scholarly journals THE EFFECTS OF LABOUR COSTS REDUCTION ON FOREIGN INVESTMENT IN ROMANIA

2019 ◽  
Vol 19 (3) ◽  
pp. 129-137
Author(s):  
Adina TRANDAFIR
Keyword(s):  
Foreign Investment ◽  
Income Tax ◽  
Econometric Analysis ◽  
Corporate Income Tax ◽  
Foreign Investments ◽  
Tax Legislation ◽  
Labour Costs ◽  
Legislative Changes ◽  
Fiscal Pressure ◽  
The Impact

This article addresses the issue of changes in tax legislation in our country over the last 20 months, in view of the effect they have on the level of foreign investment. The article presents, besides the actual legislative changes and the evolution registered in this period by foreign investments, also the fiscal pressure in the field of contributions, VAT and corporate income tax. The paper presents an econometric analysis that seeks to highlight the impact of the fiscal pressure of the above mentioned taxes on the FDI level recorded in Romania between January 2017 and August 2018.

scholarly journals Measuring the Effects of Corporate Tax Cuts

2018 ◽  
Vol 32 (4) ◽  
pp. 97-120 ◽  
Author(s):  
Alan J. Auerbach
Keyword(s):  
Multinational Corporations ◽  
Income Tax ◽  
Capital Investment ◽  
Corporate Income Tax ◽  
Tax Law ◽  
Corporate Tax ◽  
The Law ◽  
Jobs Act ◽  
The Impact ◽  
Tax Cuts

On December 22, 2017, President Donald Trump signed the Tax Cuts and Jobs Act (TCJA), the most sweeping revision of US tax law since the Tax Reform Act of 1986. The law introduced many significant changes. However, perhaps none was as important as the changes in the treatment of traditional “C” corporations—those corporations subject to a separate corporate income tax. Beginning in 2018, the federal corporate tax rate fell from 35 percent to 21 percent, some investment qualified for immediate deduction as an expense, and multinational corporations faced a substantially modified treatment of their activities. This paper seeks to evaluate the impact of the Tax Cuts and Jobs Act to understand its effects on resource allocation and distribution. It compares US corporate tax rates to other countries before the 2017 tax law, and describes ways in which the US corporate sector has evolved that are especially relevant to tax policy. The discussion then turns the main changes of the Tax Cuts and Jobs Act of 2017 for the corporate income tax. A range of estimates suggests that the law is likely to contribute to increased US capital investment and, through that, an increase in US wages. The magnitude of these increases is extremely difficult to predict. Indeed, the public debate about the benefits of the new corporate tax provisions enacted (and the alternatives not adopted) has highlighted the limitations of standard approaches in distributional analysis to assigning corporate tax burdens.

scholarly journals Effect of Corporate Tax on Government Expenditure in Nigeria

2021 ◽  
Vol 1 (5) ◽  
pp. 157-171
Author(s):  
Patrick Ologbenla
Keyword(s):  
Income Tax ◽  
Consumer Price Index ◽  
Government Expenditure ◽  
Value Added ◽  
Corporate Income Tax ◽  
Value Added Tax ◽  
Independent Variable ◽  
The Government ◽  
The Impact ◽  
Bound Test

The study investigated the impact of corporate income tax on the government expenditure in Nigeria. Data on corporate income tax, value added tax, interest rate, gross domestic product, petroleum profit tax and consumer price index were collected and used as independent variable in the study while data on public expenditure were collected and used as independent variable in the estimated model. The ARDL bound test was applied and the result showed that corporate income tax have long run relationship that is significant with government expenditure. Other forms of tax such as value added tax and petroleum profit tax also have significant impact on government expenditure. The study concluded that corporate income tax should be sustained in order to ensure that government continue to fulfill her obligation of provision of social amenities that will promote the economic growth of the country.

scholarly journals Corporate Income Tax, Legal Form of Organization, and Employment

2018 ◽  
Vol 10 (4) ◽  
pp. 270-304 ◽  
Author(s):  
Daphne Chen ◽  
Shi Qi ◽  
Don Schlagenhauf
Keyword(s):  
Income Tax ◽  
Occupational Choice ◽  
Choice Model ◽  
Productive Efficiency ◽  
Corporate Income Tax ◽  
Legal Form ◽  
Tax Reduction ◽  
Capital Constraints ◽  
Dynamic Stochastic ◽  
The Impact

A dynamic stochastic occupational choice model with heterogeneous agents is developed to evaluate the impact of a corporate income tax reduction on employment. In this framework, the key margin is the endogenous entrepreneurial choice of the legal form of organization. A reduction in the corporate income tax burden encourages adoption of the C corporation legal form, which reduces capital constraints on firms. Improved capital reallocation increases the overall productive efficiency in the economy and therefore expands the labor market. Relative to the benchmark economy, a corporate income tax cut can reduce the nonemployment rate by up to 7 percent. (JEL E24, H25, H32, J23, J24)

scholarly journals Chocs/contre choc pétroliers et investisssements étrangers au Nigéria

