Public finance and taxation Books

Book SynopsisTrade Review"Few scholarly, well-researched books have been written on long-term private investing. Victoria Ivashina and Josh Lerner have undertaken a real public service in writing what will undoubtedly become the definitive book on the subject. My only regret in reading this book is that I did not write it."—David Rubenstein, Co-Founder and Co-Executive Chairman, The Carlyle Group "You may not think your life depends on long-term investors, but it does—the health of your company's pension plan, your state or country's social security fund, indeed the very comfort of your retirement, depends on the success of long-term investing. In this very readable book, Ivashina and Lerner, two of the foremost experts on the subject, tell you what is going wrong, and how to set it right. It is a must-read for every anxious investor and every concerned taxpayer."—Raghuram Rajan, University of Chicago" 'The trees that are slowest to grow bear the best fruit,' Molière says. And that is why this lucid and refreshing account of how to overcome the barriers to long-term investment deserves the attention of pension funds, insurers, sovereign wealth funds, and endowments. After all, the potential fruits are not just quality returns, but significant benefits to society."—Dominique Senequier, President, Ardian"The antidote for short-term horizons in public markets is long-term investment in private markets. In Patient Capital, Ivashina and Lerner survey the private equity world, employing an engaging combination of captivating anecdotes and solid academic research. A must-read for all who care about the future of capitalism."—David F. Swensen, Chief Investment Officer, Yale University“This book provides a thorough and thoughtful analysis of the role that patient, long-term capital plays in the economy. Ivashina and Lerner do a wonderful job of combining clear and intuitive explanations with entertaining anecdotes that keep the reader’s attention and make it easier to understand the underlying ideas. At every point their in-depth knowledge shines through and makes for a very enjoyable read.”—Antoinette Schoar, MIT Sloan School of Management“Patient Capital is a compelling and thought-provoking book about an important but poorly understood aspect of finance—the role of long‐term investors in our capital markets. It will appeal to finance scholars; those who work for pension funds, endowments, insurance companies, sovereign wealth funds, and the venture capital and private equity industries; and entrepreneurs who rely on them for financing.”—Jeffrey R. Brown, Dean of the University of Illinois’s Gies College of Business and Investment Committee Chair for TIAA

