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829 full-text articles. Page 7 of 24.

Re-Investment Allowance, Investment Tax Credit, And The Reality Of Corporate Cash Flow In Nigeria, Daibi W. Dagogo 2015 Rivers State University of Science and Technology

Re-Investment Allowance, Investment Tax Credit, And The Reality Of Corporate Cash Flow In Nigeria, Daibi W. Dagogo

Daibi W Dagogo

This study examines the influences of tax incentives on cash flow of manufacturing corporations in Nigeria. To do this, research questions were raised, hypotheses were formulated, sixty (60) quoted manufacturing companies in Nigeria constituted the sample of this study and secondary data from Nigeria Stock Exchange fact book were complemented with ordinal data collected via questionnaire. The stated hypotheses were statistically tested with paired t-test of two means from the same sample. T-test was eventually used because of the ordinal data, which might not satisfy the condition of normal distribution. Our findings revealed that tax incentives significantly increased the mean ...


Disclosure And Civil Penalty Rules In The U.S. Legal Response To Corporate Tax Shelters, Daniel Shaviro 2015 NYU

Disclosure And Civil Penalty Rules In The U.S. Legal Response To Corporate Tax Shelters, Daniel Shaviro

Daniel Shaviro

This paper, written for a European conference on tax and corporate governance, evaluates two aspects of the U.S. legal response to corporate tax shelters: the civil penalty rules and the disclosure rules. It argues that, while the disclosure rules do not impose undue burdens, their usefulness to the IRS is limited by the difficulty of steering between the twin dangers of under-disclosure (permitting taxpayers to conceal close cousins of reportable transactions) and over-disclosure (creating information overload for the IRS). Thus, expanded reporting requirements with respect to book-tax differences in income accounting are likely to prove more useful to the ...


Beyond The Pro-Consumption Tax Consensus, Daniel Shaviro 2015 NYU

Beyond The Pro-Consumption Tax Consensus, Daniel Shaviro

Daniel Shaviro

In the last two decades, the dominant norm in fundamental tax reform has shifted from income taxation to consumption taxation, among academics no less than policymakers. Few have recognized, however, that the case for a consumption tax overlaps substantially with that for lifetime income averaging, an idea that has drawn considerably less support. Likewise, few have recognized that the grounds for unease about the case for income averaging (as an ideal system, leaving aside administrative concerns) apply equally to the case for consumption taxation.

Within a welfare economics framework, the case for both norms is close to irrefutable if one ...


Welfare, Cash Grants, And Marginal Rates, Daniel Shaviro 2015 Wayne Perry Professor of Taxation, NYU Law School

Welfare, Cash Grants, And Marginal Rates, Daniel Shaviro

Daniel Shaviro

Marginal rates are frequently analyzed based solely on taxes, without regard to benefit phase-outs that have exactly the same incentive and distributional effects as increasing positive taxes. This myopia reflects the notion, rooted in our current fiscal language, that “taxes” and “spending” are fundamentally different. In fact, however, the difference is purely one of labeling. Among the ill consequences of this confusion between substance and labels is the political unfeasibility of demogrant or negative income tax proposals. These proposals often are criticized for seemingly providing universal and unconditional cash grants. In fact, however, cash grants can be just as conditional ...


The Long-Term U.S. Fiscal Gap: Is The Main Problem Generational Inequity?, Daniel Shaviro 2015 NYU

The Long-Term U.S. Fiscal Gap: Is The Main Problem Generational Inequity?, Daniel Shaviro

Daniel Shaviro

Current U.S. budget policy is unsustainable because it violates the intertemporal budget constraint. While the resulting fiscal gap will eventually be eliminated whether we like it or not, the big issue in current budget debate is whether the ultimately unavoidable course corrections should start now or be left for later. This paper argues that concerns of generational equity, which often are relied on by those demanding a prompt course correction, do not convincingly settle the issue, given empirical uncertainties about future generations’ circumstances. However, efficiency issues create powerful grounds for urging a course correction sooner rather than later, on ...


