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on Accounting and Auditing |
| By: | European Commission |
| Abstract: | This report contains a detailed statistical and economic analysis of the tax systems of the Member States of the European Union, plus Iceland and Norway, which are Members of the European Economic Area. The data are presented within a unified statistical framework (the ESA95 harmonised system of national and regional accounts), which makes it possible to assess the heterogeneous national tax systems on a fully comparable basis. |
| Keywords: | European Union, taxation |
| JEL: | H23 H24 H25 H27 H71 |
| Date: | 2015–12 |
| URL: | http://d.repec.org/n?u=RePEc:tax:taxtre:2015&r=acc |
| By: | Sergio Galletta (IdEP, Economia, Universita' Svizzera italiana, Switzerland); Agustin Redonda (Council on Economic Policies (CEP), Switzerland) |
| Abstract: | Profit taxation affects corporate investment decisions through several channels. This paper focuses on the impact of corporate income flat tax reforms on businesses' location choices. Since 1990, Swiss states (cantons) have been switching from a graduated to a flat tax rate scheme on profits. The paper assesses the effects of such a reform on the number of establishments by computing a difference-in-differences estimation. Our results show a negative impact on the number of firms in a given jurisdiction. Interestingly, the effect is considerably larger for riskier firms, suggesting the presence of an insurance effect from progressive taxation for risk-averse entrepreneurs. |
| Keywords: | Corporate taxes, Business location, Flat-tax, Tax reform, Progressive taxation |
| JEL: | H25 H32 H71 R3 |
| Date: | 2016–01–18 |
| URL: | http://d.repec.org/n?u=RePEc:lug:wpidep:1602&r=acc |
| By: | Sneha Master |
| Abstract: | Green Accounting is basically adoption of valuation of natural capital integration in planning for development. Incorporating green accounting into national economic accounts could provide a measure of sustainability; however, considerable advanced methods of measurement and valuation are needed. There are, of course, no substitutes for the life-sustaining services of nature and the question of when and how to account for this fact is the source of many ongoing debates in green accounting. Key words: Green accounting, accounting, legal, Critical |
| Date: | 2015–09 |
| URL: | http://d.repec.org/n?u=RePEc:vor:issues:2015-09-08&r=acc |
| By: | Az駑ar, C駘ine; Desbordes, Rodolphe; Wooton, Ian |
| Abstract: | This paper investigates whether the differences in corporate tax rates set by countries can be explained, in part, by the size of national home markets. We set up a simple model in which multinational firms within an industry choose where to invest, given the levels of corporation tax rates in each location. This model yields predictions with respect to the influences of the relative size of countries on the differences in corporate tax rates that should arise in equilibrium. We then test these predictions using data from 27 European Union member-states for the period 1981-2005. Consistent with our model, we find that large countries set higher corporate tax rates than their smaller competitors for FDI. Our rationale for the existence of this effect, the market access, withstands the test of alternative explanations. |
| Keywords: | country size, corporate tax rate, foreign direct investment, tax competitio |
| JEL: | E62 F23 H25 |
| URL: | http://d.repec.org/n?u=RePEc:hit:hiasdp:hias-e-11&r=acc |
| By: | Dylan Minor (Harvard Business School, Strategy Unit) |
| Abstract: | We explore the relationship between managerial incentives and misconduct using the setting of environmental harm. We find that high powered executive compensation can increase the odds of environmental law-breaking by 40-60% and the magnitude of environmental harm by over 100%. We document similar results for the setting of executive compensation and illegal financial accounting. Finally, we outline some managerial and policy implications to blunt these adverse incentive effects. |
| Keywords: | executive compensation, corporate governance, misconduct, environmental performance, accounting scandal, sustainable finance |
| JEL: | G01 G31 J33 K32 |
| Date: | 2016–01 |
| URL: | http://d.repec.org/n?u=RePEc:hbs:wpaper:16-076&r=acc |
| By: | Nina Dodig (Berlin School of Economics and Law and Institute for International Political Economy); Eckhard Hein (Berlin School of Economics and Law and Institute for International Political Economy); Daniel Detzer (Berlin School of Economics and Law and Institute for International Political Economy) |
| Abstract: | This paper analyses the long-run effects of financialisation and of the recent financial and economic crises for 15 countries. In order to provide a theoretical framework, we first outline three types of regimes under the conditions of financialisation, namely a debt-led private demand boom, an export-led mercantilist, and a domestic demand-led regime. We then take a look at the sectoral financial balances of the main macroeconomic sectors and at the growth contributions of the demand aggregates for each of the 15 countries, focusing in particular on the trade cycle before the crises. This enables us to cluster these countries according to the typology of regimes and describe the development dynamics among various groups, which were complementary and often mutually reinforcing, in the years leading up to the crises. Subsequently, we focus on the period following the outbreak of the crises and, by considering transmission mechanisms and main obstacles to recovery, analyse how countries in each of these clusters were affected. Finally, we focus on the regime shifts which have taken place in the course of the crises and we discuss the implications of these recent developments for the world economy. |
| Keywords: | finance-dominated capitalism, financialisation, financial and economic crises, trade cycle, financial balances, distribution of income, current account imbalances |
| JEL: | D31 D33 E44 E63 E65 F40 F43 G01 H12 |
| Date: | 2015–07–01 |
| URL: | http://d.repec.org/n?u=RePEc:fes:wpaper:wpaper110&r=acc |