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Incentives To Tax Foreign Investors, Rishi R. Sharma 2016 Colgate University

Incentives To Tax Foreign Investors, Rishi R. Sharma

Economics Faculty Working Papers

This paper shows that a small country can have incentives to tax inbound FDI even in a setting with perfect competition and free entry. While firms make no aggregate profits worldwide due to free entry, they make taxable profits in foreign production locations because their costs are partly incurred in their home countries. These profits are not perfectly mobile because firm productivity varies across locations. Consequently, the host country does not bear the entire burden of a tax on foreign firms, giving rise to an incentive to impose taxes. The standard zero optimal tax result can be recovered in this ...


Taxing And Subsidizing Foreign Investors, Rishi R. Sharma 2016 Colgate University

Taxing And Subsidizing Foreign Investors, Rishi R. Sharma

Economics Faculty Working Papers

Many countries impose taxes on foreign investors while also having in place targeted subsidies and tax incentives that are designed to attract them. This paper shows that such a policy can be optimal from the standpoint of a host country. The government has an incentive to tax inframarginal firms because they are relatively immobile. It also has an incentive to subsidize marginal firms because the economic activity generated by such a subsidy can increase domestic wages in excess of the fiscal cost of the subsidy. These tax and subsidy policies improve host country welfare at the expense of foreigners. This ...


Impacts Of The National Rental Affordability Scheme On Rental Housing Investment: Changes In Investment Profiles And Investor Satisfaction, Isara Khanjanasthiti, Geroge Earl, Lynne Armitage 2016 Bond University

Impacts Of The National Rental Affordability Scheme On Rental Housing Investment: Changes In Investment Profiles And Investor Satisfaction, Isara Khanjanasthiti, Geroge Earl, Lynne Armitage

Faculty of Society and Design Publications

INTRODUCTION: In Australia, as is the case for many countries around the world, housing affordability is a major problem affecting families on or below average incomes. The impact is particularly severe in the major capital cities such as Sydney and Melbourne. Projections suggest that in the next decade median house price in these cities will exceed one million dollars. To increase the supply of affordable housing, the Australian Government, in partnership with all state governments, initiated a National Rental Affordability Scheme (NRAS) in 2008. One of the key objectives of NRAS is to increase the supply of new affordable rental ...


Economic And Taxation Benefits Of The National Rental Affordability Scheme, Isara Khanjanasthiti, George Earl, Lynne Armitage 2016 Bond University

Economic And Taxation Benefits Of The National Rental Affordability Scheme, Isara Khanjanasthiti, George Earl, Lynne Armitage

Faculty of Society and Design Publications

INTRODUCTION: Australia is experiencing a housing affordability crisis, a problem primarily affecting families on low-to-moderate incomes. The median house price continues to increase and is currently more than five times the gross annual median household income. 1 To stimulate additional supply of affordable rental dwellings throughout Australia, the Australian Government, in partnership with state governments, implemented the National Rental Affordability Scheme (NRAS) in 2008. As at December 2015, 37,217 new rental dwellings had been approved under NRAS, of which 30,037 had been built and either tenanted or available for rent. More than 622 million dollars of government funding ...


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 2016 Claremont McKenna College

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 ...


As American As Apple Inc.: Corporate Ownership And The Fight For Tax Reform, Penn Wharton PPI 2016 University of Pennsylvania

As American As Apple Inc.: Corporate Ownership And The Fight For Tax Reform, Penn Wharton Ppi

Penn Wharton Public Policy Initiative

Both supporters and critics of the current tax advantages enjoyed by U.S. multinational corporations (MNCs) bolster their arguments with appeals to patriotism: the MNCs and their political supporters argue that allowing inversions or other similar arrangements and instituting another tax holiday for “repatriating” overseas earnings are good for the American economy as a whole; opponents condemn these tax advantages as unpatriotic in depriving the U.S. of enormous sums of needed revenue. But where, precisely, is the “home” to which profits held offshore return? For many purposes, home is where the shareholders are. Determining ownership of U.S. MNCs ...


Property Or Currency? The Tax Dilemma Behind Bitcoin, Scott A. Wiseman 2016 S.J. Quinney College of Law, University of Utah.

Property Or Currency? The Tax Dilemma Behind Bitcoin, Scott A. Wiseman

Utah Law Review

At Bitcoin’s peak in November 2013, there were 93,000 global transactions made in a single day. These users purchased everyday items such as personal services, food, and real estate. This alone suggests that Bitcoin is not primarily used as a long-term investment tool, but rather is used as a currency and a vehicle for global transactions. Congress and the IRS should regulate it accordingly. Representative Stockman’s Virtual Currency Reform Act offered an attempt to negate the IRS decision and officially classify Bitcoin and other virtual currencies as currency instead of property. A tax reclassification would alleviate typical ...


Liberating Trapped Cash: A Case Study Of Trapped Cash At Apple And Microsoft, Russell P. Engel, Bridget M. Lyons, Danny A. Pannese 2016 Southern Connecticut State University

Liberating Trapped Cash: A Case Study Of Trapped Cash At Apple And Microsoft, Russell P. Engel, Bridget M. Lyons, Danny A. Pannese

WCOB Faculty Publications

The topic of trapped cash, or cash permanently reinvested overseas to avoid tax upon repatriation, has become a hot topic in accounting, finance and policy circles over the past two years. This case study analyzes the activities of two major technology firms, Microsoft and Apple, to liberate enormous holdings of trapped cash. The case prompts a discussion of the topic of trapped cash, stakeholder considerations and tools available to manage cash balances held outside the United States. The focus is to examine the strategies available and those selected by Microsoft and Apple to meet or at least appease stakeholder demands ...


