Incentive to Finance under the Shoup Corporate Income Tax Concept—Focus on Shoup Semi-Imputation Credit Method

1992 ◽  
Vol 4 (4) ◽  
pp. 341-362
Author(s):  
Konosuke Kimura
Keyword(s):  
Income Tax ◽  
Tax Reform ◽  
Second World War ◽  
Corporate Income Tax ◽  
Historical Period ◽  
Columbia University ◽  
World War ◽  
Corporate Tax ◽  
Tax System ◽  
Second World

Reform of the Japanese tax system was undertaken after the second World War and was greatly influenced by Carl Shoup, then Professor at Columbia University. Shoup’s recommendations were made during a unique historical period which allowed for an experimental designing of tax reform in Japan to occur under occupation. In this article we review and criticize Shoup’s recommendations and explain the problems inherent in their implementation. Cultural transference problems such as attempted imputation of corporate tax to individual income tax based on the theory of net asset increases tax are discussed. Comparisons are also made with French and German imputation credit methods.

Cesare Cosciani e la riforma tributaria italiana*

1985 ◽  
Vol 3 (3) ◽  
pp. 173-180
Author(s):  
Giuseppe Campa
Keyword(s):  
Income Tax ◽  
Tax Reform ◽  
General Scheme ◽  
Second World War ◽  
Corporate Income Tax ◽  
Personal Income Tax ◽  
World War ◽  
Tax System ◽  
Finance Minister ◽  
Second World

Abstract Cesare Cosciani took part, though playing different roles, both in the first experience of tax reform in Italy after the Second World War (1950–56) and in the second one, whose aim was much broader (1971–73).During the Fifties, as adviser of the Finance Minister Ezio Vanoni, Professor Cosciani was very active in favor of introducing a corporation income tax. Afterwards, his guidance was basic for designing the general scheme of the tax reform introduced in Italy at the beginning of the Seventies. The main innovation due to Professor Cosciani was the introduction in Italy of the personal income tax, which, together with the modified corporate income tax, is an essential part of the present Italian tax system.

scholarly journals Growth-Enhancing Corporate Tax Reform in Belgium

2018 ◽  
Vol 2018 (1) ◽  
pp. 1-17 ◽  
Author(s):  
Ruud De Mooij ◽  
Shafik Hebous ◽  
Milena Hrdinkova
Keyword(s):  
Public Finance ◽  
Economic Growth ◽  
Income Tax ◽  
Tax Reform ◽  
Corporate Income Tax ◽  
Tax Rates ◽  
Corporate Tax ◽  
Tax System ◽  
Corporate Tax Reform ◽  
The Government

Abstract Until 2018, Belgium had a unique corporate income tax system due to its notional interest deduction, also known in public finance literature as the allowance for corporate equity. At the same time, it had one of the highest corporate tax rates in Europe at 34 percent. The latter came under severe pressure to reform and, as of 2018, the government has started to reduce the rate, gradually to reach 25 percent in 2020. The reduction is accompanied by other measures, including a limitation of the notional interest deduction. This paper argues that the lower CIT rate is likely to be conducive to economic growth. Yet, the effects on growth would have been more favorable if the notional interest deduction would have been strengthened, rather than diminished.

Twilights and rebirths of National Development Banks in Latin America: Understanding factors that could have affected different trajectories in Argentina and Brazil

2016 ◽  
pp. 101-139
Author(s):  
María Luz Martínez Sola
Keyword(s):  
Political Economy ◽  
Industrial Policy ◽  
National Development ◽  
Second World War ◽  
Three Dimensions ◽  
Historical Period ◽  
World War ◽  
Political Coalitions ◽  
Development Banks ◽  
Second World

National Development Banks (NDB) could be pictured as engines pushing backward economies through the developmental ladder's rungs. After being key protagonists of industrial policy after Second World War, most NDBs were dismantled during the 1980s and 90 s. Notable exceptions to this trend exist, however. The goal of this study is thus to understand the political economy issues; Institutional Capacity International Bargaining Power and Domestic Political Coalitions; that explain those trajectories, by taking the cases of Argentina (BANADE) and Brazil (BNDES). When analyzing these three dimensions of political economy the paper concludes that the main difference between BANADE and BNDES' trajectories seems to stem from the diverse Domestic Political Coalitions crafted by Argentina and Brazil, in each historical period. Understanding the underlying conditions to create a cohesive and solid NDB is fundamental to reassess their roles in the XXI century industrial policy.

