User:Nick Gardner /Sandbox: Difference between revisions

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There is no apparent advantage to be gained from adding the indirect taxation of the sources of investment income by  adding a tax on company profits  to its direct taxation as part of personal income taxation - although it  was suggested in the Meade Report that it might be considered to be a payment for the privileges of limited liability<ref>[http://www.ifs.org.uk/docs/meade.pdf, ''The Structure and Reform of Direct Taxation'',  chapter 12, page 227]</ref>.  
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==Index and Glossary==
There is an index to the topics dealt with in the economics articles [[Economics/Related Articles|here]], and a glossary of economic terms [[Economics/Glossary|here]].


Corporate taxation can affect productivity in several ways. It can distort relative factor prices and re-allocation of resources towards less productive sectors. it imposes compliance costs on firms and administrative costs on governments, thereby diverting  resources from productive activities, and it  may reduce incentives to invest and  innovate. It may also impair technology transfer by detering foreign direct investment<ref>[http://www.ifs.org.uk/mirrleesreview/reports/conference_drafts/international_tax.pdf Rachel Griffith, James Hines and Peter Birch Sorensen:''International Capital Taxation'' (draft for the Mirrlees enquiry), 2009]</ref>. The deductability of interest payments favours established corporations that can readily finance their investments by borrowing at the expense of  innovative, knowledge-based and recently established firms that are riskier or less able to provide collateral, so have to obtain most of their funding from shareholders. Alternative forms of corporate taxation  that may mitigation those disadvantages have been proposed, including  the use of 100% "capital allowances" or the adoption of "flow-of-funds" taxation <ref>[http://www.ifs.org.uk/docs/meade.pdf]</ref>).  
See also the [[Politics/Index|'''index to the politics articles ''']].


[[User:Nick_Gardner#Methodology|methodology]]


{|align="right" cellpadding="10" style="background-color:#FFFFCC; width:40%; border: 1px solid #aaa; margin:20px; font-size: 92%;"
|"''The European Union is something ...
very precious, not only for us in Europe, but also for the rest of the world. Because the European Union is, in fact, the result of a project for peace that brought together nations emerging from the ruins of the Second World War. It was the European Union that united them in peace around the values of respect for human dignity, freedom, democracy, justice, rule of law and respect for human rights.''"


<ref>Diamond and  Mirrlees: ''Optimal Taxation and Public Production'', American Economic Review, Vol. 61. 1971</ref>
:Merci Olsson, of Nobel Med, congratulating  President Barroso on the award of The Nobel Peace Prize t the European Union, 12 October 2012.
 
|}
 
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Latest revision as of 03:28, 22 November 2023


The account of this former contributor was not re-activated after the server upgrade of March 2022.


Index and Glossary

There is an index to the topics dealt with in the economics articles here, and a glossary of economic terms here.

See also the index to the politics articles .

methodology

"The European Union is something ... 
very precious, not only for us in Europe, but also for the rest of the world. Because the European Union is, in fact, the result of a project for peace that brought together nations emerging from the ruins of the Second World War. It was the European Union that united them in peace around the values of respect for human dignity, freedom, democracy, justice, rule of law and respect for human rights."
Merci Olsson, of Nobel Med, congratulating President Barroso on the award of The Nobel Peace Prize t the European Union, 12 October 2012.
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