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Book SynopsisTrade ReviewWinner of the 2017 PROSE Award in Economics, Association of American Publishers Selected for Canada's Financial Post Best Personal Finance and Economics Books of 2016 One of Financial Times (FT.com) Best Economics Books of 2016 One of Bloomberg's Best Books of 2016 Longlisted for the Financial Times and McKinsey Business Book of the Year 2016 "In a brilliant and lucid new book, The Curse of Cash, the Harvard economist Kenneth Rogoff gives a fascinating and thorough account of the argument against cash."--John Lanchester, New York Times Magazine "An excellent book on the history and the origins of cash, which also goes into much depth on the issue of cash constraining monetary policy."--Jon Hartley, Forbes.com "The great accomplishment of his book is that his arguments are convincing... It's clear and coherent, and even if you disagree with him in the end, chances are you'll think a little bit differently about something of which most of us give no thought whatsoever."--Bethany McLean, Washington Post "[A] fascinating economic manifesto... [The Curse of Cash] is an absorbing exploration of the uses, and misuses, of currency, and its intractability in controlling modern economies."--Publishers Weekly "Economist Rogoff, the former chief economist of the International Monetary Fund, offers a detailed case for eliminating paper money... For both the elimination of paper money and the employment of negative interest rates to combat deflationary recessions, Rogoff painstakingly presents both the advantages and the drawbacks... Provocative."--Library Journal "In a witty new book, The Curse of Cash, economist Kenneth Rogoff argues the human race would be better off without paper money. He's onto something."--Hiawatha Bray, Boston Globe "[The Curse of Cash] makes the case for encouraging the U.S. government to drastically scale back on $100 bills in circulation. The book ... offers a thought-provoking theory for phasing out paper money, not eliminating it."--Susan Tompor, Detroit Free Press "Meticulously written, [The Curse of Cash] covers everything needed for such a monetary reform. But the book is not excessively polemical. Rogoff details almost all the arguments against tinkering with paper currency, then labors to refute or defuse them."--Peter Garber, Finance & Development "Rogoff is always worth listening to... Where Rogoff is on very solid ground is when he says the process of weaning us further off cash should begin with the abolition of high-denomination notes."--David Smith, Sunday Times "Rogoff makes a compelling case for the crime-fighting power of his idea."--David Nicklaus, St. Louis Post Dispatch "[Rogoff] understands that getting rid of cash ... is not exactly an easy sell. So Rogoff builds the case against cash, loading up on all the things wrong with paper money... Rogoff's case against cash is so cogently argued that it's hard to believe that we haven't already gotten rid of paper bills and coins--or at least larger bills."--Mark Gimein, Strategy+Business.com "An illuminating, provocative and fact-packed work that does make you wonder why on earth we allow so much cash to slosh around. It also exposes some well-worn pub truths as urban myths."--Patrick Hosking, The Times "Ken Rogoff, the Harvard economist, who argues in [his] new book that we should start to phase out cash is, for me, on the money."--Ben Chu, Independent "This book is a rare bird indeed: accessible, absorbing and often deadpan funny."--Brian Bethune, Maclean's "The idea is not as crazy as it may sound. In a recent book, The Curse of Cash, Rogoff, says boring old paper (or plastic, in our case) bank notes are a major barrier to monetary policy--changing interest rates--fulfilling its potential. The book ... is a fascinating contribution to the debate about what might be done to help get many wealthy countries out of an economic funk."--Clancy Yeates, Sydney Morning Herald "[The Curse of Cash] is a fascinating contribution to the debate about what might be done to help get many wealthy countries out of an economic funk."--Clancy Yeates, Sydney Morning Herald "Lively and clearly written."--Geoffrey Wood, Central Banking Journal "Recommended for readers who seek a greater understanding of negative interest rates and the possibility of eliminating cash."--Choice "You may not have any in your wallet, but $100 bills make up an astonishing 80 percent of the U.S. currency in circulation. In his new book, The Curse of Cash, Kenneth Rogoff ... proposes a plan to phase out most paper currency in the United States and other economically advanced nations, keeping only low-denomination notes to create what he terms a 'less-cash' society."--MIT Technology Review "Like a chess player playing many opponents simultaneously, Rogoff views 'the curse of cash' through several prisms, and offers a compelling rationale of the merits of a 'less cash' economy."--Venky Vembu, The Hindu "The Curse of Cash is a well-argued book and Rogoff is a good economist."--Pierre Lemieux, Regulation,Table of ContentsPreface ix Chapter 1: Introduction and Overview 1 PART I: The Dark Side of Paper Currency: Tax and Regulatory Evasion, Crime, and Security Issues Chapter 2: The Early Development of Coins and Paper Currency 15 Chapter 3: Size and Composition of Global Currency Supplies, and the Share Held Abroad 31 Chapter 4: Holdings of Currency in the Domestic, Legal, Tax-Paying Economy 48 Chapter 5: Currency Demand in the Underground Economy 58 Chapter 6: Seigniorage 80 Chapter 7: A Plan for Phasing Out Most Paper Currency 92 PART II: Negative Interest Rates Chapter 8: The Cost of the Zero Bound Constraint 119 Chapter 9: Higher Inflation Targets, Nominal GDP, Escape Clauses, and Fiscal Policy 147 Chapter 10: Other Paths to Negative Interest Rates 158 Chapter 11: Other Possible Downsides to Negative Nominal Policy Rates 175 Chapter 12: Negative Interest Rates as a Violation of Trust and a Step Away from Rule-Based Systems 182 PART III: International Dimensions and Digital Currencies Chapter 13: International Dimensions to Phasing Out Paper Currency 199 Chapter 14: Digital Currencies and Gold 208 Final Thoughts 217 Acknowledgments 221 Appendix 225 Notes 233 References 257 Index 273

