A Summary of the Individual and Corporate Tax Proposals in the Obama Administration's Fiscal Year 2012 Budget

2011 ◽  
Author(s):  
David S. Miller ◽  
Charles Kaufman
2020 ◽  
Vol 30 (2) ◽  
pp. 3-10
Author(s):  
T. Subedi ◽  
M. Ghimire

In recent years, import of timber and other wood products from different parts of the world have been increasing in Nepal. The Government of Nepal aims to be a self-sustain in timber production. In this context, the objective of this study was to estimate efficiency of harvesting practices in Nepal in relation to stump-height. We collected the data on the stump-heights and other biometric characteristics of the trees from different felling sites of Kailali, Kanchanpur, Jhapa and Morang districts of Nepal. The volumes of the individual trees as well as the proportions of the volumes of their stumps with different heights were calculated. Correlation and ANOVA were used to find the significance of the associated factors. The average stump-heights using the conventional felling method and the chain saw method were found to be 0.74±0.17m and 0.46±0.21m, respectively with wider range. The correlation between the stump-height and diameter at breast height (dbh) was found significant. Similarly, the harvesting method, skill and experience of the tree-fellers and tree species were also found to be significant with the stump-heights. On an average, 5% of the total timber production equivalent to one million cubic feet (cft) is lost in the Fiscal Year 2074/075 in Nepal while adopting the conventional method of harvesting because of the higher stump-height than the one prescribed by the Government. The estimated loss was NRs. 2 billion (roughly equivalent to US $ 20 million, @NRS 100 = 1 USD) to the national economy, and the Government had to bear loss of about NRs. 500 million (roughly equivalent to 5 million USD) from the royalty of timber. This amount of loss could be reduced to half by using power chain saw. Lack of skilled laborers, poor implementation of law, and weak knowledge of officials were major causes for losses in harvesting practices. Moreover, about 2% wood volume loss can be avoided, without any further investment, by setting minimum standard stump-height at 15 cm and providing training to the field staff and tree harvesters.


1992 ◽  
Vol 17 (4) ◽  
pp. 227-235 ◽  
Author(s):  
Michael West ◽  
W. Grant Revell ◽  
Paul Wehman

This article presents results from the 1990 fiscal year survey of state supported employment implementation conducted by the Rehabilitation Research and Training Center on Supported Employment at Virginia Commonwealth University, and a longitudinal analysis of findings from the 5-year course of this investigation. State vocational rehabilitation agencies reported a total of 74,657 supported employment participants and 2,647 provider agencies for 1990. Persons with mental retardation continue to be the primary service group, but there has been a dramatic increase in the proportion of supported employment participants with mental illness. Among participants with mental retardation, those with mild retardation continue to be the primary recipients of services. Use of the individual placement model has also increased substantially, with a corresponding decrease in the use of most group options. The availability of extended services funding was found to be limited across a number of disability groups. Findings are discussed in relation to the achievements of the states in implementing supported employment, and challenges to the states for improving service access and delivery for individuals with severe disabilities.


Author(s):  
Norio Nakazawa ◽  
Masafumi Sasaki ◽  
Tsubura Nishiyama ◽  
Masumi Iwai ◽  
Haruo Katagiri ◽  
...  

The Petroleum Energy Center (PEC) in Japan is overseeing a seven year development program with the purpose of determining the potential of an automotive ceramic gas turbine (CGT), utilizing funding from the Ministry of International Trade and Industry. This program is scheduled to be completed in fiscal year 1996. A Regenerative-Type Single-Shaft Engine was developed, having a target turbine inlet temperature (TIT) of 1350°C and output power of 100kW. Each component has achieved or nearly met the respective design target level and the output performance tests of the engine have reached their final stage. Durability tests of some components have been completed, and others are ongoing. A 100hr durability test of the engine has also started. This development project started in FY 1990 after a two year feasibility study and preliminary design effort. After deciding on the engine specifications and completing the structural design, development and testing of individual and multiple components was carried out. Then the developmental progress of each component technology was reviewed and quantified, the results summarized, and corrective measures were applied during the latter half of the CGT development project. Anticipated difficulties, problem areas, and other obstacles which arose during the development were given extra emphasis during the individual component tests and full assembly tests. Many advanced technologies in component performance improvement, application of ceramic materials, engine structures and so forth were accumulated throughout the seven year development period.