2005 ◽  
Vol 21 (3) ◽  
pp. 525-544
Author(s):  
Suzanne Quiers-Valette
Keyword(s):  
Foreign Investment ◽  
Specific Problem ◽  
Price Shocks ◽  
Foreign Investments ◽  
Oil Boom ◽  
The Face ◽  
The Subject ◽  
Sheer Size ◽  
Oil Wealth ◽  
The Impact

The problems linked to oil profits have been the subject of numerous studies. Few of these studies, however, have dealt with the specific problem of the impact of oil price shocks and return shocks on foreign investments in revenue-generating countries. This paper seeks to analyze the case of Nigeria which has been and still is a key country for the international oligopolies, thanks to the sheer size of its market and its oil wealth. In the face of Africa 's current decline Nigeria is, with South Africa, a potential keystone state that could in time bind together other states into a regional bloc with good prospects for growth. This possible unifying role, however, seems to depend on foreign investment picking up. It is therefore essential to understand better the extent to which foreign investment was spurred from 1973 onwards by the oil boom and what the consequences were of the crisis that began in 1982.

scholarly journals EMPIRICAL RELATIONSHIP BETWEEN CORPORATE INCOME TAX, GOVERNMENT REVENUE, AND EMPLOYMENT IN OECD COUNTRIES

2021 ◽  
Vol 7 (3(43)) ◽  
pp. 18-33
Author(s):  
Vassilios Zoumpoulidis
Keyword(s):  
Correlation Analysis ◽  
Income Tax ◽  
Empirical Relationship ◽  
Oecd Countries ◽  
Corporate Income Tax ◽  
Government Revenue ◽  
Corporate Tax ◽  
The Impact

This paper applies the technique of correlation analysis to find out the impact of corporate tax on government revenue and employment in OECD countries. The findings of the study suggest that there is no relationship between corporate income tax, government revenue, and employment during 2000 and 2019.

scholarly journals ANALISIS KEPATUHAN PEMBAYARAN PAJAK PENGHASILAN PASAL 23 TOKO KELONTONG DI DI DESA BEJI

2021 ◽  
Author(s):  
Feni Setyorini ◽  
Defilatifah ◽  
Yulia aroningtias
Keyword(s):  
Income Tax ◽  
Negative Impact ◽  
Survey Methods ◽  
Grocery Store ◽  
Corporate Income Tax ◽  
Grocery Stores ◽  
Business Owner ◽  
Interview Survey ◽  
The Impact ◽  
Number Of Customers

The purpose of this study was to determine the calculation, deposit and reporting of Corporate Income Tax carried out at a grocery store in Beji Village and how the perception of grocery store owners towards the existence of a modern market. Knowing the impact of the existence of a modern market on tax payment compliance in the grocery store business. To achieve the objectives in this study used a qualitative type of research with interview survey methods. Qualitative analysis uses data reduction, data presentation, and drawing conclusions. The results showed. The existence of modern minimarkets on grocery stores has a negative impact on turnover, income and the number of customers so that the payment of corporate income tax that should be paid is ignored by the grocery store business owner.

scholarly journals Taxation and Dividend Payout: The Case of the Republic of Serbia

2021 ◽  
Author(s):  
Biljana Jovković ◽  
Stefan Vržina
Keyword(s):  
Income Tax ◽  
Dividend Policy ◽  
Statistical Tests ◽  
Transition Countries ◽  
Lower Number ◽  
Corporate Income Tax ◽  
Dividend Payout ◽  
The Republic ◽  
The Impact ◽  
Dividend Tax

Research Question: The paper investigates the relationship between taxation and dividend payout decisions of companies in the Republic of Serbia. Motivation: Including taxation in dividend policy discussion may allow for better understanding of decisions of companies to pay dividends. Prior worldwide research results on the impact of taxation on dividend policy are inconclusive, often contradicting and cannot be universally accepted. Despite abundant research in previous decades, the key drivers of dividend policy of companies are still unknown and there exists a so-called dividend puzzle. In addition, the research on dividend policy of companies in transition countries (including the Republic of Serbia) is relatively scarce. On the other hand, research in transition countries is important as transition countries have a significantly lower level of capital market efficiency and liquidity, having a lower number of joint stock companies and a lower number of companies that regularly pay dividends. Idea: Since tax burden may be a significant obstacle for companies to pay dividends, it may be relevant to research into whether corporate income tax burden has an impact on dividend payout ratio of companies, as well as the impact of dividend tax that shareholders have to pay on the dividend payout. Data: The study captured 23 companies listed on the Belgrade Stock Exchange between 2013 and 2018 that paid dividends in at least one year. In total, the research involved 92 dividend payouts. Research data have been retrieved from the Business Registers Agency of the Republic of Serbia. Tools: Research hypotheses are tested using EViews and IBM SPPS software. Statistical methods included descriptive statistics, correlation and regression analysis, as well as non-parametric statistical tests for independent samples. Findings: The analysis shows that corporate income tax does not impact a dividend payout ratio of companies, indicating that companies do not consider the corporate income tax when deciding on dividends, mostly due to the effective tax rates being considerably lower than the statutory tax rate of 15%. Also, statistical tests show that the dividend tax does not impact the dividend payout ratio, as there is no significant difference in the dividend payout ratio between companies whose largest shareholder is high taxed and companies whose largest shareholder is low taxed. Contribution: Research results may be of interest for company management when designing the dividend policy as well as for investors when deciding on shares investment in accordance with their tax preferences.