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Book SynopsisFinancial regulation has dramatically evolved and strengthened since the crisis on both sides of the Atlantic, with enhanced international coordination through the G-20 and the Financial Stability Board and, at the regional level, a definite contribution from the European Union. However the new regulatory environment has its critics, with many divergent voices arguing that over-regulation has become a root cause of our current economic stagnation.This book provides a bigger picture view of the impact and future of financial regulation in the EU, exploring the relationship between microeconomic incentives and macroeconomic growth, regulation and financial integration, and the changes required in economic policy to further European integration. Bringing together contributions from law, economics and management science, it offers readers an accessible but rigorous understanding of the current state of play of the regulatory environment, and on the future challenges.Coverage will include:• A review of the recent regulatory changes from a legal and economic perspective• Analysis of how the economic model of financial institutions and entities is impacted by the new frameworks• How to improve securitization and new instruments under MIFID II• Issues in the enhanced supervision under delegated acts for AIFMD, CRR-CRD IV and Solvency II• How long term funding can be supplied in lieu of the non-conventional monetary policies• A new architecture for a safer and more efficient European financial system Financial Regulation in the EU provides much needed clarity on the impact of new financial regulation and the future of the economy, and will prove a must have reference for all those working in, researching and affected by these changes.Table of Contents

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Book SynopsisTrade Review"Winner of the Immanuel Wallerstein Memorial Book Award, Political Economy of the World-System Section of the American Sociological Association""Roos has given us a thought-provoking book that will repay the investment of any reader with an interest in sovereign debt."---Michael Reddell, Central Banking Journal"[A] fresh and painstakingly researched approach that raises vital questions for economists, political scientists and policymakers."---Aleksandr V. Gevorkyan, LSE Review of Books"[A] timely and thoroughly researched book—destined to become an obligatory reference in the field."---Veronica Santarosa, Journal of Economic History"[I've] been reading Why Not Default? at an excruciating pace for the best reason: every page or so I get inspired some subtheme or footnote and go off chasing it down."---Quinn Slobodian"Roos makes a powerful and provocative argument." * Survival: Global Politics and Strategy *"A fantastic contribution to the growing literature on sovereign debt. . . . Why Not Default? will be a mandatory reference for scholars working on financialization, debt, and structural power."---José Tomás Labarca, Finance and Society"[Why Not Default?] does a great service . . . by synthesizing a huge amount of detailed information about these crises in one place, and by clarifying the interlocking effects of a host of social, economic and political changes over the past century."---Shaina Potts, Antipode

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Book SynopsisThe public finance branch of economics has seen a great deal of change in prevailing attitudes regarding the role of the market and the role of government in countries with democratic institutions and market economies. Different functions have been added, over the past century, and especially after World War II, to the role that the government should play. The laissez faire ideology of the past, that minimized the government role, was progressively abandoned until the last two decades of the 20th century, when there was an attempt to reduce the ambitious role that the government had assumed, and to give a growing role back to the market. This book explains how changes in both the market and the government have made public finance a more challenging, interesting and at times frustrating branch of economics. It provides a cosmopolitan perspective and details the part that historical developments have played in shaping modern views. The author explores the real life, practical nature of public finance and de-emphasizes the role of armchair theorizing by focusing on real issues that are seen from a community rather than an individualistic perspective. The Advanced Introduction to Public Finance offers a fresh look at the field for students, researchers and policymakers in economics, public administration, taxation, policy and economic history.Trade Review‘The book is successful in presenting the advanced introduction to public finance to all diversified readers in a lucid way because the book focuses on ideas rather than techniques throughout. The author must be congratulated and thanked for this important contribution and Edward Elgar for publishing this book for the benefit of global readers.’ -- M R Narayana, Aarthika Charche'This wonderful book takes the reader through the intricacies of public finance with a simple and yet comprehensive approach. It explains institutional and historical aspects of government intervention in the economy, and it clarifies fundamental concepts in public economics. It reflects the deep knowledge of a leading economist who spent his life studying fiscal policy and advising governments throughout the world.' --Guido Tabellini, Bocconi University, ItalyTable of ContentsContents: Preface Part One: Public Finance Objectives 1. Introduction 2. Why Public Finance? 3. What kind of state is in power? Part Two: Public Finance Instruments and Techniques 4. Government Tools 5. Guiding Tax Principles 6. The Development of Modern Tax Systems 7. Tax Choices and Tax Techniques 8. From Laissez faire To Welfare States 9. On the Growing Use of Regulations 10. Fiscal Deficits and Public Debt 11. Public Spending 12. Fiscal Federalism 13. Concluding Remarks Bibliography Index

