Principles of Tax Policy

Eighth Report of Session 2010-11. Report, together with formal minutes, oral and written evidence
Author: Great Britain. Parliament. House of Commons. Treasury Committee
Publisher: The Stationery Office
ISBN: 9780215556905
Category: Tax administration and procedure
Page: 65
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The Treasury Committee welcomes the Government's commitment to a new approach to tax policy making, designed to support its ambition for a more predictable, stable and simple system. But the Government has not done enough to set out the principles underlying that policy. The Committee attempts to identify these principles and considers how tax policy can best support growth. A tax system which is theoretically structured to promote growth will not succeed if businesses are faced with constant change, or if the inefficiency of collection outweighs any benefits. The report warns that a tax system which is felt to be fundamentally unfair will quickly lose political support. It also notes that the scope for tax arbitrage has grown substantially over the last quarter of a century and globalisation is likely to increase it further. A tax system which is not competitive by international standards will not support growth. Competitiveness is also not a simple matter of tax rates, although they have a bearing, but of the stability of the system as a whole. The report recommends that tax policy should be measured by reference to the following principles. Tax policy should: be fair; support growth and encourage competition; provide certainty; provide stability; be practicable, so that a person's tax liability should be easy to calculate and straightforward and cheap to collect; be coherent - new provisions should complement the existing tax system, not conflict with it.

Principles of Tax Policy

Publisher: West Academic Publishing
ISBN: 9781642420586
Page: 568
View: 2844

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The new edition of Principles of Tax Policy explains the essential building blocks of the American tax system clearly and concisely, including the effects of changes adopted in the Tax Cut and Jobs Act of 2017. Chapters range from the political process to individual and corporate income taxes, Social Security and other payroll taxes, state and local budgeting, and international tax planning. Each chapter opens with a brief description of the covered policy topic, providing a synopsis of the current state of the law. Ample footnotes provide easy access to articles and standard reference works allowing readers to dig deeper on their own.

Contemporary U.S. Tax Policy

Author: C. Eugene Steuerle
Publisher: Rowman & Littlefield
ISBN: 0877668450
Category: Political Science
Page: 344
View: 4092

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C. Eugene Steuerle, one of the country's most influential economists, offers an insider's look at tax policy based on a quarter century of working with officials of all political stripes. Steuerle outlines the principles of taxation and the early postwar period before proceeding to the tax policy battles that began with the Reagan revolution and continue today. Those expecting a simple story of triumph and defeat may be surprised. Rather than moving toward consensus and progress, tax policy history has been messy, repetitive, and often rancorous. Yet evolution-and even revolution-do occur. The second edition has been updated with a look at tax policy during the George W. Bush presidency.

Tax Policy in the Real World

Author: Joel Slemrod
Publisher: Cambridge University Press
ISBN: 9780521646444
Category: Business & Economics
Page: 515
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Leading economists and scholars discuss and debate current tax policy issues in non-technical language, illustrating how the principles of tax analysis can be applied to real-world issues. Among the topics addressed are the practical feasibility of consumption tax alternatives to the current income tax, the rationale and implications of devolution of fiscal responsibilities to state and local governments, the effect of tax policy on economic growth, and the value of local tax incentives designed to attract and retain business. This volume collects articles from the Symposium series of the National Tax Journal from 1993 to 1998.


Principles of Tax Law
Author: Sandra Eden
Publisher: N.A
ISBN: 9780414037489
Page: 576
View: 1479

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Davies: Principles of Tax Law uncovers the principles underpinning the tax system in the UK, discussing each of the major taxes in turn - income tax, capital gains tax, inheritance tax and VAT - and analysing how each tax operates. The authors explain, as simply as possible, how the UK tax system works, with reference to the relevant legislation and case law, providing readers with comprehensive knowledge of the tax system in the UK

Tax Policy Handbook

Author: Parthasrathi Shome
Publisher: International Monetary Fund
ISBN: 9781557754905
Category: Fiscal policy
Page: 318
View: 869

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Edited by Parthasarathi Shome, this Handbook was written primarily for economists who are responsible for analyzing and evaluating economic policies of developing countries at an applied level, and who would benefit from a comprehensive discussion of the concepts, principles, and prevailing issues of taxation.

Handbook on Taxation

Author: W. Bartley Hildreth
Publisher: CRC Press
ISBN: 9780824701970
Category: Political Science
Page: 1008
View: 3905

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A groundbreaking reference, this book provides a comprehensive review of tax policy from political, legal, constitutional, administrative, and economic perspectives. A collection of writings from over 45 prominent tax experts, it charts the influence of taxation on economic activity and economic behavior. Featuring over 2400 references, tables, equations, and drawings, the book describes how taxes affect individual and business behavior, shows how taxes operate as work and investment incentives, explains how tax structures impact different income groups, weighs the balanced use of sales, property, and personal income taxes, traces the influence of recent tax changes, and more.

Tax Policy in the Global Economy

Selected Essays of Peggy B. Musgrave
Author: Peggy B. Musgrave
Publisher: Edward Elgar Pub
Category: Business & Economics
Page: 470
View: 6714

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Income tax analysis extended to the arena of multinational investment . The concept of tax equity among nations is introduced and developed. The complex tax issues which arise in the case of cross-border investment are addressed.

