Corporate Loss Utilisation Through Aggressive Tax Planning

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264119221
Total Pages : 92 pages
Book Rating : 4.22/5 ( download)

DOWNLOAD NOW!

Download or read book Corporate Loss Utilisation through Aggressive Tax Planning written by OECD and published by OECD Publishing. This book was released on 2011-08-03 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: After describing the size of corporate tax losses and the policy issues related to their tax treatment, this report identifies three key risk areas in relation to use of losses for tax purposes: corporate reorganisations, financial instruments and non-arm’s length transfer pricing.

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9789264119215
Total Pages : 92 pages
Book Rating : 4.13/5 ( download)

DOWNLOAD NOW!

Download or read book Corporate Loss Utilisation through Aggressive Tax Planning written by OECD and published by OECD Publishing. This book was released on 2011-08-31 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: After describing the size of corporate tax losses and the policy issues related to their tax treatment, this report identifies three key risk areas in relation to use of losses for tax purposes: corporate reorganisations, financial instruments and non-arm’s length transfer pricing.

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264192743
Total Pages : 91 pages
Book Rating : 4.44/5 ( download)

DOWNLOAD NOW!

Download or read book Addressing Base Erosion and Profit Shifting written by OECD and published by OECD Publishing. This book was released on 2013-02-12 with total page 91 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report presents studies and data available regarding the existence and magnitude of base erosion and profit shifting (BEPS), and contains an overview of global developments that have an impact on corporate tax matters.

Author : John E. Karayan
Publisher : John Wiley & Sons
ISBN 13 : 0471430765
Total Pages : 408 pages
Book Rating : 4.66/5 ( download)

DOWNLOAD NOW!

Download or read book Strategic Corporate Tax Planning written by John E. Karayan and published by John Wiley & Sons. This book was released on 2002-10-02 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: A corporate guide to understanding the basic tax implications ofeveryday business Organized to cover the tax implications of transactions as theyoccur through a company's life cycle, the basic principles of taxmanagement are applied through the use of case studies thatsimulate a variety of real-world marketplace conditions.Value-added and financial reporting effects of tax management arediscussed, as well as country-specific tax rules, and cross-bordertransactions. John E. Karayan, JD, PhD (Glendale, CA), is a professor atCalifornia State Polytechnic University, Pomona. He is also apartner in the law firm of Bond Karayan. Charles W. Swenson, PhD (Pasadena, CA), is a professor atthe University of Southern California, Los Angeles, where heteaches a number of courses in accounting and taxation. Over the years, financial professionals around the world havelooked to the Wiley Finance series and its wide array ofbestselling books for the knowledge, insights, and techniques thatare essential to success in financial markets. As the pace ofchange in financial markets and instruments quickens, Wiley Financecontinues to respond. With critically acclaimed books by leadingthinkers on value investing, risk management, asset allocation, andmany other critical subjects, the Wiley Finance series provides thefinancial community with information they want. Written to provideprofessionals and individuals with the most current thinking fromthe best minds in the industry, it is no wonder that the WileyFinance series is the first and last stop for financialprofessionals looking to increase their financial expertise.

Author : Marianne Ojo D Delaney PhD
Publisher :
ISBN 13 :
Total Pages : 6 pages
Book Rating : 4.10/5 ( download)

DOWNLOAD NOW!

Download or read book Game Pay Offs and the Regulation of Cross Border Profits and Losses written by Marianne Ojo D Delaney PhD and published by . This book was released on 2017 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: In his paper, “The Use of Cross Border Corporate Profits and Losses and “Global Corporate Tax Information”: A Game Theory Approach”, Garbarino (2014) highlights three concerns about cross border consolidation:- The inclusion of losses of foreign affiliated companies or permanent establishments (PEs) in the residence country, which triggers the erosion of the national tax base;- Losses of foreign affiliated company or PE, which may be used in the country where the affiliated company or PE is located (through carry forward, carry back, local techniques of consolidation); as well as where the controlling company is located (losses used to offset profits/reduce tax obligations more than once - where affiliated company or PE is located AND also where controlling company is located);- Losses of foreign affiliated companies or PEs used creatively for purposes of offsetting domestic profits - but which may not be audited directly by those tax authorities of those countries.As well as considering the possible additional scenarios whereby the “game theory model” used in his article, are able to operate, this volume also highlights, through other models, why certain multinational firms are able to exploit information gaps in executing and designing sophisticated tax planning procedures that reduces their overall tax burdens and obligations.Further, information asymmetries in respect of the disadvantaged country (owing to lack of sufficient information base), as well as knowledge base available to the country which commands dual capacities as residence and source country, and is not only able to serve in both capacities, but also afforded immense and valuable knowledge/information base, by virtue of such positions, may leave such a highly advantageous party in a privileged position whereby tax planning practices are effectively designed in such a way that they cannot be really categorized as “ aggressive tax planning policies” which warrant or attract regulatory penalties or sanctions.From the perspective, the volume also aims to highlight and recommend possible roles for forensic accountants. Further, this paper (outline of the volume) briefly highlights a consideration of the afore mentioned points and conditions under which the suggested and proposed additional scenarios are able to operate.

