scholarly journals Quantifying the Personal Income Tax Benefits of Backdating: A Canada - US Comparison

2010 ◽  
Author(s):  
Ryan A. Compton ◽  
Daniel Sandler ◽  
Lindsay M. Tedds ◽  
Christopher C. Nicholls
Keyword(s):  
Income Tax ◽  
Personal Income ◽  
Personal Income Tax ◽  
Tax Benefits

scholarly journals Personal income tax as a tool for implementing state social policy

2021 ◽  
Vol 18 (2) ◽  
pp. 287-297
Author(s):  
Liliia Barannyk ◽  
Olena Dobrovolska ◽  
Victoriia Taranenko ◽  
Tetyana Koriahinа ◽  
Ludmyla Rybalchenko
Keyword(s):  
Social Policy ◽  
Income Tax ◽  
Public Perception ◽  
Personal Income ◽  
Tax Rates ◽  
Personal Income Tax ◽  
Index Method ◽  
Political Role ◽  
Tax Benefits ◽  
Investment Process

Personal income tax (PIT) is one of the most important taxes in Ukraine due to its economic, social and political role. With its help, one can regulate the investment process, the level of real incomes and maintain stability in society. However, the potential of this tax in Ukraine is not fully used. The purpose of the study is to identify the main problems of PIT and further directions of its implementation as an instrument of social policy. Laffer’s tax theory, on the dependence of economic efficiency of taxation on lower tax rates and the degree of progressiveness of taxes, was taken as a conceptual line of research. Consideration of world trends in the practice of PIT allowed tracing its evolution and choose the methods of its optimization that are acceptable for Ukraine. The use of comparative and statistical analyses, grouping, structural modeling method, index method and systematization of results allowed formulating the author’s version of the income taxation reform in Ukraine. The introduction of a progressive taxation scale should take into account the quality of tax administration, the availability of tax benefits, deductions and loans, the amount of fines, and public perception of the tax system in addition to quantitative results. The proposed family taxation, based on the differentiation of taxpayers by their marital status, actual solvency through the introduction of family rates and the establishment of progressive rates of personal income tax, will fully implement the principle of social justice in the distribution of income.

scholarly journals The 2016 tax reform in Colombia: a patchwork quilt

2019 ◽  
Vol 35 (65) ◽  
Author(s):  
Víctor Mauricio Castañeda Rodríguez
Keyword(s):  
Income Tax ◽  
Tax Reform ◽  
The State ◽  
Personal Income ◽  
Fiscal Deficit ◽  
Personal Income Tax ◽  
Tax System ◽  
Evasion Control ◽  
Intensive Use ◽  
Tax Benefits

This paper analyzes the 2016 tax reform in Colombia, which, although initially presented as structural in the attempt to advance in aspects such as efficiency and equity in the tax system, in the end constituted only one more attempt to temporarily solve a fiscal deficit issue. In fact, this paper establishes that, although there has been progress on some issues, for instance the limiting of tax benefits for the purposes of the purging the Personal Income Tax, the schedular model also entails the risk that many taxpayers will not be taxed according to their capacity to pay, what could be called a counter-reform. In addition, it is proved through econometrics that greater collection and progressivity are not antagonistic purposes, so it is advisable that the next reform in this area chooses to make a more intensive use of direct taxes, although seeking to involve a greater number of taxpayers in the financing of the State, suggesting progress in evasion control.

scholarly journals STRATEGIC DIRECTIONS OF TAX REGULATION OF ECONOMIC DEVELOPMENT IN THE CONDITIONS OF REFORMS

2021 ◽  
Vol 23 (1(78)) ◽  
pp. 115-125
Author(s):  
O.I. LAIKO ◽  
Т.V. UMANETS ◽  
N.L. SHLAFMAN
Keyword(s):  
Economic Development ◽  
Economic System ◽  
National Economy ◽  
Income Tax ◽  
Local Communities ◽  
Personal Income ◽  
Personal Income Tax ◽  
National Economic ◽  
Tax Benefits ◽  
Tax Regulation