Why Worldwide Welfare As A Normative Standard In U.S. Tax Policy?, Daniel N. Shaviro 2015 NYU

Why Worldwide Welfare As A Normative Standard In U.S. Tax Policy?, Daniel N. Shaviro

Daniel Shaviro

Debate about U.S. international tax policy often emphasizes norms, such as capital export neutrality (CEN) and capital import neutrality (CIN), that relate to worldwide welfare rather than U.S. national welfare. While this focus may seem paradoxical, or at least surprisingly altruistic, in a world full of self-interested players, it potentially makes sense from a purely national perspective. Worldwide welfare norms can strengthen the impetus to cooperate with other countries rather than following beggar-your-neighbor strategies, potentially making all countries better off if adherence to the worldwide norm is sufficiently reciprocal.

This suggests that criticisms of U.S. international tax ...


The Optimal Relationship Between Taxable Income And Financial Accounting Income: Analysis And A Proposal, Daniel Shaviro 2015 NYU

The Optimal Relationship Between Taxable Income And Financial Accounting Income: Analysis And A Proposal, Daniel Shaviro

Daniel Shaviro

The persistence of the book-tax gap, or excess of companies’ reported financial accounting income over their taxable income, suggests that accounting manipulation and tax sheltering remain significant problems, even in the aftermath of the “Enron era.” Some have therefore suggested making the United States a “one-book” country, in which the same income measure would be used for both purposes. This Article offers the first systematic exploration of the optimal relationship between the two income measures, based on the distinct purposes they serve and the significance of two distinct sets of incentive problems: those pertaining to corporate managers, and to the ...


Permanent Income And The Annual Income Tax, Daniel N. Shaviro 2015 Wayne Perry Professor of Taxation, NYU Law School

Permanent Income And The Annual Income Tax, Daniel N. Shaviro

Daniel Shaviro

Under a prominent and influential economic model known as the permanent income hypothesis, people s decisions depend on their expected lifetime income, not their current income. If completely true, this hypothesis would have radical implications for tax, transfer, and entitlements policy. For example, unless modified by other information, it would suggest replacing the income tax with a consumption tax, establishing lifetime income averaging, viewing Social Security as irrelevant other than as a system for transferring lifetime resources between individuals, and dramatically changing welfare law to base aid purely on people s lifetime income, as distinct from their current circumstances. However ...


Foreign Source Income Tax Exemption And Pooling System: Which Works Better? (Part 2 Of 3), Clement Kai Guan TAN, Teng Aun KHOO 2015 Nanyang Technological University

Foreign Source Income Tax Exemption And Pooling System: Which Works Better? (Part 2 Of 3), Clement Kai Guan Tan, Teng Aun Khoo

Research Collection School Of Accountancy

When is it better to claim Foreign Source Income under the Pooling System rather than on the Foreign Source Income Exemption


Designing Focus Groups And Experiments To Evaluate Policy Approaches And Measures For Tackling Undeclared Work, Marina Polak, Lyubomir Mishkov, Colin C. Williams 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.


Employment Effects Of The Washington High Technology Business And Occupation Tax Credit, Timothy J. Bartik, Kevin Hollenbeck 2015 W.E. Upjohn Institute

Employment Effects Of The Washington High Technology Business And Occupation Tax Credit, Timothy J. Bartik, Kevin Hollenbeck

Timothy J. Bartik

No abstract provided.


The Impact Of Marginal Business Taxes On State Manufacturing, Richard Funderburg, Timothy Bartik, Alan Peters, Peter Fisher 2015 University of Iowa

The Impact Of Marginal Business Taxes On State Manufacturing, Richard Funderburg, Timothy Bartik, Alan Peters, Peter Fisher

Timothy J. Bartik

No abstract provided.


The Effects Of State And Local Taxes On Economic Development: A Review Of Recent Research, Timothy Bartik 2015 W.E. Upjohn Institute

The Effects Of State And Local Taxes On Economic Development: A Review Of Recent Research, Timothy Bartik

Timothy J. Bartik

No abstract provided.


Discussion Of The Role Of Client Advocacy In The Development Of Tax Professionals' Advice, Jennifer Schafer 2015 Kennesaw State University

Discussion Of The Role Of Client Advocacy In The Development Of Tax Professionals' Advice, Jennifer Schafer

Jennifer Kahle Schafer

The article discusses the idea that different levels of client advocacy held by tax consultants will affect their judgment, decision making, and advice. Studies on tax professionals' attitudes concerning advocacy and client characteristics are mentioned. The influence of endogeneity versus exogeneity in client characteristics on the tax professional's attitude are discussed. A model of hypothesized professional-client relationships in the decision making process is also discussed. The distinctions between client-specific advocacy and general advocacy are noted.


