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Do Deterrents Prevent Undeclared Work? An Evaluation of the Rational Economic Actor Approach

Horodnic, Ioana Alexandra - 2018

Across the member states of the European Union and beyond, paid transactions occur that are not declared to the state for tax, social security and/or labour law purposes when they should be declared. This is not a minority practice. The undeclared economy is estimated to be equivalent to 17.9...

Persistent link: https://www.econbiz.de/10012929370

Chapter 6 The Theory of Public Enforcement of Law

Polinsky, A. Mitchell; Shavell, Steven - In: Handbook of law and economics : volume 1, (pp. 403-454). 2007

This chapter surveys the theory of the public enforcement of law—the use of governmental agents (regulators, inspectors … apprehending violators? A variety of extensions of the central theory are then examined, including: activity level; errors; the …-reporting; repeat offenders; imperfect knowledge about the probability and magnitude of sanctions; corruption; incapacitation; costly …

Persistent link: https://www.econbiz.de/10014023510

Proposed Regulations Perpetuate Income Distortion

Blasi, Ronald - 2011

This article discusses the proposal to modify regulations that determine a debt instrument's issue price whenever there is an exchange of an instrument involving publicly traded property. Under both proposed and current regulation section 1.1273-2, the issue price of an instrument received in an...

Persistent link: https://www.econbiz.de/10013125714

A Common Morality : Toward a Framework for Designing Fiscal Instruments to Respond to Global Climate Change

Brown, Eleanor Weston - 2014

Global climate change, largely the result of carbon emissions brought about by a global economy addicted to fossil fuel and committed to economic expansion, threatens the very viability of the economy that causes it. The relatively cheap price of fossil fuels does not account for the costs to...

Persistent link: https://www.econbiz.de/10013066600

Wealth and Taxes

Cochrane, John H. - 2020

Wealth inequality has become a heated political issue. Politicians claim that wealth concentration is rising and that people at the top are gaining at other people's expense. In this study, I examine problems with the measurement of wealth and discuss whether wealth inequality is an issue that...

Persistent link: https://www.econbiz.de/10012838025

Human Equity? Regulating the New Income Share Agreements

Oei, Shu-Yi - 2015

A controversial new financing phenomenon has recently emerged. New “income share agreements” (“ISAs”) enable an individual to raise funds by pledging a percentage of her future earnings to investors for a certain number of years. These contracts, which have been offered by entities such...

Persistent link: https://www.econbiz.de/10013033194

Excluding Expert Valuation Testimony

Gerzog, Wendy C. - 2011

Persistent link: https://www.econbiz.de/10014177263

The Case Against a Strict Liability Economic Substance Penalty

Thomas, Kathleen DeLaney - 2011

The latest wave in tax shelter reform is the recent codification of the so-called “economic substance doctrine” and the accompanying strict liability penalty for violations of the doctrine. The new strict liability penalty has been criticized by tax scholars and practitioners for being...

Persistent link: https://www.econbiz.de/10014184403

IT-APAs - Vertical Harmonization of Transfer - Pricing Standards

Ainsworth, Richard Thompson - 2019

The World Customs Organization (WCO) and the Organization of Economic Cooperation and Development (OECD) have begun considering the harmonization of transfer pricing norms among income tax, customs and VAT regimes. Two conferences have been organized in May of 2006 and 2007. These conferences...

Persistent link: https://www.econbiz.de/10014222467

Fiscal Federalism as Risk-Sharing : The Insurance Role of Redistributive Taxation

Brooks, John R. - 2015

In addition to funding government and redistributing income, a redistributive tax-and-transfer system, and a progressive income tax in particular, provides insurance against the risk of uncertain future income. By providing for high taxes for high incomes, and low taxes, exemptions, and...

Persistent link: https://www.econbiz.de/10014037135