The Effects of Land Value Taxation in a Computable General Equilibrium Model *
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Creating Market Incentives for Greener Products Policy Manual for Eastern Partnership Countries
Creating Market Incentives for Greener Products Policy Manual for Eastern Partnership Countries Creating Incentives for Greener Products Policy Manual for Eastern Partnership Countries 2014 About the OECD The OECD is a unique forum where governments work together to address the economic, social and environmental challenges of globalisation. The OECD is also at the forefront of efforts to understand and to help governments respond to new developments and concerns, such as corporate governance, the information economy and the challenges of an ageing population. The Organisation provides a setting where governments can compare policy experiences, seek answers to common problems, identify good practice and work to co-ordinate domestic and international policies. The OECD member countries are: Australia, Austria, Belgium, Canada, Chile, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Israel, Italy, Japan, Korea, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, Poland, Portugal, the Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States. The European Union takes part in the work of the OECD. Since the 1990s, the OECD Task Force for the Implementation of the Environmental Action Programme (the EAP Task Force) has been supporting countries of Eastern Europe, Caucasus and Central Asia to reconcile their environment and economic goals. About the EaP GREEN programme The “Greening Economies in the European Union’s Eastern Neighbourhood” (EaP GREEN) programme aims to support the six Eastern Partnership countries to move towards green economy by decoupling economic growth from environmental degradation and resource depletion. The six EaP countries are: Armenia, Azerbaijan, Belarus, Georgia, Republic of Moldova and Ukraine. -
Oklahoma Oil and Gas Industry Taxation
OKLAHOMA OIL AND GAS INDUSTRY TAXATION Comparative Effective Tax Rates in the Major Producing States January 11, 2018 Oklahoma Oil and Gas Industry Taxation Contents I. Introduction .......................................................................................................................................... 2 II. Severance Taxes .................................................................................................................................... 4 Recent Tax Law Changes .................................................................................................................. 4 Oklahoma Severance Tax Payments ................................................................................................ 4 Oklahoma Effective Severance Tax Rate.......................................................................................... 7 Oklahoma Versus Other Producing States ....................................................................................... 8 State Trends in Severance Tax Rates ............................................................................................. 10 III. Ad Valorem Taxes ............................................................................................................................... 11 IV. Measuring the Broader Tax Contribution of Oil & Gas ....................................................................... 16 Personal Income Taxes and Oil and Gas Earnings ......................................................................... 17 Oil and Gas-Related -
Contiguous Residential Land FAQ
Contiguous Residential Land FAQ What is the difference between Vacant Land and contiguous Residential Land? Vacant Land is any parcel of land that does not have a building or residence built on it (unimproved) as of the Assessment Date- January, 1st each year. Vacant Land is Assessed at 29% of its Actual Value. Contiguous Residential Land is also unimproved but is contiguous to a residentially improved parcel. Residential Land is Assessed at the Residential rate of 7.15% of its Actual Value. How does land qualify as contiguous Residential Land? For Vacant Land to be classified as Residential Land, it needs to have a residential dwelling on it, or it must meet all three of the following criteria, as established by law; 1. The Vacant Land parcel must be contiguous with the Residentially improved parcel. 2. Both parcels must be under common ownership (identical). 3. Both parcels must be used as a unit. What does “contiguous” mean? For property classification and taxation purposes, “contiguous” means parcels of land that physically touch one another. This meaning was affirmed in Mooks v. Board of County Commissioners, 2020 CO 12, by the Colorado Supreme Court. What does “common ownership” mean? Simply put, “common ownership” means that both the residentially improved parcel and the contiguous vacant land parcel must have identical ownership, established by the County’s recorded documents. This meaning was affirmed in Lannie v. Board of County Commissioners, 2020 COA 77, by the Colorado Court of Appeals. What does “used as a unit” mean? In Hogan v. Board of County Commissioners, 2020 CO 12, the Colorado Supreme Court stated, “that a landowner must use multiple parcels of land together as a collective unit of residential property to satisfy the ‘used as a unit’ requirement.” Put another way, all contiguous properties must be used residentially and as though they are a greater, single parcel of land. -
