scholarly journals The Effect of Legislated Tax Changes on the Trade Balance: Empirical Evidence for the United States, Germany, and the United Kingdom

2021 ◽  
Author(s):  
Bernd Hayo ◽  
Sascha Mierzwa
Keyword(s):  
United States ◽  
United Kingdom ◽  
Empirical Evidence ◽  
Trade Balance ◽  
The United States ◽  
The United Kingdom ◽  
Tax Changes

scholarly journals Discretionary Tax Changes and the Macroeconomy: New Narrative Evidence from the United Kingdom

2013 ◽  
Vol 103 (4) ◽  
pp. 1507-1528 ◽  
Author(s):  
James Cloyne
Keyword(s):  
United States ◽  
United Kingdom ◽  
The United States ◽  
Policy Changes ◽  
Narrative Strategy ◽  
The United Kingdom ◽  
Macroeconomic Effects ◽  
The Uk ◽  
Tax Changes ◽  
Strategy I

This paper provides new estimates of the macroeconomic effects of tax changes using a new narrative dataset for the United Kingdom. Identification is achieved by isolating “exogenous” tax policy changes using the Romer and Romer narrative strategy. I find that a 1 percent cut in taxes increases GDP by 0.6 percent on impact and 2.5 percent over three years. The findings are remarkably similar to Romer and Romer narrative estimates for the United States, reinforcing the view that tax changes have powerful and persistent effects. “Exogenous” tax changes are also shown to have contributed to important episodes in the UK business cycle. (JEL E23, E32, E62, H20, H61)

scholarly journals A Comparative Discussion of the Judicial Disqualification of Directors under the South African Companies Act

2020 ◽  
pp. 1-24
Author(s):  
Rehana Cassim
Keyword(s):  
United States ◽  
United Kingdom ◽  
South African ◽  
United States Of America ◽  
The United States ◽  
The South ◽  
The United Kingdom ◽  
Locus Standi

Abstract Section 162 of the South African Companies Act 71 of 2008 empowers courts to declare directors delinquent and hence to disqualify them from office. This article compares the judicial disqualification of directors under this section with the equivalent provisions in the United Kingdom, Australia and the United States of America, which have all influenced the South African act. The article compares the classes of persons who have locus standi to apply to court to disqualify a director from holding office, as well as the grounds for the judicial disqualification of a director, the duration of the disqualification, the application of a prescription period and the discretion conferred on courts to disqualify directors from office. It contends that, in empowering courts to disqualify directors from holding office, section 162 of the South African Companies Act goes too far in certain respects.

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