Allocating business income between capital and labor under a dual income tax the case of Iceland /
"In contrast to most Scandinavian countries, Iceland allocates the income of closely held businesses (CHBs) between capital and labor based on administratively set minimum wages rather than an imputed return to book assets. This paper contrasts the relative tax burdens of the current minimum wa...
| Основни автори: | Matheson, Thornton, (Author), Kollbeins, Pall, (Author) |
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| Формат: | Електронен |
| Език: | English |
| Публикувано: |
[Washington, D.C.] :
International Monetary Fund,
℗♭2012.
|
| Серия: |
IMF working paper ;
WP/12/263. |
| Предмети: | |
| Онлайн достъп: |
http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=516430 |
| Подобни документи: |
Print version::
Allocating Business Income between Capital and Labor under a Dual Income Tax: The Case of Iceland. |
| Резюме: |
"In contrast to most Scandinavian countries, Iceland allocates the income of closely held businesses (CHBs) between capital and labor based on administratively set minimum wages rather than an imputed return to book assets. This paper contrasts the relative tax burdens of the current minimum wage system with asset-based allocation methods, and finds that switching to an asset-based method could increase tax revenues from CHBs in a generally progressive manner. Predictably, the shift would also raise the tax burden of skilled labor-intensive industries more than it would that of capital-intensive industries"--Abstract. |
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| Описание на библ. документ: |
Title from PDF title page (IMF Web site, viewed Nov. 20, 2012). "Fiscal Affairs Department"--Page 2 of pdf. "November 2012"--Page 2 of pdf. |
| Физически характеристики: |
1 online resource (27 pages) : color illustrations. |
| Библиография: |
Includes bibliographical references (page 26). |
| ISBN: |
9781475521245 1475521243 |