Ecotaxes: a Comparative Study of India and China
Ecotaxes: A Comparative Study of India and China Rajat Verma ISBN 978-81-7791-209-8 © 2016, Copyright Reserved The Institute for Social and Economic Change, Bangalore Institute for Social and Economic Change (ISEC) is engaged in interdisciplinary research in analytical and applied areas of the social sciences, encompassing diverse aspects of development. ISEC works with central, state and local governments as well as international agencies by undertaking systematic studies of resource potential, identifying factors influencing growth and examining measures for reducing poverty. The thrust areas of research include state and local economic policies, issues relating to sociological and demographic transition, environmental issues and fiscal, administrative and political decentralization and governance. It pursues fruitful contacts with other institutions and scholars devoted to social science research through collaborative research programmes, seminars, etc. The Working Paper Series provides an opportunity for ISEC faculty, visiting fellows and PhD scholars to discuss their ideas and research work before publication and to get feedback from their peer group. Papers selected for publication in the series present empirical analyses and generally deal with wider issues of public policy at a sectoral, regional or national level. These working papers undergo review but typically do not present final research results, and constitute works in progress. ECOTAXES: A COMPARATIVE STUDY OF INDIA AND CHINA1 Rajat Verma2 Abstract This paper attempts to compare various forms of ecotaxes adopted by India and China in order to reduce their carbon emissions by 2020 and to address other environmental issues. The study contributes to the literature by giving a comprehensive definition of ecotaxes and using it to analyse the status of these taxes in India and China. -
The Instruments of Trade Policy
M09_KRUG6654_09_SE_C09.QXD 10/20/10 9:54 PM Page 192 chapter9 The Instruments of Trade Policy Part Two revious chapters have answered the question, “Why do nations trade?” by describing the causes and effects of international trade and the functioning Pof a trading world economy. While this question is interesting in itself, its answer is even more interesting if it also helps answer the question, “What should a nation’s trade policy be?” For example, should the United States use a tariff or an import quota to protect its automobile industry against competition from Japan and South Korea? Who will benefit and who will lose from an import quota? Will the benefits outweigh the costs? This chapter examines the policies that governments adopt toward interna- tional trade, policies that involve a number of different actions. These actions include taxes on some international transactions, subsidies for other transac- tions, legal limits on the value or volume of particular imports, and many other International Trade Policy measures. The chapter thus provides a framework for understanding the effects of the most important instruments of trade policy. LEARNING GOALS After reading this chapter, you will be able to: • Evaluate the costs and benefits of tariffs, their welfare effects, and winners and losers of tariff policies. • Discuss what export subsidies and agricultural subsidies are, and explain how they affect trade in agriculture in the United States and the European Union. • Recognize the effect of voluntary export restraints (VERs) on both importing and exporting countries, and describe how the welfare effects of these VERs compare with tariff and quota policies. -
Relationship Between Tax and Price and Global Evidence
Relationship between tax and price and global evidence Introduction Taxes on tobacco products are often a significant component of the prices paid by consumers of these products, adding over and above the production and distribution costs and the profits made by those engaged in tobacco product manufacturing and distribution. The relationship between tax and price is complex. Even though tax increase is meant to raise the price of the product, it may not necessarily be fully passed into price increase due to interference by the industry driven by their profit motive. The industry is able to control the price to certain extent by maneuvering the producer price and also the trade margin through transfer pricing. This presentation is devoted to the structure of taxes on tobacco products, in particular of excise taxes. Outline Tax as a component of retail price Types of taxes—excise tax, import duty, VAT, other taxes Basic structures of tobacco excise taxes Types of tobacco excise systems Tax base under ad valorem excise tax system Comparison of ad valorem and specific excise regimes Uniform and tiered excise tax rates Tax as a component of retail price Domestic product Imported product VAT VAT Import duty Total tax Total tax Excise tax Excise tax Wholesale price Retail Retail price Retail & retail margin Wholesale Producer Producer & retail margin Industry profit Importer's profit price CIF value Cost of production Excise tax, import duty, VAT and other taxes as % of retail price of the most sold cigarettes brand, 2012 Total tax -
