scholarly journals Do Publicly Traded Corporations Act in the Public Interest?

2003 ◽  
Vol 3 (1) ◽  
Author(s):  
Roger H. Gordon
Keyword(s):  
Public Interest ◽  
Second Order ◽  
Tax Revenue ◽  
Public Expenditures ◽  
Publicly Traded ◽  
Corporate Behavior ◽  
The Public

Abstract Models of corporate behavior normally assume that a firm acts in the interest of shareholders, and that shareholders care only about the returns they receive on the shares they own in that firm. But shareholders should also care about the effects of a manager's decisions on the value of shares they own in other firms, on the price they pay as consumers for the firm's output, on the costs they bear from pollutants emitted by the firm, on the value of the firm's bonds they own, on government tax revenue that finances public expenditures benefiting shareholders, etc. These effects are normally presumed to be of second order. This paper reexamines this presumption, argues that many of these effects are likely to be important, and explores the resulting implications for forecasted corporate behavior.

Government secrecy: public attitudes toward information provided by the authorities

2015 ◽  
Vol 25 (2) ◽  
pp. 197-222 ◽  
Author(s):  
Johanna Gunnlaugsdottir
Keyword(s):  
Public Interest ◽  
General Public ◽  
National Registry ◽  
Western World ◽  
Public Expenditures ◽  
Freedom Of Information ◽  
Public Authorities ◽  
Content Type ◽  
The Public ◽  
Government Provision

Purpose – The purpose of this paper is to present findings of a survey conducted during 2012 in Iceland with the intent of examining public opinion on government provision of information, i.e. whether the public felt that the authorities withheld information, either about subjects of general public interest or about public expenditures, if the authorities felt there was a reason to do so. Design/methodology/approach – A survey questionnaire was sent in March 2012 to almost two thousand Icelanders. This was a random sample selected from the National Registry. The response rate was almost 67 per cent. The survey was modelled on other research and resources that had examined trust toward public authorities and the influence of Freedom of Information Acts on government information practices. Findings – The survey discovered that the greater part of the citizenry felt that the authorities did keep important information of general public interest secret often or sometimes. Only 2-3 per cent of them believed that this never happened. Most of those surveyed felt as well that important information about public expenditures was often or sometimes withheld. Only 3-5 per cent of the respondents were of the opinion that this never happened. Practical implications – The results could be of value to public authorities that want to improve the provision of information and practice according to freedom of information act. They could also bring varied and valuable opportunities to the profession of records managers as well as others who practice information management. Originality/value – The survey adds valuable information and fulfils a need for a better understanding of what the public believes regarding government provision of information in Iceland. Although the survey is limited to Iceland, these findings may also be of value to public authorities and researchers in the Western World, Australia and New Zealand, to give a few examples where the culture and the practice of government may not be that different, as well as in other countries. The survey can lay the foundation for further research into the field.

scholarly journals Turkey's Direct and Indirect Taxation Policy in terms of Tax Justice

2016 ◽  
Author(s):  
Sabahat Binnur Çelik
Keyword(s):  
Public Finance ◽  
Tax Revenue ◽  
Public Expenditures ◽  
Economic Policies ◽  
Growth State ◽  
The Public ◽  
Taxation Policy ◽  
Important Principle ◽  
Balance State ◽  
Turkish Constitution

Public finance is a branch of science which examines the activities' economic and finance aspects of the public sector. Public finance has three main objectives such as keeping the economy in balance, providing justice in the distribution of income and providing the economic development / growth. State has to create and apply some finance and economic policies according to those objectives. State can use mainly three tools which are public incomes (mostly taxes), public expenditures and public debt for to keep and to protect the economy in balance. While keeping and protecting the economy in balance, state must consider "justice" in every chosen policy. This work's subject is examining the taxation policy according to the types of taxes from the view of "justice in taxation" in Turkey. In order to reach a successful comment about this subject, we will consider the rate of direct and indirect taxes to total tax revenue. If there isn’t justice in taxation, this means that state couldn't apply appropriate policies in a successful way or didn't apply them because of its other purposes. We know that in this century the state is intrusive, effective and very powerful, so we can easily claim that state has responsibility from the lack of justice in taxation. It should not be forgotten that, ensuring "justice in taxation" is so important principle that, Turkish Constitution edited it as an order.