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Book SynopsisThe long awaited revision of a classic text by an expert author team.

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a huge range and FREE tracked UK delivery on ALL orders.

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Book SynopsisWhile this volume presents the important writings of James M. Buchanan on taxation and debt, Geoffrey Brennan makes it clear in the foreword that the thrust of Buchanan''s work in this area has been to integrate theories of taxation and debt with public-expenditure theory. Therefore, the editors strongly urge that the present volume on taxation and debt be read in tandem with the subsequent Volume 15, ''Externalities and Public Expenditure Theory''. Included in this present volume are thirty-five important writings by Buchanan on taxation and debt. These are grouped into the following major subject categories: taxation, politics, and public choice; earmarking and incidence in democratic process; analytical and ethical foundations of tax limits; the fiscal constitution; confessions of a burden monger; Ricardian equivalence; the constitution of a debt-free polity. As Geoffrey Brennan points out in the foreword to this volume, Although James Buchanan''s interests are wide-ranging, the core of his professional reputation as an economist and the origin of much of his broader thinking lie in public economics -- in engagement with the questions of what governments do and how governments should properly finance what they do. This volume together with its partner subsequent volume present clear and accessible insights into the rich economic work for which Buchanan is best known.

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Book SynopsisWhile this volume presents the important writings of James M. Buchanan on taxation and debt, Geoffrey Brennan makes it clear in the foreword that the thrust of Buchanan''s work in this area has been to integrate theories of taxation and debt with public-expenditure theory. Therefore, the editors strongly urge that the present volume on taxation and debt be read in tandem with the subsequent Volume 15, ''Externalities and Public Expenditure Theory''. Included in this present volume are thirty-five important writings by Buchanan on taxation and debt. These are grouped into the following major subject categories: taxation, politics, and public choice; earmarking and incidence in democratic process; analytical and ethical foundations of tax limits; the fiscal constitution; confessions of a burden monger; Ricardian equivalence; the constitution of a debt-free polity. As Geoffrey Brennan points out in the foreword to this volume, Although James Buchanan''s interests are wide-ranging, the cor

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Book SynopsisIn his foreword, Geoffrey Brennan states, The papers in this volume represent a coherent set of pieces focused on aspects of public-expenditure theory and constitute all of Buchanan''s papers in this area. Buchanan''s work on the subject of what governments should do and his insistence on Knut Wicksell''s ideal that taxation and public expenditure be integrated topics have contributed significantly to the current thinking of most economists on the topic. Geoffrey Brennan summarises Buchanan''s central themes in this way, There are two messages that emerge from this work: one is that a proper sense of the extent of market failure, rather than its mere presence, is relevant in all cases; the other is that ''correcting'' for such market failure is often a complex multidimensional business not captured by direct public provision at zero price and not necessarily involving expansion of market output. The twenty-nine papers represented in this volume are grouped into these major subject cate

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Book SynopsisTrade Review"[ Robert Ascah's] account of this period helps us to see how the economics and politics of government and debt shaped the development of our country and brought us to where we are today." -Paul Boothe, from the ForewordTable of ContentsPublic Debt and Debt Management; Capital Markets and the Players; Political Uncertainty and New Institutional Arrangements, 1930-1939; The Alberta Default and Its Impact on the Dominion's Credit; Broadening the Ownership of the Debt and Bank Resistance, 1935-1939; Wartime: Conscription of Capital If Necessary, But Not Necessarily Conscription, 1940-1945; Attempts to Keep Faith with Bondholders, 1945-1952; Politics, Public Debt and Debt Management; Index.

