Investor Valuations Of Japan's Adoption Of A Territorial Tax Regime: Quantifying The Direct And Competitive Effects Of International Tax Reform, Sebastien J. Bradley, Estelle Dauchy, Makoto Hasegawa
Sebastien J Bradley
Despite an extensive literature on the normative implications of different international tax regimes and an empirical literature addressing individual specific predictions, there exists little evidence encompassing the broad range of effects of taxing corporations' foreign-source income on a worldwide or territorial basis. This paper takes a more comprehensive quantitative approach by examining stock market reactions surrounding four events over the course of which Japan's 2009 adoption of a dividend exemption system was developed into proposed law. Using an event study methodology which leverages individual firm characteristics and accounts for contemporaneous financial market developments, we find that Japanese firms with ...
Hardship Withdrawals And Loans: Some Words Of Caution, 2015 University of Massachusetts Boston
Hardship Withdrawals And Loans: Some Words Of Caution, Emily G. Brown Jd, Jeanne Medeiros Jd, Ellen Bruce Jd
Pension Action Center Publications
As defined benefit pension plans become more and more rare, the responsibility of saving for retirement falls increasingly on individuals. Many studies have been published about the average or median balances in retirement savings accounts and virtually all of them have reached the same conclusion - most Americans aren’t saving enough money to last them through their retirement years.
In this fact sheet we will take a look at one of the factors that contributes to this problem, that is, the availability of loans and hardship withdrawals from 401(k) retirement accounts, which can lead to lower account balances overall ...
Splitting Specified Foreign Sourced Income Between Tax Exempt And Taxable Portions: An Optimal Solution (Part 3 Of 3), 2015 Singapore Management University
Splitting Specified Foreign Sourced Income Between Tax Exempt And Taxable Portions: An Optimal Solution (Part 3 Of 3), Teng Aun Khoo, Clement Kai Guan Tan
Research Collection School Of Accountancy
No abstract provided.
Designing Focus Groups And Experiments To Evaluate Policy Approaches And Measures For Tackling Undeclared Work, 2015 University of Sheffield
Designing Focus Groups And Experiments To Evaluate Policy Approaches And Measures For Tackling Undeclared Work, Marina Polak, Lyubomir Mishkov, Colin C. Williams
Colin C Williams
The aim of this Working Paper is to review the literature on conducting focus groups and experiments in the field of tax non-compliance and undeclared work, and then to set set a range of possible uses of focus groups and experiments to evaluate the feasibility of various policy measures in the context of Bulgaria, Croatia and Macedonia.
Assessment Limits And Timing Of Real Estate Transactions, 2015 Drexel University
Assessment Limits And Timing Of Real Estate Transactions, Sebastien J. Bradley
Sebastien J Bradley
Michigan homebuyers face large potential discontinuities in tax obligations for purchases made around January 1 and May 1 under the state's application of acquisition-value based assessment limits and principal residence (homestead) exemptions, respectively. Consistent with incentives, roughly 3.7 percent of sales concluded in the first 10 business days of January are thus attributable to timing responses among the subset of properties listed by the largest 25 percent of firms by sales volume. Underlying this effect is a willingness to stretch the number of days between contract and closing dates by an average of 2 to 4 business days ...
Problematic Self-Directed Retirement Plan Activities, 2015 Unaffiliated
Problematic Self-Directed Retirement Plan Activities, David Randall Jenkins
David Randall Jenkins
Changes in Form 5498 reporting requirements, the IRS Form 5500 amnesty program commencing June 2014, and several 2013 and 2014 Tax Court decisions signal the IRS is on the cusp of launching a major nationwide assault undertaken to correct self-directed retirement plan fiduciary abuses.
This paper is under publication consideration and, as a result, cannot be currently posted.
Prohibited Transaction Chinese Walls, 2015 Unaffiliated
Prohibited Transaction Chinese Walls, David Randall Jenkins
David Randall Jenkins
In my paper “Unveiling the Section 4975(e)(2)(G) Fiduciary Management and Investment Risk Diversification Standards” the retirement plan (self-dealing activity, incidental benefit) bright line was defined and quantified by public policy’s management and investment risk diversification standard’s general rules. Such policy compliant diversification results in transforming §§4975(c)(1)(D), (E), or (F) prohibited transaction generalized self-dealing activities into incidental benefits. Two 2013 United States Tax Court decisions, taken together, substantively teach such policy compliant diversification is a necessary predicate to transforming §§4975(c)(1)(A), (B), or (C) prohibited transaction specific self-dealing activities into incidental ...
