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enforcement efforts in securities markets have proven difficult and uneven. The recent scandal in the United States, wherein a … again highlighted the importance of effective enforcement of securities regulation, as well as the challenges that … securities regulators around the world face in implementing credible enforcement programs. While in many instances it is indi …
Persistent link: https://www.econbiz.de/10012677824
In reaction to the recent financial crisis, increased attention has recently been given to financial transaction taxes … impact, and on key issues to be faced in designing taxes of this kind. …
Persistent link: https://www.econbiz.de/10008876594
We present a simple model of petroleum exploration and development that can be applied to study the performance of alternative tax systems and identify potential distortions. Although the model is a highly simplified, it incorporates many factors and some of the key tradeoffs that would...
Persistent link: https://www.econbiz.de/10009678956
This paper proposes a price-based measure to mitigate the destabilizing impact of the volatility of global capital movements on the domestic economy of a country pursuing sound economic policies. The measure is a withholding tax on all private capital inflows, with a credit and refund provision...
Persistent link: https://www.econbiz.de/10005263778
taxes are progressive and investigates whether tax reforms have made the poor better or worse off. Household survey analysis …
Persistent link: https://www.econbiz.de/10005263814
Social protection in industrial countries has been provided through regulations, tax expenditures, and public spending. This paper argues that globalization will affect governments’ ability to continue providing this social protection at the level of recent decades. Specifically, tax...
Persistent link: https://www.econbiz.de/10005264098
small tax rate cuts, which decrease incentives to evade taxes, can lead to increased revenues through spillovers - creating … Laffer effects. Interestingly, tax rate cuts here imply increasing effective taxes. The model is consistent with what …
Persistent link: https://www.econbiz.de/10005264157
If permanent output is uncertain, tax smoothing can be perilous: both debt levels and tax rates are difficult to stabilize and may drift upwards. One practical remedy would be to target the debt. However, our simulations confirm that such a policy would require undesirably volatile fiscal...
Persistent link: https://www.econbiz.de/10005264166
Investment-to-GDP ratios across the Caribbean tend to be relatively high. In many countries, these ratios have been trending higher since the mid-1990s, largely reflecting public investment and foreign direct investment. Private domestic investors have been less prominent. This may be one reason...
Persistent link: https://www.econbiz.de/10005264172
of direct and indirect taxes etc. The paper also makes use of a revenue performance index, and finds that while several …
Persistent link: https://www.econbiz.de/10005264219