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Arbeitskreis Quantitative Steuerlehre
arqus Arbeitskreis Quantitative Steuerlehre www.arqus.info Diskussionsbeitrag Nr. 3 Caren Sureth / Ralf Maiterth Wealth Tax as Alternative Minimum Tax ? − The Impact of a Wealth Tax on Business Structure and Strategy − April 2005 arqus Diskussionsbeiträge zur Quantitativen Steuerlehre arqus Discussion Papers on Quantitative Tax Research ISSN 1861-8944 Wealth Tax as Alternative Minimum Tax ? – The Impact of a Wealth Tax on Business Structure and Strategy – Caren Sureth∗ † and Ralf Maiterth∗∗ April 2005 ∗ Prof. Dr. Caren Sureth, University of Paderborn, Faculty of Business Administration and Economics, Warburger Str. 100, D-33098 Paderborn, Germany, e-mail: [email protected] † corresponding author ∗∗ Dr. Ralf Maiterth, University of Hanover, Department of Economics, K¨onigsworther Platz 1, D-30167 Hanover, Germany, e-mail: [email protected] Wealth Tax as Alternative Minimum Tax ? – The Impact of a Wealth Tax on Business Structure and Strategy – Abstract An alternative minimum tax (AMT) is often regarded as desirable. We analyze a wealth tax at corporate and personal level that is designed as an AMT as proposed by the German Green Party. This wealth tax is imputable to profit taxes and is hence intended to prevent multiple (multistage) taxation. Referring to data from annual reports and the German Central Bank we model enterprises of different structure, industry, size and legal status. We show that companies in the service sector which generally maintain rather high gearing rates are more frequently subjected to the wealth tax than capital intensive industries. This result runs counter to well-known effects of a common wealth tax. Capital intensive firms, e.g. in the metal industry, are levied with definitive wealth tax only if they have large loss carry-forwards or extremely volatile profits. -
County Tax Settlement Guide
SUGGESTED PROCEDURES FOR THE PREPARATION OF THE COUNTY FINAL TAX SETTLEMENT June 1, 2019 SUGGESTED PROCEDURES FOR THE PREPARATION OF THE COUNTY FINAL TAX SETTLEMENT INDEX Tax Settlement Narrative Real Estate Page 1 – 4 Personal Page 5 – 6 Utility and Carrier Page 7 Net Tax and Distribution of Net Tax Page 7 – 11 Excess Collector’s Commission Page 12 Tax Settlement Checklist Page 13 Sample Tax Settlement Exhibits Page 14 – 22 Rate Calculation Examples Page 23 – 25 Cost Sheet Example Page 26 Monthly Distribution of Ad Valorem Taxes Page 27 Monthly Distribution of Sales Tax Rebate Page 28 Sales Tax Final Tax Settlement Page 29 – 30 General Information Pertaining to Ad Valorem Taxation Page 31 – 55 Certain Legislative Acts Pertaining to Taxes Page 56 – 66 GENERAL NARRATIVE The millage rates used for the extension of taxes will be those millage rates levied by the Quorum Court in its regular meeting in November of each year, in accordance with Ark. Code Ann. § 14- 14-904. The 2001 Legislature amended Ark. Code Ann. § 14-14-904, allowing the Quorum Court to correct millage levies in cases where an incorrect levy was due to clerical errors and/or the failure of the taxing entity to report the correct millage. The correction is effected by a county court order. In this manual, the millage rates have equalized for all taxing units and, therefore, are the same for both real estate and personal property. The breakdown of this sample tax settlement into real, personal, and utility taxes has a dual purpose: (1) to provide a mechanism to identify and isolate possible errors by type of tax and (2) to recognize those counties where the real and personal tax rates have not yet equalized. -
Biogas Current Biofuels
Current Biofuels - Biogas Keywords Bioenergy, biofuel, biogas, sustainable, renewable, biomass, anaerobic, waste, bacteria, microbes, fermentation, methane. Background Biofuel feedstocks that have high water content, such as food wastes and livestock manure cannot be easily incinerated, but can produce biogas. Biogas can be burnt to produce heat for cooking, warming homes and producing electricity. It can also be compressed and used as a transport fuel in specially © istockphoto® converted vehicle engines. The digested residue is of use as fertiliser in agriculture. Biogas storage containers Biogas is 60-80% methane and is created by a process termed anaerobic digestion, leaving behind a nutrient- rich substance termed digestate. Anaerobic digestion is carried out by a range of bacteria in the absence of oxygen. A number of bacteria and yeast have been identified in biogas production. Initially carbon dioxide is produced by the decomposing organic matter until an anaerobic environment is created. After the initial digestion a group of bacteria known as methanogens convert the products into methane and carbon dioxide. Anaerobic digestion has a number of environmental benefits including production of ‘green energy and natural fertilisers. The production of biogas can substitute feedstocks for fossil fuels and artificial fertilisers, reducing the amount of greenhouse gases released into the atmosphere. The problems associated with waste disposal are also alleviated by the generation of useful products and decreased release of the potent greenhouse gas, methane, from landfill sites Biogas is successfully generated in a number of developing countries and Europe. In the UK, research is being conducted in a number of areas of biogas production including: • Assessment of how more automated production can be achieved and scaled up to make it efficient and cost e fective. -
