Analyzing Taxes on Business Income with the Marginal Effective Tax Rate Model PDF Download
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Author: David Dunn
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 156
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Book Description
Many countries tax business income. Often the statutory tax rate differs substantially from the effective tax rate because of the many features involved in calculating taxable income and the frequent use of credits and other taxes on investment. The marginal effective tax rate (METR) model was developed for calculating the effective tax rates implied by business tax systems in developing countries. METR reveals some interesting patterns for ordinary tax systems : 1) with zero inflation, the statutory tax rate closely approximates the effective tax rate for ordinary tax systems. But at moderate rates of inflation, this approximation deteriorates; 2) indexation restores the close relationship between the effective tax rate and the statutory rate; 3) investment incentives reduce the effective tax rates, but incentive strengths depend on some fine points in tax calculations; and 4) effective tax rates tend to fall when the initial investment is partially financed with debt. This paper's goal is to make METR more widely available to individuals responsible for analysis of taxes on business income. By working with the model while progressing through the paper, the reader should soon be able to design and perform his own studies using METR.
Author: David Dunn
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 156
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Book Description
Many countries tax business income. Often the statutory tax rate differs substantially from the effective tax rate because of the many features involved in calculating taxable income and the frequent use of credits and other taxes on investment. The marginal effective tax rate (METR) model was developed for calculating the effective tax rates implied by business tax systems in developing countries. METR reveals some interesting patterns for ordinary tax systems : 1) with zero inflation, the statutory tax rate closely approximates the effective tax rate for ordinary tax systems. But at moderate rates of inflation, this approximation deteriorates; 2) indexation restores the close relationship between the effective tax rate and the statutory rate; 3) investment incentives reduce the effective tax rates, but incentive strengths depend on some fine points in tax calculations; and 4) effective tax rates tend to fall when the initial investment is partially financed with debt. This paper's goal is to make METR more widely available to individuals responsible for analysis of taxes on business income. By working with the model while progressing through the paper, the reader should soon be able to design and perform his own studies using METR.
Author: Donald DePamphilis
Publisher: Academic Press
ISBN: 0123854857
Category : Business & Economics
Languages : en
Pages : 784
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Book Description
Two strengths distinguish this textbook from others. One is its presentation of subjects in the contexts wherein they occur. The other is its use of current events. Other improvements have shortened and simplified chapters, increased the numbers and types of pedagogical supplements, and expanded the international appeal of examples.
Author: Steven D. Hanson
Publisher:
ISBN:
Category : Financial statements
Languages : en
Pages : 384
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Book Description
Author: Benjamin Carton
Publisher: International Monetary Fund
ISBN: 1484326016
Category : Business & Economics
Languages : en
Pages : 61
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Book Description
The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region, forward-looking, DSGE model developed at the International Monetary Fund for policy analysis and international economic research. This paper documents the incorporation of corporate income, cash-flow and destination based cash-flow taxes into the model. The analysis presented considers the transmission mechanism of these taxes and details how financial frictions interact with each of the taxes.
Author: Alan J. Auerbach
Publisher: Cambridge University Press
ISBN: 1139464515
Category : Business & Economics
Languages : en
Pages : 401
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Book Description
This book was first published in 2007. Most countries levy taxes on corporations, but the impact - and therefore the wisdom - of such taxes is highly controversial among economists. Does the burden of these taxes fall on wealthy shareowners, or is it passed along to those who work for, or buy the products of, corporations? Can a country with high corporate taxes remain competitive in the global economy? This book features research by leading economists and accountants that sheds light on these and related questions, including how taxes affect corporate dividend policy, stock market value, avoidance, and evasion. The studies promise to inform both future tax policy and regulatory policy, especially in light of the Sarbanes-Oxley Act and other actions by the Securities and Exchange Commission that are having profound effects on the market for tax planning and auditing in the wake of the well-publicized accounting scandals in Enron and WorldCom.
Author: Peter B. Dixon
Publisher: Newnes
ISBN: 0444536353
Category : Business & Economics
Languages : en
Pages : 1143
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Book Description
In this collection of 17 articles, top scholars synthesize and analyze scholarship on this widely used tool of policy analysis, setting forth its accomplishments, difficulties, and means of implementation. Though CGE modeling does not play a prominent role in top US graduate schools, it is employed universally in the development of economic policy. This collection is particularly important because it presents a history of modeling applications and examines competing points of view. - Presents coherent summaries of CGE theories that inform major model types - Covers the construction of CGE databases, model solving, and computer-assisted interpretation of results - Shows how CGE modeling has made a contribution to economic policy
Author: Mary E. Burfisher
Publisher: Cambridge University Press
ISBN: 1107132207
Category : Business & Economics
Languages : en
Pages : 443
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Book Description
The book provides a hands-on introduction to computable general equilibrium (CGE) models, written at an accessible, undergraduate level.
Author: James R. Hines
Publisher: University of Chicago Press
ISBN: 0226341755
Category : Business & Economics
Languages : en
Pages : 285
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Book Description
Because the actions of multinational corporations have a clear and direct effect on the flow of capital throughout the world, how and why these firms behave the way they do is a major issue for national governments and their policymakers. With an unprecedented ability to adjust the scale, character, and location of their global operations, international corporations have become increasingly sensitive to the kind and degree of tax obligations imposed on them by both host and home countries. Tax rules affect the volume of foreign direct investment, corporate borrowing, transfer pricing, dividend and royalty payments, and research and development. National governments that tax the profits of international firms face important challenges in designing tax policies to attract them. This collection examines the global ramifications of tax policies, offering up-to-date, theoretically innovative, and empirically sound perspectives on a problem of immense significance to future economic growth around the globe.
Author:
Publisher:
ISBN:
Category : Taxation
Languages : en
Pages : 200
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Book Description
Author: Daron Acemoglu
Publisher: Crown Currency
ISBN: 0307719227
Category : Business & Economics
Languages : en
Pages : 546
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Book Description
NEW YORK TIMES AND WALL STREET JOURNAL BESTSELLER • From two winners of the 2024 Nobel Prize in Economic Sciences, “who have demonstrated the importance of societal institutions for a country’s prosperity” “A wildly ambitious work that hopscotches through history and around the world to answer the very big question of why some countries get rich and others don’t.”—The New York Times FINALIST: Financial Times and Goldman Sachs Business Book of the Year Award • ONE OF THE BEST BOOKS OF THE YEAR: The Washington Post, Financial Times, The Economist, BusinessWeek, Bloomberg, The Christian Science Monitor, The Plain Dealer Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, or geography that determines prosperity or poverty? As Why Nations Fail shows, none of these factors is either definitive or destiny. Drawing on fifteen years of original research, Daron Acemoglu and James Robinson conclusively show that it is our man-made political and economic institutions that underlie economic success (or the lack of it). Korea, to take just one example, is a remarkably homogenous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The differences between the Koreas is due to the politics that created those two different institutional trajectories. Acemoglu and Robinson marshal extraordinary historical evidence from the Roman Empire, the Mayan city-states, the Soviet Union, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, among them: • Will China’s economy continue to grow at such a high speed and ultimately overwhelm the West? • Are America’s best days behind it? Are we creating a vicious cycle that enriches and empowers a small minority? “This book will change the way people think about the wealth and poverty of nations . . . as ambitious as Jared Diamond’s Guns, Germs, and Steel.”—BusinessWeek
