The Proper Tax Base: Structural Fairness from an International and Comparative Perspective - Essays in Honour of Paul McDaniel

282 Pages·2012·3.333 MB·English

by  Yariv Brauner, Martin J. McMahon Jr.

Editbeyd
Yari v Braun&e r
Martin J.M cMahon,J r.
TheP roper
TaxB ase
Structural Fafirronmae ns s
InternatiaonndaC lo mparative
PerspectiEvses ayisn H onor
ofP aulM cDaniel
Series
onl nte1·11ational
Taxatio11
39
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WoltKelrusw er
Law B&u siness
TheP roperT axB ase
SerieosnI nternatiToanxaalt ion
VOLUME 39
FoundEidnigt ors
RichaDrode mberKge,e sv anR aada nd KlVaougse tl
SeniEodri tor
ProfesDsro rK eveasn R aad,
InternatiToanxaC le nteUrn,i versoifLt eyi den
ManagEidnigt ors
ProfesRsuotrhM ason,
UniversoifCt oyn necticut oSfLc ahwo ol
ProfesDsroE rk kehaRredi mer,
UniversoifHt eyi delberg
Thtei tpluebsl iisnth hesides r airelesi sattte hdee n odf t hviosl ume.
TheP roperT axB ase
StructuFraailr nefsrso ma nI nternational
andC omparatiPveer spective-Essays
inH onoro fP aulM cDaniel
Editebdy
Y ariv Brauner
MartiJna meMsc MahonJ,r .
®WoltKelrusw er
Law &B usiness
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Printoenda cidjrpeaep er.
eISBN9 78-1910--I94 48 -9
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SummaroyfC ontents
Preface xiii
PartI
TaxE xpenditures 1
Chapte1r
TheS tafofft heJ oinCto mmittoeneT axatiRoenv ision
ofT axE xpenditCulraes sificaMteitohno dology:
WhatI sT oB eM adeo fa ChangTeh atM akesN o Changes? 3
PauRl.M cDaniel
Chapte2r
TaxinTga xE xpenditures? 17
MartJi.Mn c Mahon, Jr.
Chapte3r
TheT axE xpenditCuornec epGtl obally 47
MiranSdtae wart
Chapte4r
TaxR eforma ndT axE xpendituirnAe uss tralia 87
RichJa.rV da nn
Chapte5r
TaxR eformP aulM cDanieSlt ylTeh:e R epeaolft heG rantor
TrusRtu les 107
LaurEa.C unnin&g hNaomeB l.C unningham
SummaorfCy o ntents
PartI I
TheF aiTra xB asea ndI nternatiToanxRa elf orm 119
Chapte6r
HorizonEtqauli tRye visited 121
JameRse pe&t Dtiia Rnie ng
Chapte7r
WhatI sT hisTh inCga lleSdo urce? 139
LawreLnockek en
Chapte8r
FormulBaa seTdr ansfPerri cing 149
YarBirva uner
ParItI I
A ComparatiPveer spective 177
Chapte9r
TheE U proposCeCdC TB-SomeT axT reatIys sues 179
Keevsa Rna ad
Chapte1r0
ShareLde gaOlr ders: STohmoeu ghatbso utth eI nfluence
ofE U CaseL aw onI nternatiToanxLa alw Ruleosf t he
EU MemberS tates 187
IreJn.eJB .u rgers
Chapte1r1
IntrGar oupL oans-AS wedisPhe rspective 211
BerWtiimla n
Chapte1r2
EuropeaVnA T andJ urisdicttoiT oanx 223
AntoVnaizoq dueeRlze y
VI
TabloefC ontents
Preface xiii
ParIt
TaxE xpenditures 1
Chapte1r
TheS tafofft heJ oinCto mmittoeneT axatiRoenv ision
ofT axE xpenditCulraes sification Methodology:
WhatI sT o BeM adeo fa ChangTeh atM akesN o Changes? 3
PauRl.M cDaniel
1.1 Introduction 4
