Can Tax Expenditure Analysis be Divorced from a Normative Tax Base? A Critique of the "New Paradigm" and Its Denouement. Can Tax Expenditure Analysis be Divorced from a Normative Tax Base? A Critique of the "New Paradigm" and Its Denouement.

Can Tax Expenditure Analysis be Divorced from a Normative Tax Base? A Critique of the "New Paradigm" and Its Denouement‪.‬

Virginia Tax Review 2010, Summer, 30, 1

    • £2.99
    • £2.99

Publisher Description

I INTRODUCTION In spite of the controversy that surrounds it, tax expenditure analysis (TEA), at its core, is a simple, intuitively obvious idea. For example, assume that recently independent hypothetical country Newlandia uses a currency symbolized by "N" and that it also imposes a 20-percent flat rate tax on annual net income in excess of an N5,000 exemption. Assume further that Newlandia's economy is principally based on production of agricultural commodities with unstable prices. Consequently, the Newlandian Parliament has decided to stimulate manufacturing by providing a subsidy equal to five percent of the first N20,000 of each taxpayer's net manufacturing income above the N5,000 exemption. Thus, a taxpayer with N6,000 of net manufacturing income for a particular year will receive an N50 subsidy, (1) the subsidy for a taxpayer with N25,000 of net manufacturing income will be N1,000, (2) and no taxpayer's subsidy will exceed N1,000 per year.

GENRE
Business & Personal Finance
RELEASED
2010
22 June
LANGUAGE
EN
English
LENGTH
83
Pages
PUBLISHER
Virginia Tax Review
SIZE
377.6
KB

More Books Like This

Reinvigorating Tax Expenditure Analysis and Its International Dimension. Reinvigorating Tax Expenditure Analysis and Its International Dimension.
2008
Is the Tax Expenditure Concept Still Relevant? Is the Tax Expenditure Concept Still Relevant?
2003
Retrospectives on Public Finance Retrospectives on Public Finance
2012
Las Tres G: Gobernar es Gravar Para Gastar *: Gobernar Eficientemente es Gravar y Gastar Eficientemente. Las Tres G: Gobernar es Gravar Para Gastar *: Gobernar Eficientemente es Gravar y Gastar Eficientemente.
2003
Constrained Tax Reform: How Political and Economic Constraints Affect the Formation of Tax Policy Proposals. Constrained Tax Reform: How Political and Economic Constraints Affect the Formation of Tax Policy Proposals.
2006
To Praise the AMT Or to Bury It (Alternative Minimum Tax) To Praise the AMT Or to Bury It (Alternative Minimum Tax)
2005

More Books by Virginia Tax Review

Re-Thinking First Principles of Transfer Pricing Rules. Re-Thinking First Principles of Transfer Pricing Rules.
2011
The Digital VAT (D-VAT). (Value Added Tax) The Digital VAT (D-VAT). (Value Added Tax)
2006
Reframing Economic Substance. Reframing Economic Substance.
2011
U.S. Policy Against Treaty Shopping - from Aiken Industries to Anti-Conduit Regs: Critical View of Current Double-Step Approach in Light of Tax Treaties' Objectives and Purposes. U.S. Policy Against Treaty Shopping - from Aiken Industries to Anti-Conduit Regs: Critical View of Current Double-Step Approach in Light of Tax Treaties' Objectives and Purposes.
2011
The Congressional Response to Corporate Expatriations: The Tension Between Symbols and Substance in the Taxation of Multinational Corporations. The Congressional Response to Corporate Expatriations: The Tension Between Symbols and Substance in the Taxation of Multinational Corporations.
2005
Revisiting Global Formulary Apportionment. Revisiting Global Formulary Apportionment.
2010