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Book SynopsisProvides an analysis and discussion on the topics and issues developed in our "Tax Reform" series. This text draws from the experience of a variety of countries and experts providing guidance for tax administrators, students of taxation, and others. Its focus is on the key events associated with major reform programmes in tax in the 1980s.Table of ContentsGraham Stark - Taxing Families Andrew Dilnot - Integrating Income Tax and Social Security Leif Muten - Capital Gains Tax - Gaining Ground? Cedric Sandford - Taxing Wealth; Minimising Administrative and Compliance Costs John O'Hagan and Aisling Reilly - The Taxation of Alcoholic Beverages John Hasseldine - Tax Amnesties Ian Crawford and Stephen Smith - Environmental Costs of Road Transport Robert Luther - Profit-related Pay: A Case Study Alan Lewis and Ian Wallschutzky - Tax Perceptions and Tax Reform Sven Steinmo - The Politics of Tax Reform

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Book SynopsisDealing with key issues in tax reform, this volume contains chapters by eminent economists Andrew Dilnot, Richard Bird, Leif Muten and Stephen Smith. It also includes contributions from Lord Howe of Aberavon (formerly Sir Geoffrey Howe, UK Chancellor of the Exchequer, 1979-83) and Elizabeth Filkin, UK Revenue Adjudicator until 1999.Table of ContentsAndrew Dilnot, Director, IFS London - The Taxation of Savings John O'Hagan, Professor, TC Dublin - The Taxation of Tobacco Stephen Smith, Professor, UCLondon - The Carbon Tax: A Tax Whose Time has Come? Roger Bowles, Director, CFS Bath - Minimising Corruption in Tax Affairs Geoffrey Howe (Lord Howe of Aberavon) Chancellor of the Exchequer1979-83 -Tax Law Simplification in the United Kingdom Elizabeth Filkin, UK Revenue Adjudicator - Dealing with Complaints - The Adjudicator. A UK Experiment Sean Moriarty, Irish Revenue Commissioners - Tax Compliance: Managing the Landscape of Relationships with the Taxpayer Donal de Buitleir, General Manager, AIB, Secretary, IrishTax Commission, 1980-85 - The Role of Tax Incentives: The Irish Experience Leif Muten, Professor of International Taxation, Stockholm; IMF 1968-91 - Minimising the Tax Effects of Inflation Richard Bird, Professor and Director International Centre for Tax Studies, Toronto - Administrative Constraints on Tax Policy Cedric Sandford, Emeritus Professor; Director CFS Bath 1975-86 - Tax Reform of the 'Eighties in Retrospect - What Can We Learn?

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Book SynopsisAimed at students studying for either University degrees incorporating courses in UK taxation and also students studying tax courses for professional qualifications in accounting, banking, management and taxation, this book is suitable for anyone wishing to understand more of the detailed workings of the UK tax system.Table of ContentsPreface Abbreviations and statutes Summary of main changes 2005/06 Part I: Income tax 1 General principles 2 Administration 3 Personal allowances and reliefs 4 Charges on income and interest paid 5 Savings and investment income 6 Income from employment I - general aspects 7 Income from employment II - international aspects 8 Income from employment III - PAYE 9 Income from UK land and property 10 Foreign income 11 Income taxed as trade profits I - general principles 12 Income taxed as trade profits II - basis periods 13 Income taxed as trade profits III - change of accounting date 14 Capital allowances 15 Relief for trading and capital losses 16 Partnership taxation 17 Personal investment - pensions 18 Estate and trust income 19 National Insurance contributions and Social Security Income tax: end of section questions and answers Part II: Corporation tax 20 General principles 21 The charge to corporation tax 22 Capital allowances 23 Charges on income/quarterly returns 24 Qualifying distributions 25 Relief for losses 26 Close companies 27 Corporation tax rates and the small company 28 Groups and consortia 29 International aspects 30 Miscellaneous Corporation tax: end of section questions and answers

