an income tax alters the tradeoff between asset liquidity and yield because: (1) high yields from illiquid assets are … the absence of an income tax. These distortions foster an excessively large financial sector, which exists in large part … to create (tax-favored) liquidity. The tax wedge between liquidity and yield also creates clientele effects, in which low …

All Direct and Indirect taxes accompanied by tax laws, accounting, auditing and tax returns, can be abolished if a new … tax system called “TOP Tax system” is adopted and implemented by all nations. TOP Tax system will relieve 7 billion people … of the world from the cobweb of ambiguous and complex tax structures, plethora of tax laws, mandatory and cumbersome …

conduct, or its ‘social capital'. This paper firstly considers the relationship between tax policy and social capital … policies on the players in the tax system. The paper concludes that weaknesses in Australia's taxation laws have proved to be …

to the government be paid before the debts owed to other creditors? This Article defends the notion that some tax debts … creditors, the tax priority debate should be understood as a fight about how much debtor default risk the government should have … limited through the grant of tax priority because, contrary to the claims of priority's critics, the government is constrained …

of the overall tax burden over per capita GDP. In average, an increase of 1 percent in the overall tax burden decreases …). Furthermore, additional econometric results pointed out that a revenue neutral fiscal policy which changes the tax structure …

Governments of EU Member States have been reducing statutory corporate income tax rates (“CIT”) for several years. What … encourages them to take part in tax competition? The article discusses several issues which are in favor of lower CIT rates. They … one of a number of reasons for CIT rate depression. Tax competition is fueled by the various sizes of the economies of EU …

This study analyzed whether gender is an important factor in explaining the behaviour of taxpayers towards tax … towards tax compliance across gender. Primary data was collected from 390 taxpayers using a closed-ended questionnaire set … towards tax compliance of which 84.23% is for male taxpayers while 71.86% is for female taxpayers. The results further …

a neoclassical growth model featuring "constant Frisch elasticity" (CFE) preferences. We provide new tax rate data. The … US can increase tax revenues by 30% by raising labor taxes and by 6% by raising capital income taxes. For the EU-14 we … obtain 8% and 1%. Dynamic scoring for the EU-14 shows that 54% of a labor tax cut and 79% of a capital tax cut are self …

all legislated tax changes and the motivations behind them. We then isolate those tax changes that were not motivated by … contemporaneous movements in the economy and classify them as exogenous tax changes. Our main empirical result shows that an exogenous … tax cut of 1 percent of GDP leads to a significant but short-run increase in output. Our analysis of disaggregated …

The study investigates how government can implement an increase in the rate of value-added tax (VAT) to ensure that the … first year). Government revenue (divided into VAT, tax and total revenue) registers the highest percentage changes under 2 …