Author : Martin Petrin
Publisher :
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.51/5 ( download)

DOWNLOAD NOW!

Download or read book Corporate Tax Avoidance - The Problem of Aggressive Tax Planning written by Martin Petrin and published by . This book was released on 2018 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the complexities of corporate tax policy and (legal) tax avoidance by businesses. It first examines justifications for the existence of a corporate tax and shows that different theoretical conceptualizations of the corporate entity surface in the major rationales used to justify treating corporations as taxable subjects. Next, the paper discusses the problem of aggressive tax planning, including its mechanics, effects, the role of governments, and regulatory frameworks and initiatives in this area. Finally, the paper answers the question whether there is a corporate (fiduciary) duty not to engage in aggressive tax planning. It concludes that while there is normally no legal duty to this effect, there is an extra-legal obligation not to utilize aggressive tax planning techniques based on the benefit principle and corporations' status as consumers of public goods and services. From this perspective, tax avoidance contributes to corporate free riding on publicly financed infrastructure.

Author : Andrew M. Bauer
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.82/5 ( download)

DOWNLOAD NOW!

Download or read book How Aggressive Tax Planning Facilitates the Diversion of Corporate Resources written by Andrew M. Bauer and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In measuring tunneling with inter-corporate loans disclosed by Chinese listed companies, we analyze the underlying channels through which aggressive tax planning facilitates the diversion of corporate resources by firm insiders. Using path analysis, we document that the path from tax aggressiveness to related loans is mediated by both the additional cash flows from tax savings and the increased financial opacity from tax planning, and that additional cash flows plays a much more important role than opacity at helping controlling shareholders to divert corporate resources under the guise of tax aggressiveness. Beyond the two mediated paths, we also detect a residual, direct path from tax aggressiveness to related loans. After an exogenous shock from the government crackdown on diversionary related loans, we find the direct path is fully mediated by the two indirect paths, suggesting that tunneling via related loans only occurs at firms where insiders can mask tunneling under the cover of opacity or can justify related loans on grounds of abnormal cash flows from tax savings. Our evidence supports the notion that greater outside scrutiny increases the hurdle for, but does not entirely eradicate, diversion facilitated by tax aggressiveness. Collectively, our research lends some support to recent theory on the importance of taxes to corporate governance by demonstrating how the agency costs of tax planning allow certain shareholders to benefit from firm activities at the expense of others.

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264200851
Total Pages : 110 pages
Book Rating : 4.52/5 ( download)

DOWNLOAD NOW!

Download or read book Co-operative Compliance: A Framework From Enhanced Relationship to Co-operative Compliance written by OECD and published by OECD Publishing. This book was released on 2013-07-29 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report examines the relationship between large business taxpayers and revenue bodies, five years on from the publication of the FTA’s Study into the Role of Tax Intermediaries.

Author : T. Moser
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.24/5 ( download)

DOWNLOAD NOW!

Download or read book Reform of Section 8c of the Corporate Tax Act - Use of Tax Loss Carry-forwards Significantly Improved written by T. Moser and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In this note, the authors discuss recent changes in respect of limitations on corporate loss carry-forwards and their implications on German corporate tax planning.

Author : Miguel Correia
Publisher : Kluwer Law International B.V.
ISBN 13 : 9041148485
Total Pages : 405 pages
Book Rating : 4.83/5 ( download)

DOWNLOAD NOW!

Download or read book Shipowners' Limitation of Liability written by Miguel Correia and published by Kluwer Law International B.V.. This book was released on 2013-01-06 with total page 405 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book refines the features of a variety of different common law and civil law systems down to a recognizable standard CIT system, identifying in the process the system’s core strengths and problems, as well as the factors that determine its impact on corporate behavior. The author offers insightful perspectives on such crucial issues as the following: corporate group members versus corporate groups as taxable entities; anti-abuse rules and developments in judicial anti-abuse doctrines; costs associated with, e.g., valuation of assets, compliance, and administration; how certain core CIT concepts are independent of tax law; efficiency, equity, and the protection of existing property rights; the firm’s reaction to behavioral control instruments; limitations on the use of losses; depreciation and amortization rules; manipulation of legal characterization; and transfer of assets and income. The work has an interdisciplinary approach drawing on the literatures of tax law, economics, corporate law, accounting, and business management. It concludes with a set of policy guidelines that should be considered when approaching the traditionally cumbersome interaction between tax systems and corporate groups. Especially valuable to the practitioner are the book’s extensive graphic design solutions illustrating the subtleties of the operation of corporate tax laws. Analyzing the taxation of corporate groups in a user-friendly form not available in any other source, this book greatly enhances the development of advanced tax planning methods that do not disrupt the economic operation of businesses. Its comprehensive conceptual framework will greatly facilitate the work of those, from practitioners to researchers, interested in developing a practical approach to corporate income taxation applicable at a global level.