Interaction Of Inflation With A Canadian Type Capital Tax System
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Author | : Walter Amedzro St-Hilaire |
Publisher | : CRC Press |
Total Pages | : 276 |
Release | : 2020-04-13 |
Genre | : Business & Economics |
ISBN | : 1000754170 |
This volume takes an in-depth look at the economic issue of capital flight and outlines strategic methods to address the problem of international tax evasion and bank secrecy. In order to address these issues, the book explores the development prospects of tax evasion governance and identifies obstacles to the efficiency of current tax policies. To overcome the capital flight issue, all lines of attack need to be examined. There is a need to establish responsibility, to set priorities for action that significantly reduces the incentives for capital outflows of this kind, and to seek international consensus. International tax evasion has undermined the credibility of political and administrative systems. This volume lays the foundation for creating an institutional framework that provides transparency of control systems in the face of the guilty roles of tax evasion actors. This requires an effort of economic intelligence that involves mobilizing statistical resources and exploiting them in order to finely identify deviating situations and risk. Key features of the book: • Captures the richness and diversity of tax evasion strategies • Provides an understanding of the prospects of capital flight policies • Identifies stakeholders’ implications in order to provide a global solution to government • Develops a rigorous approach to the problem of tax evasion and the capital flight process Advanced Governing for Capital Flight posits that when combined, the initiatives offered in the volume will be the powerful blow to bank secrecy. Aimed as much at the neophyte as at the insider who questions tax evasion strategies, this book, very ambitious by its specificity, is intended primarily for those who will be called upon to work in the fields of tax evasion and capital flight policies.
Author | : Fraser Institute (Vancouver, B.C.) |
Publisher | : The Fraser Institute |
Total Pages | : 36 |
Release | : 2001 |
Genre | : Capital gains tax |
ISBN | : 0889751897 |
Author | : John B. Shoven |
Publisher | : University of Chicago Press |
Total Pages | : 400 |
Release | : 2007-12-01 |
Genre | : Business & Economics |
ISBN | : 0226754820 |
In the increasingly global economy, domestic tax policies have taken on a new importance for international economics. This unique volume compares the tax reform experiences of Canada and the United States, two countries with the world's largest bilateral flow of trade and investment. With the signing of the U.S.-Canada Free Trade Agreement and the tax reforms of the 1980s, there has been some harmonization of tax systems. But geographic, cultural, and political characteristics shape distinct national social policies that may impede harmonization. As the U.S. and Canadian economies become even more integrated, differences in tax systems will have important effects, in particular on the relative rates of economic growth. In this timely study, scholars from both countries show that, while the United States and Canada exhibit similar corporate tax structures and income tax systems, they have very different approaches to sales tax and social security taxes. Despite these differences, the two countries generate roughly the same amounts of revenue, produce similar costs of capital, and produce comparable distributions of income.
Author | : Brian O'Reilly |
Publisher | : |
Total Pages | : 86 |
Release | : 1998 |
Genre | : Inflation (Finance) |
ISBN | : 9780662268390 |
This paper surveys the empirical literature on the benefits of low inflation, emphasizing contributions since 1990. It follows a framework that examines the costs of inflation, or the benefits of price stability, in the context of four themes: inflation creates uncertainty about the future; there are costs of having to cope with inflation; inflation affects equity and fairness; and living with inflation is no answer. The section on each theme begins with a brief summary of points raised in the Bank of Canada's 1990 annual report, where that framework was presented. The empirical literature is reviewed extensively enough to establish a context. This is followed by discussion of those benefits of low inflation that have been quantified in the literature and those that have not; how the literature on the issue has advanced since 1990; and what areas might benefit from more research in the future.
Author | : Willi Leibfritz |
Publisher | : OECD |
Total Pages | : 144 |
Release | : 1997 |
Genre | : Fiscal policy |
ISBN | : |
This paper reviews the theoretical and empirical literature on the effects of taxation on economic performance, adds marginally to the empirical literature, and draws conclusions for tax policy in OECD countries.
Author | : |
Publisher | : |
Total Pages | : 144 |
Release | : 1997 |
Genre | : Economic development |
ISBN | : |
Author | : United States. Special Study on Economic Change |
Publisher | : |
Total Pages | : 202 |
Release | : 1980 |
Genre | : Finance, Public |
ISBN | : |
Author | : International Monetary Fund. Fiscal Affairs Dept. |
Publisher | : International Monetary Fund |
Total Pages | : 78 |
Release | : 2016-12-10 |
Genre | : Business & Economics |
ISBN | : 1498345204 |
Risks to macroeconomic stability posed by excessive private leverage are significantly amplified by tax distortions. ‘Debt bias’ (tax provisions favoring finance by debt rather than equity) has increased leverage in both the household and corporate sectors, and is now widely recognized as a significant macroeconomic concern. This paper presents new evidence of the extent of debt bias, including estimates for banks and non-bank financial institutions both before and after the global financial crisis. It presents policy options to alleviate debt bias, and assesses their effectiveness. The paper finds that thin capitalization rules restricting interest deductibility have only partially been able to address debt bias, but that an allowance for corporate equity has generally proved effective. The paper concludes that debt bias should feature prominently in countries’ tax reform plans in the coming years.
Author | : Richard Black (Economist.) |
Publisher | : |
Total Pages | : 114 |
Release | : 1994 |
Genre | : Canada |
ISBN | : |
Author | : Jason Clemens |
Publisher | : The Fraser Institute |
Total Pages | : 208 |
Release | : 2008 |
Genre | : Fiscal policy |
ISBN | : 088975229X |
"There is increasing interest in, and recognition of, the need for both tax reduction and tax reform in Canada. This book provides the rationale for tax reform and a road map for that reform. The book includes 5 chapters from leading experts in the field and provides a persuasive, compelling case for tax reform in Canada." "The Impact of Taxes on Economic Behavior by Milagros Palacios and Kumi Harischandra offers a broad overview of the incentive effects associated with taxes that affect our decisions to work more, to save, to invest, and to engage in entrepreneurial activity." "Compliance and Administrative Costs of Taxation in Canada by renowned University of Montreal economics professor Francois Vaillancourt and Jason Clemens provides readers with an understanding of the vast costs associated with administering, and complying with, our current tax system."--BOOK JACKET.