Suchergebnisse

Income tax management includes a set of activities aimed at the legal minimization of income tax liabilities. Due to the tax law flexibility and cross-country differences in income taxation, banks may be in a position to significantly reduce their tax burden. An objective of the paper is to calculate the effective income tax burden of banks in the Republic of Serbia and examine the impact of income tax on banks' operations. A research study conducted on a sample of banks between 2010 and 2016 shows that the effective income tax rate in banks is well below the statutory rate, mostly due to the use of government tax incentives. Furthermore, 25% of the observations have an effective tax rate of 0% despite the reported pre-tax income. The latest increase in the statutory tax rate in the Republic of Serbia has not had an impact on bank leverage, either in the short or long term. This may be an indicator that tax shield effects are not considered when the statutory tax rate is relatively low. The paper also finds that the effective tax rate is not correlated with bank profitability. ; Published

Income tax management includes a set of activities aimed at the legal minimization of income tax liabilities. Due to the tax law flexibility and cross-country differences in income taxation, banks may be in a position to significantly reduce their tax burden. An objective of the paper is to calculate the effective income tax burden of banks in the Republic of Serbia and examine the impact of income tax on banks' operations. A research study conducted on a sample of banks between 2010 and 2016 shows that the effective income tax rate in banks is well below the statutory rate, mostly due to the use of government tax incentives. Furthermore, 25% of the observations have an effective tax rate of 0% despite the reported pre-tax income. The latest increase in the statutory tax rate in the Republic of Serbia has not had an impact on bank leverage, either in the short or long term. This may be an indicator that tax shield effects are not considered when the statutory tax rate is relatively low. The paper also finds that the effective tax rate is not correlated with bank profitability.

AbstractThis study investigated the performance of individual departments and the efficiency of resource utilization in tax offices. The results can be used to improve the performance of tax offices and to increase tax revenues. In this study, the operational flow of local tax offices was divided into two stages: tax collection and tax management. Network data envelopment analysis (NDEA) and a Russell directional distance function were used to evaluate operating efficiency in departments of 20 Taiwanese local tax offices for 2013. The results indicated that, first, efficiency was significantly different for tax collection and tax management. Second, the input inefficiency of tax collection was mainly due to total floor area, which was 15% larger than required, and the input inefficiency of tax management was mainly due to total floor area (23% larger than required), followed by direct labour input (19% larger than required). Finally, on average, the amount of collected property transfer taxes was 23% smaller than required. The model used in the present study included undesirable outputs. The findings indicated that the highest levels of overall inefficiency were due to inability to collect taxes (intermediate outputs) in Hsinchu County (9.27%), Chiayi County (3.25%) and Pingtung County (20.44%), which required reduction in the number of instances of inability to collect property taxes by 5619, 1258 and 12 350 cases, respectively. In total, 19 227 fewer cases of uncollectable property taxes in Taiwan would indicate improved arrears settlement and tax prevention measures.

Importance. The goal of the strategy for sustainable development of the Russian Federation is to ensure stable indicators of economic growth, as well as to solve socio-economic, industrial, technological and environmental problems on the basis of optimal use of innovative and scientific and technical potential, updating equipment and technologies, and expanding sales markets. At the same time, the effectiveness of the innovation process itself will largely depend on the readiness of economic entities to introduce and use modern knowledge-intensive technologies, which may manifest themselves in tax policy.Objectives. Justification and clarification of the facts that tax management is an integral part of the entire tax policy and is a system of principles and methods in the development and implementation of management decisions, the choice of the tax system, the calculation of tax payments, as well as constant monitoring of their implementation.Methods. The instrumental and methodological apparatus of the research is based on the use of General scientific and special methods, including abstract-logical, monographic, computational and constructive, methods of risk analysis, economic and mathematical modeling, graphic, methods of multidimensional statistical analysis, content analysis.Results. At all times, taxes have been the most important tool of state regulation, implementing the main tasks of the state. Taxation creates tax relations that need to be properly regulated through the application of tax legislation. This interaction encourages economic entities to manage their tax payments. Therefore, they begin to apply in their activities a wide variety of methods of making managerial decisions, called tax management in the market. Tax management is a management model of tax management implemented by taxpayers in a macro-economic environment that exploits their production capacity. Tax administration, as part of the market economy management system, is a relatively new area of knowledge in Russia, which was formed in the late XX-early XXI centuries. In particular, tax management appeared in the economic environment, i.e. in practice. Attempts to generalize and develop this category took place much later.Conclusions and Relevance. The article presents the author's concept of accounting and tax management analysis in a trade organization, which reflects a number of aspects of the concept: system representation of information resources, means and sources of information, forms and methods of transmitting various data. This will be the basis for integrating the information base that meets the needs and requests of tax administration.