1996 ◽  
Vol 9 (3) ◽  
pp. 233-252 ◽  
Author(s):  
J.D. Foster ◽  
Patrick Fleenor

This essay considers estate taxes and their effect upon entrepreneurial activity and family business. After a brief history of estate taxes, estate compositions and tax burdens are addressed. Finally, a simulation model is used to quantify the disincentive effect of estate taxation upon wealth accumulation. The simulation model suggests that estate taxes have the same disincentive effect as would a 67% individual tax rate or a 67.85% corporate tax rate. Thus, it would be necessary to roughly double the individual and corporate tax rates to reduce bequests to the level under the current estate tax regime.


2021 ◽  
Author(s):  
Abdulla M. Al-Jazzaf ◽  
Abdulaziz A. Abdal ◽  
Abdulaziz Shehab ◽  
Nora H. Al-Maqsseed ◽  
Alexander Gorlov

Abstract Electrical Submersible Pumps (ESPs) contribute over 60% of the Kuwait's oil production from 2,500 ESPs. Past efforts in benchmarking ESP performance were based on single metric reporting such as run life, reliability, failure rates and downtime reported separately resulting in often contradictory results. The Field Operational Score (FOS) was developed as a more holistic and integrated approach in measuring ESP performance answering questions such as how often do downtime event occur and how long do they last? How fast can we identify a trip and restart production? How many days will an ESP operate before failing and how likely will it prematurely fail? The FOS enables a unified and well-rounded approach to measuring ESP operational performance which includes factors often overlooked in ESP benchmarking. The FOS metrics include production downtime (ESP and Non-ESP related), trips, response time, premature failure rate, run life, data quality and entry time. Each of these metrics has been assigned a unique weightage and when combined result in a performance score reflecting the operational performance of individual ESPs. The FOS for each ESP is based on the previous fiscal year performance against the accumulative current fiscal year performance with an expected improvement of 5%. Once calculated, the score highlights areas of improvement and deterioration in ESP operations. When grouping multiple ESPs, the FOS is the summation of the individual ESP's KPIs resulting in the combined score of a cluster of ESPs. The FOS clusters are embedded into the field operational staff hierarchy ensuring that a fair and balanced benchmark is applied to all related staff such as Team leaders (500 – 1000 ESPs), senior engineers (150-250 ESPs), and field engineers (50 – 100 ESPs). By linking field staff KPIs directly to their ESP cluster performance, more proactive and effective efforts were exerted by the field staff towards ensuring optimum ESP operations. The FOS enabled management staff to become more involved in individual well performance as opposed to previous dependency on individual engineer efforts. As a result of the routine FOS, multiple operational enhancements were adapted such as increasing the SCADA connectivity for ESPs, more effective troubleshooting procedures, proactive ESP monitoring, and targeted ESP intervention. Although targeted at 5%, the improvement in the last fiscal year was upwards of 15% with each metric outperforming its' previous fiscal year's performance. By assigning each ESP its own KPI, targeted intervention is enabled allowing the field staff to quickly identify weak performing ESPs and improve its performance. The application of detailed benchmarking has shown to guide both ESP field staff and management towards identifying individual weak performing ESPs per metric, unifying performance into a single operational score, and focuses on improving the overall performance of ESP operations.


2021 ◽  
Vol 123 (9) ◽  
pp. 171-198
Author(s):  
Matt Garcia

Background: Early studies of district-level outcomes of interdistrict school choice policies found changes in how districts interact with one another and changes in districts’ per-pupil expenditures. More recent studies suggest that wider social and political consequences may result from interdistrict choice policies. Purpose: In Colorado, interdistrict school choice participation increased from 4.64% participation in the 2003–2004 fiscal year to almost 10% participation in the 2016–2017 fiscal year, shifting more than $7.79 billion in per-pupil revenue in the process. This suggests a corresponding shift in the social organization of schooling under Colorado’s statewide interdistrict school choice policy. Research Design: Quantitative studies on school choice policies typically examine the factors leading to individual choices when choosing schools or the individual outcomes of those choices. This study takes a different approach to quantitative analysis of school choice by employing separable temporal exponential random graph modeling (STERGM), a network analysis method, to examine patterns of student-enrollment ties that are created between school districts when students enroll outside their district of residence. Conclusions/Recommendations: School district leaders and policy makers should be cognizant of changes to the organization of education and the fiscal impact of those changes—especially given that findings from this study suggest that these changes may be out of their hands. Findings may have indirect impacts on matters such as mill levy and bond evaluations by way of total program formula calculations and may suggest a hidden destabilization of democratic processes, such as losing the interest of voters who send their students to a school in another district.


