Search Results - subject:"tax law"

The Development of Centralised Income Taxation in Australia, 1901–1942

Krever, Richard; Mellor, Peter - 2023

By the time of Federation in Australia in 1901, all of Australia’s six States (then British Colonies) had introduced income taxes in some form. This chapter traces the subsequent development of the centralisation of Australia’s income taxation system from 1915, when the central...

Persistent link: https://www.econbiz.de/10014349371

G7 - Global Minimum Corporate Tax Rate of 15%

Challoumis - Κωνσταντίνος … - 2023

The additional tax on profits of international companies that participate in controlled transactions appears to be consistent with the transition from an arm's length to a fixed tax principle. The largest and most profitable international corporations will be taxed at a flat rate. Except for...

Persistent link: https://www.econbiz.de/10014349588

From Wartime Expedient to Enduring Element of Fiscal Federalism : Centralised Income Taxation in Australia since World War II

Krever, Richard; Mellor, Peter - 2023

In the midst of World War II, the Australian federal Labor government effectively appropriated the states’ income tax systems, with the understanding these would be returned after the war. A state challenge on constitutional grounds in the courts was unsuccessful. The appropriation suited...

Persistent link: https://www.econbiz.de/10014349589

Credit Rating Inflation and Corporate Tax Avoidance

Flynn, Sean; Kravet, Todd D.; Krupa, Trent; Piotrowski, … - 2023

Inflated credit ratings temporarily reduce the cost of debt and mitigate the impact of the tax avoidance risk premium. Consistent with this, we show that rating inflation is positively related to future tax avoidance, particularly for firms with less intense debtholder monitoring. The relation...

Persistent link: https://www.econbiz.de/10014349954

Asset Prices, Wealth Inequality, and Taxation

Basak, Suleyman; Chabakauri, Georgy - 2023

We investigate the interplay between asset prices, wealth inequality, and taxation in a dynamic general equilibrium economy populated by multiple agents with heterogeneous risk aversions. Tax revenues are collected from consumption taxes and are equally redistributed to all investors through...

Persistent link: https://www.econbiz.de/10014349958

Extraterritorial Taxation #10 : Violating Human Rights

Snyder, Laura - 2023

This is the tenth in a series of sixteen papers about the U.S extraterritorial tax system.The U.S. extraterritorial tax system violates multiple provisions of international human rights instruments that have been signed, or signed and ratified, by the United States. The rights in question...

Persistent link: https://www.econbiz.de/10014350234

A Democratic Perspective on Tax Law

Wallace, Clint - 2023

administrative law have turned to tax law to repair and support democratic governments. Taxation offers a toolset well equipped to …. This separation from democratic theory has left tax law scholars ill-equipped to respond to calls for help from more … contemporary debate in U.S. tax policy.Approached in this way, a democratic perspective on tax law and policy can facilitate tax …

Persistent link: https://www.econbiz.de/10014350424

The Complex Relationship between Corporate Income Tax and Foreign Direct Investment before and after Pillar Two

Pesiri, Stefano - 2023

This paper analyzes the complex relationship between Foreign Direct Investment (FDI) and tax rate, especially focusing on corporate income tax (CIT). Starting from the theories of tax competition, the paper focuses on the events of recent years, which have seen the spread of tax competition and...

Persistent link: https://www.econbiz.de/10014350547

Income Tax Reform Discussion Paper Canadian Context - International Applications & Implications

Howard, Jim - 2023

This paper proposes a viable alternative to the belief that Interest and Income Tax Rates are the Primary or Most Effective Tool for Addressing Income Inequality and Inflation while also ensuring necessary financial resources for public/government purposes. There “Are” options to achieve...

Persistent link: https://www.econbiz.de/10014350591

State Individual Income Tax Conformity in Practice : Evidence from the Tax Cuts and Jobs Act

Monahan, Amy - 2023

Nearly every state incorporates the federal tax code into its individual income tax system. This widespread incorporation has many supporters and has been justified on the basis that it is necessary in order for states to have a simple and efficient tax system. This article explores the...

Persistent link: https://www.econbiz.de/10014350769