In the last several years, Nigerian corporations have begun to place more, emphasis on the taxation of their corporations. It has become quite clear to many Nigerian corporations that they must manage their tax system carefully if they are to profit from its trade or business. When examining the law as it applies to the taxation of corporations, functions such as assessing taxable income, calculating business profits or applying capital gains tax to particular organizations, become more precise and require mandatory operations. Many aspects are considered within the corporate tax system, such as company taxable income, deductions, and tax computations. Other factors that exist with a corporate tax system is the "Taxation of Shareholders," foreign and domestic. There exists a commonality within these shareholders whereas neither Nigerian nor non-Nigerian shareholders are subject to further income tax on corporate dividends on which withholding tax has been paid. This thesis proposes the many aspects of corporate tax management and the strict effect Commercial Law has on the Nigerian tax system. Although the .rules and regulations of the law may seem intense within the tax system, corporations in Nigeria will continue to experience the enhancement of the scope and the quality of advancement. In establishing the content of my thesis, I have studied the facts of the listed issues. • How gross income is structured within the taxation of corporations. • How the basis of assessment affects tax administration in Nigeria. • How capital gains tax is valued in the Nigerian corporations. • What effects Nigerian Commercial Law has on branch operations.

While tax pressure remains a major concern in corporate management, it is legitimate to ask whether tax has always been among the core factors of corporate governance (Chytis et al., 2020). This study aims to examine the influence of corporate governance on tax management practices within Moroccan firms listed on the Casablanca Stock Exchange (CSE). Focusing on three dimensions of corporate governance — board composition, audit committee structure, and external audit quality — we employed multiple regression analysis on data spanning 2014–2019 from a sample of 48 listed firms, totaling 288 firm observations. Significantly, board size, chief executive officer (CEO) duality, and external audit quality are found to be pivotal factors shaping tax management practices. Other corporate governance variables, notably the independence of the board of directors and the structure of the audit committee, do not appear to exert a significant influence on the tax management of listed Moroccan companies. Our study is one of the few to have addressed the issue of tax management in the Moroccan context. Moreover, it may also serve as a fundamental resource for researchers exploring the complex dynamics of tax practices in the organizational context.

Wealth Management for High Earners: Know the Options Available to You There's good news for investors: legal, tangible tax strategies are out there--they just need to be found. In Tax Alpha Solutions: Effective Tax Management Strategies for High-Net-Worth Investors, Matthew Chancey unveils specific, tested tax solutions for accredited investors and those who are eligible. Accredited investors meet certain thresholds, including a net worth of at least 1 million, not counting their main residence. These investors, and individuals with higher levels of net worth, have unique tax opportunities available to them. Based on their level of earnings and investments, they can access products that have the potential to help them effectively manage their tax strategies and meet or surpass their long-term goals. Throughout the chapters, Chancey draws on his ample experience of working with high income clients around the nation and globe. He shares techniques he's implemented to help individuals and families manage their taxes. He lays out plans that have enabled clients to protect their wealth over the long-term. High-net-worth investors and those who aspire to wealth will discover a world of possibilities. They'll learn about commonly overlooked strategies, including chances to plan wisely when a one-time wealth event occurs. In addition, professionals in legal, tax, and real estate-related industries will gain insight on how to apply these products to their niches. Overall, readers will gain knowledge on paths to consider that could help them make business and personal financial decisions.

Mestrado em Contabilidade, Fiscalidade e Finanças Empresariais ; Este estudo tem por objectivo investigar o papel do governo das sociedades na gestão fiscal. Isto é feito analisando 103 empresas espanholas cotadas através de quatro regressões diferentes, cada uma associada a um mecanismo de governo das sociedades distinto: (1) composição do conselho de administração, (2) características do CEO, (3) estrutura compensatória dos directores e (4) estrutura de detenção. Os resultados obtidos confirmam a literatura existente sobre este tema, demonstrando que o governo das sociedades tem, de facto, um impacto importante na gestão fiscal. As conclusões mostram também que os accionistas (e não apenas os gestores) podem estar interessados em reduzir a carga fiscal das empresas, uma vez que esta é uma oportunidade para aumentar o desempenho destas e ganhar mais dinheiro. Este estudo pode ajudar a compreender como os legisladores podem reduzir as situações em que os impostos são geridos de forma excessiva e ajudar a definir as políticas corporativas das empresas. ; This paper investigates the role of corporate governance devices on tax management. This is done by analysing 103 Spanish listed firms through four different regressions models, each associated with a different corporate governance mechanism: (1) board of directors' composition, (2) CEO's characteristics, (3) directors' compensation structure and (4) ownership structure. Extending existing literature on this subject, the results support the view that corporate governance has, in fact, an important impact on tax management. The conclusions also support the idea that shareholders (and not only managers) may be interested in reducing the firms' tax burden, as it is an opportunity to improve its performance and earn more money. The present study may provide insights into how legislators may reduce situations where taxes are managed in an excessive way and help define the firms' corporate policies.

The lack of effectiveness occurred in the conventional management of the earth and building taxes in Sumbermulyo village, Jogoroto sub-district, Jombang, Jawa Timur. The process of tax management each year depends on both the strategy and the mechanism used by each village. Tax management of the earth and such buildings should be effective and efficient, as this activity is repeatedly on each year and is a financial concern. The tax management is done by the village officer, which means each village officer has a duty to make records, collections, and tax reporting management. Based on these conditions, it need to provide the information systems that could help village's governments level better in managing land and building taxes also the transparency of tax information to the public. The following research will explain how a website-based tax payable management information system is built. The method that used in making information system is waterfall method. In the system testing using the black box method. The study will produce an e-government information system so, it will make the village officer easier to manage taxes and minimise the leakage of tax payment. The built of information system has several items such as SPPT's data, cancellation and payment.