Taxation: Excise Tax on Foreign Corporations

The article analyzes the fiscal role of the excise tax on excisable goods (products) produced in Ukraine in the context of permanent changes in the tax legislative framework and within the framework of the global crisis through the coronavirus disease COVID-19. The concept of excise tax has been substantiated, a list of excisable products (goods) has been provided in accordance with legislative acts, the payers of this tax have been specified. The most important events and transactions that influenced the amount of tax revenues from excise tax are investigated. The authors believe that the main reason for the changes in the administration process and the receipt of the excise tax are the European integration transformations and the conditions of the global socio-economic crisis. Based on the difficult economic situation in the state, some legislative acts regulating the collection of excise tax from excisable products produced in the country were considered. It was revealed that a moratorium on the payment of excise tax was imposed on the territory of the studied state for a certain period. This event made its own adjustments to the proceeds from the payment of excise tax on excisable products (goods) produced domestically, and also allowed domestic producers to move from the place of economic stagnation. In Ukraine, they began to actively manufacture and sell antiseptic and disinfectants of their own production to protect citizens. According to the data of the State Treasury Service of Ukraine, the authors analyzed the indicators of tax revenues for each type of excisable products (goods) of domestic production. It was revealed from which products more tax was received during the study period. The main factors that influenced the receipts of excise tax from excisable goods produced on the territory of Ukraine in the period of 2019, as well as for 9 months of 2020, have been determined.

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TAX POLICY IN THE FIELD OF EXCISE TAXES ON TOBACCO PRODUCTS IN RUSSIA

EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA ◽

10.36871/ek.up.p.r.2020.03.03.006 ◽

2020 ◽

Vol 3 (3) ◽

pp. 36-40

Author(s):

A. A. IDRISOV ◽

Keyword(s):

Tax Policy ◽

Negative Impact ◽

Tobacco Products ◽

Excise Tax ◽

Trade Relations ◽

Excise Taxes ◽

Tax Revenues ◽

Eurasian Economic Union ◽

Economic Union ◽

The Impact

The article is devoted to the analysis of the features of excise tax revenues to the budget of the Russian Federation. The analysis of the negative impact on the economy of the distribution of illegal tobacco prod-ucts - cigarettes, as well as the impact of new substitutes for this product. The issues of harmonization of the excise policy of the countries of the Eurasian Economic Union and the regulation of the tax policy in the field of excise taxes on tobacco products, the introduction of new excise taxes on electronic substitutes are considered. These measures are aimed at creating sustainable export-import foreign trade relations and a single market of legalized smoking products. The article is aimed at developing recommendations on strengthening the economy of tobacco production in the context of the creation of the Eurasian Economic Union, as well as on increasing tax revenues from them.

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Report on proposed regulation on earnings and profits of controlled foreign corporations

Thunderbird International Business Review ◽

10.1002/tie.4270060406 ◽

1964 ◽

Vol 6 (4) ◽

pp. 13-13

Author(s):

Peter Miller

Keyword(s):

Foreign Corporations ◽

Proposed Regulation

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Distributive Effects of an Excise Tax on a Monopolist

Journal of Political Economy ◽

10.1086/257016 ◽

1950 ◽

Vol 58 (6) ◽

pp. 546-548 ◽

Cited By ~ 1

Author(s):

J. N. Behrman

Keyword(s):

Excise Tax

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Analysis of the illicit tobacco market in Georgia in response to fiscal and non-fiscal tobacco control measures

Tobacco Control ◽

10.1136/tobaccocontrol-2020-056404 ◽

2021 ◽

pp. tobaccocontrol-2020-056404

Author(s):

Megan Little ◽

Hana Ross ◽

George Bakhturidze ◽

Iago Kachkachishvili

Keyword(s):

Tobacco Control ◽

Household Survey ◽

Tobacco Consumption ◽

Control Measures ◽

Cigarette Consumption ◽

Control Law ◽

Excise Tax ◽

Cigarette Taxes ◽

Illicit Trade ◽

Cigarette Pack

BackgroundGeorgian illicit cigarette consumption was 1.5% in 2017. In 2018, a new tobacco control law took effect followed by a substantial cigarette excise tax increase in 2019. Research shows these policies reduce tobacco consumption, but the tobacco industry argues they increase illicit trade. There is limited evidence on this, particularly from developing countries.MethodsA panel household survey in Georgia obtained data over three waves: 2017 baseline, 2018 after the tobacco control law took effect and 2019 after taxes increased. A sample of 1578 smokers (and quitters in later waves) from five regions reported their tobacco use and were asked to present a cigarette pack in their possession. These were examined for tax stamps and health warnings to establish legality.FindingsThere was no evidence of an increase in illicit cigarette consumption in Tbilisi, Kutaisi, Akhaltsikhe or Gori in any wave. In Zugdidi, near the Russian-occupied Abkhazia, illicit cigarette consumption was increasing even prior to the tax increase, reaching 30.9% by wave 3. A country-wide shift occurred from manufactured cigarettes to roll-your-own tobacco (whose tax remained unchanged) between waves 2 and 3.ConclusionNo evidence of a country-wide increase in illicit cigarette trade was found after non-fiscal tobacco measures took effect and cigarette taxes increased. Relatively high illicit cigarette consumption in Zugdidi highlights the role of disputed territories and border administration in illicit cigarette supply. Substitution towards roll-your-own tobacco after manufactured cigarette taxes increased demonstrates the importance of equalising taxes on tobacco products to maximise public health benefits.

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