Comparing redistributive efficiency of tax-benefit systems in Europe

In empirical analysis, the Kakwani index is the most frequently used indicator for comparing progressivity across countries and over time. The Kakwani is often assumed to measure to what extent a policy design is targeted to the poor. It has, however, a major drawback: it is not defined for net tax incidence—that is, the whole system of taxes and benefits. Moreover, it is defined over different intervals for different pre-tax income distributions and different average tax rates. This paper proposes an index based on the concept of relative redistributive efficiency that is not affected by these drawbacks. The Redistributive Efficiency index was compared to the Kakwani index for taxes/benefits in EU countries by using Euromod baselines. In addition, the Redistributive Efficiency index was computed on the whole tax-benefit system; that is, taxes and benefits were evaluated together. Only Ireland and the UK combine high levels of redistributive efficiency with a relevant amount of tax revenues and social expenditures. They obviously obtain very high redistribution, above 15 points. Most of the countries considered show an intermediate level of redistribution (between 7 and 12 points), but with a different mix. A group of Central and Northern European countries plus Slovenia and Hungary combine medium levels of redistributive efficiency and medium size, while some Southern European countries (Spain and Portugal) and new members compensate a rather low amount of transfer and taxes with quite high levels of efficiency. The remaining new member states and Southern EU countries show a very low level of redistribution, below 7 points. Interestingly, they vary in the level of tax burden and of resources devoted to benefits but all of them show a poor Redistributive Efficiency. This suggests that low Redistributive Efficiency plays a key role in explaining why certain countries perform a limited amount of redistribution

Olive (Olea europaea) and wild asparagus (Asparagus acutifolius L.) agroforestry system: asparagus performance and its best positioning in the olive orchard

info:eu-repo/semantics/publishedVersio

Radio polarimetry of compact steep spectrum sources at sub-arcsecond resolution

Aims - We report new Very Large Array polarimetric observations of Compact Steep-Spectrum (CSS) sources at 8.4, 15, and 23GHz. Methods - Using multi-frequency VLA observations we have derived sub-arcsecond resolution images of the total intensity, polarisation, and rotation measure (RM) distributions. Results heading - We present multi-frequency VLA polarisation observations of CSS sources. About half of the sources are point-like even at the resolution of about 0.1x0.1 arcseconds. The remaining sources have double or triple structure. Low values for the percentage of polarised emission in CSS sources is confirmed. On the average, quasars are more polarised than galaxies. A wide range of RM values have been measured. There are clear indications of very large RMs up to 5\,585 rad m**(-2). CSS galaxies are characterized by RM values that are larger than CSS quasars. The majority of the objects show very large values of RM. Conclusions - The available data on sub-arcsecond-scale rest-frame RM estimates for CSS sources show that these have a wide range of values extending up to about 36,000 rad m**(-2). RM estimates indicate an overall density of the magneto-ionic medium larger than classical radio sources.Comment: Accepted for publication by Astronomy & Astrophysic

Compact steep-spectrum sources from the S4 sample

We present the results of 5-GHz observations with the VLA A-array of a sample of candidate Compact Steep Spectrum sources (CSSs) selected from the S4 survey. We also estimate the symmetry parameters of high-luminosity CSSs selected from different samples of radio sources, and compare these with the larger sources of similar luminosity to understand their evolution and the consistency of the CSSs with the unified scheme for radio galaxies and quasars. The majority of CSSs are likely to be young sources advancing outwards through a dense asymmetric environment. The radio properties of CSSs are found to be consistent with the unified scheme, in which the axes of the quasars are observed close to the line of sight, while radio galaxies are observed close to the plane of the sky.Comment: accepted for publication in mnras; 8 pages, figure 1 with 21 images, and two additional figures; 2 table

Corporate Governance: Theory and Practice

no abstract è un libro

Measurement errors and tax evasion in annual incomes: evidence from survey data matched with fiscal data

Individual records, referred to personal interviews of a survey on income carried out in Modena during 2012 and tax year 2011, had been matched with their corresponding records in the Ministry of Finance databases containing the fiscal incomes of tax year 2011. The analysis of the resulting data set suggested that the fiscal income was generally more reliable than surveyed income, but in the literature the exact opposite is often assumed. Moreover, the obtained data set enables identification of the factors determining over- and under-reporting, as well as measurement error, through a comparison of the surveyed income with the fiscal income, only for suitable categories of interviewees: the taxpayers who are obliged to respect the law (the constrained sector), and taxpayers who have many possibilities to evade (the unconstrained sector). The percentage of under-reporters (67.3%) was higher than those of over-reporters (32.7%). Level of income, age, and education were the main regressors affecting the measurement errors and the behaviours of taxpayers. Estimations of tax evasion and the impacts of personal factors affecting it were carried out following different approaches. The average of individual propensity to tax evasion was 25.93% of the corresponding fiscal income. The potential total tax evaders were about 10%