How Long to Read Excess Profit Taxes: Historical Perspective and Contemporary Relevance

How Long Does it Take to Read Excess Profit Taxes: Historical Perspective and Contemporary Relevance?

It takes the average reader and 38 minutes to read Excess Profit Taxes: Historical Perspective and Contemporary Relevance by Mr. Shafik Hebous

Assuming a reading speed of 250 words per minute. Learn more

Description

This paper discusses the design of excess profits taxes (EPTs) that gained renewed interest following the COVID-19 outbreak and the recent surge in energy prices. EPTs can be designed as an efficient tax only falling on economic rent, like an allowance for corporate capital, and drawing some parallels with current proposals for reforming multinationals’ taxation. EPTs can be permanent or temporary as an add-on to the corporate income tax to support revenue during an adverse shock episode. The latter reflects experiences with EPTs during and after the World Wars. Different from that era, though, profit shifting is now a challenge. Estimation using firm-level data suggest that, at present, locations of excess profit across countries are consistent with profit shifting practices by multinationals. Destination-based EPTs can address this concern. Estimates suggest that a 10 percent EPT on the globally consolidated accounts of multinationals (on top of the current corporate income tax), with the EPT base being allocated using sales, raises global revenue by 16 percent of corporate income tax revenues. The analysis suggests that international coordination would be desirable to mitigate the risks of profit shifting and tax competition. Eventually, EPTs could mark an evolution of corporate taxation toward a non-distortionary rent tax.

How long is Excess Profit Taxes: Historical Perspective and Contemporary Relevance?

Excess Profit Taxes: Historical Perspective and Contemporary Relevance by Mr. Shafik Hebous is 37 pages long, and a total of 9,509 words.

This makes it 12% the length of the average book. It also has 12% more words than the average book.

How Long Does it Take to Read Excess Profit Taxes: Historical Perspective and Contemporary Relevance Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 51 minutes to read Excess Profit Taxes: Historical Perspective and Contemporary Relevance aloud.

What Reading Level is Excess Profit Taxes: Historical Perspective and Contemporary Relevance?

Excess Profit Taxes: Historical Perspective and Contemporary Relevance is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Excess Profit Taxes: Historical Perspective and Contemporary Relevance?

Excess Profit Taxes: Historical Perspective and Contemporary Relevance by Mr. Shafik Hebous is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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