scholarly journals Corporate Taxation in a Circular Economy

2022 ◽  
pp. 53-61
Author(s):  
Jan Gooijer
Keyword(s):  
Circular Economy ◽  
Corporate Taxation ◽  
Corporate Tax

AbstractA circular economy leads to challenges for the system of corporate taxation. However, there exist already a legal rationale for the levy of corporate tax in a circular economy. Such a rationale, a convincing raison d’être for corporate taxation in a circular economy, contributes to the legitimacy for a green corporate tax. I explore some new measures in corporate taxation that are consistent with a circular economy.

Study on the Problems and Countermeasures of Circular Economy Development of China's Coal Industry

2014 ◽  
Vol 1010-1012 ◽  
pp. 2080-2085
Author(s):  
Hao Liu ◽  
Xin Ling Wang
Keyword(s):  
Technological Innovation ◽  
Circular Economy ◽  
Coal Industry ◽  
Government Procurement ◽  
Protective Effects ◽  
Corporate Tax ◽  
Procurement Policy ◽  
Budget Policy ◽  
The Government ◽  
The Government Procurement

At present, the circular economy of China's coal industry achieved remarkable results, but there are many problems: extensive coal mining and utilization, corporate tax burden heavier, lack of funds of the circular economy development, the policies of the circular economy development absence. The main reasons for these problems are: lack of funds of circular economy development of coal industry, lack of professionals of circular economy development of coal industry, lack of technical support of circular economy development of coal industry, absence and not in place of policy of circular economy development of coal industry, industry and local protective effects of restricting the development of circular economy, industry regulations and standards are not perfect. To solve these problems, China should improve Industrial policy, vigorously promote technological innovation of the coal industry, should improve the tax policy, the investment budget policy and the government procurement policy.

scholarly journals Recent developments in Corporate Taxation in Sweden

2014 ◽  
Vol 2014 (2) ◽  
pp. 195-214 ◽  
Author(s):  
Christian Thomann
Keyword(s):  
Corporate Taxation ◽  
Equity Capital ◽  
Corporate Tax ◽  
Firm Level ◽  
Tax System ◽  
Debt Capital ◽  
Recent Developments ◽  
Tax Payments ◽  
Interest Costs ◽  
Taxation Data

Abstract This article investigates if increasing neutrality between debt and equity capital might improve the efficiency in a corporate tax system. Firm-level and sector- level taxation data from Sweden is used to study if a tax system that is characterized by very few limitations with respect to the deductibility of interest costs leads to systematic differences in the taxes paid by different sectors. This paper finds that there are differences between different sectors’ tax payments and these differences can be explained by the sectors’ use of debt capital.

scholarly journals The international Challenges and Finnish Corporate Taxation

2014 ◽  
Vol 2014 (2) ◽  
pp. 132-148
Author(s):  
Juha Lindgren
Keyword(s):  
Corporate Taxation ◽  
Corporate Tax ◽  
Tax Base ◽  
Tax Rate ◽  
Cross Border ◽  
Exchange Of Information ◽  
The Cross ◽  
National Tax

Abstract One of the main trends in Finnish corporate taxation during the last ten years has been the lowering of the corporate tax rate. The decision to lower the corporate tax rate to 20% from the beginning of 2014 also changed the approach in reforming the corporate taxation as it was decided to stay on the grounds of a broad tax base and not to make loopholes in it with targeted exceptions. The Finnish corporate taxation contains also some provisions that act as incentives for investment and the establishment of companies. However, the focus has been lately on the rules with purpose to protect the national tax base. Therefore, article handles both the specific anti avoidance rules and the application of the general anti avoidance rule on the cross-border transactions. Some particular challenges and the exchange of information are also taken into account before the conclusion with some ideas and aspects on future reforms.

scholarly journals The Impact of the Digital Economy on Corporate Taxation From the Perspective of Supply Chain

2021 ◽  
Vol 275 ◽  
pp. 01067
Author(s):  
Chen Zhang ◽  
Liting Gao
Keyword(s):  
Supply Chain ◽  
Financial Management ◽  
Digital Economy ◽  
Corporate Taxation ◽  
Corporate Tax ◽  
Corporate Development ◽  
Tax Management ◽  
Social And Economic Development ◽  
Taxation Management ◽  
The Impact

