scholarly journals Explainer: Taxing rezoning windfalls (betterment)

2021 ◽  
Author(s):  
Cameron Murray
Keyword(s):  
Property Rights ◽  
Private Sector ◽  
Market Price ◽  
Additional Property ◽  
Land Value ◽  
Market Prices ◽  
The Public ◽  
Property Owner ◽  
Bundle Of Rights ◽  
Property Markets

In its 2021 budget, the Victorian government announced a new tax on windfall land value gains from rezoning (also known as a betterment tax)This note explains the economic principles behind such a tax, the benefits of applying such a tax, implementation issues that need to be considered, and lessons from the operation of similar taxes elsewhere.Property is, conceptually, a finite bundle of rights. Rezoning grants additional property rights to owners of an existing set of property rights. Those new rights could instead be sold at a market price. A tax on the value gain from rezoning at anything less than 100% is equivalent to selling the new property rights from the community to the current property owner at a discount. Just like selling other property rights from the public to the private sector does not add to market prices in property markets, nor does selling rezoning rights.A tax on rezoning windfalls is uncommon not because it is a bad tax but because it is a good tax.

scholarly journals Tata Kelola Informasi Peta Zona Nilai Tanah pada Kantor Pertanahan Kota Semarang

PERSPEKTIF ◽  
2021 ◽  
Vol 10 (2) ◽  
pp. 345-351
Author(s):  
Niken Susanawati ◽  
Retno Sunu Astuti ◽  
Budi Puspo Priyadi ◽  
Teuku Afrizal
Keyword(s):  
Public Participation ◽  
Market Price ◽  
Qualitative Approach ◽  
Easy Access ◽  
Land Market ◽  
Land Value ◽  
Access To Information ◽  
Market Prices ◽  
The Public ◽  
Balance Principle

The community doesn’t know the benefits and access to information on land value zone maps at the Semarang City Land Office yet, so the sale and purchase transactions that occur still use the Tax Object Selling Value (NJOP) whose value is below the land market price. The information on the prevailing land value zone map is also assessed that there are not in accordance with market prices, thus making the public file a complaint at the Semarang City Land Office. However, the lack of transparency provided made the community less aware of how the complaint procedure was, and the community was not even involved in determining the price on the applicable land value zone map. The purpose of this study was to determine how the management of land value zone map information at the Semarang City Land Office, which is considered to have not been done optimally. The theory used in this study refers to Vane Klasen's public participation and the transparency (policy, easy access, check and balance principle) proposed by Sedarmayanti. This study uses a qualitative approach and the researcher as a key instrument. The results show that the management of land value zone map information at the Semarang City Land Office has not been maximally implemented, that there is still a need to improve the socialization of benefits and the process of complaints about land value zone map information and public participation.  

scholarly journals Time Series for Forecasting Stock Market Prices Based on Sentiment Analysis of Social Media

2021 ◽  
Vol 2 (2) ◽  
pp. 16-25
Author(s):  
Babu Aravind Sivamani ◽  
Dakshinamoorthy Karthikeyan ◽  
Chamundeswari Arumugam ◽  
Pavan Kalyan
Keyword(s):  
Social Media ◽  
Public Perception ◽  
Market Price ◽  
Good Source ◽  
Market Prices ◽  
The Public ◽  
Public Sentiment ◽  
Stock Value ◽  
A Company ◽  
Source Of Information

This paper attempts to find a relation between the public perception of a company and its stock value price. Since social media is a very powerful tool used by a lot of people to voice their opinions on the performance of a company, it is a good source of information about the public sentiment. Previous studies have shown that the overall public sentiment collected from sites like Twitter do have a relation to the market price of a company over a period of time. The goal is to build on their research to improve the accuracy of predictions and determine if the public perception surrounding a company is a driving factor of its stock growth.

scholarly journals Market value of restocking and landscape in red-legged partridge hunting: a study based on advertisements

2013 ◽  
Vol 40 (4) ◽  
pp. 336 ◽  
Author(s):  
Silvia Díaz-Fernández ◽  
Beatriz Arroyo ◽  
Javier Vióuela ◽  
Isabel Patióo-Pascumal ◽  
Pere Riera
Keyword(s):  
Linear Models ◽  
Market Price ◽  
Sustainable Use ◽  
Market Value ◽  
Natural Habitats ◽  
Wild Stock ◽  
Price Variation ◽  
Market Prices ◽  
The Public ◽  
On Farm

Context In Spain, the release of farm-reared partridges to hunt is increasingly used, despite being thought to affect sustainability of wild stocks and to reduce the need of natural habitats for game. Aims To explore the market value as a possible incentive for current management, we evaluated within a segment of the red-legged partridge hunting market whether the use of farm-reared birds (as opposed to wild stock) or the naturalisation of landscapes are affecting the hunt market price. Methods We considered estates that sell individual hunting days and contacted buyers through advertisements. We gathered all advertisements for the 2010 season in four top hunting magazines and two websites, and conducted a telephone survey to record price and associated characteristics of hunts. We looked for relationships between price and the characteristics of sold hunts, using general linear models. Key results Hunts varied largely in price, but neither restocking nor naturalisation of the landscape explained price variation, at least within our sample of estates. The absence of price difference between wild or released partridges could be reflecting the current difficulty to distinguish both kinds of products in the market. Conclusions Market forces alone might not be promoting the public interest of the sustainable use of wild stocks versus industrial hunting based on farm-reared birds. Implications If promoting conservation and sustainable use of wild stocks is considered a major goal of official institutions in charge of biodiversity conservation and game management, they should promote reliable ways of identifying estates selling wild or restocked partridges, and they should also evaluate benefits and costs associated with hunting farm-reared birds relative to wild birds, so as to help internalise these costs and benefits if necessary. A study of the determinants of hunter demands would also help explain variation in supply and market prices.

