On October 31, 2012, the Commissioner on Internal Revenue issued Revenue Memorandum Circular No. 65-2012 (“RMC 65-2012”) declaring that all association dues, membership fees, and other assessment/charges collected by condominium corporations shall now constitute income payments or...

The Aloha State has been on the front line of justice for decades, including tax justice. This is the story of a two-decade-plus journey of the Hawaii earned income tax credit — including how the state might better serve financially challenged residents as they navigate the global pandemic’s...

The Canadian taxpayer's name for tax cases is styled in full upper case letters i.e. "JOHN DOE" (capitis diminutio maxima), as that identifies the individual representing an "officer" defined by Canada's Income Tax Act and Canada Pension Plan. Officers are artificial legal persons that...

All forms of properties, whether tangible or intangible, gives benefit to its holders and so income tax is levied on the income derived from such properties. Intellectual Properties qualifies as an intangible property which gives monetary benefits to its holders and in present days have become a...

Reacting to the judicial ruling opining against its stand, the Government of India proposed to amend the provisions of the Income Tax Act, 1961 (“Act”) to bring to tax the amount of royalty/license fee etc. earned by the States from their undertakings. This proposal, which was accepted by...

We investigate how income tax reductions affect work hours. Our empirical strategy relies on the fact that, in states where taxpayers can deduct federal tax payments from state taxable income, federal tax changes are dampened. We study 2003 tax reforms (JGTRRA) that dramatically reduced federal...

This paper utilizes the 1992 household budget survey of Bulgaria to show the poor revenue effects of the income tax structure prevailing in 1992 which did not take into account the underlying distribution of income. We also show that Bulgaria can benefit from a much simpler and lower income tax...

This paper employs unique tax administrative data and operational audit information from a sample of approximately 7,500 self-employed U.S. taxpayers to investigate the effects of operational tax audits on future reporting behavior. Our estimates indicate that audits can have substantial...

The State of Hawaii allows paid State taxes as an itemized deduction on the State income tax return. The deduction is available only for individuals with Federal adjusted gross income less than $200,000. Hawaii also limits total itemized deductions to $50,000 for individuals with Federal...

Corporate income tax significantly affects the overall amount of government tax revenue. In spite of the attention being paid to many macroeconomic indicators (e.g. GDP, inflation, unemployment rate, etc.) influencing the total amount of tax revenues influence, we can hardly find empirical...