Some Comments on Tax Competition and Its Potential Effects on Tax Rates and Revenues

Corporate taxation is seen as the price of investing in a country, that is, the price either for the right to do business within the jurisdiction or for the supply of public goods. If consumption of that right or those public goods is mobile between jurisdictions and price competition ensues which will force prices together. Also, in the case of high tax regimes, a fall in the tax burden would be anticipated. In other words, countries will spontaneously harmonize their tax systems or face the loss of intemational investment and the disadvantages they bring.

The Role of Accounting Dimensions of Corporate Governance in Improving the Tax Return in Egypt

This research aims to identify the impact of the accounting dimensions of corporate governance on the quality of tax return,as well as their impact on tax revenues.A quantitative research was carried out based on a questionnaire distributed to a selected sample of auditors,academics from the Department of Accounting and Finance Managers.Two research hypotheses were tested.Results show a relationship between the application of accounting dimensions of corporate governance and improving the quality of tax returns,as well as there is a relationship between the application of accounting dimensions of corporate governance and the increase of tax revenues.

Research on the capital structural optimization based on the coexistence condition of company＇s income tax and individual income tax

Capital structure denotes enterprises＇ form and proportion relation of various long-term funds source. The capital structure is the combination problem of the long-term funds about enterprise development and it is the quantity and proportion between every fund form. This paper analyzes the various factors which affect capital structural decision-making, and introduces capital structural optimization theory of the shelter benefit of tax revenue and bankruptcy cost balance. It studies the method and the evaluation criterion of capital structural optimization. And it constructs capital structural optimization model of coexistence condition of company＇s income tax and individual income tax. This will be very helpful for the rationality of enterprise capital structure.

Empirical Test of Wagner＇s law in New Public Management Countries＇ Tax Revenue

The essence of empirical test of Wagner characteristic in new public management countries＇ tax revenue is to test the influence of economic growth on tax growth since new public management movement. Under IMF statistical framework, by using E-G two-step method in co-integration test and Granger causality test and empirically testing of the gross tax revenue and classified tax revenue in Australian, Canada, France, America, Britain these five countries, we can find that most indicators in most countries do not confirm to Wagner＇ s law. With the growth of GDP, tax revenue as a percentage of GDP rises periodically but not permanently. This period can be called the validity period of Wagner＇ s law in financial scale.

Environment, Health and Economic Growth： Study on Optimal Energy Tax Revenue Distribution

Under the dual pressures of economic growth and environmental protection,how to curb pollution and raise public welfare without harming the economy or with minimal economic output losses has become a major question facing China in its efforts to transform growth pattern and accomplish economic transition. On the basis of an overlapping generation(OLG) model, this paper introduces the health effects of environmental pollution to systematically discuss the optimal distribution ratio of energy tax revenues in subsidizing household income and emission abatement under given tax rates to reduce the risks of "environment-health-poverty" trap. Our research shows that an optimal distribution ratio for maximizing per capita output or an optimal distribution ratio for maximizing public welfare exists. Based on China's actual parameters, however, this study has found that China's energy tax revenue distribution policy hardly meets the two optimal targets at the same time. Specific distribution ratio is subject to government decision-making preference, and needs to be adjusted according to actual differences.

Poverty Volatility and Tax Revenue Instability in Developing Countries

This paper complements the relatively few existing studies on the macroeconomic effects of poverty in developing countries, by investigating the effect of poverty volatility on tax revenue instability. The empirical analysis has been conducted using an unbalanced panel dataset of 97 developing countries covering the period of 1980–2017 and primarily the two-step system generalized method of moments estimator. Findings have revealed that least developed countries tend to experience a positive tax revenue instability effect of poverty volatility, while poverty volatility results in lower tax revenue instability in relatively advanced countries. Additionally, poverty volatility dampens the instability of tax revenue when poverty rates are low, and enhances it when countries face a greater extent of external shocks. From a policy perspective, this analysis shows that it would be essential for policymakers to dampen the volatility of poverty rates (notably in countries with high poverty rates) if they were to ensure the stability of tax revenue or reduce its instability, given the adverse effect of tax revenue instability on economic growth.

Price, Tax and Cigarette Smoking： Simulations of China＇s Tobacco Tax Policy

This paper explains the tobacco tax structure and cigarette pricing mechanism in China, develops a general analytical framework for analyzing the Chinese tobacco turnover tax system, and examines the effects of 2009 tobacco tax adjustment on cigarette prices and tax revenue. We find that although the tax is not the most important factor determining cigarette retail prices, the tobacco tax does significantly affect the tobacco industry＇s profits under the current tobacco monopoly system in China. Therefore, the adjustment of the tobacco excise tax in 2009 did not raise cigarette retail prices, instead government tax revenue increased. In other words, the net result of the tax adjustment was a transfer of the tobacco industry＇s profit to government tax revenues. Profit margins ultimately determine cigarette wholesale and retail prices. From the perspective of tobacco control, China needs to reform its tobacco tax system and collect taxes at the retail level to increase overall cigarette retail prices, as well as reduce the government＇s monopolization over cigarette productions and sales.

Tax Incentives:Tax Revenue versus GDP in Malaysia

Malaysia has a set of"blessed advantages"over other members of ASEAN in terms of fiscal incentives,environmental perspectives and established infrastructures.MNEs are welcome to invest in Malaysia as they could generate substantial income at the expense of significant tax benefits,compared with local companies.The proceeds of business can be diversified into venture capitals and private equities,earning sustainable investment returns and large capital gains upon realisation.Despite tax forgone,Malaysia continues furthering tax incentives to attract FDI.