The economic psychology of value added tax compliance

VAT is a tax on consumer expenditure, collected on business transactions and assessed on the value added to goods and services. It applies, with some exceptions (for example, to young children’s clothes and shoes in the UK), to all goods and services that are bought and sold. VAT is a general tax (as it applies, in principle, to all commercial activities) and a consumption tax (as it is paid ultimately by the final consumer). It is not actually a tax on business, though some business owners do see it that way. In fact, whilst VAT is paid to the tax authorities by the seller of the goods or services, the tax is paid by the buyer to the seller as part of the tax and so, in essence, businesses are acting as unpaid tax collectors. VAT was first introduced in France in 1954, and subsequently has been extended, through a series of directives, to cover the whole of the European Union (EU). The system in the EU is now reasonably standardized, although different rates of VAT apply in different EU member states. The minimum standard rate in the EU is 15 percent, though lower rates are applied to certain services. Some goods and services are exempt from VAT throughout the EU (e.g., postal services, insurance, betting). In addition to spreading throughout Europe (member states are required to introduce VAT, so the increase in membership of the EU has inevitably increased the number of countries that use this system), VAT has also been introduced in a large number of other countries, notably China (Yeh, 1997), and India (after many delays) in 2005, so that now over 130 countries world-wide operate VAT. In the Caribbean, for example, Belize, Dominica, Guyana, and Antigua have all introduced VAT in the past two years. Other countries have introduced taxes that are classified as value added taxes, such as Australia, which now operates a General Sales Tax (GST). The introduction of VAT has been the major tax reform around the world in the past 25 years, and VAT is now of global significance and impact (Ebrill et al., 2001)

Macromia alleghaniensis (Odonata: Macromiidae): New For Michigan, with Clarifications of Northern Records

An Alleghany River Cruiser, Macromia alleghaniensis Williamson (Odonata: Macromiidae), collected in Cass County, Michigan on 18 June 2014, represents the first record of the species for the state, as well as the northernmost unequivocal record in North America. Other records north of 40° latitude are clarified and discussed

Shingle 2.0: generalising self-consistent and automated domain discretisation for multi-scale geophysical models

The approaches taken to describe and develop spatial discretisations of the domains required for geophysical simulation models are commonly ad hoc, model or application specific and under-documented. This is particularly acute for simulation models that are flexible in their use of multi-scale, anisotropic, fully unstructured meshes where a relatively large number of heterogeneous parameters are required to constrain their full description. As a consequence, it can be difficult to reproduce simulations, ensure a provenance in model data handling and initialisation, and a challenge to conduct model intercomparisons rigorously. This paper takes a novel approach to spatial discretisation, considering it much like a numerical simulation model problem of its own. It introduces a generalised, extensible, self-documenting approach to carefully describe, and necessarily fully, the constraints over the heterogeneous parameter space that determine how a domain is spatially discretised. This additionally provides a method to accurately record these constraints, using high-level natural language based abstractions, that enables full accounts of provenance, sharing and distribution. Together with this description, a generalised consistent approach to unstructured mesh generation for geophysical models is developed, that is automated, robust and repeatable, quick-to-draft, rigorously verified and consistent to the source data throughout. This interprets the description above to execute a self-consistent spatial discretisation process, which is automatically validated to expected discrete characteristics and metrics.Comment: 18 pages, 10 figures, 1 table. Submitted for publication and under revie

\u3ci\u3eErythrodiplax Umbrata\u3c/i\u3e (Odonata: Libellulidae): New for Michigan

Two band-winged dragonlets, Erythrodiplax umbrata (Linnaeus), collected in Wayne County, Michigan on 6 October 2007 represent the first records for this genus and species in the state, as well as the northernmost record for the species. They were found during a period in which many individuals were seen or photographed in Ohio, which prior to 2006, had only two records

Redefining and Improving School District Governance

Explores recent research literature and emerging practices concerning the roles and responsibilities of district school boards and the issues impeding or assisting their effectiveness

Finance, Control, and Profitability: The Influence of German Banks

Bank intermediated finance has been cited frequently as the preferred means for channeling funds from savers to firms. Germany is the prototypical economy where universal banks allegedly exert substantial influence over firms. Despite frequent assertions about the considerable power of German banks and the advantages of a bank relation, empirical support is mixed. With a unique dataset and a focus on the fragility/sturdiness of inferences, this paper evaluates German bank influence in terms of three hypotheses: 1) do bank influenced firms enjoy lower finance costs? [No]; 2) is bank influence a solution to control problems? [Yes]; 3) do bank influenced firms have higher profitability? [No]. Coupled with results about the control consequences of concentrated ownership, these results suggest that bank influence serves as a substitute control mechanism, one of several available for addressing corporate control problems.German banks, corporate finance and governance

Cooling of rocket thrust chambers with liquid oxygen

Rocket engines using high pressure liquid oxygen (LOX) and kerosene (RP-1) as the propellants have been considered for future launch vehicle propulsion. Generally, in regeneratively cooled engines, the fuel is used to cool the combustion chamber. However, hydrocarbons such as RP-1 are limited in their cooling capability at high temperatures and pressures. Therefore, LOX is being considered as an alternative coolant. However, there has been concern as to the effect on the integrity of the chamber liner if oxygen leaks into the combustion zone through fatigue cracks that may develop between the cooling passages and the hot-gas side wall. To address this concern, an investigation was previously conducted with simulated fatigue cracks upstream of the thrust chamber throat. When these chambers were tested, an unexpected melting in the throat region developed which was not in line with the simulated fatigue cracks. The current experimental program was conducted in order to determine the cause for the failure in the earlier thrust chambers and to further investigate the effects of cracks in the thrust chamber liner upstream of the throat. The thrust chambers were tested at oxygen-to-fuel mixture ratios from 1.5 to 2.86 at a nominal chamber pressure of 8.6 MPa. As a result of the test series, the reason for the failure occurring in the earlier work was determined to be injector anomalies. The LOX leaking through the simulated fatigue cracks did not affect the integrity of the chambers