1.2 MethodolHoigsyt oriUcsaeldlTy o ClassiCfoyd eP rovisions 4
1.2.1T heT axB ase 5
1.2.2T axR ates 5
1.2.3T heT axabUlnei t 6
1.2.4A ccountRiunlge s 6
1.2.5I nternatiToanxaS ly stem 6
1.2.6T axA dministration 7
1.3 MethodolAodgoyp tebdy J CTS taff 7
1.3l. TaxS ubsidies 7
1.3.2T ax-InduScterdu ctDuirsatlo rtions 8
1.3.3T he2 008T axE xpenditEusrtei mates 9
1.4 Critioqufte h eR easofnso r theS tJaCfTfC 'hsa nges 10
1.5 Conclusions 15
TabolfeC ontents
Chapte2r
TaxinTga xE xpenditures? 17
MartJi.Mn c MahoJnr,.
2.1 Introduction 17
2.2 "TaxR eform"V ersu"sS pendiRnegf orm" 19
2.3 TheF ailuorfeC riticoifsT ma xE xpenditAunrael ysis 22
2.4 TaxinTga xE xpenditures 25
2.4.1D eterminWihnigc hT axE xpenditSuurbes idies
Should TBaex ed 25
2.4.2D eterminHionwg t oT axT axabElxep enditure
Subsidies 29
2.4.3T axinTga xE xpenditiusrU ensa dministrable 34
2.5 RevenuEen hancemeSnpte,n diRnegfo rma,n dT ax
Reform-CurbTianxgE xpenditures 36
2.5.lT axE xpenditAurreeB so thI nefficainedn t
Inequitable 36
2.5.2T axE xpenditAurreeo sfQ uestionEafbfliec acy 37
2.5.3T heC asefo r CurbiTnag xE xpenditures 38
2.6 Conclusion 44
Chapte3r
TheT axE xpenditCuornec ept Globally 47
MiranSdtae wart
3. 1 Introduction 48
3.2 GlobaTlr endisnT axE xpenditRuerpeo rting 49
3.3 CountCrays eS tudies 58
3.3.1I ndia 58
3.32. Chile 65
3.3.3S outAhf rica 68
3.4 Purpoasned C hallenogfeT sa xE xpenditure Reporting 73
3.4.lP urpose 74
3.4.2T axE xpenditMuarnea gemeansta nE ffective
Elemenotft heB udgePtr ocess 76
3.4.3T wo Challenges 78
3.5 Conclusion 84
Chapte4r
TaxR eforma ndT axE xpendituirnAe uss tralia 87
RichJa.rV dan n
4.1 Introduction 87
4.2 TheA pproatcohT axR eform 89
4.3 TaxatioofLn a boIrn come 93
Vlll
TabolfeC ontents
4.4 Savinagn dT axatioofIn n vestmIenncto me 94
4.5 PensiPolna nasn dt heF amilHyo me 99
4.6 Conclusion 104
Chapte5r
TaxR eformP aulM cDanieSlt ylTeh:e R epeaolf t heG rantor
Trust Rules 107
LauEr.aC unning& hNaomeB l.C unningham
5. 1 Introduction 107
5.2 TGhrea ntTorru sRtu les 110
5.3 TheI ntentioDneaflelcyt Girvaen tTorru st 113
5.3l. BasiIcD GTT ransaction 113
5.3.2I DGTI nstallSmaelnTetr ansaction 114
5. 4 TheA rgumenftor R epeal 116
5.5 Conclusion 117
PartI I
TheF aiTra xB asea ndI nternatiToanxRa elf orm 119
Chapte6r
HorizonEtqauli tRye visited 121
JameRse pe&t Dtiia nRei ng
6.1 Introduction 121
6.2 Why HE andV E LackN ormatiCvoen tent? 124
6.3 EfforttoSs u staai Dne sigRno lfeo rH E 127
6.4 Critioqufte h eA sserttihoanHt E LackNso rmative
Content 129
6.4l. HE asa ProceRsesq uirement 129
6.4.2H E asE ven-HandEendfo rcement 134
6.5 Conclusion 136
Chapte7r
WhatI sT hiTsh inCga lleSdo urce? 139
LawreLnockek en
7.1 Introduction 139
7.2 TheM odel 141
7.3 Applicatoifot nhseM odel 143
7.3.lG enerally 143
7.3.2I nterIenscto me 144
7.3.3I nterbeysA tn alogy 146
7.4 Conclusion 148
IX