scholarly journals Taxation of Assets Used to Generate Energy—In the Context of the Transformation of the Polish Energy Sector from Coal Energy to Low-Emission Energy

Energies ◽  
2021 ◽  
Vol 14 (15) ◽  
pp. 4587
Author(s):  
Adam Kałążny ◽  
Wojciech Morawski
Keyword(s):  
Power Generation ◽  
Energy Production ◽  
Property Tax ◽  
Tax Law ◽  
Tax Burden ◽  
Tax Base ◽  
Emission Energy ◽  
Low Emission ◽  
Legal Nature ◽  
Descriptive Method

(1) Background—The aim of this paper was to indicate whether the taxation of facilities related to renewable or low-emission energy differed significantly from that of facilities generating electricity from coal. (2) Methods—The research was conducted using a descriptive method, and because of the legal nature of the article, a crucial role was played by the dogmatic method. (3) Results—The thesis according to which only the “construction part” is subject to the property tax is the result of many years of disputes between the taxpayers and the tax authorities. In practice, it is difficult to compare the tax burden on assets related to coal and low-emission power generation because of the construction of the tax base in Polish property tax law. Most often, however, the tax burden on assets, which is calculated in the context of the amount of energy produced, tends to favour coal-fired power generation. (4) Conclusion: The property tax regulations in Poland treat the assets used for energy production by all methods identically. In practice, because of the specificity of the tax base, this means a more favourable treatment of facilities associated with coal-fired power generation.

scholarly journals Scenario Analysis of the Low Emission Energy System in Pakistan Using Integrated Energy Demand-Supply Modeling Approach

Energies ◽  
2021 ◽  
Vol 14 (11) ◽  
pp. 3303
Author(s):  
Sajid Abrar ◽  
Hooman Farzaneh
Keyword(s):  
Power Generation ◽  
Energy Demand ◽  
Energy System ◽  
Energy Deficit ◽  
Low Carbon ◽  
Modeling Framework ◽  
Bottom Up ◽  
Average Growth ◽  
Emission Energy ◽  
Low Emission

Pakistan’s dependence on energy imports, inefficient power generation and distribution, and lack of planned investment have made the country’s economy vulnerable. Low carbon and resilient climate development in Pakistan can help to ensure climate action and reduce the chronic energy deficit ailing the country’s economy, society, and environment. This study focuses on developing and applying an integrated energy supply-demand modeling framework based on a combination of microeconomics and system integration theories, which can be used to address policies that could dramatically change the future course of Pakistan toward a low emission energy system. The methodology involves medium-term forecasting of energy demand using an integration of top-down and bottom-up modeling approaches. The demand-side model is interlinked with a bottom-up technology assessment supply model. The objective of the supply-side model is to identify the optimal combination of resources and technologies, subject to satisfying technical, institutional, environmental, and economic constraints, using the cost minimization approach. The proposed integrated model is applied to enable a complete perspective to achieve overall reductions in energy consumption and generation and better analyze the effects of different scenarios on both energy demand and supply sides in Pakistan. The results revealed that, in the baseline case, the energy demand is expected to increase from 8.70 Mtoe [106.7 TWh] to 24.19 Mtoe [297.2 TWh] with an annual average growth rate of 6.60%. Increasing the share of renewable energy power generation by 2030 can help to reduce emissions by 24%, which is accompanied by a 13% increase in the total cost of power generation.

scholarly journals The Fiscal Effects of Tax Increment Financing on Rural School Districts: The Case of Iowa

AERA Open ◽  
2021 ◽  
Vol 7 ◽  
pp. 233285842199114
Author(s):  
Phuong Nguyen-Hoang
Keyword(s):  
Rural Communities ◽  
School Districts ◽  
Property Tax ◽  
Rural School ◽  
Tax Rates ◽  
Rural School Districts ◽  
Tax Increment Financing ◽  
Tax Base ◽  
Positive Effects ◽  
Development Tool

Tax increment financing (TIF)—an economic (re)development tool originally designed for urban cities—has been available to rural communities for decades. This is the first study to focus solely on TIF in rural school districts, to examine TIF effects on school districts’ property tax base and rates, and to conduct event-study estimations of TIF effects. The study finds that TIF has mostly positive effects on rural school districts’ property tax base and mixed effects on property tax rates, and that TIF-induced increases in tax base come primarily from residential property and slightly from commercial property. The study’s findings assert the importance of returned excess increment if rural school districts in Iowa and many other states are to benefit from TIF.