The Formation Of A Student-Athlete Trust Fund: Compliance And Tax Implications, 2015 Georgia Southern University
The Formation Of A Student-Athlete Trust Fund: Compliance And Tax Implications, Stephanie Gratto
University Honors Program Theses
This study reviews the possible tax and compliance issues of a student athlete trust fund as proposed in the case O’Bannon v. NCAA. With the possibility of the creation of a trust fund comes a myriad of issues to consider. The following review of the literature will review pertinent literature on the topic. Interviews were conducted with athletic directors of three universities and with three tax partners in Atlanta tax firms in order to determine potential compliance and tax implications. These interviews outline possible issues and solutions that may rise from the formation of the trust.
Taxation On Morals, 2015 University of Akron
Taxation On Morals, Alex J. Fulop
Honors Research Projects
This paper discusses five (5) tax topics and their relationship to the government attempting to influence taxpayer behavior. These topics include the charitable contribution deduction, excise taxes, §179 deductions, the first-time homebuyer credit, and soil, water, and endangered species conservation expense deductions. The above aspects of tax law are the government’s way of encouraging some behaviors and discouraging others. I believe that doing so is well within the government’s rights to do. However, I also think that encouraging moral actions is different from requiring them, and they certainly should not be required.
A Burning Question: Does Arson Increase When Local House Prices Decline?, 2015 Texas Tech University
A Burning Question: Does Arson Increase When Local House Prices Decline?, Michael D. Eriksen, James M. Carson
Michael D Eriksen
We construct panel data on house prices and the determined cause of 4.8 million individual fires in the United States between 1986 and 2010 to test whether decreases in local housing market prices coincided with increases in arson. Since some insured homeowners may attempt to disguise the actual cause of fire as accidental, we also examine how decreases in local house prices are associated with changes in the total number of fires and the probability of determined causes of accidental fires. For the sample period, our results suggest that declines in local house prices coincided with increases in arson ...
An Analysis Of Individual Tax Morale For Russia: Before And After Flat Tax Reform, 2014 Fayetteville State University
An Analysis Of Individual Tax Morale For Russia: Before And After Flat Tax Reform, Bee K. Yew, Valentin B. Milanov, Robert W. Mcgee
Faculty Working Papers from the School of Business and Economics
This paper examines individual tax morale in Russia before and after the introduction of flat tax reform in 2001. The World Values (WVS) and European Values Survey (EVS) are used to compare individual tax morale in 1999, 2006 and 2011. An ordered probit regression model is applied to study the effects of socio-demographic and institutional variables on individual tax morale. A new variable for employment sector that appeared in 2006 and 2011 values surveys is included in our model. The probit regression results revealed significant coefficients for income scale and the employment sector variables with negative marginal effects on tax ...
A Study On R&D Tax Incentives: Final Report, 2014 CPB Netherlands Bureau for Economic Policy Research
A Study On R&D Tax Incentives: Final Report, Bas Straathof, Elina Gaillard Ladinska, Henk Lm Kox, Remco Mocking, Capp/Case/Cepii/Etla/Ifo/Ifs/Ihs
Henk LM Kox
The report gives an overview of R&D tax incentives in the EU Member States, Canada, Israel, Japan, Norway and the United States, analyzing them in the context of the framework of the Europe 2020 strategy. According to the report, 26 EU Member States currently have some type of fiscal encouragement for R&D. The same type of tax incentives is also offered by the OECD countries analyzed in this report. The report also observes that some countries are more similar with respect to their policies than others. The most similar pairs of countries were Denmark and Norway, Portugal and ...
The Contemporary Tax Journal: Fall 2014, Volume 4, Number 1, 2014 San Jose State University
The Contemporary Tax Journal: Fall 2014, Volume 4, Number 1, San Jose State University, Ms Taxation Program
Contemporary Tax Journal
No abstract provided.
