and the introduction of incentive distribution rights—have likely increased the incentive and opportunity for tunneling, and provide a rich setting for addressing this question. Using a sample of MLPs formed from corporate assets, I examine the effects of changing tunneling incentives on stock returns of parent corporations announcing the formation of MLPs. I document significantly higher announcement period returns for MLP formations after these changes, which, in concert with additional testing, suggests that parent corporation shareholders benefit from the increased ability to tunnel the assets of the MLP.","PeriodicalId":22313,"journal":{"name":"Tax eJournal","volume":"65 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-09-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84454555","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

Stock Repurchases and the 2017 Tax Cuts and Jobs Act 股票回购和2017年减税和就业法案

Tax eJournal Pub Date : 2019-08-27 DOI: 10.2139/ssrn.3443656

Benjamin Bennett, Zexi Wang

引用次数: 8

Commercial Property Tax Incidence: Evidence from Urban and Suburban Office Rental Markets 商业物业税的发生率:来自城市和郊区办公室租赁市场的证据

Tax eJournal Pub Date : 2019-08-01 DOI: 10.2139/ssrn.2993371

Lyndsey Rolheiser

引用次数: 0

Transparency and Tax Evasion: Evidence from the Foreign Account Tax Compliance Act (FATCA) 透明度与逃税:来自《外国账户税收遵从法案》(FATCA)的证据

Tax eJournal Pub Date : 2019-07-31 DOI: 10.2139/ssrn.3037426

L. De Simone, Rebecca Lester, Kevin S. Markle

引用次数: 47

Tax Evasion in Cameroon: Causes and Remedies 喀麦隆的逃税:原因和补救措施

Tax eJournal Pub Date : 2019-07-01 DOI: 10.2139/ssrn.3433386

Muka Samuel, Michael Forzeh Fossung

{"title":"Tax Evasion in Cameroon: Causes and Remedies","authors":"Muka Samuel, Michael Forzeh Fossung","doi":"10.2139/ssrn.3433386","DOIUrl":"https://doi.org/10.2139/ssrn.3433386","url":null,"abstract":"The Cameroon government imposes charges on citizens and corporate bodies called taxes in a bid to raise funds to pay for public services or facilities. It also uses taxation in the redistribution of wealth, and in encouraging or discouraging the consumption of some goods and services. In a circular No. 001/C/MINFI of 2 nd January 2018 by the Ministry of Finance of Cameroon, stringent measures were undertaken regarding the detection of “concealed” income or tax evasion, a phenomenon that stifles government efforts in realising its tax objectives. As a consequence, this study sought to investigate the causes of tax evasion in Cameroon and propose remedies. Data was collected through a survey carried out in the cities of Douala, Bafoussam and Bamenda, and analysed using the Ordinary Least Square (OLS) estimation technique. The empirical results were of positive and statistical significance and revealed that tax evasion in Cameroon is caused by high tax rates, complex and opaque tax laws, inefficient and corrupt tax inspectors, low income of taxpayers, evasion benefits outweighing detection penalties, poor perception of the judicial system and dissatisfaction with the quality and magnitude of public services and goods. Remedies proposed were that there should be a reduction and clear justification of tax rates, simplification of tax laws and effective education of taxpayers, creation of a more conducive business environment to boost business income, raise tax penalties, identify and deal with inefficient and corrupt tax authorities, liberate the judiciary to be truly independent to show proof of fairness and transparency in the treatment of tax matters and politicians being transparent and accountable for their decisions and use of public money. Tax ethics should be introduced and enforced in schools in order to build a culture of tax compliance in citizens, assiduity and honesty in tax authorities, and transparency and accountability in politicians and everyone in public offices. Keywords: Tax compliance, tax evasion, tax ethics, Cameroon. DOI : 10.7176/RJFA/10-14-08 Publication date :July 31 st 2019","PeriodicalId":22313,"journal":{"name":"Tax eJournal","volume":"26 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85552210","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Financial Derivatives, Hedge Accounting and Tax Aggressiveness in Brazil 巴西的金融衍生品、对冲会计和税收侵略性

Tax eJournal Pub Date : 2019-06-19 DOI: 10.2139/ssrn.3406683

Antonio Martinez, José Enrique Teixeira Reinoso, R. Antônio, Rogiene Batista dos Santos

{"title":"Financial Derivatives, Hedge Accounting and Tax Aggressiveness in Brazil","authors":"Antonio Martinez, José Enrique Teixeira Reinoso, R. Antônio, Rogiene Batista dos Santos","doi":"10.2139/ssrn.3406683","DOIUrl":"https://doi.org/10.2139/ssrn.3406683","url":null,"abstract":"This study investigated the relationship between the use of financial derivatives by non-financial corporations and tax aggressiveness in Brazil. In research on the American market, evidence was identified that non-financial entity users of financial derivatives were more tax aggressive. However, there is no reason to assume that this behavior is replicated in the Brazilian market, since tax legislation does not offer the same economic incentives, i.e., since it imposes limits on the tax deductibility of losses with these financial instruments, except in derivatives’ well-documented and proven use as a hedge tool. To verify this point, companies were classified into users and non-users of first-generation financial derivatives, and associated this classification with tax aggression metrics. The study focus was 384 non-financial companies listed on the B3 in the period from 2005 to 2015. The results of regression analysis using a probit estimate have pointed, in a distinctly different way than the American reality, that the most tax aggressive companies tend to use fewer financial derivatives. Nevertheless, when the use of derivative instruments as a hedge was controlled, it was found that when a company adopts hedge accounting, it is more likely it will be more tax aggressive. The result is presumably explained by the Brazilian tax treatment that authorizes the deductibility of losses, regardless of earnings, when using the derivative as a hedge.","PeriodicalId":22313,"journal":{"name":"Tax eJournal","volume":"20 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-06-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73701128","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Finances of the Nation: Taxation of Top Incomes in Canada — Recent Developments in Rates and Redistribution 国家财政:加拿大最高收入者的税收-税率和再分配的最新发展

Tax eJournal Pub Date : 2019-06-12 DOI: 10.32721/CTJ.2019.67.2.FON

M. Smart

引用次数: 0

Corporate Tax Planning and Political Costs: Peer Effects of Foreign Institutional Ownership 企业税收筹划与政治成本:外国机构所有权的对等效应

Tax eJournal Pub Date : 2019-06-01 DOI: 10.2139/ssrn.3400881

April Klein, Simone Traini, G. Voulgaris

引用次数: 0