Philosophical Ideas of Yanaihara Tadao:Nationalism, Pacifism and the Concept of the “Just War”

2021 ◽  
pp. 187-197
Author(s):  
Anna D. Bertova ◽  
Keyword(s):  
Just War ◽  
Second World War ◽  
Point Of View ◽  
The Other ◽  
Historical Period ◽  
World War ◽  
Postwar Japan ◽  
State Of Affairs ◽  
The One ◽  
Second World

Prominent Japanese economist, specialist in colonial politics, a professor of Im­perial Tokyo University, Yanaihara Tadao (1893‒1961) was one of a few people who dared to oppose the aggressive policy of Japanese government before and during the Second World War. He developed his own view of patriotism and na­tionalism, regarding as a true patriot a person who wished for the moral develop­ment of his or her country and fought the injustice. In the years leading up to the war he stated the necessity of pacifism, calling every war evil in the ultimate, divine sense, developing at the same time the concept of the «just war» (gisen­ron), which can be considered good seen from the point of view of this, imper­fect life. Yanaihara’s theory of pacifism is, on one hand, the continuation of the one proposed by his spiritual teacher, the founder of the Non-Church movement, Uchimura Kanzo (1861‒1930); one the other hand, being a person of different historical period, directly witnessing the boundless spread of Japanese militarism and enormous hardships brought by the war, Yanaihara introduced a number of corrections to the idealistic theory of his teacher and proposed quite a specific explanation of the international situation and the state of affairs in Japan. Yanai­hara’s philosophical concepts influenced greatly both his contemporaries and successors of the pacifist ideas in postwar Japan, and contributed to the dis­cussion about interrelations of pacifism and patriotism, and also patriotism and religion.

scholarly journals The Structure of the Tax System Versus the Level of Taxation: An Evaluation of the 1986 Act

1992 ◽  
Vol 6 (1) ◽  
pp. 59-68 ◽  
Author(s):  
J. Gregory Ballentine
Keyword(s):  
Tax Policy ◽  
Income Tax ◽  
Tax Reform ◽  
High Income ◽  
Tax Structure ◽  
Corporate Tax ◽  
Policy Goal ◽  
Tax System ◽  
System Versus ◽  
The Future

In this paper, I assess the 1986 Tax Reform Act relative to the tax system that might have evolved over the several years following 1986 had that particular tax reform not been enacted. Had tax reform not been enacted, I believe that the pattern of steady tax increases, particularly corporate tax increases and tax increases on high-income individuals such as occurred in the 1982 and 1984 tax acts would have continued. I also believe that the 1986 Tax Reform Act introduced an income tax system that will be quite stable; broad changes, in particular changes that raise a large amount of income tax revenues, are unlikely for many years. So I am comparing the tax structure of the 1986 Tax Reform Act to a system that, in part, has an inferior structure, but that provides more revenues. Since I believe that the most important tax policy goal in 1986 and later should have been to raise revenues, not to revise the structure of the tax system, I believe that the 1986 Tax Reform Act was harmful. Tax reform not only did not raise revenues, it has made it more difficult to raise revenues in the future, without providing significant offsetting benefits.

scholarly journals Integration of Transylvania into Romania from the Perspective of Private Law (1918−1945)

2021 ◽  
Vol 9 (2) ◽  
pp. 347-361
Author(s):  
Emőd Veress
Keyword(s):  
Second World War ◽  
Legal Order ◽  
Historical Period ◽  
Private Law ◽  
World War ◽  
Old Kingdom ◽  
The First World War ◽  
History Of ◽  
Second World ◽  
First World

In the following study, we present the legal history of Transylvania following the unification of this territory with Romania at the end of the First World War, and until the installation in Romania of the Soviet-type dictatorship. The heterogeneity of the Romanian legal system resulting from the country’s territorial gains is discussed as well as the various attempts at integrating Transylvanian law into the nascent legal order of Greater Romania. We also present the short interregnum in which Hungarian private law was again applied between 1940 and 1944. The Romanian legislator, facing the imperative necessity of creating a unified national legal order, had the choice of two paths: extend the already outdated laws of the Old Kingdom of Romania to the newly acquired territories or adopt new unitary laws. Both paths were taken depending on the field of law and the historical period concerned, as presented. Finally, the legislator opted for the extension of the laws of the Old Kingdom at the end of the Second World War, even in fields where better-quality norms were enacted during the reign of King Carol II but were never implemented.

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