The Impact of Corporate Income Tax on Gross Domestic Product - The Case of the Republic of Serbia

2020 ◽  
Vol 58 (3) ◽  
pp. 311-326
Author(s):  
Jadranka Đurović Todorović ◽  
Marina Đorđević ◽  
Marko Krstić
Keyword(s):  
Gross Domestic Product ◽  
Income Tax ◽  
Quantitative Research ◽  
Income Taxes ◽  
Corporate Income Tax ◽  
Domestic Product ◽  
Negative Effect ◽  
The Republic ◽  
The Impact ◽  
Positive Effect

Abstract The importance of certain tax forms for the economy of any country is confirmed by the fact that they can be used to impact on the achievement of fiscal aims as they play a significant role when it comes to their share in a total amount of public revenue of certain countries. Another important characteristic of taxes is that they can affect the trends of gross domestic product (GDP) as one of the most important economic indicators of achieved development of a national economy. It is for this reason that we must point out that the authors will pay special attention to determining the impact that corporate income tax has on trends of gross domestic product in the Republic of Serbia and their interdependency. This will provide an answer to a question whether corporate income taxes have a positive effect on gross domestic product trends and what is its relation with this indicator. On the basis of quantitative research, through the application of regression analysis, the authors will confirm or refute the hypothesis concerning this problem. Finally, we will reach a conclusion which will offer answers to questions related to the impact of this tax type tax on the gross domestic product trends, the extent of the impact and its nature – whether it has a positive or a negative effect on gross domestic product trends in the Republic of Serbia

scholarly journals Exemption of Polish Local Government Units and their Unions from Corporate Income Tax – The Fundamentals, Evolution of Solutions and Legal Framework

2019 ◽  
pp. 457-466
Author(s):  
Ofiarska Małgorzata
Keyword(s):  
Local Government ◽  
Income Tax ◽  
Legal Framework ◽  
Corporate Income Tax ◽  
Protective Function ◽  
The Public ◽  
Tax Legislation ◽  
Judicial Practice ◽  
Regulatory Law ◽  
Income Tax Law

Local government units and their unions as income earning legal entities are subject to the provisions of the Act on corporate income tax. Being subject to income tax law translates also to the opportunity of benefiting from tax privileges established by the law. The establishment and application of tax preferences on income of local government units and their unions is an important instrument in supporting their efforts to perform important – in social and economic terms – public tasks. Tax privileges also serve an important protective function with regard to the public funds being managed by local government units and their unions. To ascertain the fundamentals and the scope of the regulatory law regarding subjective and objective tax exemptions addressed to local government units and their unions, as well as the way in which these regulations evolve, the tax legislation and judicial practice were analysed and the reference literature was reviewed with the application of the dogmatic-legal and empirical methods. The hypothesis on the conditional nature of tax exemption and the need for strict interpretation thereof was proven to be correct. The inability to apply such exemptions in metropolitan unions, which can be interpreted as discriminatory, was evaluated critically. Moreover, it has been proven that the provision of statutory income tax exemption thresholds to local government units and their unions is an overly complicated process since the Act income tax incorporates references to the provisions of the Act on the income of local government units which do not conclusively determine the revenue sources of these entities.

scholarly journals ANALISIS KEPATUHAN PEMBAYARAN PAJAK PENGHASILAN PASAL 23 TOKO KELONTONG DI DI DESA BEJI

2021 ◽  
Author(s):  
Defilatifah ◽  
Yulia aroningtias ◽  
Feni Setyorini
Keyword(s):  
Income Tax ◽  
Negative Impact ◽  
Survey Methods ◽  
Grocery Store ◽  
Corporate Income Tax ◽  
Grocery Stores ◽  
Business Owner ◽  
Interview Survey ◽  
The Impact ◽  
Number Of Customers

The purpose of this study was to determine the calculation, deposit and reporting of Corporate Income Tax carried out at a grocery store in Beji Village and how the perception of grocery store owners towards the existence of a modern market. Knowing the impact of the existence of a modern market on tax payment compliance in the grocery store business. To achieve the objectives in this study used a qualitative type of research with interview survey methods. Qualitative analysis uses data reduction, data presentation, and drawing conclusions. The results showed. The existence of modern minimarkets on grocery stores has a negative impact on turnover, income and the number of customers so that the payment of corporate income tax that should be paid is ignored by the grocery store business owner.

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