Tax rates around the world

the question of how much of the tax burden should fall on the rich. This question has many important facets from what loopholes exist in the complex US tax system to arguments about top marginal rates and whether rates on various types of incomes and profits should be raised or lowered to the debates on how tax policy should be shaped to deal with the concerns about rising income inequality. Much of this…

as “American” transplanting themselves in Canada or the United Kingdom. These inversions draw significant media and public attention and are a hot topic for politicians. Understanding the motivations and root causes of corporate tax behavior is integral to reforming tax code. In general, taxes generate income that funds local, state, and federal government activity. Furthermore, taxes can be used to control negative externalities that businesses would otherwise be incentivized to produce (think…

what they actually pay. Patricia Cohen, a writer for the New York Times writes that despite the top tax bracket being 39.6%, the top 0.1% earners pay only 25% in taxes on average (Cohen). There are a variety of loopholes that people who can afford the best attorneys and financial consultants are able to utilize; however, the most common method is the exploitation of the capital gains laws. The tax rate for capital gains and dividends (which is money made from investments and property) is a…

suite. CitiXsys has a number of strategic alliances with SAP, including in the US and the UK. The company is based in New York with several offices and R&D centres around the world, including Dublin. The Papers highlight CitiXsys as one of the companies who recently exploited the notorious double-Irish tax structure. The double-Irish tax structure in question was first established in the late 1980s. It exploited the lack of transfer pricing rules in Ireland to move profits in a…

I. Introduction To counter the rising problem of economic equality, a global wealth tax is a proposal that has been widely received and considered a viable solution. This tax however, aimed at diminishing the high rate of accumulated wealth by top decile earners, may not be as effective as it purports in theory for a number of reasons: there is limited evidence proving the desired effects will be achieved, all countries must agree upon a uniform system and share information, studies have shown…

Tax reform, dating back to before the inception of our great nation, has always been a topic of heated discussion. The apathy of a society towards the unfair taxation of its people was made known in 1775; when the shot heard around the world reverberated in the ears of their oppressor King George III. As a result of the issuing revolution in America, the constitution as amended to which we still follow today was written. After extensive research the Republic of District Four concluded that…

1. Discuss the advantages and disadvantages of the corporate tax. (6 marks) Advantages i. Source of Revenue - Corporate taxes can be effectively utilized as a tool for the government to generate higher revenues as corporations are the largest money makers in the every economy. The government can therefore create a steady and strong flow of cash by targeting those making large profits. ii. Distribution – Taxing companies that are making profits helps redistribute the benefits to the society…

In the world, there are varying perspectives about whether understudies should pay for college or not. A few people presume that education is an essential right, which should therefore be given freely, while others think the student would need to repay the school. Various well-to-do countries around the world offer free public college. On the other hand, the United States requires the student to pay for their college education. It would be exceptionally profitable in the United States to not…

Franklin wrote: "In this world nothing can be said to be certain, except death and taxes." Likewise, every year, millions of Americans around the nation dread the 15th of April, which has been traditionally known as Tax Day. Yet, it is indisputable that taxes are a necessity for many basic government functions, such as law enforcement, educational funding, and criminal containment, to operate. While Americans will never escape the burden of tax, altercations to the current tax system can correct…

The United States of America is known around the world for a lot of incredible things. It has one of the best economies on the planet, boasting the highest Gross Domestic Product of any country. However, The U.S. is also known for having the highest obesity rate in the world of any industrialized country. Cytherian L. Odgen who works for the National Center for Health Statistics, Centers for Disease Control and Prevention, found that “In 2011-2012, the prevalence of obesity in the United States…