scholarly journals Estimating the impact of income tax on personal savings in Serbia: The two channels approach

2016 ◽  
Vol 66 (2) ◽  
pp. 261-281
Author(s):  
Sasa Randjelovic
Keyword(s):  
Income Tax ◽  
Negative Impact ◽  
Empirical Evaluation ◽  
Rate Of Return ◽  
Capital Income ◽  
Marginal Tax Rate ◽  
Positive Effects ◽  
Labour Income ◽  
Personal Savings ◽  
The Impact

This paper provides an empirical evaluation of the effects of income taxation on personal savings in Serbia, by taking into account both transmitting channels: the direct impact of capital income tax on the rate-of-return and the indirect impact of labour income tax on disposable income. The estimated elasticity of bank deposits to the rate of return of 0.3 and the estimated elasticity of employment income to a labour tax wedge of −0.38 suggest that income tax function aimed at minimising the efficiency losses should not considerably differentiate the tax burden on labour and capital income. We show that in the case of the introduction of a revenue-neutral income tax, with a single marginal tax rate of 15% and considerably larger labour income exemption, households’ savings in Serbia would decline by 0.27%. This means that the negative impact of a rise in the capital income tax wedge on savings would prevail over the positive effects of a labour tax wedge cut. The results imply that the overall possibility to boost savings using tax policy is modest.

scholarly journals Bank Capital, Operating Efficiency, and Corporate Performance in Nigeria

2018 ◽  
Vol 6 (1) ◽  
pp. 61-87
Author(s):  
Abdulai Agbaje Salami ◽  
Ahmad Bukola Uthman
Keyword(s):  
Negative Impact ◽  
Stock Exchange ◽  
Annual Reports ◽  
Operating Efficiency ◽  
Bank Performance ◽  
Regulatory Regime ◽  
Bank Capital ◽  
Positive Effects ◽  
Net Interest Margin ◽  
The Impact

Abstract This study examines the impact of bank capital and operating efficiency on the Nigerian deposit money bank financial performance with a view to resolving risk-based and non-risk-based capitals’ dichotomy existing in the bank literature. Using bank-specific data obtained from the annual reports and accounts of 15 banks listed on the Nigerian Stock Exchange between 2012 and 2015, the panel data regression analyses revealed the superiority of standard capital ratio of equity-to-total-assets, a non-risk-based capital, over other measures. While all measures, both risk-based and non-risk-based capitals, showed significantly positive effects on bank performance as measured by return-on-asset, mixed results were obtained from other indicators: return-on-equity and net-interest-margin. Overall, only equity-to-total-assets influenced all adopted performance indicators positively. It was also found that operating efficiency measured by cost-to-income ratio had negative impact on bank performance, but on the average it appeared too high. Thus, incorporating the standard capital ratio of equity-to-total assets into regulatory regime by the banks’ regulator is recommended to ensure its relevance is not overshadowed.

The Impact of Ceta Programs on Components of Participants' Earnings

ILR Review ◽  
1987 ◽  
Vol 40 (3) ◽  
pp. 430-441 ◽  
Author(s):  
Katherine P. Dickinson ◽  
Terry R. Johnson ◽  
Richard W. West
Keyword(s):  
Nearest Neighbor ◽  
Negative Impact ◽  
Positive Impact ◽  
Hourly Wage ◽  
Negative Effects ◽  
Hours Worked ◽  
Positive Effects ◽  
Hourly Wage Rate ◽  
Women's Earnings ◽  
The Impact

This paper provides the first estimates of the net impact of CETA participation on the components of CETA participants' post-program earnings. Employing a sample of 1975 CETA enrollees and comparison groups drawn from the March 1978 CPS using a nearest-neighbor matching technique, the authors estimate statistically significant negative effects on men's earnings and statistically significant positive effects on women's earnings. These results stem partly from the impact of CETA participation on the likelihood of being employed after leaving the program (negative for men, positive for women), but also from a negative impact on hours worked during the year and hourly wage rate for men and a large positive impact on hours worked per week and weeks worked per year for women.

scholarly journals Interrelationship between Sleep and Exercise: A Systematic Review

