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Faculty of Business - Papers (Archive)

Tax

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Effect Of Corporate Tax Avoidance Activities On Firm Bankruptcy Risk, Anirudh Dhawan, Liangbo Ma, Maria H. Kim Jan 2020

Effect Of Corporate Tax Avoidance Activities On Firm Bankruptcy Risk, Anirudh Dhawan, Liangbo Ma, Maria H. Kim

Faculty of Business - Papers (Archive)

Corporate tax avoidance has been shown to raise the cost of bank debt and lower credit and bond ratings. However, it is unclear whether tax avoidance actually increases a firm’s bankruptcy risk or whether it is just viewed negatively by banks and rating agencies. We find that firms engaging in tax avoidance and firms that are thinly capitalized face higher bankruptcy risk. To account for endogeneity and functional form misspecification, we verify our results using instrumental variable and propensity score matching methods. Our findings are consistent with the view that tax avoidance is a risk-enhancing activity.


The Impact Of Demographic Factors On Tax Compliance Attitude And Behavior In Malaysia, Abdullah Al Mamun, Harry Entebang, Shazali Abu Mansor, Qaiser Rafique Yasser, Thurai Murugan Nathan Jan 2014

The Impact Of Demographic Factors On Tax Compliance Attitude And Behavior In Malaysia, Abdullah Al Mamun, Harry Entebang, Shazali Abu Mansor, Qaiser Rafique Yasser, Thurai Murugan Nathan

Faculty of Business - Papers (Archive)

This research explored the existence of differences in the impact of demographic factors on tax compliance attitude and behavior in Johor Bahru, Johor. The sample for the preliminary study is small which 92 respondents only and thus the optimum of the results is limited. The result of this investigation shows the ignorance of taw law among taxpayers in Johor Bahru, Johor may be a significant concern to the Government. Majority of the respondents agree that cash received for work dine is taxable but view bartering goods with a friend and not reporting it, though illegal, on their tax return as …


Can A Carbon Tax Be Effective Without A Grand Coalition?, Amnon Levy Jan 2014

Can A Carbon Tax Be Effective Without A Grand Coalition?, Amnon Levy

Faculty of Business - Papers (Archive)

This paper analyzes an interaction between a carbon-tax collecting and investing coalition of rich countries, abstaining rich countries and poor countries. The non-coalition countries may suffer from loss of reputation and guilt and may overstate the emission-moderating effect of the carbon tax. As long as these three types of countries react to their counterparts' emissions, taxing carbon-dioxide emissions unilaterally does not necessarily reduce the global emissions. Nor does it necessarily moderate the emissions of the coalition.


Banks Want You To Pay Less Tax On Interest, But Why?, John A. Mclaren Jan 2014

Banks Want You To Pay Less Tax On Interest, But Why?, John A. Mclaren

Faculty of Business - Papers (Archive)

Australia's big banks want the government to give their customers tax breaks on interest income, having told the Financial Systems Inquiry it would encourage more savings. In turn, the banks will have access to greater deposits to lend as the economy recovers.


A Uniform Land Tax In Australia: What Is The Potential For This To Be A Reality Post The "Henry Tax Review"?, John A. Mclaren Jan 2014

A Uniform Land Tax In Australia: What Is The Potential For This To Be A Reality Post The "Henry Tax Review"?, John A. Mclaren

Faculty of Business - Papers (Archive)

Land tax was one of the main issues examined by Dr Ken Henry in his review on "Australia's Future Tax System" and the review recommended its increased importance in raising revenue in Australia. The classical economists such as Smith, Ricardo and Mill recommended the imposition of a tax on land. Henry George also strongly advocated a tax on land instead of a tax on labour or capital. They also contended that such a tax was both efficient and equitable. This paper will examine the current position with land tax in Australia and the views of the early economists advocating the …


Not All Bank Accounts In Tax Havens Amount To Criminal Conduct, John A. Mclaren Jan 2013

Not All Bank Accounts In Tax Havens Amount To Criminal Conduct, John A. Mclaren

Faculty of Business - Papers (Archive)

More than 500 Australians are apparently on a list of tax haven users obtained by the Washington-based International Consortium of Investigative Journalists, as part of its investigation into the use of offshore companies.


The Australian Capital Territory Has Adopted Measures To Abolish Stamp Duty And Impose A Land Tax On All Real Property: Will This Approach Be Adopted By Other States In Australia?, John A. Mclaren Jan 2013

The Australian Capital Territory Has Adopted Measures To Abolish Stamp Duty And Impose A Land Tax On All Real Property: Will This Approach Be Adopted By Other States In Australia?, John A. Mclaren

Faculty of Business - Papers (Archive)

From 1 July 2012 the Australian Capital Territory (ACT) imposed land tax, in the form of general rates, on all commercial and residential property in the ACT, including owner occupied homes, on a progressive basis. Marginal rates of tax are applied on increased values of the land. The ACT is unique in that there is no local government so the ACT government was able to increase its general rates on owner‐occupied homes and reduce land tax on investment properties and commercial properties. As a result of the subsequent increase in government revenue, the ACT has substantially reduced stamp duty on …


Give The Wealthy A Tax Amnesty, The Budget Needs It, John A. Mclaren Jan 2013

Give The Wealthy A Tax Amnesty, The Budget Needs It, John A. Mclaren

Faculty of Business - Papers (Archive)

The Australian Taxation Office continues its campaign to track down the offshore bank accounts of wealthy Australians, amid a global effort to improve tax transparency.


