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on Accounting and Auditing |
| By: | Amged Abd El Razik (The Bucharest Academy of Economic Studies Bucharest) |
| Abstract: | This paper presents the case of representing the Middle Eastern countries on the International Accounting Standards Board (IASB). |
| Keywords: | International financial reporting standards (IFRS), IASB, MEC |
| JEL: | M41 H3 F5 |
| Date: | 2009–05 |
| URL: | http://d.repec.org/n?u=RePEc:pts:wpaper:f2&r=acc |
| By: | Ellen R. McGrattan |
| Abstract: | Previous studies quantifying the effects of increased capital taxation during the U.S. Great Depression find that its contribution is small, both in accounting for the downturn in the early 1930s and in accounting for the slow recovery after 1934. This paper confirms that the effects are small in the case of taxation of business profits, but finds large effects in the case of taxation of dividend income. Tax rates on dividends rose dramatically during the 1930s and, when fed into a general equilibrium model, imply significant declines in investment and equity values and nontrivial declines in gross domestic product (GDP) and hours of work. The results are amplified if businesses make intangible investments which can be expensed from taxable capital income. |
| Date: | 2009 |
| URL: | http://d.repec.org/n?u=RePEc:fip:fedmwp:670&r=acc |
| By: | Epstein, Gil S. (Bar-Ilan University); Gang, Ira N. (Rutgers University) |
| Abstract: | In this paper we try to understand the phenomena whereby a large proportion of the population evades tax payments. We present a model which incorporates elements from the theory of information cascades with the standard model of tax evasion and analyze the connection between the decision of a potential tax evader, the number of tax evaders and the number caught in previous periods. General conditions exist under which any expected utility maximizing tax evaders will decide to emulate other tax evaders. |
| Keywords: | tax evasion, uncertainty, information cascades |
| JEL: | H26 H31 D82 |
| Date: | 2009–04 |
| URL: | http://d.repec.org/n?u=RePEc:iza:izadps:dp4153&r=acc |
| By: | Francesco Busato; Bruno Chiarini; Pasquale De Angelis; Elisabetta Marzano (-; -; -; -) |
| Abstract: | This paper examines the implications of firm-oriented fiscal policies, namely investment subsidies and tax allowances, in an economy where producers may potentially avoid taxes. Among our results we stress the following. First, although investment subsidies induce increased capital accumulation (a level effect), they promote tax evasion; these subsidies induce firms to increase actual capital accumulation (a level effect), but also produce a reduction in the share of aggregate capital stock deployed in taxed, "official" production (a composition effect). Second, parameters characterizing the tax enforcement system play a major role in explaining tax evasion and firm size. Third, the technology structure matters for determining how to allocate resources between official and unofficial production. |
| Keywords: | State aid, tax exemptions, investment subsidies, tax evasion, unofficial underground production, investment |
| JEL: | E26 E22 H25 H26 |
| Date: | 2008–08–31 |
| URL: | http://d.repec.org/n?u=RePEc:prt:dpaper:10_2008&r=acc |
| By: | Marc Robinson |
| Abstract: | Can an accrual budgeting system-a system in which budgetary spending authorizations to line ministries are formulated in accrual terms-serve the needs of good fiscal policy? If so, how must such a system be designed? What are the practical challenges which may arise in implementing sound fiscal policy under a budgeting system which is significantly more complex than traditional cash budgeting? These are the primary questions addressed in this paper. Because any budgeting system must support the control of key fiscal policy aggregates, the paper also considers the case for reformulating fiscal policy in terms of accrual rather than cash aggregates. The primary focus is on the potential fiscal policy role of net lending and net financial debt. However, the paper also considers whether net worth is an aggregate with major fiscal policy relevance. |
| Keywords: | Accounting , Budgeting , Fiscal policy , Fiscal sustainability , Fiscal stability , Government expenditures , Asset management , |
| Date: | 2009–04–22 |
| URL: | http://d.repec.org/n?u=RePEc:imf:imfwpa:09/84&r=acc |