Relief from Excess Profits Tax

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...

Imperfect tax competition for profits, asymmetric equilibrium and beneficial tax havens

a r t i c l e i n f o We present a model of tax competition for real investment and profits and show that the presence of tax havens in some cases increases the tax revenue of countries. In the first part of the paper, we argue that tax competition for profits is likely to be imperfect in the sense that the jurisdiction with the lowest tax rate does not necessarily attract all shifted profits. ...

Optimizing profits from hydroelectricity production

This paper presents a deterministic and a stochastic mathematical model for maximizing the profits obtained by selling electricity produced through a cascade of dams and reservoirs in a spot market. The first model is based on deterministic electricity prices while the other integrates stochasticity through the management of a tree of potential price scenarios. Numerical results based on histor...

The U . K . ’ s Diverted Profits Tax : An Admission of Defeat or a Pre - Emptive Strike ?

An Optimal Tax Relief Policy with Aligning Markov Chain and Dynamic Programming Approach

Abstract In this paper, Markov chain and dynamic programming were used to represent a suitable pattern for tax relief and tax evasion decrease based on tax earnings in Iran from 2005 to 2009. Results, by applying this model, showed that tax evasion were 6714 billion Rials**. With 4% relief to tax payers and by calculating present value of the received tax, it was reduced to 3108 billion Rials. ...