INCOME ELASTICITY OF THE PROPERTY TAX BASE

1964 ◽  
Vol 17 (3) ◽  
pp. 253-264 ◽  
Author(s):  
BENJAMIN B. BRIDGES,
Keyword(s):  
Income Elasticity ◽  
Property Tax ◽  
Tax Base

scholarly journals Carbon Nanotube/Pt Cathode Nanocomposite Electrode in Microbial Fuel Cells for Wastewater Treatment and Bioenergy Production

2021 ◽  
Vol 13 (14) ◽  
pp. 8057
Author(s):  
Mostafa Ghasemi ◽  
Mehdi Sedighi ◽  
Yie Hua Tan
Keyword(s):  
Electron Microscopy ◽  
Power Generation ◽  
Wastewater Treatment ◽  
Carbon Nanotube ◽  
Microbial Fuel Cells ◽  
Energy Production ◽  
Catalytic Properties ◽  
Internal Resistance ◽  
Cod Removal ◽  
Cathode Catalyst

In this paper, we reported the fabrication, characterization, and application of carbon nanotube (CNT)-platinum nanocomposite as a novel generation of cathode catalyst in microbial fuel cells (MFCs) for sustainable energy production and wastewater treatment. The efficiency of the carbon nanocomposites was compared by platinum (Pt), which is the most effective and common cathode catalyst. This nanocomposite is utilized to benefit from the catalytic properties of CNTs and reduce the amount of required Pt, as it is an expensive catalyst. The CNT/Pt nanocomposites were synthesized via a chemical reduction technique and the electrodes were characterized by field emission scanning electron microscopy, electronic dispersive X-Ray analysis, and transmission electron microscopy. The nanocomposites were applied as cathode catalysts in the MFC to obtain polarization curve and coulombic efficiency (CE) results. The catalytic properties of electrodes were tested by linear sweep voltammetry. The CNT/Pt at the concentration of 0.3 mg/cm2 had the highest performance in terms of CE (47.16%), internal resistance (551 Ω), COD removal (88.9%), and power generation (143 mW/m2). In contrast, for the electrode with 0.5 mg/L of Pt catalyst, CE, internal resistance, COD removal, and power generation were 19%, 810 Ω, 96%, and 84.1 mW/m2, respectively. So, it has been found that carbon nanocomposite cathode electrodes had better performance for sustainable clean energy production and COD removal by MFC.

scholarly journals Solar Tower Power Plants of Molten Salt External Receivers in Algeria: Analysis of Direct Normal Irradiation on Performance

2018 ◽  
Vol 8 (8) ◽  
pp. 1221 ◽  
Author(s):  
Abdelkader Rouibah ◽  
Djamel Benazzouz ◽  
Rahmani Kouider ◽  
Awf Al-Kassir ◽  
Justo García-Sanz-Calcedo ◽  
...  
Keyword(s):  
Power Generation ◽  
Energy Storage ◽  
Thermal Energy ◽  
Greenhouse Effect ◽  
Energy Production ◽  
Power Plants ◽  
Storage Capacity ◽  
Real Data ◽  
Multiple Power ◽  
And Storage

The increase of solar energy production has become a solution to meet the demand of electricity and reduce the greenhouse effect worldwide. This paper aims to determine the performance and viability of direct normal irradiation of three solar tower power plants in Algeria, to be installed in the highlands and the Sahara (Béchar, El Oued, and Djelfa regions). The performance of the plants was obtained through a system advisor model simulator. It used real data gathered from appropriate meteorological files. A relationship between the solar multiple (SM), power generation, and thermal energy storage (TES) hours was observed. The results showed that the optimal heliostat field corresponds to 1.8 SM and 2 TES hours in Béchar, 1.2 SM and 2 TES hours for El Oued, and 1.5 SM and 4 TES hours for Djelfa. This study shows that there is an interesting relationship between the solar multiple, power generation, and storage capacity.

Cryptocurrency as an object of tax law: practice of political application and legal regulation

2020 ◽  
pp. 24-30
Author(s):  
Dmytro Kobylnik ◽  
Anton Burchak
Keyword(s):  
Legal Status ◽  
Value Added ◽  
Legal Regulation ◽  
Control Measures ◽  
Tax Law ◽  
Scientific Article ◽  
Main Body ◽  
Foreign Experience ◽  
Tax Legislation ◽  
Legal Nature