Given The Fact That Australia Has Had A 'Petroleum Resource Rent Tax' Since 1987, Why Should There Be Any Opposition To A 'Mineral Resource Rent Tax'?, John A. Mclaren, Pierre Chabal Jan 2011

Given The Fact That Australia Has Had A 'Petroleum Resource Rent Tax' Since 1987, Why Should There Be Any Opposition To A 'Mineral Resource Rent Tax'?, John A. Mclaren, Pierre Chabal

Faculty of Business - Papers (Archive)

The Australian Government introduced a resource rent tax on offshore oil and gas deposits in 1987 and since then it has raised in excess of an additional $1 billion a year in revenue over and above the normal company tax on income. At the time it was being introduced a great deal of controversy followed the proposed introduction of the petroleum resource rent tax (PRRT). On 2 November 2011, the Australian government introduced the raft of bills into Parliament for the imposition of a Mineral Resource Rent Tax (MRRT) on profit generated from iron ore, coal and gas from coal …


Exchange Of Information Agreements With Tax Havens: How Will This Affect The Rights Of Non-Resident Taxpayers And Investors?, John Mclaren Jan 2010

Exchange Of Information Agreements With Tax Havens: How Will This Affect The Rights Of Non-Resident Taxpayers And Investors?, John Mclaren

Faculty of Business - Papers (Archive)

The Organisation for Economic Cooperation and Development (OECD) appears to have been successful in convincing tax havens and countries with strict bank secrecy laws to exchange information on non-resident taxpayers, investors and businesses using their financial services. As at 18 August 2010, the OECD have confirmed that more than 320 Tax Information Exchange Agreements (TIEAs) and 150 Double Taxation Conventions that incorporate the new transparency standards have been signed between OECD member countries and non-OECD member states since 2006.531 While this situation may be good for tax administrators in the pursuit of their goal of maximising the collection of tax …


The Distinction Between Tax Avoidance And Tax Evasion Has Become Blurred In Australia: Why Has It Happened?, John Mclaren Jan 2008

The Distinction Between Tax Avoidance And Tax Evasion Has Become Blurred In Australia: Why Has It Happened?, John Mclaren

Faculty of Business - Papers (Archive)

The distinction between tax avoidance and tax evasion has been well established in the Australian taxation system. However, for some time the Australian Government has ignored the difference between the two concepts when it comes to Australians using tax havens and being investigated as part of 'Project Wickenby'.1The Australian Government is deliberately labelling all attempts to minimise income tax through the use of tax havens and offshore financial centres (OFCs) as tax evasion and therefore a criminal act. There have been examples quoted in the press where the Australian Crime Commission, conducting investigations as part of 'Project Wickenby', have gained …


Personal Income Tax Reform In Australia: A Specific Proposal, Binh Tran-Nam, Linh Vu, Brian Andrew Jan 2007

Personal Income Tax Reform In Australia: A Specific Proposal, Binh Tran-Nam, Linh Vu, Brian Andrew

Faculty of Business - Papers (Archive)

This paper examines the possibility that foreign aid financing for public capital accumulation in developing countries may lead to excess depreciation of capital. The depreciation rate on public capital is endogenised in a general equilibrium framework in which the government collects a consumption tax to finance maintenance and repair expenditures as well as public investment. Tow simple cases are formulated and analysed to show that excess depreciation of public capital may result from budgetary and international aid and financing distortions that skew allocations to new investment rather than to maintenance of existing capital.


The Tax Offset For Entrepreneurs: A Critical Review Of The 25% Tax Offset Concession For Small Business, John Mclaren Jan 2006

The Tax Offset For Entrepreneurs: A Critical Review Of The 25% Tax Offset Concession For Small Business, John Mclaren

Faculty of Business - Papers (Archive)

From 1 July 2005, small business taxpayers using the Simplified Tax System and with a turnover of $50,000 or less are allowed a tax offset of 25 per cent on their tax payable. If turnover exceeds $50,000, the tax offset phases out at 1 per cent until the turnover reaches $75,000. This tax concession was part of the government's election statement made on 26 September 2004 in which the government stated that it wanted to assist and encourage small business entrepreneurs, particularly those set up from home. The steps involved in calculating the amount of tax offset that can be …