Round-Tripping Of Domestic Profits Under The American Jobs Creation Act Of 2004, 2014 Drexel University
Round-Tripping Of Domestic Profits Under The American Jobs Creation Act Of 2004, Sebastien J. Bradley
Sebastien J Bradley
The American Jobs Creation Act of 2004 provided a substantial tax benefit to U.S. multinational corporations in the form of a temporary 85 percent deduction for repatriated dividends. An unforeseen consequence of this tax holiday may have also been to induce firms to reallocate earnings toward low-tax foreign subsidiaries for immediate repatriation and thereby escape higher rates of corporate income taxation. This unconventional form of round-tripping increased reported earnings among repatriating affiliates by an estimated $19 billion as a direct consequence of the tax holiday, suggesting moderate aggregate effects of a large temporary reduction in the repatriation tax on ...
Revenue, U.S. Government, 2014 Purdue University
Revenue, U.S. Government, Bert Chapman
Libraries Faculty and Staff Scholarship and Research
Provides a historical overview of U.S. Government revenue receipts and spending during the early years of national history. Presents revenue generation statistics, information on revenue sources, and information on domestic and international political and economic factors affecting government revenue receipts.
Policy Approaches Towards Undeclared Work: A Conceptual Framework, 2014 University of Sheffield
Policy Approaches Towards Undeclared Work: A Conceptual Framework, Colin C. Williams
Colin C Williams
The aim of this working paper is to provide a conceptual framework for understanding the policy approaches for tackling undeclared work. In doing so, the intention is to provide the structure for a future comprehensive review of the policy measures available for tackling undeclared work.
This paper is part of a series of papers associated with the project entitled ‘Out of the shadows: developing capacities and capabilities for tackling undeclared work in Bulgaria, Croatia and FYR Macedonia’. Funded by the European Commission’s Framework 7 Industry-Academia Partnerships Programme (IAPP), the objective of this project is to provide concrete policy recommendations ...
Set Up For Abduction And Extortion By The Irs: Does The Reporting Of Interest Paid On U.S. Bank Deposits Undermine The Government’S Obligation To Avoid Instigating Terrorism By Foreign Criminal Gangs And Drug Cartels?, 2014 The Florida State University
Set Up For Abduction And Extortion By The Irs: Does The Reporting Of Interest Paid On U.S. Bank Deposits Undermine The Government’S Obligation To Avoid Instigating Terrorism By Foreign Criminal Gangs And Drug Cartels?, Darren Prum, Chad Marzen
Darren A. Prum
The Internal Revenue Service recently overturned 90 years of United States foreign and tax policy by finalizing and codifying its efforts to report interest income earned at domestic banks for accounts held by nonresident aliens. While the IRS felt its need to collect the data and revenue outweighs concerns raised against the proposal, the rule change has broad ramifications in the areas of tax, commerce, international policy and law, and the war against transnational criminal organizations and terrorism.
This article argues that the rule change has the potential to wreak havoc on a fragile economic recovery by leading to a ...
The Affordable Care Act Raises The Stakes On Worker Classification; What Does This Mean For The Voluntary Classification Settlement Program, Sagar Parmar
Honors Projects in Accounting
This research considers worker classification and the many implications an employer must consider when classifying a worker as employee or independent contractor. One implication relates to healthcare benefits and healthcare taxes. As such, this research will evaluate the new healthcare taxes and implications resulting from the Affordable Care Act. Furthermore, this research will relate and explain worker classification with regards to the Voluntary Classification Settlement Program. This is a program offered by the Internal Revenue Service allowing employers to prospectively classify workers as employees with tax relief for past misclassification. The healthcare implications from the Affordable Care Act have raised ...
The Federal Estate Tax As A Wealth Equalizer, 2014 University of Redlands
The Federal Estate Tax As A Wealth Equalizer, Justin Martinez
Undergraduate Honors Theses
The implementation of the federal estate tax is an issue that has been debated for decades, and its components are constantly being adjusted in response to the economic fluctuations and fiscal needs of the United States. This paper examines the perspectives of proponents and opponents of the federal estate tax, while statistically and speculatively analyzing whether or not its is effective in maintaining income and wealth equality in the United States. The federal estate tax promotes equal economic opportunity through progressivity, and is utilized as a wealth equalizer, rather than a revenue generator.
The Contemporary Tax Journal: Spring 2014, Volume 3, Number 2, 2014 San Jose State University
The Contemporary Tax Journal: Spring 2014, Volume 3, Number 2, San Jose State University
Contemporary Tax Journal
No abstract provided.