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Book SynopsisSuitable for exams until December 2025

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Book SynopsisStudies the following issues on Goods and Services Tax (GST): inclusion and exclusion of taxes, finding a suitable mechanism to handle inter-state transactions, finding revenue neutrality of the tax reform, providing compensation to states for any possible loss of revenue due to its adoption, and possible scope for coordination in GST administration.Table of ContentsList of tables; Acknowledgements; List of abbreviations; Introduction; Part I. Genesis and Evolution of GST in India: 1. Decades of indirect tax reforms in India: a journey towards Goods and Services Tax (GST); 2. Towards GST: choices and trade-offs with Amaresh Bagchi; 3. Goods and Services Tax: the Thirteenth Finance Commission and the way forward; 4. Present state of Goods and Services Tax (GST) reform in India; Part II. Revenue Neutrality of GST: 5. Estimation of revenue neutral rates for Goods and Services Tax in India; 6. New assumptions, new estimates: scrutinising a new report on revenue neutral rate; 7. Exploring policy options to include petroleum, natural gas and electricity under the Goods and Services Tax (GST) Regime in India; Part III. GST Administration and Possible Impacts of GST on Indian Economy: 8. Administration of GST: can we continue with present structures?; 9. Goods and Services Tax: performance and progress; 10. Conclusion: impact of GST and what might happen; Index.

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Book SynopsisThis book offers a comprehensive, region-wide examination of the politics of taxation in Latin America, one of the most pressing issues to confront the region. It will interest scholars across political science, sociology, economics and public policy who study political economy in the developing world, as well as policymakers.Trade Review'This is a much-needed volume on the political underpinning of taxation in Latin America. It provides crucial contributions to understand the political factors explaining the relative low levels of taxation in the region as well as variation across countries. This very important book is a must-read both for scholars of comparative political economy and Latin American politics as well as for practitioners seeking to understand the possibilities of fiscal reforms that can help the region build more effective states.' Maria Victoria Murillo, Columbia University, New York'Notwithstanding a growing body of literature on state capacity, income inequality, and problems of democracy in Latin America, we still know surprisingly little about how governments in the region tax their populations. This volume brings together theoretical and empirical contributions by some of the leading scholars in the field, and goes a considerable distance towards filling this gap.' Robert R. Kaufman, Distinguished Professor of Political Science, Rutgers University, New Jersey'No reader of the volume will come away empty-handed. All the chapters make it clear that Latin America taxes little, badly, and unfairly.' Comparative PoliticsTable of Contents1. Introduction: the political economy of taxation in Latin America Gustavo Flores-Macías; 2. The political economy of oil taxation in Latin America: policy volatility and untapped potential Francisco Monaldi; 3. Economic growth and tax compliance in Latin America Marcelo Bergman; 4. Path dependence, power resources, and the magnitude of the tax burden in Latin America Gabriel Ondetti; 5. Federalism and taxation: patterns of international insertion in Brazil Aaron Schneider; 6. Do particularistic institutions affect tax neutrality in Latin America? Mark Hallerberg and Carlos Scartascini; 7. Taxing Latin American economic elites Tasha Fairfield; 8. Weak liberalism and weak property taxation in Latin America James Mahon, Jr; 9. Preferences for redistribution and tax burdens Juan Bogliaccini and Juan Pablo Luna; 10. Conclusion: addressing taxation's political challenges Gustavo Flores-Macías.