Topicality. In the current reforms of the national economy, there is a need to solve scientific problem of system substantiation and institutional consolidation of strategic directions of stimulating of the productivity increase of economic activity in the country with the use of such effective regulators as taxes. The topicality of the issue is caused by changes in the field of taxation, administration and management of mesolevel territorial economic subsystems, by significant structural changes in the sectors of the national economy management and by the search for effective niches for smart specialization. Tax regulation of economic development is one of the most effective mechanisms of modifying the impact on the state, dynamics, structure and most qualitative indicators of the national economic system. But for the effective application of the tools of tax regulation of economic development in the context of reforms in Ukraine it is necessary to substantiate the general scientific and institutional principles for improving the use of taxes as regulators of gradual growth and of business productivity with simultaneous reduce of unproductive tax losses from non-targeted tax benefits and allowances. Aim and tasks.. The purpose of the article is to substantiate the theoretical, conceptual and institutional provisions for improving the efficiency of tax regulation of economic development of the national economic system in the context of increasing business productivity and promoting the welfare of society under the influence of modern reforms. Research results. The interrelation between tax instruments and strategic tasks of economic development of territories in the conditions of reforms is proved. The strategic directions of tax regulation of economic development in Ukraine in modern conditions are determined. The main components of the system of institutional support for the implementation of tax regulation, which determines the strategic directions of stimulating the development of the national economy. Based on the analysis of the structure of local budget revenues in Ukraine in recent years, the importance of the personal income tax for the development of local communities in the context of reform has been proved. The application of regulatory procedures with the use of personal income tax is proposed, despite the fact that this tax is not a local tax, but its importance for the development of local communities in the current conditions of local government reform is crucial. The essence of direct and indirect methods of tax regulation of economic development of territorial communities in the context of increasing of their functioning productivity is revealed. It is proposed to use compensation and organizational mechanisms, as well as the mechanism of practical implementation of this measure as measures to improve the institutional foundations of tax regulation of economic development in the context of reforms. Their essence and sphere of influence of efficiency of their actions are revealed. To implement the strategic direction of reducing tax losses and inefficient benefits, to increase the investment and innovation orientation of tax benefits, to substantiate the use of taxes as investment stimulants it is proved the need for targeted tax benefits use, which provide discounts for investment orientation, and in those cases, for such purposes provide special conditions for reinvestments of profit in the economic turnover of domestic enterprises that are to be exempted from general taxation. Conclusions. The strategic directions of tax regulation of economic development of the territories of Ukraine in the conditions of reforms are defined in this article and should be taken into account in order to increase business productivity and promote welfare of society under the influence of modern reforms. Thus, as the study showed, scientific and methodological recommendations for improving of the institutional framework of tax regulation of economic development in Ukraine in the context of reforms are still under development and formation, especially for tax incentives for the production of goods and services with high added value.

scholarly journals Segmentation of Potential Fraud Taxpayers and Characterization in Personal Income Tax Using Data Mining Techniques

2021 ◽  
Vol 239 (4) ◽  
pp. 127-157
Author(s):  
Camino González ◽  
◽  
María Jesús Delgado ◽  
Sonia de Lucas ◽  
◽  
...  
Keyword(s):  
Data Mining ◽  
Income Tax ◽  
Tax Compliance ◽  
Analytical Framework ◽  
Personal Income ◽  
Selection Strategy ◽  
Personal Income Tax ◽  
Data Mining Techniques ◽  
Tax Benefits ◽  
Using Data

This paper proposes an analytical framework that combines dimension reduction and data mining techniques to obtain a sample segmentation according to potential fraud probability. In this regard, the purpose of this study is twofold. Firstly, it attempts to determine tax benefits that are more likely to be used by potential fraud taxpayers by means of investigating the Personal Income Tax structure. Secondly, it aims at characterizing through socioeconomic variables the segment profiles of potential fraud taxpayer to offer an audit selection strategy for improving tax compliance and improve tax design. An application to the annual Spanish Personal Income Tax sample designed by the Institute for Fiscal Studies is provided. Results obtained confirm that the combination of data mining techniques proposed offers valuable information to contribute to the study of tax fraud.

On the Issue of Progressive or Proportional Taxation of Personal Incomes

2018 ◽  
Vol 11 (3) ◽  
pp. 114-120
Author(s):  
D. G. Chernik
Keyword(s):  
Income Tax ◽  
Personal Income ◽  
Personal Income Tax ◽  
The Social ◽  
Social And Economic Development ◽  
The Subject ◽  
Discrete Measures ◽  
Personal Income Taxation ◽  
Personal Taxation ◽  
Personal Incomes

The subject of the research is the procedure for personal income taxation. The purpose of the workwas to determine which personal taxation regime is more justified: progressive or proportional. The paperprovides the reasons for the transition from the progressive to the proportional tax. The risks and possibilities of transition to the progressive scale are analyzed. It is concluded that in order to achieve social justice and improve the welfare of the majority of peoplerather thana very small part of them, it is necessary to adopt a set of economic, fiscal and administrative measures aimed at solving a single task — ensuring the social and economic development of Russia. Discrete measures, such as the introduction of the progressive personal income tax will not lead to desired results. Moreover, the progressive tax cannot be introduced unlessit is ruled by law that large spendings of citizens must correspond to their incomes.

TAXATION OF PERSONAL INCOME

2020 ◽  
Vol 3 (8) ◽  
pp. 69-72
Author(s):  
F. S. AGUZAROVA ◽  
Keyword(s):  
Income Tax ◽  
Personal Income ◽  
Personal Income Tax

The article is devoted to the taxation of income of citizens in Russia. The author determined the role and place of the personal income tax, calculating its share in the structure of budget revenues of a particular subject. The ways of improving the taxation of personal income are identified.

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