Taxation In Crisis

Author : Dimitrios D. Thomakos,Konstantinos I. Nikolopoulos
Publisher : Springer
Page : 454 pages
File Size : 43,6 Mb
Release : 2017-10-28
Category : Business & Economics
ISBN : 9783319653105

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Taxation in Crisis by Dimitrios D. Thomakos,Konstantinos I. Nikolopoulos Pdf

This book offers a comprehensive guide to modern day taxation issues. It presents a thorough overview of many of the crucial aspects of applied taxation and current tax systems, and presents evidence that supports taxation as an important policy issue requiring immediate address globally. Contributions seek to address the core question of how to design a tax policy mix that can serve primarily efficiency, growth and possibly equity goals at a time where fiscal spending, for many economies, is not a viable option. Chapters provide a historical perspective on taxation, then go on to cover aspects of the modern theory of optimal taxation and tax design and provide valuable international perspectives on current tax practices and much required tax reforms. Empirical analysis on taxation and related economic data help the readers to understand how data-based observations and results are linked to the theory of taxation, and more importantly economic growth, before offering appropriate policy prescriptions. This book will be of interest to scholars and practitioners interested in learning more about taxation and why it matters today in the global economy.

Author : Julian S. Alworth,Giampaolo Arachi
Publisher : Oxford University Press
Page : 321 pages
File Size : 48,5 Mb
Release : 2012-02-23
Category : Business & Economics
ISBN : 9780199698165

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Taxation and the Financial Crisis by Julian S. Alworth,Giampaolo Arachi Pdf

This book examines how tax policies contributed to the financial crisis; whether taxation can play a role in the reform efforts to establish a sounder and safer financial system; and the pros and cons of various tax initiatives.

Author : Henry Aaron,Joel Slemrod
Publisher : Rowman & Littlefield
Page : 415 pages
File Size : 44,8 Mb
Release : 2004-05-20
Category : Business & Economics
ISBN : 9780815796565

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The Crisis in Tax Administration by Henry Aaron,Joel Slemrod Pdf

People pay taxes for two reasons. On the positive side, most people recognize, even if grudgingly, that payment of tax is a duty of citizenship. On the negative side, they know that the law requires payment, that evasion is a crime, and that willful failure to pay taxes is punishable by fines or imprisonment. The practical questions for tax administration are how to strengthen each of these motives to comply with the law. How much should be spent on enforcement and how should enforcement be organized to promote these objectives and achieve the best results per dollar spent? Over the last few years, the U.S. Congress has restricted spending on tax administration, forcing the Internal Revenue Service to curtail enforcement activities, at the same time, that the number of individual filers has increased, tax rules have become more complex, and more business have become multinational operations. But if too many cases of tax evasion go undetected and unpunished, those who may have grudgingly paid their taxes may soon find it easier to join the scofflaws. These events in combination have created a genuine crisis in tax administration. The chapters in this volume evaluate the capacity of authorities to enforce the tax laws in a modern, global economy and examine the implications of failing to do so. Specific aspects of tax law, including tax shelters, issues relating to small businesses, tax software, role of tax preparers, and the objectives of tax simplification are examined in detail. The volume also builds a conceptual basis for future scholarship, with regard not only to tax administration, but also to such fundamental questions as whether taxpayers respond mostly to economic incentives or are influenced by their experiences with the filing process and what is the proper framework for evaluating the allocation of resources within the IRS.

Author : Henry Aaron,Joel Slemrod
Publisher : Rowman & Littlefield
Page : 420 pages
File Size : 50,6 Mb
Release : 2004-05-20
Category : Political Science
ISBN : 0815796560

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The Crisis in Tax Administration by Henry Aaron,Joel Slemrod Pdf

People pay taxes for two reasons. On the positive side, most people recognize, even if grudgingly, that payment of tax is a duty of citizenship. On the negative side, they know that the law requires payment, that evasion is a crime, and that willful failure to pay taxes is punishable by fines or imprisonment. The practical questions for tax administration are how to strengthen each of these motives to comply with the law. How much should be spent on enforcement and how should enforcement be organized to promote these objectives and achieve the best results per dollar spent? Over the last few years, the U.S. Congress has restricted spending on tax administration, forcing the Internal Revenue Service to curtail enforcement activities, at the same time, that the number of individual filers has increased, tax rules have become more complex, and more business have become multinational operations. But if too many cases of tax evasion go undetected and unpunished, those who may have grudgingly paid their taxes may soon find it easier to join the scofflaws. These events in combination have created a genuine crisis in tax administration. The chapters in this volume evaluate the capacity of authorities to enforce the tax laws in a modern, global economy and examine the implications of failing to do so. Specific aspects of tax law, including tax shelters, issues relating to small businesses, tax software, role of tax preparers, and the objectives of tax simplification are examined in detail. The volume also builds a conceptual basis for future scholarship, with regard not only to tax administration, but also to such fundamental questions as whether taxpayers respond mostly to economic incentives or are influenced by their experiences with the filing process and what is the proper framework for evaluating the allocation of resources within the IRS.