scholarly journals Penerapan Kebijakan Penghapusan Sanksi Administrasi Pajak Kendaraan Bermotor di Kota Jakarta Selatan Tahun 2019

2020 ◽  
Vol 3 (1) ◽  
pp. 18-26
Author(s):  
Bhakti Nur Avianto
Keyword(s):  
Law Enforcement ◽  
Public Interest ◽  
Motor Vehicle ◽  
Tax Compliance ◽  
Provincial Government ◽  
Tax Revenue ◽  
Tax Administration ◽  
The Public ◽  
City Area

The Provincial Government of DKI Jakarta issued Governor Regulation Number 3 of 2018 concerning the elimination of tax administration sanctions (sunset policy) or better known to the public by bleaching. The end of 2019 there were still PKB and BBN arrears, particularly in the South Jakarta City area reaching 15 billion. The results showed the realization of motor vehicle tax revenue of Rp 115,917,771,730, - there was a reduction of Rp 108,247,742,466, - meaning there were still motor vehicle tax arrears of around 7.5 billion. This problem arises because the socialization of bleaching information is still not optimal, the low public interest in the program, and the low tax compliance. This statement emerged from the results of a survey of respondents who stated that the responsive attitude to the sunset policy reached 88.5%, of which 47.9% stated the respondents agreed to the policy of eliminating motor vehicle administration sanctions but they had not used it, in other words, the sunset policy make public interest to obey pay taxes increases. So that the important role of the DKI Jakarta Regional Tax and Retribution Agency (BPRD) will immediately improve tax administration, improve services, systematically and continuously educate taxpayers and ensure law enforcement.

Reasons for the poor provision of information by the government: public opinion

2016 ◽  
Vol 26 (2) ◽  
pp. 185-205 ◽  
Author(s):  
Johanna Gunnlaugsdottir
Keyword(s):  
Public Interest ◽  
General Public ◽  
National Registry ◽  
Western World ◽  
Public Expenditures ◽  
Freedom Of Information ◽  
Public Authorities ◽  
Content Type ◽  
The Public ◽  
The Government

Purpose The purpose of this paper is to present, on the one hand, the findings of a survey conducted during 2012 in Iceland and, on the other hand, the results of interviews held in 2015 concerning why it was felt that the authorities withheld information either about subjects of general public interest or about public expenditures. Design/methodology/approach A survey questionnaire was sent in March 2012 to almost 2,000 Icelanders randomly selected from the National Registry. The response rate was almost 67 per cent. As to the interviews held in 2015, these were with individuals who were known to understand well the government’s actions, both as to provision of information to the public and the opposite, suppression of information. The interviewees were chosen purposively. The survey was modelled on other research and resources concerning open public information and other research that had examined trust towards public authorities and the influence of freedom of information acts on government information practices. Findings The research revealed that both participants in the questionnaire survey and the six interviewees in the later study felt that information was kept secret for a variety of reasons. Most felt that information was kept under wraps by the government, both about subjects of general public interest or about public expenditures, and that both transparency and traceability were less than sufficient in the public administration of Iceland. Practical implications The results could be of value to public authorities who want to improve the provision of information and practices according to the freedom of information act. They could also bring diverse and valuable opportunities to the profession of records managers as to documentation and registration, as well as others who practice information management. Originality/value The survey adds valuable information and fulfils a need for a better understanding of why public authorities suppress the provision of information in Iceland. Although the research cited was limited to Iceland, the findings may be of value also to public authorities and researchers in the Western World, Australia and New Zealand to give a few examples where the culture and the practice of government may not be that different, as well as in other countries. The two studies can, therefore, lay the foundation for further research into the field.

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