Supply chain is the unification of modern information flow, capital flow and logistics. Corporate tax management is an important part of corporate financial management, and its management results will have a direct impact on corporate development. In the current environment of rapid social and economic development, taxation management has penetrated into the entire supply chain of an enterprise, and has played its due value to the business development of the enterprise. Based on the perspective of the supply chain, this article studies the impact of the digital economy on corporate taxation, focusing on the analysis of the problems in corporate taxation management, and puts forward relevant suggestions based on the analysis results for reference.

scholarly journals Global inequalities in taxing rights: An early evaluation of the OECD tax reform proposals

2019 ◽  
Author(s):  
Alex Cobham ◽  
Tommaso Faccio ◽  
Valpy FitzGerald
Keyword(s):  
Tax Reform ◽  
Oecd Countries ◽  
Corporate Taxation ◽  
Lower Income ◽  
Corporate Tax ◽  
Early Evaluation ◽  
Public Evaluation ◽  
Independent Commission ◽  
Lower Income Countries

The current OECD process to reform the international rules governing corporate tax, aimed to achieve a consensus solution by 2020, has finally recognised the need to introduce elements of formulary apportionment to allocate the profits of multinationals and is framed explicitly in terms of redistributing taxing rights between countries. In this paper we provide the first public evaluation of the redistribution of taxing rights associated with the leading proposals of the OECD, IMF and the Independent Commission for the Reform of International Corporate Taxation (ICRICT). The first key finding is that that reallocation of taxing rights towards “market jurisdictions”, as it is currently understood, is likely to be of little benefit to non-OECD countries. Indeed, the proposal is likely to reduce revenues for a range of lower-income countries. Second, all of the proposals deliver a much broader distribution of benefits if some element of taxing rights is apportioned according to the location of multinationals’ employment, and not only of sales.

The impact of R&D tax incentive programs on the performance of innovative companies

foresight ◽  
2019 ◽  
Vol 21 (5) ◽  
pp. 545-562
Author(s):  
Elena Makeeva ◽  
Ilona Murashkina ◽  
Irina Mikhaleva
Keyword(s):  
Explanatory Variable ◽  
Corporate Taxation ◽  
Corporate Tax ◽  
Data Set ◽  
Content Type ◽  
Tax Rate ◽  
Incentive Programs ◽  
Incentive Program ◽  
Tax Incentive ◽  
The Impact

Purpose This study aims to explore the influence of corporate taxation on the performance of innovative companies under various research and development (R&D) tax incentive programs. Design/methodology/approach The empirical model is based on the data of 520 companies for period 2007-2016. This model includes return on assets as the main proxy for performance and effective tax rate as a main explanatory variable. Controlling for other known determinants, the authors divide the sample into the subsamples to control for the various R&D tax incentive programs. The fact that the model includes the lagged explanatory variable of performance the Blundell –Bond model was applied. Findings The authors found evidence that corporate taxation has a significant impact on performance, but the direction could be ambiguous. Impact of the corporate tax rate on performance in general sample is significantly negative, which is consistent with results obtained by authors for the non-innovative companies. However, for further examination, the authors use subsamples of companies with different R&D tax incentive programs. The effect of corporate tax becomes positive under the patent box program only. Moreover, under various R&D tax incentive program, the impact of main control variables has changed. Therefore, the authors conclude that not only corporate taxation but also R&D tax incentive programs significantly influence the performance of innovative companies. Research limitations/implications The data are limited due to fragmented information disclosure about the R&D tax incentive program used. Thus, a different data set might reveal new information and correlation between variable on the same topic. Moreover, the authors do not cover all R&D tax incentive programs, which are specified for companies and countries. However, the study fills the gap between corporate taxation, performance and innovative companies. As the significant result was found the further research is important. The study contributes not only in the field of research but also a practical one. The choice of R&D tax incentive program influences main indicators of companies’ performance so it may change the behavior of the investors and decision-making managers of the companies. Originality/value Given the increasing interest in the topic of innovative companies, this study fills the gap between corporate taxation in innovative companies and performance. In addition, the importance of R&D tax incentive programs as a feature of innovative companies was found.

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