Tax Challenges in the Digital Economy
DIRECTORATE GENERAL FOR INTERNAL POLICIES POLICY DEPARTMENT A: ECONOMIC AND SCIENTIFIC POLICY TAX CHALLENGES IN THE DIGITAL ECONOMY STUDY Abstract This paper analyses direct and indirect tax challenges in the digital economy in light of the conclusions of the OECD’s BEPS (Base Erosion and Profit Shifting) Project. While assessing the recent reforms in the area of taxation within the EU and third countries, it revisits the question of whether or not specific measures are needed for the digital sector. Taking into account the recent scandals involving big digital companies and their aggressive tax planning practices in the EU, the specificities of the digital sector and the legal landscape in the 28 Member States, the paper makes policy recommendations for further tax reforms in order to tackle tax avoidance and harmful competition. This document was provided/prepared by Policy Department A at the request of the TAXE2 Committee. IP/A/TAXE2/2016-04 June 2016 PE 579.002 EN This document was requested by the European Parliament's Special Committee on Tax Rulings AUTHOR Eli HADZHIEVA, Dialogue for Europe RESPONSIBLE ADMINISTRATOR Dirk VERBEKEN EDITORIAL ASSISTANT Karine GAUFILLET LINGUISTIC VERSIONS Original: EN ABOUT THE EDITOR Policy departments provide in-house and external expertise to support EP committees and other parliamentary bodies in shaping legislation and exercising democratic scrutiny over EU internal policies. To contact Policy Department A or to subscribe to its newsletter please write to: Policy Department A: Economic and Scientific Policy European Parliament B-1047 Brussels E-mail: [email protected] Manuscript completed in April 2016 © European Union, 2016 This document is available on the Internet at: http://www.europarl.europa.eu/studies DISCLAIMER The opinions expressed in this document are the sole responsibility of the author and do not necessarily represent the official position of the European Parliament. -
Mls Glossary of Terms
MLS GLOSSARY OF TERMS A Acceptance - The time at which an offer to purchase is accepted. The fact that it was accepted must be relayed to the person that made an offer for all parties to be bound to the contract. Acres - The total number of acres of the property. Acres Cultivated – (of land or fields) Prepared for raising crops by plowing or fertilizing. Acres Pasture – This type of land is typically used by animals. Acres Timber – Trees or wooded land considered as a source of wood. Ad Valorem Tax – Charged by local government, this tax is based on the value of the property, as determined by the local government authorities. Additional Deposit – A buyer of real property will generally give a small deposit with an offer, and a more substantial deposit after the offer has been accepted. The second deposit is the "additional deposit." Additional Public Remarks – "The additional remarks shall not include any contact information i.e. agent, broker, company, bonuses, commission, URL information, affiliated businesses and owner name, phone numbers, however this information may be entered in the Realtor Remarks field". Adjustable Rate Mortgage (ARM) - A mortgage whose interest rate over the life of the loan is not necessarily the same as the original interest rate at the loan inception. Rate changes may go up or down and are usually tied to an economic indicator and a time. The person getting the mortgage should check to see if these fluctuations have a cap, and make sure they are comfortable with whatever that cap is. Some ARMS are convertible to a fixed interest rate after a period. -
Paper Title on the First Page
Digital economy and BEPS: practical questions with practical answers? Adv LLM paper submitted by Fabián Acosta in fulfillment of the requirements of the 'Master of Advanced Studies in International Tax Law' degree at the International Tax Center Leiden (Leiden University) supervised by Gábor Baranyai Fabián Acosta version 15 08 2016 II PERSONAL STATEMENT Regarding the Adv LLM Paper submitted to satisfy the requirements of the 'Master of Advanced Studies in International Tax Law' degree: 1. I hereby certify (a) that this is an original work that has been entirely prepared and written by myself without any assistance, (b) that this paper does not contain any materials from other sources unless these sources have been clearly identified in footnotes, and (c) that all quotations and paraphrases have been properly marked as such while full attribution has been made to the authors thereof. I accept that any violation of this certification will result in my expulsion from the Adv LLM Program or in a revocation of my Adv LLM degree. I also accept that in case of such a violation professional organizations in my home country and in countries where I may work as a tax professional are informed of this violation. 2. I hereby authorize the International Tax Center Leiden to place my paper, of which I retain the copyright, in its library or other repository for the use of visitors to and/or staff of said library or other repository. Access shall include, but not be limited to, the hard copy of the paper and its digital format. 3. In articles that I may publish on the basis of my Adv LLM Paper, I will include the following statement in a footnote to the article’s title or to the author’s name: “This article is based on the Adv LLM paper the author submitted in fulfillment of the requirements of the 'Master of Advanced Studies in International Tax Law' degree at the International Tax Center Leiden (Leiden University).” 4. -