The Formation of Modern Brazilian Banking, 1906–1930: Opportunities and Constraints Presented by the Public and Private Sectors

1996 ◽  
Vol 28 (1) ◽  
pp. 49-74 ◽  
Author(s):  
Gail D. Triner
Keyword(s):  
Monetary Policy ◽  
Economic Policy ◽  
Property Rights ◽  
Private Sector ◽  
Economic Change ◽  
Banking System ◽  
Public And Private ◽  
The Public ◽  
Private Sector Development ◽  
Banking Development

AbstractThis article examines the Brazilian banking system from 1906 to 1930, and analyses two potential constraints to dynamic banking: government economic policy and concepts of ownership, as expressed through property rights. It finds that the banking system was quite dynamic in supporting economic change. The problems of, and constraints to, banking development are typically declared, or assumed, to result from the exigencies of government monetary policy. The results of monetary policy for private-sector development emerge as significantly less than existing historiography would suggest. However, concepts and protection of property rights constrained the ability of banks to expand their activities.

GOOD GOVERNANCE, AKUNTANSI PEMERINTAHAN DAN EKONOMI KERAKYATAN

2007 ◽  
Author(s):  
Yuskar Yuskar
Keyword(s):  
Private Sector ◽  
Social Welfare ◽  
Natural Resources ◽  
Good Governance ◽  
Financial Economic ◽  
Strong Impact ◽  
Governance Mechanism ◽  
Literature Study ◽  
The Public ◽  
The Government

Good governance is a ware to create an efficient, effective and accountable government by keeping a balanced interaction well between government, private sector and society role. The implementation of a good governance is aimed to recover the public trust for the government that has been lost for the last several years because of financial, economic and trust crisis further multidimensional crisis. The Misunderstanding concept and unconcerned manner of government in implementing a good governance lately have caused unstability, deviation and injustice for Indonesia society. This paper is a literature study explaining a concept, principles and characteristics of a good governance. Furthermore, it explains the definition, development and utility of an efficient, effective and accountable government in creating a good governance mechanism having a strong impact to the democratic economy and social welfare. It also analyzes the importance of government concern for improving democratic economy suitable with human and natural resources and the culture values of Indonesia.

Tax-Advantaged Trust Use Among IPO Executives: Determinants and Implications for Valuation and Future Performance

2019 ◽  
Vol 95 (3) ◽  
pp. 145-175 ◽  
Author(s):  
Michael J. Dambra ◽  
Matthew Gustafson ◽  
Phillip J. Quinn
Keyword(s):  
Stock Price ◽  
Relevant Information ◽  
Data Availability ◽  
Market Prices ◽  
The Public ◽  
Future Performance ◽  
Estate Taxes ◽  
Price Appreciation ◽  
One Year ◽  
Jel Classifications

ABSTRACT We examine the prevalence and determinants of CEOs' use of tax-advantaged trusts prior to their firm's IPO. Twenty-three percent of CEOs use tax-advantaged pre-IPO trusts, and share transfers into tax-advantaged trusts are positively associated with CEO equity wealth, estate taxes, and dynastic preferences. We project that pre-IPO trust use increases CEOs' dynastic wealth by approximately $830,000, on average. We next examine a simple model's prediction that trust use will be positively related to IPO-period stock price appreciation. We find that trust use is associated with 12 percent higher one-year post-IPO returns, but is not significantly related to the IPO's valuation, filing price revision, or underpricing. This evidence is consistent with CEOs' personal finance decisions prior to the IPO containing value-relevant information that is not immediately incorporated into market prices. JEL Classifications: D14; G12; G32; M21; M41. Data Availability: Data are available from the public sources cited in the text.

Adjusting to Financial Instability in the Interwar Period

2018 ◽  
Author(s):  
Giandomenico Piluso
Keyword(s):  
Private Sector ◽  
Adaptive Strategy ◽  
World War ◽  
The Public ◽  
International Environment ◽  
The First World War ◽  
Monetary Authorities ◽  
The Public Sphere ◽  
Special Committees ◽  
First World

The chapter provides a reconstruction and analysis of adjustment processes in the Italian financial system after the major cleavage of the First World War. It considers how pressures exerted by external factors entailed a progressive adaptive strategy to a changing international environment. Financial and monetary instability called for a more intensive regulation reallocating responsibilities and powers from the private sector to the public sphere. Accordingly, financial elites changed their contours and boundaries. As the demand for technical competences and bargaining abilities rose, Italian governments and central monetary authorities tended to co-opt competent representatives from the private sector onto special committees at home, at international conferences, or in bilateral negotiations. A telling tale of such processes is represented by changes within the composition of the Italian delegations at major international economic and financial conferences from the Brussels Conference in 1920 to the London Economic and Monetary Conference in 1933.

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