This paper focuses on a common problem for entrepreneurs and investors:the uncertainty around the actual tax rate,which is the percent of net income that a corporation pays in taxes.This uncertainty results from a dif...This paper focuses on a common problem for entrepreneurs and investors:the uncertainty around the actual tax rate,which is the percent of net income that a corporation pays in taxes.This uncertainty results from a difference(i.e.,a gap)between the statutory and the effective tax rate,which is the actual tax rate.This gap results from the legal framework which provides that certain types of incomes and expenses are not considered income.This gap causes significant uncertainty and may hinder entrepreneurship.This paper studies this gap in seven OECD countries(Austria,Canada,France,Germany,Italy,UK,and USA)and Brazil.We selected the 10 top-listed companies of each country and calculated the gaps for the period 2016-2019.Our findings proved that these gaps are unstable and may differ between companies of the same country and between countries.In addition,gaps of specific companies may change over time.The key outcome of this paper is the proposal of a new derivative tax rate swap.Using this derivative,governments will be able to eliminate the gap of specific companies,attract new investment,and increase entrepreneurship.展开更多
In answering three important questions related to natural law,this paper offers a coherent explanation of the market.We argue that the market,rather than a mechanism that simply serves narrow self-interests,finds its ...In answering three important questions related to natural law,this paper offers a coherent explanation of the market.We argue that the market,rather than a mechanism that simply serves narrow self-interests,finds its legitimacy in the ethical origins of the market order.The need for law to support and sustain the market,including by imposing necessary limits on the freedom of the market players,flows from those ethical origins.展开更多
文摘尽管检疫制度的正式创立距今已有几个世纪，但是，为了防止危险微生物的传播而将其付诸实施时仍会引起人们的关注。美国公民Andrew Speaker所引发的争论就是证明。Andrew Speaker因被诊断肺部患有广泛耐药结核病（extensively drug-resistant tuberculosis，XDR-TB）而被美国疾病预防控制中心（Disease Control and Prevention，CDC）扣留隔离。Speaker事件因此成了轰动一时的新闻，也引发了一系列相关问题的争议，比如XDR-TB的出现、美国公共卫生权力机构的正当性以及XDR-TB全球威胁的重要性等。
文摘This paper focuses on a common problem for entrepreneurs and investors:the uncertainty around the actual tax rate,which is the percent of net income that a corporation pays in taxes.This uncertainty results from a difference(i.e.,a gap)between the statutory and the effective tax rate,which is the actual tax rate.This gap results from the legal framework which provides that certain types of incomes and expenses are not considered income.This gap causes significant uncertainty and may hinder entrepreneurship.This paper studies this gap in seven OECD countries(Austria,Canada,France,Germany,Italy,UK,and USA)and Brazil.We selected the 10 top-listed companies of each country and calculated the gaps for the period 2016-2019.Our findings proved that these gaps are unstable and may differ between companies of the same country and between countries.In addition,gaps of specific companies may change over time.The key outcome of this paper is the proposal of a new derivative tax rate swap.Using this derivative,governments will be able to eliminate the gap of specific companies,attract new investment,and increase entrepreneurship.
文摘In answering three important questions related to natural law,this paper offers a coherent explanation of the market.We argue that the market,rather than a mechanism that simply serves narrow self-interests,finds its legitimacy in the ethical origins of the market order.The need for law to support and sustain the market,including by imposing necessary limits on the freedom of the market players,flows from those ethical origins.
