6,385 research outputs found
Coordinating Tariff Reduction and Domestic Tax Reform under Imperfect Competition
A major constraint on trade liberalization in many countries is the prospective loss of government revenue.Recent results, however, have established a simple and appealing strategy for overcoming this difficulty, whilst still realizing the efficiency gains from liberalization, in small, competitive economies: combining tariff cuts with point-for-point increases in destination-based consumption taxes unambiguously increases both national welfare and total government revenue.This note explores the implications of imperfect competition for this strategy.Examples are easily found in which this strategy unambiguously reduces domestic welfare.tariffs;tax reform;imperfect competition
Exploring the Preference Structure for Online and Traditional Retail Formats
retail, structure, formats
Information Sharing and International Taxation
The sharing between national tax authorities of taxpayer-specific information has emerged over the last few years as a-probably "the"-central issue in the formation of international tax policy.Yet this refocusing of the debate on international taxation-away from parametric tax coordination and towards strengthening information exchange-has gone largely unnoticed in the public finance literature.This paper gives an overview of this increasingly important area of international taxation, reviewing the key economic, legal and practical concepts and issues bearing on the analysis and implementation of information exchange, and providing an account of recent policy initiatives and emerging theoretical insights.International tax evasion;tax competition;tax information exchange;tax treaties;money laundering;savings tax directive
Incentives and Information Exchange in International Taxation
The exchange of taxpayer-specific information between national tax authorities has recently emerged as a key and controversial topic in international tax policy discussions, most notably with the OECD s harmful tax practices project and the EU s savings tax initiative.This paper analyses the effects of information exchange and withholding taxes, recognizing that countries which agree to exchange information do not forfeit the ability to levy withholding taxes, and also focusing in particular on the effects of innovative revenuesharing arrangements.Amongst the findings are that: (i) the transfer of withholding tax receipts to the residence country, as planned in the EU, has no effect on equilibrium tax rates, but acts purely as a lump sum transfer; (ii) in contrast, allocating some of the revenue from information exchange to the source country counter to usual practice (though no less so than the EU agreement) would have adverse strategic effects on total revenue; (iii) nevertheless, any withholding tax regime is Pareto dominated by information exchange combined with appropriate revenue sharing; and, in particular, (iv) sharing of the additional revenues raised from information provided, while efficiency-reducing, could be in the interests of large (high-tax) countries as a means of persuading small (low-tax) countries to provide that information voluntarily.incentives;information;taxation;competition;international economics
Revenue Sharing and Information Exchange under Non-Discriminatory Taxation
The international exchange of tax information, and its merits compared to withholding taxes, is the central topic in current debates in international tax policy.The purpose of this paper is to characterize and compare the tax regimes that emerge with and without information exchange, under the assumption that countries are unable to differentiate between the taxes they apply to residents and non-residents.It focuses in particular on the role of asymmetries in country size (capturing a key feature of tax havens) and on the impact and potential desirability of schemes to share the revenue raised by withholding (as under the new EU savings tax arrangements) or (more innovatively) as a consequence of information exchange.It is shown that (irrespective of country size difference) Pareto efficiency requires that all revenue collected from nonresidents be transferred to the residence country which would require taking the EU practice even further from the norm, but is currently the norm in relation to information exchange.A withholding scheme with revenue fully reallocated in this way Pareto dominates information sharing, whatever the allocation under the latter. Comparing schemes in which there is no revenue sharing, however, shows that information exchange Pareto dominates simple withholding.revenue sharing;tax information exchange;tax competition;international tax evasion;withholding taxes
The effect of external forces on discrete motion within holographic optical tweezers
Holographic optical tweezers is a widely used technique to manipulate the individual positions of optically trapped micron-sized particles in a sample. The trap positions are changed by updating the holographic image displayed on a spatial light modulator. The updating process takes a finite time, resulting in a temporary decrease of the intensity, and thus the stiffness, of the optical trap. We have investigated this change in trap stiffness during the updating process by studying the motion of an optically trapped particle in a fluid flow. We found a highly nonlinear behavior of the change in trap stiffness vs. changes in step size. For step sizes up to approximately 300 nm the trap stiffness is decreasing. Above 300 nm the change in trap stiffness remains constant for all step sizes up to one particle radius. This information is crucial for optical force measurements using holographic optical tweezers
The magnetization of sediment cores from the eastern basin of the North Atlantic Ocean
The magnetization of sediment from the eastern basin of the North Atlantic Ocean is due to magnetite. The variation of the directions of magnetization due in cores from the abyssal plains depends upon the sedimentary features which are the result of turbidity current deposition. The change in the inclination in the cores from the abyssal hills and mountains which rise from, or which surround, the Iberia plain suggests that there may be an effect dur to consolidation. The magnetic susceptibility of the sediment depends upon the amount of magnetic present and its size distribution. One test on one core suggests instability and no correlation has been found between the directions of magnetization of adjacent cores
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Airborne environmental injuries and human health.
The concept that the environment in which we live can have detrimental effects on our health has existed for centuries. Obvious examples of substances that can cause human diseases include infectious agents, poisons, chemicals and other noxious agents, drugs, and physical stimuli such as bright lights and loud sounds. Some less obvious agents can include allergens, nontangible agents such as colorless, odorless gases and aerosolized toxins. In recent decades, humans have developed various new materials and compounds. Additionally, we are now producing known compounds, and even naturally occurring substances, in vastly increased amounts. Many of these substances are generally believed to threaten the health of our environment. However, there is also a considerable amount of hype and exaggeration regarding some of these agents (e.g., mold) that is unsubstantiated. This article extensively reviews the data on a large number of airborne-related illnesses and attempted to place scientific reality in the context of clinical medicine
Using Tree-Ring Growth and Stable Isotopes to Explore Ponderosa Pine Ecophysiological Responses to Climate Variability and the 2012-2015 California Drought
Climate warming in recent decades has resulted in more frequent and severe drought events in the western United States. These changes are projected to continue, making it exceedingly important to understand how forests respond to severe drought stress, and how we can manage these forests to reduce mortality during future events. The 2012-2015 California drought is a recent example of a severe, multi-year drought that was coupled with an epidemic-scale outbreak of western pine beetle, killing nearly 90% of ponderosa pines in the central and southern Sierra Nevadas. In the first portion of this study, we compared pairs of surviving and dead ponderosa pines following this drought event to determine how the surviving trees were able to survive. We were also interested in how closely ponderosa pine tree-rings were recording ecosystem responses to this drought event. In the second portion of this study, we compared tree-ring growth rates and stable isotopes to data from an on-site flux tower to determine whether tree-rings were recording important information regarding ecosystem carbon and water fluxes during this severe drought event. Overall, we sought to better understand how the 2012- 2015 California drought event affected ponderosa pines to inform future management practices in forests of the western United States
Common conservation works used in Western Australia
This booklet is presented to assist proponents and planners of conservation works by describing the common types used in Western Australia. For each common type, design criteria are listed along with the variables affecting increased risks associated with degradation or structural failure. This information will be useful in choosing appropriate conservation works to alleviate specific degradation in a safe manner
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