2017 ◽  
Vol 2017 ◽  
pp. 1-14 ◽  
Author(s):  
Brett A. Dolezal ◽  
Eric V. Neufeld ◽  
David M. Boland ◽  
Jennifer L. Martin ◽  
Christopher B. Cooper
Keyword(s):  
Sports Medicine ◽  
Exercise Intervention ◽  
Negative Impact ◽  
Sleep Study ◽  
Exercise Interventions ◽  
Positive Effects ◽  
Study Results ◽  
Intensity Of Exercise ◽  
The Impact ◽  
The Relationship

Although a substantial body of literature has explored the relationship between sleep and exercise, comprehensive reviews and definitive conclusions about the impact of exercise interventions on sleep are lacking. Electronic databases were searched for articles published between January 2013 and March 2017. Studies were included if they possessed either objective or subjective measures of sleep and an exercise intervention that followed the guidelines recommended by the American College of Sports Medicine. Thirty-four studies met these inclusion criteria. Twenty-nine studies concluded that exercise improved sleep quality or duration; however, four found no difference and one reported a negative impact of exercise on sleep. Study results varied most significantly due to participants’ age, health status, and the mode and intensity of exercise intervention. Mixed findings were reported for children, adolescents, and young adults. Interventions conducted with middle-aged and elderly adults reported more robust results. In these cases, exercise promoted increased sleep efficiency and duration regardless of the mode and intensity of activity, especially in populations suffering from disease. Our review suggests that sleep and exercise exert substantial positive effects on one another; however, to reach a true consensus, the mechanisms behind these observations must first be elucidated.

scholarly journals Impact of the 2020 Pandemic on Revenue from Various Taxes in the Russian Regions

2001 ◽  
Vol 14 (7) ◽  
pp. 987-997
Author(s):  
Marina Yu. Malkina ◽  
Keyword(s):  
Distribution System ◽  
Income Tax ◽  
Negative Impact ◽  
Linear Time ◽  
Russian Regions ◽  
Positive Role ◽  
Tax Revenues ◽  
Tax Regimes ◽  
Regional Budgets ◽  
The Impact

The article investigates the impact of the 2020 pandemic on tax revenues of Russian regions at the stages of their collection and allocation to regional budgets. To exclude the influence of the seasonal component and uneven receipts of various taxes to the budget, the moving annual tax revenues were calculated with a shift of one month. Based on these data for 2013-March 2020, linear time regressions were built and decomposed into 8 taxes and tax groups. These regressions were used to predict non-pandemic tax revenues for different regions in April-December 2020. The impact of the pandemic on the regional tax losses (gains) and their decomposition by sources was calculated through the deviation of the actual revenues from their predicted non-pandemic values on an accrual basis until the end of 2020. We found that the pandemic had led to losses of 13.9 % of total tax revenues in the country and 6.2 % of regional budgets’ own tax revenues. The mining regions are the most affected by the pandemic. On the contrary, in some Far Eastern regions, there is an abnormal increase in tax collections. The largest contribution to the decrease in tax revenues at the consolidated and federal levels was made by the MET receipts; they fell sharply due to lower prices and volumes of oil and gas. However, the negative effect of this decrease at the federal level was dampened by stabilizing VAT receipts. Excise taxes played a positive role in mitigating pandemic risks. The tax distribution system has shown its equalizing function when allocating tax revenues to sub-federal budgets. The largest negative contribution to the change in regional tax revenues during the 2020 pandemic was made by the corporate income tax, while the negative impact of property taxes and special tax regimes turned out to be less significant. Personal income tax has proven to be the main damper of tax revenues at the regional level. The results obtained are applicable to the management of the state fiscal revenues during pandemic crises

scholarly journals ANALISIS KEPATUHAN PEMBAYARAN PAJAK PENGHASILAN PASAL 23 TOKO KELONTONG DI DI DESA BEJI

2021 ◽  
Author(s):  
Feni Setyorini ◽  
Defilatifah ◽  
Yulia aroningtias
Keyword(s):  
Income Tax ◽  
Negative Impact ◽  
Survey Methods ◽  
Grocery Store ◽  
Corporate Income Tax ◽  
Grocery Stores ◽  
Business Owner ◽  
Interview Survey ◽  
The Impact ◽  
Number Of Customers