Author : Max Sawicky
Publisher : Unknown
Page : 160 pages
File Size : 49,7 Mb
Release : 2005
Category : Business & Economics
ISBN : STANFORD:36105114459980

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Bridging the Tax Gap by Max Sawicky Pdf

Offering thorough understanding of the crisis facing federal tax administration and suggesting practical approach to solving issues that have arisen.

Author : Henry J. Aaron,Joel Slemrod
Publisher : Brookings Inst Press
Page : 402 pages
File Size : 45,8 Mb
Release : 2004
Category : Business & Economics
ISBN : 0815701233

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The Crisis in Tax Administration by Henry J. Aaron,Joel Slemrod Pdf

People pay taxes for two reasons. On the positive side, most people recognize, even if grudgingly, that payment of tax is a duty of citizenship. On the negative side, they know that the law requires payment, that evasion is a crime, and that willful failure to pay taxes is punishable by fines or imprisonment. The practical questions for tax administration are how to strengthen each of these motives to comply with the law. How much should be spent on enforcement and how should enforcement be organized to promote these objectives and achieve the best results per dollar spent?Over the last few years, the U.S. Congress has restricted spending on tax administration, forcing the Internal Revenue Service to curtail enforcement activities, at the same time, that the number of individual filers has increased, tax rules have become more complex, and more business have become multinational operations. But if too many cases of tax evasion go undetected and unpunished, those who may have grudgingly paid their taxes may soon find it easier to join the scofflaws. These events in combination have created a genuine crisis in tax administration.The chapters in this volume evaluate the capacity of authorities to enforce the tax laws in a modern, global economy and examine the implications of failing to do so. Specific aspects of tax law, including tax shelters, issues relating to small businesses, tax software, role of tax preparers, and the objectives of tax simplification are examined in detail.The volume also builds a conceptual basis for future scholarship, with regard not only to tax administration, but also to such fundamental questions as whether taxpayers respond mostly to economic incentives or are influenced by their experiences with the filing process and what is the proper framework for evaluating the allocation of resources within the IRS.

Author : Dominic de Cogan,Alexis Brassey,Peter Harris
Publisher : Bloomsbury Publishing
Page : 363 pages
File Size : 52,7 Mb
Release : 2023-05-04
Category : Law
ISBN : 9781509958054

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Tax Law in Times of Crisis and Recovery by Dominic de Cogan,Alexis Brassey,Peter Harris Pdf

This book examines the relationship between tax law and crisis. In times of environmental, financial, and public health breakdown, policymakers look to tax for solutions. Yet these crises also constrain the ways in which tax liabilities can be imposed and administered, and limit the revenues that can be collected. What should governments do in these circumstances and what are the wider consequences for states, societies, and institutions such as the EU? The book shows how crises place strain on the basic functions of tax, including revenue-raising, institution-building, regulation, redistribution, and the structuring of society. These strains bear more heavily on some sections of business and society than others. This makes the tax consequences of crisis unpredictable. It also means that the best choice of legal response is not merely a technical matter. Instead, it engages deeper attitudes towards crisis relief, change, social values, and democratic control. These issues are highlighted by COVID-19 but are of utmost lasting importance. The book takes a comprehensive approach and looks in more depth at the systemic roles that crises play in contemporary tax systems. It features an impressive cast of leading researchers across multiple jurisdictions and is essential for policymakers and scholars alike.

Author : John Brondolo
Publisher : INTERNATIONAL MONETARY FUND
Page : 39 pages
File Size : 45,6 Mb
Release : 2009-07-14
Category : Electronic
ISBN : 1462339441

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Collecting Taxes During an Economic Crisis: Challenges and Policy Options by John Brondolo Pdf

The global financial and economic crisis presents major challenges for tax agencies. With the economic downturn, tax agencies are encountering emerging compliance problems and greater demands for taxpayer support in the face of prospective budget cuts. To help address these challenges, this paper encourages tax agencies to develop a tax compliance strategy for the crisis by (1) expanding assistance to taxpayers, (2) refocusing enforcement on emerging compliance risks, (3) enacting legislative reforms that facilitate tax administration, and (4) improving communication programs. In each of these areas, the paper identifies specific measures to underpin the strategy, drawing on practices from leading tax agencies and experiences from IMF technical assistance. The paper also highlights emerging tax compliance issues in the financial sector.

Author : Laurence James Sharpe
Publisher : Sage Publications (CA)
Page : 288 pages
File Size : 52,6 Mb
Release : 1981
Category : Local finance
ISBN : UCAL:B4277587

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The Local Fiscal Crisis in Western Europe by Laurence James Sharpe Pdf

In Denmark and Norway public resistance to the growth of taxation of any kind has become the basis for new political parties. Yet in many countries, local governments cannot meet their expenditure from their own taxes. This supposed crisis of local finance is the focus for this group research effort.--Book jacket.