Expanding the Use of Biogas with Fuel Cell Technologies
Expanding the Use of Biogas with Fuel Cell Technologies Biogas with Fuel Cells Workshop Sunita Satyapal National Renewable Energy Laboratory U.S. Department of Energy Golden, Colorado Fuel Cell Technologies Program Program Manager 6/11/2012 1 eere.energy.gov U.S. Energy Consumption U.S. Primary Energy Consumption by Source and Sector Renewable Electric Power Energy 8% Fuel Cells can apply to diverse Nuclear Industrial sectors Energy 9% Share of Energy Consumed Petroleum 37% by Major Sectors of the Economy, 2010 Residential & Commercial Coal 21% Residential 16% Transportation Natural Gas Electric Power 25% 29% Commercial 13% Transportation 20% Total U.S. Energy = 98 Quadrillion Btu/yr Industrial 22% Source: Energy Information Administration, Annual Energy Review 2010, Table 1.3 2 eere.energy.gov Fuel Cells – An Emerging Global Industry Fuel Cell Patents Geographic Source: Clean Distribution 2002-2011 Energy Patent Growth Index Japan 31% United States 46% Other 3% Clean Energy Patent Growth Index France 1% Korea Great Taiwan 7% Top 10 companies: GM, Honda, Samsung, Britain 1% 1% Toyota, UTC Power, Nissan, Ballard, Plug Canada Germany Power, Panasonic, Delphi Technologies 3% 7% Clean Energy Patent Growth Index[1] shows that fuel cell patents lead in the clean energy field with over 950 fuel cell patents issued in 2011. • Nearly double the second place holder, solar, which has ~540 patents. [1] http://cepgi.typepad.com/files/cepgi-4th-quarter-2011-1.pdf 3 eere.energy.gov Fuel Cells: Benefits & Market Potential The Role of Fuel Cells Key Benefits • up to 60% (electrical) Very High • up to 70% (electrical, hybrid fuel cell / Efficiency turbine) • up to 85% (with CHP) • 35–50%+ reductions for CHP systems Reduced (>80% with biogas) CO2 • 55–90% reductions for light-duty vehicles Emissions /Biogas • >95% reduction for FCEVs (vs. -
A Study and Comparison of the Consumption Basis of Taxation
W&M ScholarWorks Dissertations, Theses, and Masters Projects Theses, Dissertations, & Master Projects 1964 A Study and Comparison of the Consumption Basis of Taxation Douglas Wayne Blevins College of William & Mary - Arts & Sciences Follow this and additional works at: https://scholarworks.wm.edu/etd Part of the Finance Commons Recommended Citation Blevins, Douglas Wayne, "A Study and Comparison of the Consumption Basis of Taxation" (1964). Dissertations, Theses, and Masters Projects. Paper 1539624554. https://dx.doi.org/doi:10.21220/s2-n8af-t738 This Thesis is brought to you for free and open access by the Theses, Dissertations, & Master Projects at W&M ScholarWorks. It has been accepted for inclusion in Dissertations, Theses, and Masters Projects by an authorized administrator of W&M ScholarWorks. For more information, please contact [email protected]. A STUDY AND COMPARISON OF THE CONSUMPTION BASIS OF TAXATION 1 FOREWORD This treatise is a study and comparison ©f the three measures of economic well-being and their use as bases far financing govern ment. Particular emphasis is given to the study ©f the consumption basis ef taxation. Submitted in compliance with the requirements for the Master ef Arts degree in Taxation. Douglas W. Blevins 2 TABLE OF CONTENTS Foreword Part I. Introduction. A. Sources of Revenue. B. Principles ef taxation. 1. Canons ef Adam Smith. 2* Characteristics ef tax systems. % Economic effects. 4. E quity. 5. Compliance. 6. Shifting and incidence. Part II. Measures ef Economic Well-Being. A. Current income as a measure. 1. Income. 2. Definition ef income. a. The economic definition. b. The tax definition. -
Tax & Value Added Tax—In View of Bangladesh