The purpose of this study was to determine the calculation, deposit and reporting of Corporate Income Tax carried out at a grocery store in Beji Village and how the perception of grocery store owners towards the existence of a modern market. Knowing the impact of the existence of a modern market on tax payment compliance in the grocery store business. To achieve the objectives in this study used a qualitative type of research with interview survey methods. Qualitative analysis uses data reduction, data presentation, and drawing conclusions. The results showed. The existence of modern minimarkets on grocery stores has a negative impact on turnover, income and the number of customers so that the payment of corporate income tax that should be paid is ignored by the grocery store business owner.

scholarly journals Does official development assistance affect a donor’s exports? South Korea’s case

2021 ◽  
Vol 1 (10) ◽  
Author(s):  
Bobae Noh ◽  
Almas Heshmati
Keyword(s):  
Bilateral Trade ◽  
Negative Impact ◽  
Sample Selection ◽  
Development Assistance ◽  
Estimation Method ◽  
Official Development Assistance ◽  
Positive Effects ◽  
Unobserved Effects ◽  
The Impact ◽  
The Empirical Analysis

AbstractThis paper studies the impact of official development assistance (ODA) provided by South Korea for its exports to recipient countries. The empirical analysis is based on data from 1996 to 2014 and covers 121 recipient countries. The paper uses a 3SLS estimation method that accounts for a two-way causal relationship between ODA and exports while the endogeneity and sample selection bias are accounted for. Using the gravity model, we confirm the positive effects of ODA when fixed unobserved effects are controlled. The model is further generalized by disaggregating ODA into its underlying types of aid. Our results show that technical cooperation and loans have positive and significant effects, but grants have a negative impact on South Korea’s exports to recipient countries. In addition, we also examine South Korea’s ODA allocations. Our findings suggest that there is a two-stage decision-making process in the provision of aid. In the first stage, the aid’s humanitarian purpose plays a key role in responding to countries’ needs even when there is lower bilateral trade with these countries. In the second stage, decisions regarding the size of ODA are considered and these present a mixed purpose for giving ODA to higher importer countries.

China’s VAT Tax Reform: A Boon for the Economy or an Opportunity for Moral Hazard?

2020 ◽  
Vol 23 (01) ◽  
pp. 2050004
Author(s):  
Ben Sopranzetti ◽  
Yue Ma
Keyword(s):  
Moral Hazard ◽  
Negative Impact ◽  
Value Added ◽  
Free Cash Flow ◽  
Chinese Government ◽  
Effective Tax Rate ◽  
Tax Rate ◽  
Positive Effects ◽  
Tax Savings ◽  
The Impact

In 2012, the Chinese government replaced the existing business sales tax with a Value-added tax for some, but not all, Shanghainese firms. The change was intended to reduce the effective tax rate for firms and stimulate capital investment and employment. Of concern is the potential for managerial moral hazard, whereby self-interested managers might appropriate some of the tax savings for themselves rather than use the tax savings as intended. This paper examines the impact of the tax change on the affected firms and finds no significant evidence that the intended positive effects were achieved. Moreover, it also finds no strong evidence of moral hazard. Instead, the paper documents that the tax change seems to have had a deleterious effect on firm performance. Specifically, employee compensation, capital expenditures, and free cash flow are all lower when the tax changes became effective, with the negative impact on cash flows lingering through 2014. An examination of the effective tax rate reveals that the tax change increased rather than decreased the effective tax rate in 2012 and 2013.

scholarly journals Portrayal of Textile Based Pollutants and its Impact on Soil, Plants and Fisheries

2021 ◽  
Vol 20 (3) ◽  
Author(s):  
M. Riza ◽  
M. N. Ehsan ◽  
S. Hoque
Keyword(s):  
Textile Industry ◽  
Global Economy ◽  
Negative Impact ◽  
Aquatic Organisms ◽  
Textile Wastewater ◽  
Biochemical Properties ◽  
Textile Processing ◽  
Textile Effluents ◽  
Positive Effects ◽  
The Impact