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Book SynopsisAlan Melville FCA BSc Cert Ed. is a best-selling author. Previously a Senior Lecturer at Nottingham Trent University, he has many years' experience of teaching accounting and taxation. For this edition, updates to the Companion Website questions have been provided by Richard Poole FCCA BSc (Hons.), Classroom and Online Tutor, specialising in Tax, Audit and Financial Reporting.Table of ContentsPart 1 Income Tax and National Insurance 1 Introduction to the UK tax system 2 Introduction to income tax 3 Personal allowances 4 Payments and gifts eligible for tax relief 5 Income from property 6 Income from savings and investments 7 Income from employment (1) 8 Income from employment (2) 9 Income from self-employment: Computation of income 10 Income from self-employment: Basis periods 11 Income from self-employment: Capital allowances 12 Income from self-employment: Trading losses 13 Income from self-employment: Partnerships 14 Pension contributions 15 Payment of income tax, interest and penalties 16 National Insurance contributions Part 2 Capital Gains Tax 17 Introduction to capital gains tax 18 Computation of gains and losses 19 Chattels and wasting assets 20 Shares and securities 21 Principal private residence 22 CGT reliefs Part 3 Corporation Tax 23 Introduction to corporation tax 24 Corporate chargeable gains 25 Computation and payment of the corporation taxliability 26 Corporation tax losses 27 Close companies and investment companies 28 Groups of companies and reconstructions Part 4 Miscellaneous 29 Value added tax (1) 30 Value added tax (2) 31 Inheritance tax 32Overseas aspects of taxation

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Book SynopsisHow should policy analysts assess ''benefit validity'' when behavioral anomalies appear relevant? David L. Weimer provides thoughtful answers through practical guidelines. Behavioral economists have identified a number of situations in which people appear not to behave according to the neoclassical assumptions underpinning welfare economics and its application to the assessment of the efficiency of proposed public policies through cost-benefit analysis. This book introduces the concept of benefit validity as a criterion for estimating benefits from observed or stated preference studies, and provides practical guidelines to help analysts accommodate behavioral findings. It considers benefit validity in four areas: violations of expected utility theory, unexpectedly large differences between willingness to pay and willingness to accept, non-exponential discounting, and harmful addiction. In addition to its immediate value to practicing policy analysts, it helps behavioral economists idenTable of Contents1. Introduction; 2. Neoclassical valuation principles for CBA; 3. Possible behavioral frameworks for CBA; 4. Risk perception and expected utility deviations; 5. Large deviations between WTP and WTA; 6. Non-exponential time discounting; 7. Harmful addictive consumption; 8. Practical guidelines for valuation.

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Book SynopsisJon Yarker, based in Liverpool UK, is a financial journalist at Rhotic Media, where he heads up the agency's features team. He has written for a wide range of leading financial services trade titles such as Investment Week, Money Marketing, COVER, Professional Adviser, FT Adviser, and Pensions Expert.Prior to joining Rhotic, he was a freelance writer. In addition to working as a marketing executive at a leading wealth management firm, he spent several years working full time as an investment correspondent for trade publications Money Marketing and Citywire Wealth Manager. He has written extensively on all areas of financial services, including tax, investment, regulation, insurance and advice, and holds the IMC qualification.

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Book SynopsisThe Telegraph is an award-winning, multimedia news brand that has been synonymous with quality, authority and credibility for more than 165 years. Telegraph Media Group (TMG) is the publisher of The Daily Telegraph and The Sunday Telegraph, The Telegraph Magazine, Telegraph.co.uk, the Telegraph app and a number of books, including the annual Telegraph Tax Guide.Table of Contents Chapter - 00: Introduction; Chapter - 01: You and HMRC; Chapter - 02: Tax rates and allowances; Chapter - 03: Tax credits; Chapter - 04: Interest payments and other outgoings; Chapter - 05: Working in employment; Chapter - 06: Value Added Tax; Chapter - 07: Working for yourself; Chapter - 08: National Insurance and state benefits; Chapter - 09: State and private pensions; Chapter - 10: Savings and investment income; Chapter - 11: The family unit; Chapter - 12: Residence and domicile; Chapter - 13: Capital gains; Chapter - 14: How to complete your Tax Return and work out your tax; Chapter - 15: Paying your tax, interest and penalties; Chapter - 16: Elections and claims: time limits; Chapter - 17: Inheritance Tax; Chapter - 18: Budget measures;

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Book SynopsisThe Telegraph is an award-winning, multimedia news brand that has been synonymous with quality, authority and credibility for more than 165 years. Telegraph Media Group (TMG) is the publisher of The Daily Telegraph and The Sunday Telegraph, The Telegraph Magazine, Telegraph.co.uk, the Telegraph app and a number of books, including the annual Telegraph Tax Guide.

