This report releases the findings of a project undertaken with Delegates of Working
Party No. 2 of the OECD Committee on Fiscal Affairs, investigating policy
considerations in the tax treatment of capital gains of individuals and alternative design
features of capital gains tax provisions, with a focus on the ‘pure domestic’ case (capital
gains/losses of resident taxpayers on domestic assets).
A genuine EMU needs a comprehensive approach to tackle the vicious circle of excessive
private sector indebtedness, unsustainable sovereign debt and banking sector weakness. The
EU lacks a global framework which fills in the gaps in a fully integrated financial services
policy, with a single supervisory mechanism for banks and a single rule book to govern all
financial institutions. It also needs to complete and implement the more effective mechanisms
put forward to prevent and correct unsustainable fiscal policies and economic imbalances.
People are concerned about the size of government and inequities in the distribution of taxes, so this chapter focused on the problems of government size and of tax distributions. After the fears of people were discussed and conclusions were reached that some worries are well-founded and some are not, the problems of government size and tax distributions were approached in the same manner.
In this chapter students will be able to: Apply the supply and demand model and the concepts of consumer and producer surplus to the markets for tobacco, alcohol, and illegal goods and services, conclude that economists endorse interference in a market for reasons related to the information and costs to innocent third parties, utilize the concept of elasticity of demand to analyze who gets hurt by taxes on tobacco and alcohol, analyze the impact of drug legalization.
After studying this chapter you will be able to: Describe what Social Security is and its basic tax and benefit structure, detail the history of changes to the program since its inception, explain the economic rationale for having such a system, enumerate the effects of the program on work and savings,...
After studying this chapter you will be able to: Explain the rudiments of how taxes work, describe the concepts of horizontal and vertical equity and how they apply to the issue of taxation, summarize the trade-off that exists between simplicity and horizontal equity when people are making tax policy, describe how taxes can alter the incentives of people to work and save, list examples of where taxes are used to motivate socially desirable outcomes.
Chapter 37 - Taxing the returns on capital. In this chapter, the following content will be discussed: Capital income and earned income: who makes it? how capital income should be taxed, the current system, the effect of capital taxation on growth.
This version includes amendments resulting from IFRSs issued up to 31 December 2008. IAS 12 Income Taxes was issued by the International Accounting Standards Committee (IASC) in October 1996. It replaced IAS 12 Accounting for Taxes on Income (issued in July 1979).
SIC Interpretation 21: Income taxes - Recovery of revalued non-depreciable assets. This version includes amendments resulting from IFRSs issued up to 31 December 2008. SIC-21 Income taxes - Recovery of revalued non-depreciable assets was developed by the Standing Interpretations Committee and issued in July 2000.
SIC Interpretation 25: Income taxes - Changes in the tax status of an entity or its shareholders. This version includes amendments resulting from IFRSs issued up to 31 December 2008. SIC-25 Income taxes - Changes in the tax status of an entity or its shareholders was developed by the Standing Interpretations Committee and issued in July 2000.
Advances in Quantitative Analysis of Finance and Accounting is an annual
publication designed to disseminate developments in the quantitative analysis
of finance and accounting. The publication is a forum for statistical and
quantitative analyses of issues in finance and accounting as well as applications
of quantitative methods to problems in financial management, financial
accounting, and businessmanagement.The objective is to promote interaction
between academic research in finance and accounting and applied research in
the financial community and the accounting profession....
The current liabilities section of the balance sheet contains obligations that are due to be satisfied in
the near term, and includes amounts relating to accounts payable, salaries, utilities, taxes, short-term
loans, and so forth. This casual description is inadequate for all situations, so accountants have
developed a very specific definition to deal with more issues.
The publication of the very first issue of a new journal is always an exciting
and eagerly awaited event. International Trade and Business Law Journal
publishes articles, comments, case notes, and book reviews on foreign law,
comparative law, and international trade law. This first issue contains articles
on the International Sales Convention (Honnold), European Monetary Union
(Follak), quality and title warranties in transfers of computer software
(Adams), and legal aspects of foreign investment in Vietnam (Trai Le)....
The increased speed and mobility of business activities and cross-border transactions resulting from internet usage has particular implications for applying transfer pricing methods and for taxing business profits. This book presents a two-part look at existing OECD positions on these issues.
Taxes matter! Nobody seriously doubts this. Yet many ﬁnance textbooks keep
entirely quiet about tax issues. It is well-known that investors and enterprises strive
to maximize their income net of taxes, yet business schools rarely teach their stu-
dents how tax effects impact business decisions. Ignoring tax effects will typically
lead to investor decisions that are wrong froma real world perspective.
When I first started out in the record business, and was struggling to get
by, my Aunt Joyce was kind enough to give me a small loan.
In my case, as maybe in yours, my aunt had heard through the
family grapevine that I needed a loan, and when I came knocking on
her front door, she was prepared with her offer. I was incredibly grateful,
took it very seriously, and paid her back—with generous interest—as
soon as I was able.
That loan kept the Virgin Records recording studio afloat. It gave
me the time and resources I needed to make my business a success. And
many years and...
I and my fellow Board members at the International Accounting Standards Board (IASB) are committed
to developing high quality, understandable, and enforceable global accounting standards that meet the demands
for comparable and transparent information in the world’s capital markets. Recently we completed a
work program to develop and issue a stable platform of such standards. Those standards, the International
Financial Reporting Standards (IFRS), are now being implemented in a large number of countries around the
Among performance audits, the number and complexity of the planning issues can be even
greater. The methodology for assessing the operating efficiency of an entity will be quite
different from that for attempting to measure the effectiveness of a programme in achieving
its stated objectives. These two kinds of audits involve collecting and analysing different
kinds of data from different sources.
The Gale Encyclopedia of Everyday Law is a twovolume
encyclopedia of practical information on
laws and issues affecting people’s everyday lives.
Readers will turn to this work for help in answering
questions such as, “What is involved in estate
planning?” “Do I have any recourse to noisy neighbors?”
and “What are the consequences of an
expired visa?” This Encyclopedia aims to educate
people about their rights under the law, although it
is not intended as a self-help or ‘do-it-yourself’