The textile industry occupies a significant hold on the global economy. This substantial industry often generates a large volume of effluents exceeding the permissible limit of discharge in the different regions of the world. Therefore, textile effluents act as pollutants altering the natural composition of various components of the environment. This paper discusses the impact of textile-based pollutants on agriculture including plants, soil, water and fisheries. The observed result is significant because textile effluents exert a widespread negative impact on the respective respondents, though plants show few positive effects. Prior treatment of textile wastewater is necessary before applying it to the soil, as there is a possibility of affecting the plant ecosystem via soil media. Plants are benefitted in terms of germination and growth, due to irrigation by textile effluents with proper dilution. The physical and biochemical properties of water streams along with aquatic organisms are impacted by these specific discharges, leading to even severe deterioration of particular living creatures. Pollutants released from various steps of textile processing have adverse effects on the environment, disturbing the food chain, ecosystem, and overall ecological balance.

Social Support and HIV Prevention Behaviors among urban HIV- Negative Gay, Bisexual, and Other Men who Have Sex with Men

2021 ◽  
Author(s):  
Shayna Skakoon-Sparling ◽  
Graham Berlin ◽  
Nathan Lachowsky ◽  
David M. Moore ◽  
Gilles Lambert ◽  
...  
Keyword(s):  
Social Support ◽  
Hiv Risk ◽  
Minority Stress ◽  
Perceived Social Support ◽  
Negative Impact ◽  
Internalized Homonegativity ◽  
Positive Effects ◽  
Sex With Men ◽  
The Impact ◽  
Hiv Negative

Objective: Supportive social relationships can have direct positive effects on health and miti-gate the negative impact of stressors. This study investigated the main effect of perceived social support on STI/HIV risk and prevention behaviors. The buffering effect of perceived social support on the impact of proximal minority stressors, like internalized homonegativity, was also examined on one risk behavior specifically, condomless anal sex (CAS) without HIV pre-exposure prophylaxis (PrEP) use. Methods: HIV-negative gay, bisexual, and other men who have sex with men (GBM) were recruited using respondent driven sampling from three major Canadian urban centers (n = 1,409). GBM completed measures of perceived social support, proximal minority stress, and engagement in STI/HIV risk and prevention behaviors. Results: Higher perceived social support was positively associated with a several health behaviors, in-cluding recent STI and HIV testing, discussing HIV status with prospective partners, the use of behavioral HIV-risk reduction strategies during sexual encounters, and a lower likelihood of en-gaging in CAS without PrEP. There was evidence of moderation as well. Among GBM with higher perceived social support, internalized homonegativity was no longer associated with in-creased odds of engaging in CAS without PrEP. Conclusions: The results of the current study advance social support theory to GBM in the context of biomedical prevention, showing both evidence of both direct associations and buffering effects on STI/HIV risk and prevention be-haviors. This highlights the importance of promoting social support seeking in interventions aimed at improving GBM health.

The impact of horizontal conflict on reducing vertical conflict in Japan’s retail organizations

2017 ◽  
Vol 25 (2) ◽  
pp. 217-232
Author(s):  
Eunji Seo ◽  
Katsuyoshi Takashima
Keyword(s):  
Negative Impact ◽  
Equation Model ◽  
Content Type ◽  
Cooperative Relationships ◽  
Positive Effects ◽  
Structure Equation Model ◽  
Process Conflict ◽  
Retail Organizations ◽  
The Impact ◽  
Positive Effect

Purpose The purpose of this study is to investigate the negative impact of horizontal conflict on vertical conflict in a triadic configuration, which is based on the supposition that buyers who experience horizontal conflict due to competition with other buyers are motivated to limit vertical conflict to better cooperate with store staff. Design/methodology/approach This study tests the hypotheses with an AMOS-based structure equation model based on survey data of 236 merchandise managers at Japanese retailers. Findings The study’s findings demonstrate that process conflict concerning resource and role allocation, negatively affects the task conflict and relationship conflict involved in vertical interactions. The results suggest that conflict between buyers is an accelerative mechanism affecting the construction of cooperative relationships between buyers and store staff. Originality/value Previous studies have discussed the possibility of positive effects arising from process conflict. In this study, the authors found that horizontal process conflict tolerates vertical conflict statistically and identified a new positive effect of process conflict.

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