Aim: The objective of the paper is to construct an index of fiscal performance of Indian states using four non-parametric approaches ( Data Envelopment Analysis(DEA), Free Disposal Hull(FDH), Order-m and Order-alpha).The reason behind using non-parametric methods for the purpose of construction...

We investigate whether issuers that choose to forgo a bond rating suffer an interest cost penalty greater than the cost of the rating. We use estimated ratings provided by Moody's Investor Service to proxy for what the rating would have been if it had been purchased. We find that the primary...

Crises force us to stop and think. This paper examines the prospect of deep reform of national planning in Africa in response to COVID-19. The paper is a contrasted case study of Kenya and Uganda. The attempt at generalisation across Africa draws on a shared history of state formation. And a...

Since the Watergate scandal, campaign finance reform has been the focus of a great deal of national attention. Legislation has attempted to limit the amount that individuals or various entities may contribute to candidates or spend on political advertising or campaigns. Although the public...

The article considers perceptions of the new Russian energy policy in the oil and gas sector in Eastern Europe with a particular focus on the Polish perspective. The paper explains the regional reservations in Poland, Ukraine, Belarus, and the Baltic States to the Russo-German cooperation on the...

This paper describes tax reforms in OECD countries over the last 20 years and how they are related to tax competition. Both individual countries' reforms and multilateral initiatives and developments are covered. This is followed by an overview of the empirical evidence on tax competition. Our...

Income Tax and National Insurance are now sufficiently similar that merging them appears to be a plausible option, yet still sufficiently different that integration raises significant difficulties. This paper surveys the potential benefits of integration – increased transparency and reduced...

We analyse a puzzle in the UK corporation tax: by both historic and international standards corporation tax revenues have been high while the statutory rate has been low. Possible explanations include the following: changes in tax law that may have increased effective tax rates; other factors...

This paper examines the corporation tax forecasting techniques used by the Institute for Fiscal Studies. For current year forecasts a judgemental forecast is found to have performed better than relying solely on a simple model or information on the receipts available so far in the current...

This paper contributes to the empirical literature on the transfer pricing behavior of multinational firms. Previous research mainly focuses on transfer pricing as a means of tax optimization. Our approach concentrates on transfer pricing as a critical compliance issue. Specifically, we...