A Preliminary Analysis Of The Proposed 1998 Taxpayers' Right Amendments To The Iowa Constitution And Fiscal Consequences Assuming Implementation From Fy1984 To Present, Mark A. Edelman Dr.
This staff paper-reviews the Senate (SSB2072) anU House (HSB688) versions of'a proposed 1998 Amendment.to the Iowa Constitution and.provides a preliminary analysis of the fiscal impacts'on the,state general fund receipts, general fund appropriations, and local property^taxes assuming each proposal was implemented in FY1984. While the year-to-year reductions in spending are relatively small,the cumulative fiscal impact of the SSB2072 would likely have resulted in (1) a FY1997 state general-fund limit that allows 32 percent less spending'than•actual FY1997, (2) a $710-million reduction in the growth of state aid-to local government; and (3)'a29.7 ...
Obstacles To Tax Reform: Income Definition And Capital Gains Taxation, 2016 Merrimack College
Obstacles To Tax Reform: Income Definition And Capital Gains Taxation, Nicholas Santosuosso
Honors Program Capstone Projects
The Great Recession of 2007-2009 sparked widespread economic anxiety among the American public while setting the tone for the debate over economic policy to capture center stage in the 2012 Presidential election cycle. Concern over growing budget deficits and wealth concentration in the wake of the Recession caused much of this attention to shift onto the fiscal policy of the United States. Public dissatisfaction with the federal income tax code remains pervasive today, and 72 percent of Americans believe that the tax system needs either a major or complete overhaul, according to Pew Research Center (Doherty 2013). Support for such ...
America's Tax System And How To Fix It, 2016 Liberty University
America's Tax System And How To Fix It, Brendan O. Smith
Senior Honors Theses
Abraham Lincoln signed into law the first national income tax on August 5, 1861. Since 1913, the content of the Internal Revenue Code has increased from the 27-page tax law of that year to over 5000 pages today. As time has passed and the length of this document has increased, so has the expense and complexity of abiding by its statutes. The inefficiencies of the current system indicate that something must be done about the United States tax system, but no one has agreed on what to do. Many proposals to correct the problem have been brought forward over the ...
College News, 2016 DePaul University
Forum Highlights the Value of Diversity in the Classroom and Boardroom; Marketing Professor Wins Teaching Accolades; DePaul Business Programs Earn Rankings
Burgers, Doughnuts, And Expatriations: An Analysis Of The Tax Inversion Epidemic And A Solution Presented Through The Lens Of The Burger King-Tim Hortons Merger, 2016 College of William & Mary Law School
Burgers, Doughnuts, And Expatriations: An Analysis Of The Tax Inversion Epidemic And A Solution Presented Through The Lens Of The Burger King-Tim Hortons Merger, Chris Capurso
William & Mary Business Law Review
Currently, the concept of tax inversion is a major corporate phenomenon. In the United States, companies pay taxes on all earnings, whether or not they were accumulated here. With one of the highest corporate tax rates in the world, this is a major expense for U.S. corporations competing in the world market. While most companies simply deal with the tax burden, some U.S. corporations buy foreign companies and relocate the company headquarters to the acquisitions home country. This corporate expatriation allows companies to avoid U.S. taxes on earnings in a number of ways. This Note will ...
Round-Tripping Of Domestic Profits Under The American Jobs Creation Act Of 2004, 2016 Drexel University
Round-Tripping Of Domestic Profits Under The American Jobs Creation Act Of 2004, Sebastien Bradley
Sebastien J Bradley
Public Finance And Tax Equity In The Arabian Gulf Monarchies, 2016 Kennesaw State University
Public Finance And Tax Equity In The Arabian Gulf Monarchies, Timothy Mathews
Journal of Global Initiatives: Policy, Pedagogy, Perspective
This study examines notions of public finance equity in the six Arabian Gulf monarchies of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. Because of unique characteristics of government expenditures and revenues in these monarchies, many of the standard concepts of public finance (such as the Benefits Principle, Ability-to-Pay Principle, Vertical Equity, and Horizontal Equity) do not provide relevant insights. Consequently, four innovative notions of equity are reviewed and discussed: Within Group Horizontal Equity; Within Group Vertical Equity; Favored Group Horizontal Equity; and Favored Group Vertical Equity. Finally, these four conceptions of equity are applied to a ...
The Benefits Of Having A Comprehensive Financial Plan For The Average Consumer, And The Necessary Components Comprised To Make An Effective And Efficient Plan, Nicholas M. Lund
CMC Senior Theses
Socioeconomic changes in American society over the past few decades, as well as an overwhelming amount of uncertainty and misconceptions, have resulted in a majority of Americans to fall short of their financial goals in the short-term, the mid-term, and the long-term. Without proper preparation and financial planning, it is likely that these Americans, and many more, will be unable to reach these goals as well as retire comfortably. Many Americans are overwhelmed with the immense amount of financial information, tools and resources, and as a consequence are unable to plan their finances efficiently and effectively. Americans need a better ...
Cost-Benefit Analysis And Distributional Weights: An Overview, 2016 Duke Law School
Cost-Benefit Analysis And Distributional Weights: An Overview, Matthew D. Adler
Standard cost-benefit analysis (CBA) is insensitive to distributional concerns. A policy that improves the lives of the rich, and makes the poor yet worse off, will be approved by CBA as long as the policy’s aggregate monetized benefits are positive. Distributional weights offer an apparent solution to this troubling feature of the CBA methodology: adjust costs and benefits with weighting factors that are inversely proportional to the well-being levels (as determined by income and also perhaps non-income attributes such as health) of the affected individuals.