International Journal of Tax Economics and Management Tax & Value Added Tax—In View of Bangladesh Md. Ashiquzzaman LLB, Southeast University Email: [email protected] (Author of Correspondence) Bangladesh Abstract Most developing counties are increasingly focusing on domestic resource mobilization toward economic development. In this context, tax performance is of crucial importance, especially for a developing country, since it is the prime source for domestic resource mobilization. This article reviews the incidence of income taxation in Bangladesh tax system. The main purpose of the study is to determine how the burden of personal and corporation income taxes is allocated among taxpayers of different income groups. Bangladesh faces many problems in raising sufficient tax revenues to fund its economic and social development. To address this problem and to improve economic efficiency and growth, a major tax reform program was initiated in 1991 which centered on the introduction of a value-added tax (VAT) to replace a range of narrowly-based consumption taxes. This study works as a linkage between theory and practice on Value Added Tax. In this Article focus on the tax, Value added tax, tax in history, definition, collecting problem, advantage, and disadvantage. Keywords: Tax; NBR; Value Added Tax; Social; Corporate; Economy; Government; Bangladesh. ISSN Online: 0000-0000 ISSN Print: 0000-0000 38 1. Introduction The term ‘tax’ has been derived from the French word ‘taxe’ and etymologically, the Latin word ‘taxare’ is related to the term ‘tax’ which means ‘to charge’. ‘Taxes are compulsory payment to govt. without expectations of direct return in benefit to the tax payer’. [P. -
Tobacco Tax Administration
WHO TECHNICAL MANUAL ON Tobacco Tax Administration WHO TECHNICAL MANUAL ON Tobacco Tax Administration WHO Library Cataloging-in-Publication Data WHO technical manual on tobacco tax administration 1. Taxes. 2. Tobacco industry – legislation. 3.Tobacco – economics. 4. Smoking – prevention and control. I. World Health Organization. ISBN 978 92 4 156399 4 (NLM classification: WM 290) Reprinted with executive summary, 2011 © World Health Organization 2010 All rights reserved. Publications of the World Health Organization can be obtained from WHO Press, World Health Organization, 20 Avenue Appia, 1211 Geneva 27, Switzerland (tel.: +41 22 791 3264; fax: +41 22 791 4857; e-mail: [email protected]). Requests for permission to reproduce or translate WHO publications – whether for sale or for noncommercial distribution – should be addressed to WHO Press, at the above address (fax: +41 22 791 4806; e-mail: [email protected]). The designations employed and the presentation of the material in this publication do not imply the expression of any opinion whatsoever on the part of the World Health Organization concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. Dotted lines on maps represent approximate border lines for which there may not yet be full agreement. The mention of specific companies or of certain manufacturers’ products does not imply that they are endorsed or recommended by the World Health Organization in preference to others of a similar nature that are not mentioned. Errors and omissions excepted, the names of proprietary products are distinguished by initial capital letters. -
WHY BIOGAS? Biogas Systems Protect Our Air, Water and Soil While Recycling Organic Material to Produce Renewable Energy and Soil Products
WHY BIOGAS? Biogas systems protect our air, water and soil while recycling organic material to produce renewable energy and soil products. In cities, biogas systems recycle food scraps and wastewater sludge, reducing municipal costs and avoiding transport to disposal sites. In rural areas, biogas systems make agriculture more sustainable and create additional revenue streams for farmers. Since biogas systems prevent greenhouse gases, like methane, from entering the atmosphere, all biogas systems make our air cleaner to breathe and combat climate change, displacing fossil fuels. Biogas systems produce soil products that recycle nutrients, contributing to healthier soils 1211 Connecticut Avenue NW, Suite 650 and creating opportunities to eliminate nutrient runoff that pollutes our waterways. Waste management, renewable Washington, DC 20036-2701 energy and fuels, clean air, healthy soils and crystal clear waterways—you can get all of this when you build a new 202-640-6595 biogas system. [email protected] Use the interactive map at https://americanbiogascouncil.org/resources/biogas-projects/ Operational U.S. Biogas Systems The U.S. has over 2,200 sites producing biogas in all 50 states: 253 anaerobic digesters on farms, 1,269 water resource recovery facilities utilizing anaerobic 101 digesters, 68 stand-alone systems that digest food waste, and 652 landfill gas projects. For comparison, Europe has over Alaska 10,000 operating digesters, with some communities essentially fossil fuel free because of these systems. In 2018, investment in new biogas systems Puerto Rico totaled $1 billion. Over the last five years, total investment in the U.S. biogas industry has been growing at an annual rate of 12%. -
Fuel Properties Comparison