Author : James O'Connor
Publisher : Routledge
Page : 276 pages
File Size : 52,6 Mb
Release : 2017-07-12
Category : Political Science
ISBN : 9781351482769

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The Fiscal Crisis of the State by James O'Connor Pdf

Fiscal Crisis of the State refers to the tendency of government expenditures to outpace revenues in the U.S. in the late 1960s and early 1970s, but its relevance to other countries of the period and also in today's global economy is evident. When government expenditure constitutes a larger and larger share of total economy theorists who ignore the impact of the state budget do so at their own (and capitalism's) peril. This volume examines how changes in tax rates and tax structure used to regulate private economic activity. O'Connor theorizes that particular expenditures and programs and the budget as a whole can be understood only in terms of power relationships within the private economy. O'Connor's analysis includes an anatomy of American state capitalism, political power and budgetary control in the United States, social capital expenditures, social expenses of production, financing the budget, and the scope and limits of reform. He shows that the simultaneous growth of monopoly power and the state itself generate an increasingly severe social crisis. State monopolies indirectly determine the state budget by generating needs that the state must satisfy. The state administration organizes production as a result of a series of political decisions. Over time, there is a tendency for what O'Connor calls the social expenses of production to rise, and the state is increasingly compelled to socialize these expenses. The state has three ways to finance increased budgetary outlays: create state enterprises that produce social expenditures; issue debt and borrowing against further tax revenues; raise tax rates and introduce new taxes. None of these mechanisms are satisfactory. Neither the development of state enterprise nor the growth of state debt liberates the state from fiscal concerns. Similarly, tax finance is a form of economic exploitation and thus a problem for class analysis. O'Connor contends that the fiscal crisis of the capitalist state is the inev

Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
Page : 41 pages
File Size : 51,5 Mb
Release : 2009-12-06
Category : Business & Economics
ISBN : 9781498335928

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Debt Bias and Other Distortions by International Monetary Fund. Fiscal Affairs Dept. Pdf

Tax distortions are likely to have encouraged excessive leveraging and other financial market problems evident in the crisis. These effects have been little explored, but are potentially macro-relevant. Taxation can result, for example, in a net subsidy to borrowing of hundreds of basis points, raising debt-equity ratios and vulnerabilities from capital inflows. This paper reviews key channels by which tax distortions can significantly affect financial markets, drawing implications for tax design once the crisis has passed.

Author : Alberto Alesina,Francesco Giavazzi
Publisher : University of Chicago Press
Page : 596 pages
File Size : 51,9 Mb
Release : 2013-06-25
Category : Business & Economics
ISBN : 9780226018447

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Fiscal Policy after the Financial Crisis by Alberto Alesina,Francesco Giavazzi Pdf

The recent recession has brought fiscal policy back to the forefront, with economists and policy makers struggling to reach a consensus on highly political issues like tax rates and government spending. At the heart of the debate are fiscal multipliers, whose size and sensitivity determine the power of such policies to influence economic growth. Fiscal Policy after the Financial Crisis focuses on the effects of fiscal stimuli and increased government spending, with contributions that consider the measurement of the multiplier effect and its size. In the face of uncertainty over the sustainability of recent economic policies, further contributions to this volume discuss the merits of alternate means of debt reduction through decreased government spending or increased taxes. A final section examines how the short-term political forces driving fiscal policy might be balanced with aspects of the long-term planning governing monetary policy. A direct intervention in timely debates, Fiscal Policy after the Financial Crisis offers invaluable insights about various responses to the recent financial crisis.

Author : Ruud A. de Mooij,Mr.Michael Keen,Mr.Masanori Orihara
Publisher : International Monetary Fund
Page : 26 pages
File Size : 50,7 Mb
Release : 2013-02-25
Category : Business & Economics
ISBN : 9781475550276

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Taxation, Bank Leverage, and Financial Crises by Ruud A. de Mooij,Mr.Michael Keen,Mr.Masanori Orihara Pdf

That most corporate tax systems favor debt over equity finance is now widely recognized as, potentially, amplifying risks to financial stability. This paper makes a first attempt to explore, empirically, the link between this tax bias and the probability of financial crisis. It finds that greater tax bias is associated with significantly higher aggregate bank leverage, and that this in turn is associated with a significantly greater chance of crisis. The implication is that tax bias makes crises much more likely, and, conversely, that the welfare gains from policies to alleviate it can be substantial—far greater than previous studies, which have ignored financial stability considerations, suggest.

Author : Axel Hadenius
Publisher : Unknown
Page : 160 pages
File Size : 40,5 Mb
Release : 1986
Category : Expenditures, Public
ISBN : UOM:39015027241010

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A Crisis of the Welfare State? by Axel Hadenius Pdf

Author : Thomas Hemmelgarn,Gaëtan Nicodème
Publisher : Unknown
Page : 0 pages
File Size : 50,7 Mb
Release : 2010
Category : Fiscal policy
ISBN : 9279134698

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The 2008 Financial Crisis and Taxation Policy by Thomas Hemmelgarn,Gaëtan Nicodème Pdf

The 2008 financial crisis is the worst economic crisis since the Great Depression of 1929. It has been characterised by a housing bubble in a context of rapid credit expansion, high risk-taking and exacerbated financial leverage, leading to deleveraging and credit crunch when the bubble burst. This paper discusses the interactions between tax policy and the financial crisis. In particular, it reviews the existing evidence on the links between taxes and many characteristics of the crisis. Finally, it examines some possible future tax options to prevent such crises.