Wasting Assets and Income Tax

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

Doctors and Colonial Income Tax

number, and only one of them directly applies to doctors. That is in the African possession known as the Tanganyika Territory. It must have progressed far along the pathway of civilization, for it has an income tax law of its own. It may be inferred that doctors are at a premium there, for the attraction is held out to them that they will be charged no income tax on their professional gains. Th...

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...