Alternative Fuels Data Center Fuel Properties Comparison Compressed Liquefied Low Sulfur Gasoline/E10 Biodiesel Propane (LPG) Natural Gas Natural Gas Ethanol/E100 Methanol Hydrogen Electricity Diesel (CNG) (LNG) Chemical C4 to C12 and C8 to C25 Methyl esters of C3H8 (majority) CH4 (majority), CH4 same as CNG CH3CH2OH CH3OH H2 N/A Structure [1] Ethanol ≤ to C12 to C22 fatty acids and C4H10 C2H6 and inert with inert gasses 10% (minority) gases <0.5% (a) Fuel Material Crude Oil Crude Oil Fats and oils from A by-product of Underground Underground Corn, grains, or Natural gas, coal, Natural gas, Natural gas, coal, (feedstocks) sources such as petroleum reserves and reserves and agricultural waste or woody biomass methanol, and nuclear, wind, soybeans, waste refining or renewable renewable (cellulose) electrolysis of hydro, solar, and cooking oil, animal natural gas biogas biogas water small percentages fats, and rapeseed processing of geothermal and biomass Gasoline or 1 gal = 1.00 1 gal = 1.12 B100 1 gal = 0.74 GGE 1 lb. = 0.18 GGE 1 lb. = 0.19 GGE 1 gal = 0.67 GGE 1 gal = 0.50 GGE 1 lb. = 0.45 1 kWh = 0.030 Diesel Gallon GGE GGE 1 gal = 1.05 GGE 1 gal = 0.66 DGE 1 lb. = 0.16 DGE 1 lb. = 0.17 DGE 1 gal = 0.59 DGE 1 gal = 0.45 DGE GGE GGE Equivalent 1 gal = 0.88 1 gal = 1.00 1 gal = 0.93 DGE 1 lb. = 0.40 1 kWh = 0.027 (GGE or DGE) DGE DGE B20 DGE DGE 1 gal = 1.11 GGE 1 kg = 1 GGE 1 gal = 0.99 DGE 1 kg = 0.9 DGE Energy 1 gallon of 1 gallon of 1 gallon of B100 1 gallon of 5.66 lb., or 5.37 lb. -
Historical Tax Law Changes Luxury Tax on Liquor
Historical Tax Law Changes Luxury Tax on Liquor Laws 1933, 1st Special Session, Chapter 18 levied the first Arizona state Luxury Tax on Liquor. The tax rates established by this law are shown below: 10¢ on each 16 ounces, or fractional part thereof, for malt extracts 10¢ on each container of spirituous liquor containing 16 ounces or less 10¢ on each 16 ounces of spirituous liquor in containers of more than 16 ounces 3¢ on each container of vinous liquor containing 16 ounces or less 3¢ on each 16 ounces of vinous liquor in containers of more than 16 ounces 5¢ on each gallon of malt liquor The tax was paid by the purchase of stamps affixed to each container of liquor and malt extract and canceled prior to sale. Taxes were payable to the State Tax Commission, prior to or at the time of the sale of the product. Of the total receipts collected, 96% was dedicated to the Board of Public Welfare and the remaining 4% was appropriated for the use of the State Tax Commission. The tax was a temporary tax and expired on March 1, 1935. (Effective June 28, 1933) Laws 1935, Chapter 14 extended the provisions of Laws 1933, 1st Special Session, Chapter 18 to May 1, 1935. (Effective February 20, 1935) Laws 1935, Chapter 78 permanently enacted the provisions of Laws 1933, 1st Special Session, Chapter 18, with respect to the Luxury tax on Liquor. The tax rates levied on containers of spirituous liquor and vinous liquor were replaced with the rates shown below: 5¢ on each container of spirituous liquor containing 8 ounces or less 5¢ on each 8 ounces of spirituous -
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 -
Final Report Study on the Potential of Increased Use of LPG for Cooking in Developing Countries
Final Report Study on the Potential of Increased Use of LPG for Cooking in Developing Countries September 2020 TABLE OF CONTENTS Executive Summary ....................................................................................................................................................................... 2 List of Abbreviations ...................................................................................................................................................................... 6 Preface .......................................................................................................................................................................................... 7 1 Introduction.......................................................................................................................................................................... 8 1.1 General ................................................................................................................................................................................. 8 1.2 Background ........................................................................................................................................................................... 8 2 Purpose and Scope of the Study ............................................................................................................................................ 9 2.1 Purpose of the Study ...........................................................................................................................................................