The Impact Of Increased Cigarette Prices On Cigarette Consumption, Bohyun Yoo 2016 University of Kentucky

The Impact Of Increased Cigarette Prices On Cigarette Consumption, Bohyun Yoo

MPA/MPP Capstone Projects

The objective of this study examines whether the way to raise cigarette prices drastically and discontinuously is effective in reducing cigarette consumption. We use monthly data for cigarette consumption to measure the price elasticity of cigarettes’ demand and adopt real cigarette prices, real individual income, education level, and unemployment rate as independent variables. We consider how consumers adjust their consumption practices in response to the increased prices. After examining the result of regression, we conclude that cigarette real price has a significant association with the reduction in cigarette consumption. If we divide the last twelve years into periods when prices ...


Benefit-Cost Analysis And Distributional Weights: An Overview, Matthew D. Adler 2016 Duke Law School

Benefit-Cost Analysis And Distributional Weights: An Overview, Matthew D. Adler

Faculty Scholarship

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 ...


The Abuse Of Foreign Income Tax Credit, Janki P. Patel 2016 Georgia Southern University

The Abuse Of Foreign Income Tax Credit, Janki P. Patel

University Honors Program Theses

This analytical study examines the abuse of foreign income tax credit with the provided data from 1996 – 2011. There are various ways to categorize the foreign tax credit, yet this study examines the foreign tax credit taken in various geographic regions. Additionally, it also analyzes the individual foreign tax credit claimed and corporate tax credit claimed to conclude on which unit abuses the credit utmost.


The Cost Of Feeling Good, Casey M. Field 2016 University of Central Florida

The Cost Of Feeling Good, Casey M. Field

Honors in the Major Theses

The Cost of Feeling Good attempts to quantify the optimum portfolio returns of Socially Responsible Investment Funds and Dual-Purpose Portfolios. In order to meet the demands of investors who want to create a social impact and generate financial returns, investors can choose two methods. For the purpose of this study, the social returns were quantified and the financial returns were quantified using net present value. In every scenario, the socially responsible investment decision generated higher financial returns. Because of the immediate loss to an investor after choosing the DPP strategy, financially, the SRI fund appears to be the better approach ...


Problematic Self-Directed Retirement Plan Activities, David Randall Jenkins 2015 Unaffiliated

Problematic Self-Directed Retirement Plan Activities, David Randall Jenkins

David Randall Jenkins, Ph.D.

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 ...


Foreign Account Tax Compliance Act: The Most Revolutionary Piece Of Tax Legislation Since The Introduction Of The Income Tax, Alexander Szwakob 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 ...


Tax Effects Of Book-Tax Conformity, Financial Reporting Incentives And Firm Size, Koon Hung CHAN, Zhenpin, Kenny LIN, Feng TANG 2015 Lingnan University, Hong Kong

Tax Effects Of Book-Tax Conformity, Financial Reporting Incentives And Firm Size, Koon Hung Chan, Zhenpin, Kenny Lin, Feng Tang

Prof. LIN Zhen-pin, Kenny

This study employs a natural experiment to examine the tax effects of a change in the level of conformity between tax and financial reporting in China for firms with different financial reporting incentives. We find that in a full book-tax conformity system, firms with incentives to report higher book income pay significantly higher income tax (per dollar of sales) than do firms without the same incentives. Although we do not find similar evidence in a non-conformed system, we observe cross-sectional variation in taxes paid by firms of varying sizes: by exploiting non-conforming financial reporting rules to a greater extent, large ...


Knowledge Of Federal Taxation In The Millennial Age, Jordan Kulow 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 J. Bradley, Estelle Dauchy, Leslie Robinson 2015 Drexel University

Cross-Country Evidence On The Preliminary Effects Of Patent Box Regimes On Patent Activity And Ownership, Sebastien J. 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, Mark Gergen 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 P. Gergen, Paula Schmitz 2015 Berkeley Law

The Influence Of Tax Law On Securities Innovation In The United States: 1981-1997, Mark P. Gergen, Paula Schmitz

Mark P. Gergen

No abstract provided.


On The Use Of The Inflation Tax When Non-Distortionary Taxes Are Available, Joydeep Bhattacharya, Joseph H. Haslag 2015 Iowa State University

On The Use Of The Inflation Tax When Non-Distortionary Taxes Are Available, Joydeep Bhattacharya, Joseph H. Haslag

Joydeep Bhattacharya

Using a pure-exchange overlapping generatior^ model in which money -is valued because of a legal restriction, we show the following: a) a benevolent government may make some use of the inflation t^ in conjunction with a lump-sum income tax on the young, b) the inflation tax will not be used dong with- a lump-sum income tax on the old, and c) the welfare-maximizing monetary policy may-deviate from the Friedman rule (contract the money supply so as to equate the real return on money and other competing stores of value) depending on how fiscal policy is implemented...


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