Lehrbuch der ökonomischen Analyse des Zivilrechts

Author: Hans-Bernd Schäfer,Claus Ott
Publisher: Springer-Verlag
ISBN: 3662083132
Category: Business & Economics
Page: 569
View: 924

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Das Buch enthält die Grundlagen der ökonomischen Analyse des Rechts und ihrer Anwendung auf das deutsche Zivilrecht. Es ist eine umfassende Darstellung dieser Forschungsrichtung, in der die Normen und Regelungsprobleme mit den Mitteln ökonomischer Theorie analysiert und bewertet werden. Wichtige Argumentationsfiguren der ökonomischen Analyse des Rechts werden in die zivilrechtliche Dogmatik eingebaut. Behandelt werden zentrale Bereiche des Zivilrechts wie das Delikts-, Vertrags-, und Sachenrecht, das Immaterialgüterrecht, Grundprobleme des Konkursrechts und die Grundzüge des Unternehmensrechts. Bei der Analyse rechtlicher Regeln des Gesetzesund Richterrechts wird gezeigt, inwieweit diesen ökonomische Kriterien zugrunde liegen und wie sie für die Rechtsanwendung und -fortbildung fruchtbar gemacht werden können.

The Theory, Principles and Management of Taxation

An introduction
Author: Jane Frecknall-Hughes
Publisher: Routledge
ISBN: 1135085757
Category: Business & Economics
Page: 148
View: 8558

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There are many practical textbooks explaining how taxation is applied and calculated but few ever deal thoroughly with the theory behind the practice. This book concisely addresses the principles and theories behind taxation in an accessible and internationally relevant way. It encourages readers to think through and develop an understanding of why taxation is imposed, the different means by which it is imposed and the nature of the problems inherent in this imposition. It addresses background issues, fundamental principles and emerging topics such as: the philosophy and history of taxation; types of taxation; and international issues, including double taxation treaties, residence and transfer prices. This text is essential reading for students of taxation and provides a valuable introduction for students of business, finance and accounting.

Microeconomics: Principles and Policy

Author: William Baumol,Alan Blinder
Publisher: Cengage Learning
ISBN: 0324586221
Category: Business & Economics
Page: 488
View: 8642

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This text is well-known for using the Keynesian model in the teaching of economics; yet, in recent editions, the authors expanded coverage of the growth model considerably to achieve more balanced coverage. The text uses the aggregate supply/aggregate demand model as a fundamental tool for learning macroeconomics. It achieves the right level of rigor and detail, presenting complicated concepts in a relatively straightforward manner and using timely economic data. Using puzzles, issues, and well-developed examples, the authors provide a good balance of theory to application, allowing you to relate the materials to your everyday life. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.

International Tax Aspects of Sovereign Wealth Investors

A Source State Perspective
Author: Richard Snoeij
Publisher: Kluwer Law International B.V.
ISBN: 9041194339
Category: Law
Page: 378
View: 6191

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An increasing number of States have entered the market looking to invest resources in foreign assets. This emergence of States acting as investors, managing the wealth of a nation and competing in the marketplace with private investors, has attracted growing and wide attention. This book is the first in-depth analysis of the international tax aspects of sovereign wealth investors, and serves as a comprehensive guide to designing tax policy, from a source State perspective, toward inbound sovereign wealth investment. Drawing on a wide range of relevant sources, including international instruments, domestic tax legislation, administrative practice, (international) case law and the writings of highly qualified publicists, the author fully addresses the following aspects of the subject: – the definition, functions, legal form, governance, home State tax status, etc. of sovereign wealth investors; – tax policy considerations and objectives (i.e., neutrality, equity and international attractiveness) from a source State perspective vis-à-vis foreign sovereign wealth investors; and – the potential impact of the sovereign immunity principle, bilateral tax treaties and European (Union) law on source States’ ability to achieve these tax policy objectives in relation to foreign sovereign wealth investors. The conceptual framework developed by the author will greatly assist source States in introducing new tax policy or in evaluating or reconsidering their existing tax policy vis-à-vis foreign sovereign wealth investors. In addition, practitioners, academics and (home States of) sovereign wealth investors will welcome this first authoritative analysis of an important but insufficiently understood subject in international tax.

International Taxation of Permanent Establishments

Principles and Policy
Author: Michael Kobetsky
Publisher: Cambridge University Press
ISBN: 1139500228
Category: Law
Page: N.A
View: 6585

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The effects of the growth of multinational enterprises and globalization in the past fifty years have been profound, and many multinational enterprises, such as international banks, now operate around the world through branches known as permanent establishments. The business profits article (Article 7) of the OECD model tax treaty attributes a multinational enterprise's business profits to a permanent establishment in a host country for tax purposes. Michael Kobetsky analyses the principles for allocating the profits of multinational enterprises to permanent establishments under this article, explains the shortcomings of the current arm's length principle for attributing business profits to permanent establishments and considers the alternative method of formulary apportionment for allocating business profits.

The Future of State Taxation

Author: David Brunori
Publisher: The Urban Insitute
ISBN: 9780877666813
Category: Business & Economics
Page: 235
View: 9575

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State tax systems are facing profound challenges. Increased international trade, the advent of electronic commerce, evolving federal-state relations, and interstate competition are just some of the developments that will have a powerful influence on how states collect revenue. This collection of essays from leading tax scholars addresses a wide variety of issues concerning the major sources of state revenues.