Notes on Cash - Flow Taxation
Author:
Publisher: World Bank Publications
Published:
Total Pages: 25
ISBN-13:
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Notes on Cash-flow Taxation
Author: Roger Hall Gordon
Publisher:
Published: 1989
Total Pages: 32
ISBN-13:
DOWNLOAD EBOOKCash-flow taxes have been advocated as efficient, equitable, and easy to administer. In principle, at least, they do not distort savings and investment decisions. But what are the practical implications of the many versions of cash-flow taxation?
No Business Taxation Without Model Representation
Author: Benjamin Carton
Publisher: International Monetary Fund
Published: 2017-11-17
Total Pages: 61
ISBN-13: 1484330323
DOWNLOAD EBOOKThe Global Integrated Monetary and Fiscal model (GIMF) is a multi-region, forward-looking, DSGE model developed at the International Monetary Fund for policy analysis and international economic research. This paper documents the incorporation of corporate income, cash-flow and destination based cash-flow taxes into the model. The analysis presented considers the transmission mechanism of these taxes and details how financial frictions interact with each of the taxes.
Stochastic Discounted Cash Flow
Author: Lutz Kruschwitz
Publisher: Springer Nature
Published: 2020-02-28
Total Pages: 256
ISBN-13: 303037081X
DOWNLOAD EBOOKThis open access book discusses firm valuation, which is of interest to economists, particularly those working in finance. Firm valuation comes down to the calculation of the discounted cash flow, often only referred to by its abbreviation, DCF. There are, however, different coexistent versions, which seem to compete against each other, such as entity approaches and equity approaches. Acronyms are often used, such as APV (adjusted present value) or WACC (weighted average cost of capital), two concepts classified as entity approaches. This book explains why there are several procedures and whether they lead to the same result. It also examines the economic differences between the methods and indicates the various purposes they serve. Further it describes the limits of the procedures and the situations they are best applied to. The problems this book addresses are relevant to theoreticians and practitioners alike.
Revenue Implications of Destination-Based Cash-Flow Taxation
Author: Shafik Hebous
Publisher: International Monetary Fund
Published: 2019-01-15
Total Pages: 35
ISBN-13: 148439481X
DOWNLOAD EBOOKWe estimate the revenue implications of a Destination Based Cash Flow Tax (DBCFT) for 80 countries. On a global average, DBCFT revenues under unchanged tax rates would remain similar to the existing corporate income tax (CIT) revenue, but with sizable redistribution of revenue across countries. Countries are more likely to gain revenue if they have trade deficits, are not reliant on the resource sector, and/or—perhaps surprisingly—are developing economies. DBCFT revenues tend to be more volatile than CIT revenues. Moreover, we consider the revenue losses resulting from spillovers in case of unilateral implementation of a DBCFT. Results suggest that these spillover effects are sizeable if the adopting country is large and globally integrated. These spillovers generate strong revenue-based incentives for many—but not all—other countries to follow the DBCFT adoption.
Identical Twins? Destination-Based Cash-Flow Taxes Versus Consumption Taxes with Payroll Subsidies
Author: Benjamin Carton
Publisher: International Monetary Fund
Published: 2017-12-14
Total Pages: 37
ISBN-13: 1484333403
DOWNLOAD EBOOKThe Global Integrated Monetary and Fiscal model (GIMF) is a multi-region, forward-looking, DSGE model developed by the Economic Modeling Division of the IMF for policy analysis and international economic research. This paper uses GIMF to illustrate when a destination-based cash-flow tax is equivalent to a combination of a consumption tax and a labor subsidy, as the latter combination have been advocated as proxies for the implementation of destination-based cash-flow taxes. The paper documents the conditions under which both types of taxes are identical and how the equivalence in terms of the real economy and tax revenue responses can be broken, namely after the introduction of finitely lived consumers that value government debt as net wealth (real economy) and the introduction of untaxed government expenditure (tax revenue).
Risk and Return for Regulated Industries
Author: Bente Villadsen
Publisher: Academic Press
Published: 2017-04-27
Total Pages: 362
ISBN-13: 0128125888
DOWNLOAD EBOOKRisk and Return for Regulated Industries provides a much-needed, comprehensive review of how cost of capital risk arises and can be measured, how the special risks regulated industries face affect fair return, and the challenges that regulated industries are likely to face in the future. Rather than following the trend of broad industry introductions or textbook style reviews of utility finance, it covers the topics of most interest to regulators, regulated companies, regulatory lawyers, and rate-of-return analysts in all countries. Accordingly, the book also includes case studies about various countries and discussions of the lessons international regulatory procedures can offer. Presents a unified treatment of the regulatory principles and practices used to assess the required return on capital Addresses current practices before exploring the ways methods play out in practice, including irregularities, shortcomings, and concerns for the future Focuses on developed economies instead of providing a comprehensive global reviews Foreword by Stewart C. Myers
Principles of Accounting Volume 1 - Financial Accounting
Author: Mitchell Franklin
Publisher:
Published: 2019-04-11
Total Pages: 1056
ISBN-13: 9781680922912
DOWNLOAD EBOOKThe text and images in this book are in grayscale. A hardback color version is available. Search for ISBN 9781680922929. Principles of Accounting is designed to meet the scope and sequence requirements of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. This book is specifically designed to appeal to both accounting and non-accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across business fields. Each chapter opens with a relatable real-life scenario for today's college student. Thoughtfully designed examples are presented throughout each chapter, allowing students to build on emerging accounting knowledge. Concepts are further reinforced through applicable connections to more detailed business processes. Students are immersed in the "why" as well as the "how" aspects of accounting in order to reinforce concepts and promote comprehension over rote memorization.
How to Read a Financial Report
Author: John A. Tracy
Publisher: John Wiley & Sons
Published: 1985-09
Total Pages: 180
ISBN-13: 9780471834465
DOWNLOAD EBOOKThis is a revised and updated edition serving as a guide to understanding financial reporting and corporate cash flow. It discusses the key relationships financial report users need to understand in managing, lending to, and investing in business. It also shows how to cut through a maze of numbers in order to understand these reports. A standard graphic model is used throughout the text and self testing review questions and answers are included at the end of chapters.
Strategic Business Tax Planning
Author: John E. Karayan
Publisher: John Wiley & Sons
Published: 2006-10-20
Total Pages: 480
ISBN-13: 047000990X
DOWNLOAD EBOOKStrategic Business Tax Planning, Second Edition is the definitive handbook on business tax planning, skipping the unnecessary and minute taxation details and focusing instead on the big picture in taxes. Organized around business processes, this reader-friendly guide shows you how to optimally put tax management principles to work in your business.
