Readability Assessment of Nigerian Company Income Tax Act

Income Tax Buyouts and Income Tax Evasion

A tax buyout is a contract between tax authorities and a tax payer which reduces the marginal income tax rate in exchange for a lump-sum payment. While previous contributions have focussed on labour supply, we consider the interaction with tax evasion and show that a buyout can increase expected tax revenues. This will be the case if (1) the audit probability is constant and the penalty for eva...

Negative Income Tax Plan

British Income Tax

To the Editor of The Indian Medical Gazette. Sir ?May I remind those of your readers who receive income from the United Kingdom and have already made a claim to the Inland Revenue for repayment of the Income Tax deducted therefrom for last year, that a further claim can now be made in respect of the current financial year. , , . To those of your readers who possess such income and have not yet ...

British Income-Tax Refunds

currency, through the press, that persons claiming refunds of British income-tax have been called upon to pay duty on income derived from sources outside Great Britain. An impression so utterly false and entirely erroneous in its conception and distinctly libellous on the British Inland Revenue authorities should be immediately refuted. Applications for the refund of British tax cannot in any w...

Company Tax - Effective Tax Rates on Profits J . C . Stewart

Considerable controversy surrounds the measurement of profit in company accounts. Continuous inflation has underlined some of the problems involved. Current accounting practice in the United Kingdom and Ireland also obscures the amount of direct tax that companies pay. Kay and King (1980, p. 193) comment that the "effect of this accounting practice is that many companies, especially in manufact...