Problem setting. The work is devoted to the study of the legal status of cryptocurrency as an object of taxation. The legal status of cryptocurrency in legal relations between tax authorities and individuals or legal entities is an urgent problem, since there is only a small number of works on this issue. Of particular note is the study of international experience in taxation of cryptocurrency transactions, as well as an analysis of the most relevant proposals for amending national legislation in order to establish the legal status of cryptocurrency and transactions related to cryptocurrency as an object of tax legal relations. Analysis of recent researches and publications. Despite the great relevance of this topic, in the modern science of tax law there are no fundamental scientific works and studies on the problems of taxation of cryptocurrency and cryptocurrency transactions. Target of research. The purpose of the scientific article is to conduct research on the legal nature of cryptocurrency, as well as the disclosure of theoretical, practical problems and features of legal regulation of cryptocurrency and operations related to the use of cryptocurrency in modern tax law. Article’s main body. The article deals with the legal nature of transactions connected with the use of the cryptocurrency as an object of tax relations. The issues of the possibility of attributing income, as well as profits from cryptocurrency transactions to the objects of taxation of personal income tax, profit tax, and value-added tax, are disclosed in accordance with the current tax legislation. The following conclusions have been drawn: it is impossible to impose the relevant taxes on income and profits from transactions with the cryptocurrency; there is a conflict in the current legislation, according to which the proceeds from transactions with cryptocurrency may be subject to the Law ‘On Prevention and Counteraction to Legalization (Laundering) of the Proceeds from Crime or Terrorism Financing, as Well as Financing Proliferation of Weapons of Mass Destruction’ In addition, foreign experience of legal regulation of transactions with cryptocurrency in tax legislation in such economically developed countries as the USA, Great Britain, Canada, Germany, Switzerland, etc. has been analyzed. It has been established that nowadays, in world practice, there is no unambiguous approach to the tax regulation and taxation of cryptocurrency transactions. So, in some countries, the income from operations with cryptocurrency is taxable, while in others cryptocurrency transactions do not belong to objects of taxation. Conclusions and prospects for the development. As a result, the author presents her own proposals on amending the tax legislation aimed at determining the legal status of cryptocurrency transactions in tax law. The article is devoted to the legal nature of transactions related to the use of cryptocurrency as an object of tax relations. Foreign experience of taxation of operations with the cryptocurrency is analyzed. The author considers current proposals for amending the tax legislation of Ukraine, who’s the purpose of which is to determine the legal status and control measures for compliance with tax legislation in the implementation of cryptocurrency transactions in tax law.

scholarly journals Abuses and Penalties of a Corporate Tax Inversion

2019 ◽  
Vol 7 (1) ◽  
pp. 5
Author(s):  
James Yang ◽  
Leonard Lauricella ◽  
Frank Aquilino
Keyword(s):  
Multinational Corporations ◽  
International Taxation ◽  
Internal Revenue Service ◽  
Tax Law ◽  
Corporate Tax ◽  
Tax Base ◽  
Tax Rate ◽  
Tax Savings ◽  
Treasury Department ◽  
The U.S

There is a serious problem in international taxation today. Many United States (U.S.) multinational corporations have moved abroad to take advantage of a lower tax rate in a foreign country. As a consequence, the tax base in the U.S. has been seriously eroded. This practice is known as “corporate tax inversion”. This paper discusses the abuses and penalties of this phenomenon. It is rooted in some deficiencies in the U.S. tax law. This paper points out that the U.S. has the highest corporate tax rate in the world. It imposes tax on worldwide income. It permits deferral of tax on foreign-sourced income until dividends are repatriated back to the U.S. As a result, it creates tax loopholes. This paper reveals six actual cases of corporate tax inversion. This practice has triggered the Congress to enact §7874, the Internal Revenue Service (IRS) to issue Notices IR 2014-52 and IR 2015-79, and the U.S. Treasury Department to promulgate TD 9761. This paper investigates some details of these penalties. This paper further demonstrates an example in determining the amount of tax savings by engaging in a corporate tax inversion. It also offers many strategies.

scholarly journals Case Study of Viability of Bioenergy Production from Landfill Gas (LFG)

2016 ◽  
Vol 8 (10) ◽  
pp. 165 ◽  
Author(s):  
John Vourdoubas ◽  
Vasiliki K. Skoulou
Keyword(s):  
Power Generation ◽  
Energy Production ◽  
Renewable Energy Sources ◽  
Landfill Gas ◽  
Landfill Site ◽  
Waste To Energy ◽  
Full Potential ◽  
Bioenergy Production ◽  
Crete Island ◽  
Near Future

<p>The landfill gas (LFG) produced from the existing landfill site in Heraklion city, Crete island, Greece, is not currently exploited to its full potential. It could however be exploited for power generation and/or combined heat and power (CHP) production in near future by fully unlocking its energy production potential of the gas generated from the landfill site. This gas (LFG) could feed a 1.6 MW<sub>el</sub> power plant corresponding to the 0.42% of the annually consumed electricity in Crete. The LFG utilization for power generation and CHP production has been studied, and the economics of three energy production scenarios have been calculated. An initial capital investment of 2.4 to 3.2 M €, with payback times (PBT) of approximately 3.5 to 6 years and Net Present Values (NPV) ranging between 2 to 6 M € have been calculated. These values prove the profitability of the attempt of bioenergy production from the biogas produced from the existing landfill site in Heraklion city, Crete. Based on the current economic situation of the country, any similar initiative could positively contribute to strengthening the economy of local community and as a result the country, offering several other socioeconomic benefits like e.g. waste minimization, creation of new job positions etc. by increasing, at the same time, the Renewable Energy Sources (RES) share in energy production sector etc. Apart from the favorable economics of the proposed waste to energy production scheme, all the additional environmental and social benefits make the attempt of a near future exploitation of the landfill gas produced in Heraklion, an attractive short term alternative for waste to bio-energy production.</p>

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