2015 ◽  
Vol 38 (1) ◽  
pp. 1-22 ◽  
Author(s):  
Kari Joseph Olsen ◽  
James Stekelberg

ABSTRACT We examine the effect of CEO narcissism on an especially aggressive form of corporate tax avoidance: tax sheltering. Narcissism is a multifaceted personality trait associated with a sense of superiority and a propensity to engage in questionable behavior. Narcissists feel that they are above the law and are aggressive in pursuing what they believe is theirs. Narcissists also possess heightened motivations to pursue rewards or desirable outcomes while only being weakly motivated to avoid negative outcomes. Consistent with these behavioral tendencies of narcissistic individuals, we document statistically and economically significant effects of CEO narcissism on the likelihood that the CEO's firm engages in corporate tax shelters. Our study contributes to the literature by documenting a mechanism through which the individual personality characteristics of the CEO can affect firm-level tax policies. JEL Classifications: H25; H26; M41.


2016 ◽  
Vol 62 (No. 8) ◽  
pp. 363-377 ◽  
Author(s):  
Nerudova Danuse ◽  
Krchniva Katerina

The allocation formula for the distribution of the Common Consolidated Corporate Tax Base (CCCTB) should be based on three macroeconomics factors which are considered to have the largest impact on profitability. The paper researches the ability of the allocation formula factors to explain variability in profit/loss generation of single enterprises from the perspective of the Czech Republic with the special focus on the explanation power of the allocation formula on profit/loss generation of companies operating in the agriculture sector (NACE A). The analysis is based on the comparison of the coefficients of determination as an indicator of the explained variability of the proposed simple as well as the multiple regression models. The paper concludes that proportion of explained profitability by the formula factors as are defined by the Draft Directive on a Common Consolidated Corporate Tax Base can differ by more than 30% with regard to the sector of economic activity classified by the NACE, whereas in the individual subsectors of the agriculture the difference may amount to 40%.


2021 ◽  
Vol 80 (2) ◽  
pp. 91-101
Author(s):  
Jeremy Slack ◽  
Scott Whiteford

2010 was a significant year for immigration issues along the United States-Mexico border. In April, Arizona signed the most extreme law against undocumented immigrants. In August, 72 hopeful migrants were massacred in Tamaulipas by alleged drug traffickers, and the Arizona desert claimed a record 252 lives in fiscal year 2010. These events were part of the trend that began with border militarization in the mid-1990s and escalated in the wake of 9/11, resulting in the extremely violent character of the undocumented border crossing experience. This is manifest, not only in the frequent reports of abuses by various actors along the border, but also in the consolidation of undocumented migration with the trafficking of narcotics. The authors have documented many cases of robbery, kidnapping, physical abuse, rape, and manipulation by drug traffickers. In this article, we discuss these different manifestations of violence by understanding both the structural constraints that create and characterize violence, as well as the individual reactions to the factors. The authors propose the conceptualization of “post structural violence” as a manner of enhancing the discussion of agency within and as a reaction to the structural conditions generated by border security and immigration policy.


2020 ◽  
Vol 30 (5) ◽  
pp. 873-878
Author(s):  
Xueying Jin ◽  
Takahiro Mori ◽  
Mikiya Sato ◽  
Taeko Watanabe ◽  
Haruko Noguchi ◽  
...  

Abstract Background Japan, with the oldest population in the world, faces a financial challenge caused by rising long-term care (LTC) expenditure. For policymakers to address this, it is important that we have a better understanding of how individual and regional characteristics affect LTC expenditure. Methods We linked national LTC insurance (LTCI) claim data, covering the entire population who used LTCI services in Japan, with municipality data on an individual level. Individuals 65 years and older (n=3 876 068) who had used LTCI benefits at least once in the fiscal year (FY) 2016 were included. We examined the associations of individual and municipality characteristics regarding supply and demand of healthcare with the LTC expenditures on facility care, home and community care, and total care (the sum of both types of care), after adjusting for regional differences in LTC extra charges. Results The following variables were associated with higher total expenditure; at the individual level: female, a higher care-need level, a lower income (0% co-payments) or a facility service user; at the municipality level: municipalities locating in metropolitan areas, with a higher proportion of single elderly households, more doctors per 1000 citizens, more nursing homes per 100 000 LTC benefit users or more outpatient medical spending per citizen ≥75 years old. Conclusions As we are able to identify several individual and municipality characteristics associated with higher LTC expenditure in Japan, the study offers insights into dealing with the rapidly growing LTC expenditure.


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