Indeed, an academic literature dating from the 1950s discusses how to specify distributional weights ...
Problematic Self-Directed Retirement Plan Activities, 2015 Unaffiliated
Problematic Self-Directed Retirement Plan Activities, David Jenkins
David Randall Jenkins
My paper “Section 4975(e)(2)(G) Management and Investment Risk Diversification Standards” teaches the retirement plan (self-dealing activity, incidental benefit) bright line is quantified and defined by public policy’s management and investment risk diversification standards. Such retirement plan risk diversification policy compliance results in transforming generally proscribed Sections 4975(c)(1)(D), (E), or (F) prohibited transaction self-dealing activities into incidental benefits. My paper “Prohibited Transaction Chinese Walls” teaches eviscerating the self-dealing activity nexus plan asset element by and through properly invoking plan asset rule exceptions enables transforming specifically proscribed Sections 4975(c)(1)(A), (B), or (C ...
Investor Valuations Of Japan's Adoption Of A Territorial Tax Regime: Quantifying The Direct And Competitive Effects Of International Tax Reform, Sebastien Bradley, Estelle Dauchy, Makoto Hasegawa
Sebastien J Bradley
Foreign Account Tax Compliance Act: The Most Revolutionary Piece Of Tax Legislation Since The Introduction Of The Income Tax, 2015 University of Connecticut
Foreign Account Tax Compliance Act: The Most Revolutionary Piece Of Tax Legislation Since The Introduction Of The Income Tax, Alexander Szwakob
Honors Scholar Theses
With taxation of income being the most significant source of revenue, most national governments consider tax evasion prevention to be one of the priorities of their tax agencies. In the United States, tax evasion has been a significant concern of the Internal Revenue Service ever since the modern income tax was instituted with the passing of the Sixteenth Amendment in 1913. Over the following century, Congress enacted numerous measures aimed at curbing the illegal practice, but, as often is the case, both individuals and institutions desiring to not abide by the law found new ways to outsmart the tax authorities ...
The Tax Treatment Of Fringe Benefits, 2015 Michigan State University and W.E. Upjohn Institute
The Tax Treatment Of Fringe Benefits, Stephen Woodbury, Wei-Jang Huang
Stephen A. Woodbury
Woodbury and Huang use econometric models to investigate how changes in the tax treatment of fringe benefits can be expected to influence the level of benefits and compensation provided by employers, federal revenues, and income inequality.
Knowledge Of Federal Taxation In The Millennial Age, 2015 Iowa State University
Knowledge Of Federal Taxation In The Millennial Age, Jordan Kulow
Honors Projects and Posters
The goal of this study is to build upon previous research, studying the knowledge of taxation in elementary children, by researching the same idea in college-aged students. To do so, students were surveyed regarding various demographics and taxation topics in terms of general knowledge, taxation concepts that are currently relevant to our target subject, and taxation topics that will be relevant to them in the future. Our results showed that students had a moderate level of general knowledge that was consistent across variables. They also showed that in terms of taxation topics that are currently relevant, being older and having ...
Cross-Country Evidence On The Preliminary Effects Of Patent Box Regimes On Patent Activity And Ownership, Sebastien Bradley, Estelle Dauchy, Leslie Robinson
Sebastien J Bradley
This paper evaluates the initial impacts of patent box regimes in light of their primary stated objectives: stimulating domestic innovation and retaining mobile patent income to limit base erosion. Despite their lack of nexus requirements, we find that patent box regimes yield a 3 percent increase in new patent applications for every percentage point reduction in the tax rate on patent income. We find no significant impact of these regimes on deterring outward cross-border attribution of patent ownership, or on attracting ownership of foreign inventions. Increased patenting activity hence appears focused on inventions involving co-located (domestic) patent owners and inventors.
The Common Knowledge Of Tax Abuse, 2015 Berkeley Law
The Common Knowledge Of Tax Abuse, Mark Gergen
Mark P. Gergen
No abstract provided.
The Influence Of Tax Law On Securities Innovation In The United States: 1981-1997, Mark Gergen, Paula Schmitz
Mark P. Gergen
No abstract provided.
Assessment Limits And Timing Of Real Estate Transactions, 2015 Drexel University
Assessment Limits And Timing Of Real Estate Transactions, Sebastien 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 ...
Simple Substantial Economic Effect Regulatory Compliance, 2015 Unaffiliated
Simple Substantial Economic Effect Regulatory Compliance, David Jenkins
David Randall Jenkins
The Internal Revenue Service considers Section 704(b)’s substantial economic effect regulations among the most complex. This course teaches the Treasury Regulations enable simple compliance through (Per Capita: Balances: Ratios) capital account accounting method truncated transitivity, economic effect equivalence, and substantiality’s conclusive presumption. The partnership special allocations public policy mandate is made clear thereby: encourage going concern productivity while discouraging its abandonment.
Evaluating Policy Measures To Tackle Undeclared Work: The Role Of Stakeholder Collaboration In Building Trust And Improving Policy-Making, Colin Williams, Anton Kojouharov
Colin C Williams
The aim of this paper is to examine and analyse the realm of policy evaluation approaches and methods as they relate to assessing measures to tackle undeclared work. The discussion is set at the backdrop of a brief review of the more prominent theoretical and conceptual considerations in the policy evaluation literature. The paper then investigates results from policy assessments and evaluations illuminated in the previous GREY working papers, as well as some selected from the Eurofound database. The analysis of a limited sample of available policy evaluations and results demonstrates that a common probable cause of policy failure with ...