The Influence Of Roles, Advocacy, And Adaptation To The Accounting Decision Environment, Robert Pinsker, Robin Pennington, Jennifer Schafer 2015 Old Dominion University

The Influence Of Roles, Advocacy, And Adaptation To The Accounting Decision Environment, Robert Pinsker, Robin Pennington, Jennifer Schafer

Jennifer Kahle Schafer

Decision makers often adapt strategies to specific task and context variables by balancing the need to make good decisions with the need to minimize cognitive effort. However, decision makers must have the requisite knowledge, based on training, to choose the most appropriate strategy. We extend the judgment and decision making literature by experimentally examining how training in specific professional roles (tax and audit) influences advocacy attitudes, and how the elements of the decision environment interact with these attitudes to influence accountants' judgments. Results indicate that attitudes are moderated by the requirements of the specific decision environment. Specifically, judgments of accounting ...


Mood And Likeability: The Impact Of Two Affect Types On Tax Judgment, Joseph Schultz, Brad Schafer, Jennifer Schafer 2015 Arizona State University at the Tempe Campus

Mood And Likeability: The Impact Of Two Affect Types On Tax Judgment, Joseph Schultz, Brad Schafer, Jennifer Schafer

Jennifer Kahle Schafer

This study investigates processing influences of two types of affect, general (mood) and targeted (likeability), on professional tax judgment. Tax research has investigated client preference bias, but has not considered the affect's influence. Affect may exacerbate or mitigate this bias, even though affect should be irrelevant to professional judgment. Considerable accounting research, unrelated to tax, supports the importance of understanding affective inputs in professional judgment, primarily because such influence unknowingly leads to irrational economic judgments. Our results indicate that affect impacts tax judgments, and that affect type influences how evidence is processed. Targeted affect influences judgments and evidence evaluation ...


Employment Effects Of The Washington High Technology Business And Occupation Tax Credit, Timothy Bartik, Kevin Hollenbeck 2015 W.E. Upjohn Institute

Employment Effects Of The Washington High Technology Business And Occupation Tax Credit, Timothy Bartik, Kevin Hollenbeck

Kevin Hollenbeck

No abstract provided.


Taxation On Morals, Alex J. Fulop 2015 The 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.


Foreign Tax Credit Pooling System: Is It Always Better? (Part 1 Of 3), Teng Aun KHOO, Clement Kai Guan TAN 2015 Singapore Management University

Foreign Tax Credit Pooling System: Is It Always Better? (Part 1 Of 3), Teng Aun Khoo, Clement Kai Guan Tan

Research Collection School Of Accountancy

Presently, there are two systems under which the FTC can be granted subject to satisfying certain conditions 1. FTC source-by-source and country-by-country system (SCS), and 2. FTC pooling system (PS) Under the SCS of computing the FTC, the excess of FTP over the STP on one type of FI (say dividend income) from a foreign country cannot be used to setoff against the excess of STP over the FTP on any other FI. Under the PS, any excess of Foreign Tax Paid (FTP) over the Singapore Tax Payable (STP) on one type of Foreign Income from a foreign country can ...


The Deferral Effects Of Passing Through Foreign Subsidiaries’ Passive Income, Chris William Sanchirico, Reed Shuldiner 2015 University of Pennsylvania Law School

The Deferral Effects Of Passing Through Foreign Subsidiaries’ Passive Income, Chris William Sanchirico, Reed Shuldiner

Faculty Scholarship

The immediate U.S. taxation of foreign subsidiaries’ passive, but not active income is a scenario of increasing practical importance. This paper builds on Alvin Warren’s recent analysis of this partially deferral-tempering case. It clarifies some of the legal and economic mechanics behind Warren’s formula. It also makes several points de novo. It highlights the conceptual relationship between passive-income pass-through and delayed realization of accrued gains. It points out that delayed realization inside the subsidiary effectively deactivates passive-income pass-through. And it describes when it does and does not matter that the parent takes interim distributions from the subsidiary ...


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