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Book SynopsisThis book lays out what we know about the scale, history and impacts of tax abuse. From profit-shifting by multinational corporations to the exploitation of offshore tax havens. It sheds light on the people and organisations that enable tax abuse, and the stark social inequalities it creates. Crucially, it also explores what we can do about it. What are the practical realities of challenging the threats of tax injustice and of holding abusers accountable? What are the policies and institutional shifts we need to see and fight for? It is estimated that cross-border tax abuse accounts for around half a trillion dollars of lost revenue around the world each year. This is important. Alex Cobham shows us that tax is more than just business regulation or economic policy. It is a powerful tool for creating a fair and just society. It is our social superpower. Alex Cobham is an economist and chief executive of Tax Justice Network. The ‘What Do We Know and What Should We Do About...?′ series offers readers short, up-to-date overviews of key issues often misrepresented, simplified or misunderstood in modern society and the media. Each book is written by a leading social scientist with an established reputation in the relevant subject area. "Short, sharp and compelling." - Alex Preston, The Observer "If you want to learn a lot about what matters most, in as short a time as possible, this is the series for you." - Danny Dorling, Halford Mackinder Professor of Geography, University of OxfordTrade ReviewOverall this book covers a good deal of ground, summarising the authors work, in both the academic field as well as in practice and in understanding the relationship between firms and governments. It also for example highlights the unequal nature of the bargaining arrangements between firms and tax authorities, and the need, for reasons discussed above to end secrecy, not only at the level of the firm, but from banks, and also (typically big 4) auditors and the advice they give on tax avoidance. Overall therefore, Cobham provides an excellent, thought provoking overview of these issues, with many examples that even the casual reader would find interesting. -- Professor Nigel Driffield * LinkedIn *Cobham′s analysis unveils compelling dimensions of tax justice, supported by insightful data seamlessly presented in charts and tables. The book transcends its initial goal of offering "a guided tour of the issues and evidence", evolving into a profound exploration of the interconnected realms of taxation, justice, and development. Through this exploration, readers gain a profound understanding of the evolving landscape of contemporary taxation systems and their contradictory impacts at both domestic and international contexts. What emerges unequivocally is the book′s plea for urgent reform as a prerequisite for achieving social justice. The narrative deftly underscores the pressing need to address the inequities perpetuated by the abuse of tax systems, both within nations and amongst them, emphasizing the imperative role of fair tax policies in meeting the basic needs of citizens across the spectrum of economic disparities. In adhering to the standards of the "What Do We Know and What Should We Do About...?" series, the book achieves its objective of providing a concise, up-to-date overview of a critical issue. But the book not only informs, it also calls for action in the face of the contemporary challenges posed by the evolving landscape of taxation and its implications for global social justice. -- Dr Iyabo Masha * email *Table of ContentsIntroduction Background What do we know about tax (in)justice? What should we do to achieve tax justice? Conclusion

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Book SynopsisEstate and gift taxes are used to tax large transfers of wealth between individuals. Gift taxes are imposed on transfers made during an individual''s lifetime, and estate taxes are imposed on transfers made at the time of death. Although gift taxes and estate taxes are paid separately, they are a unified tax in the sense that a single graduated rate schedule applies to the cumulative total of taxable transfers made through gifts and estates. The 2001 tax cut legislation enacted by Congress and President Bush gradually phases out the estate tax over ten years but revives it after sunsetting at the end of 2010. Since the law does not treat the gift tax entirely the same (the gift tax is never fully repealed, for example) the two taxes are no longer fully unified. The effective marginal tax rates decrease gradually from 2001 through 2010 but generally range from around 38% to 44%, after accounting for the credit for state estate taxes. (The 2001 law replaces the credit with a deduction in 2006). This book gathers important information on issues directly concerned with estate and gift taxes.

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