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Six Latin American countries have levied taxes on withdrawals from bank accounts, which have been viewed as a convenient tax handle during a difficult fiscal period. The paper reviews the arguments for and against this type of taxation, describes the taxes, and surveys their revenue performance...
Persistent link: https://www.econbiz.de/10012782873
This paper argues that securities transaction taxes throw sand not in the wheels, but into the engine of financial markets where the transformation of latent demands into realized transactions takes place. The paper considers the impact of transaction taxes on financial markets in the context of...
Persistent link: https://www.econbiz.de/10012782887
I present a model in which a venture capitalist and an entrepreneur are engaged in the complex and risky task of forming a new company. I show that a reallocation of control rights can alleviate some commitment and incentives problems and lead to an improved outcome. In contrast to earlier...
Persistent link: https://www.econbiz.de/10012788089
Persistent link: https://www.econbiz.de/10008012943
Persistent link: https://www.econbiz.de/10006705649
Since the dissolution of the Soviet Union at the end of 1991, Russia and the other countries which were members of the USSR have adopted value-added taxes. The value-added tax now provides a very significant portion of total tax revenue in all of these countries. Ideally, the value-added tax...
Persistent link: https://www.econbiz.de/10005768922
Six Latin American countries have levied taxes on withdrawals from bank accounts, which have been viewed as a convenient tax handle during a difficult fiscal period. The paper reviews the arguments for and against this type of taxation, describes the taxes, and surveys their revenue performance...
Persistent link: https://www.econbiz.de/10005599609
In all of the new countries formed after the dissolution of the Soviet Union, other than the Baltics, the value-added taxes (VATs) adopted were “hybrid” VATs that treat CIS trade differently from trade with the rest of the world. This paper inquires whether this is appropriate. The paper...
Persistent link: https://www.econbiz.de/10005825735
Persistent link: https://www.econbiz.de/10006565419
This paper presents the model of a relationship between a venture capitalist and an entrepreneur engaged in the formation of a new firm. I assume that the entrepreneur derives private nonpecuniary benefits from having some control over the firm. I show that to separate the entrepreneur's value...
Persistent link: https://www.econbiz.de/10005334426