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The design of effective aid programs depends on the diagnosis of the problem. To say that institutional failures are central to Africa's poor economic performance is not to repudiate early interpretations based on policy failures and capital shortages. Institutional failures produce policy...
Persistent link: https://www.econbiz.de/10005133885
Tax policy instruments are often used to stimulate private investment in developing countries. But researchers have not explored how well such policies have met stated policy objectives. To evaluate the cost-effectiveness of tax incentives for industrial and technological development, the...
Persistent link: https://www.econbiz.de/10005134055
This paper suggests a consumption-based direct tax, referred to here as a simplified alternative tax or SAT, as an alternative to the standard income tax for reforming socialist economies (RSEs). The paper consists of seven sections. Section I serves as an introduction. Section II outlines some...
Persistent link: https://www.econbiz.de/10005134126
Considerable interest has been expressed in recent years by tax theorists as well as practitioners, for the taxation of companies based on their cash flow. Unlike the equity-income tax base, which requires the deductibility of economic depreciation and debt financing costs, the cash-flow base...
Persistent link: https://www.econbiz.de/10005134326
This paper proposes a framework for analyzing international-income taxation. The standard approach, involving the user cost of capital, is extended to incorporate the role of tax policy implemented by the home country. Tax provisions of home countries vary significantly. Of particular relevance...
Persistent link: https://www.econbiz.de/10005134387
In World Trade Organization (WTO) accession negotiations, telecommunications is always a sector that receives close scrutiny by the WTO Working Party, and the extent of market access and nondiscriminatory treatment of multinational telecommunications companies in Russia has been a significant...
Persistent link: https://www.econbiz.de/10005141397
The authors examine to what extent features of the international tax system and indicators of transaction costs affect the required rates of return on emerging stock markets. They show that the capital gains withholding tax levied on foreign portfolio investors increases required pre-tax rates...
Persistent link: https://www.econbiz.de/10005141764
Inflation causes conventionally reported income to differ from real economic income because standard accounting procedures are based on the assumption of price stability. Because of this mismeasurement of economic income, a tax on reported income may distort economic decisions and generate...
Persistent link: https://www.econbiz.de/10005115995
The authors argue that emerging economies borrow short term due to the high risk premium charged by international capital markets on long-term debt. They first present a model where the debt maturity structure is the outcome of a risk-sharing problem between the government and bondholders. By...
Persistent link: https://www.econbiz.de/10005116031
The success with which middle-income indebted developing countries have gained access to private international finance in the 1990s is a tribute to their own domestic economic performance, international policy in dealing with the debt crisis of the 1980s, and innovation in international...
Persistent link: https://www.econbiz.de/10005116232