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on Accounting and Auditing |
| By: | Md. Abid Hossain Khan, Ahmed Taneem Muzaffar and Abdul Kader Nazmul (Independent University, Bangladesh; East West University, Bangladesh; American International University-Bangladesh (AIUB)) |
| Abstract: | The use of internet technology for corporate reporting is currently a well-established practice in many countries that have developed securities market. Investors find corporate web sites as a convenient way of collecting financial information of companies. Corporations also find the internet to be the most prompt and economical means of information dissemination. The practice of corporate reporting on the internet is relatively new in Bangladesh. However, the fast development of securities market in Bangladesh has caused expansion of this practice day by day. The paper investigates the emerging issues of online corporate financial reporting in the global context. It then makes an attempt to provide an appraisal of the current practice of corporate financial reporting on the internet by Bangladeshi companies and tries to provide recommendations in the light of global developments. The research reveals that although many of the issues relating to online financial reporting have been addressed by different standard setters worldwide, they have been overlooked in Bangladesh and some of these issues need particular attention for continued development and further guidance in this area. |
| Date: | 2008–06 |
| URL: | http://d.repec.org/n?u=RePEc:aiu:abewps:71&r=acc |
| By: | Aidt, T.; Jensen, P.S. |
| Abstract: | The introduction of income taxation was a landmark in the development of the fiscal state in Western Europe and elsewhere. This paper presents an event history study of the adoption of the income tax in 11 Western European countries between 1815 and 1941. We find evidence that social learning, reductions in tax collection costs and to a lesser extend spending pressures played a significant role for the adoption decision. Surprisingly, we also .nd evidence that the extension of the franchise reduced the likelihood of adoption of the income tax. |
| Keywords: | Voting franchise, social learning, tax collection technology, public finance, income taxation. |
| JEL: | D7 H1 |
| Date: | 2007–10 |
| URL: | http://d.repec.org/n?u=RePEc:cam:camdae:0766&r=acc |
| By: | Amaral, Hudson; Iquiapaza, Robert; Tomaz, Wesley; Bertucci, Luiz |
| Abstract: | This research seeks to discover if there is any relationship between the delay in the publication of the annual financial statements of companies, and their level of corporate governance, assuming that the delay on its liberation would indicate a smaller transparency of the company. For that, proxy variables for corporate governance were defined, as well as for other dimensions of the company that can, potentially, explain that discrepancy. Ordinary Least Square and Tobit models were used. The results indicate, among other things, that the excess of control by controller shareholders tends to cause a larger delay in the liberation of the statements, but the presence of the company in BOVESPA's differentiated corporate governance levels, as well as the Index for Corporate Governance Quality do not have relationship with the delay. |
| Keywords: | Transparency; Financial Statements; Corporate Governance |
| JEL: | G14 M0 M41 |
| Date: | 2008–01–02 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:9068&r=acc |
| By: | Thor O. Thoresen, Jørgen Aasness and Zhiyang Jia (Statistics Norway) |
| Abstract: | Procedures of revenue estimation of changes in the personal income tax are discussed. Using revenue estimates of the 2006 tax cuts in the personal income tax in Norway as an example, we show that estimates of costs of cuts differ substantially when different effects are brought into consideration. Estimates of revenue effects which take labor supply responses and effects through indirect taxation and corporate taxes into account are presented and contrasted with estimates obtained by current procedures. Our estimates indicate that a substantial part of the initial outlay is returned; approximately 56 percent comes back as increased tax revenues from other tax bases and increased personal income tax following from labor supply adjustments. |
| Keywords: | tax revenue estimates; scoring procedures; microsimulation |
| JEL: | H24 H31 |
| Date: | 2008–05 |
| URL: | http://d.repec.org/n?u=RePEc:ssb:dispap:545&r=acc |
| By: | Johann K. Brunner (Department of Economics, Johannes Kepler University Linz, Austria); Susanne Pech (Department of Economics, Johannes Kepler University Linz, Austria) |
| Abstract: | We incorporate the fact that inheritances create a second distinguishing characteristic of individuals, in addition to earning abilities, into an optimum income taxation model with bequests motivated by joy of giving. We show that a tax on inheritances and a uniform tax on all expenditures including bequests are equivalent and that either is desirable, according to an intertemporal social objective, if on average high-able individuals have larger inherited endowments than low-able. We demonstrate that such a situation results as the outcome of a process with stochastic transition of abilities over generations, if all descendants are more probable to have their parent’s ability rank than any other. |
| Keywords: | inheritance tax |
| JEL: | H21 H24 |
| Date: | 2008–04 |
| URL: | http://d.repec.org/n?u=RePEc:jku:econwp:2008_06&r=acc |