Article 5 – General Provisions
Cherokee County Zoning Ordinance Article 5 – General Provisions Article 5 – General Provisions 5.1 Interpretation. 5.1-1 In their interpretation and application, the provisions of the Zoning Ordinance shall be held to be the minimum requirements for the promotion of the public health, safety, morals and welfare, including those purposes, intents, objectives or similar language as set out in various Articles of the Ordinance. 5.1-2 Where the conditions imposed by any provision of this zoning code upon the use of land or buildings or upon the bulk of buildings are either more restrictive or less restrictive than comparable conditions imposed by any other provisions of this code or of any other law, Ordinance, resolution, rule or regulation of any land, the regulations which are more restrictive (or which impose higher standards or requirements) shall govern. 5.2 Scope of Regulations. Except as otherwise provided in Article 14, “Non-Conforming Uses”, all buildings erected hereafter, all uses of land or buildings established hereafter, all structural alteration or relocation of existing buildings occurring hereafter, and all enlargements of or additions to existing uses occurring hereafter shall be subject to all regulations of this Ordinance which are applicable to the zoning districts in which such buildings, uses or land shall be located. 5.3 Building Permits. Building permits are required for all structures erected, converted, enlarged, restructured, moved or structurally altered and the provisions for said building permit shall be separately -
Personal Property Appraisal and Assessment
Personal Property Appraisal and Assessment June 2007 North Carolina Department of Revenue Property Tax Division SECTION I INTRODUCTION Section 1- Page 1 Preface This edition of the personal property appraisal manual represents our continued effort to improve the quality of personal property assessment in North Carolina. It is our hope that the use of this manual will be of assistance to all county property appraisers as you undertake the difficult task of personal property valuation. It is our intention to keep this manual as current as possible, and any suggestions or comments you have will be appreciated. This edition features updated legal, listing, and machinery & equipment appraisal sections. The addition of the Statewide Abstract is also incorporated in this manual. The manual will continue to evolve with each subsequent publication as we learn more about the appraisal of personal property. We would like to recognize the contributions of our former staff members, Roger Ellis and Jim Wagner for their work on the earlier editions of the manual. In addition, we would like to thank all the support staff of our office for their efforts in preparing the manuscript. North Carolina Department of Revenue Property Tax Division David Baker-Director Kirk Boone-Property Tax Valuation Specialist II Dave Duty-Property Tax Valuation Specialist I Gregg Martin-Property Tax Valuation Specialist I June 2007 Section 1-Page 2 Introduction Appraisal of Personal Property The listing and appraisal of personal property for ad valorem tax purposes is a complex task which can create a major problem in an assessor's office if not done in a professional manner that promotes uniformity and equity among all business taxpayers. -
Publication 577 Faqs Regarding the Additional Tax on Transfers of Residential Real Property for $1 Million Or More
Publication 577 FAQs Regarding the Additional Tax on Transfers of Residential Real Property for $1 Million or More Pub 577 (2/10) Publication 577 (2/10) Table of contents Introduction................................................................................................................................................. 5 Definitions................................................................................................................................................... 5 Frequently asked questions......................................................................................................................... 7 NOTE: A Publication is an informational document that addresses a particular topic of interest to taxpayers. Subsequent changes in the law or regulations, judicial decisions, Tax Appeals Tribunal decisions, or changes in Department policies could affect the validity of the information contained in a publication. Publications are updated regularly and are accurate on the date issued. This page intentionally left blank Publication 577 (2/10) Introduction Tax Law Article 31 imposes a real estate transfer tax on each conveyance of real property, or interest in real property, when the consideration exceeds $500. The tax is computed at a rate of two dollars for each $500 of consideration, or for any fractional part of $500. An additional tax is imposed on each conveyance of real property or interest in real property used in whole or in part as a personal residence when the consideration for the entire conveyance