Distribution of income and income tax burden in Bulgaria

by ZМЊeljko BogeticМЃ

Publisher: World Bank in Washington, DC

Written in English
Published: Pages: 25 Downloads: 337
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Places:

  • Bulgaria,
  • Bulgaria.

Subjects:

  • Income distribution -- Bulgaria -- Statistics.,
  • Income tax -- Bulgaria.

Edition Notes

StatementŽeljko Bogetić and Fareed Hassan.
SeriesPolicy research working paper ;, 1421, Policy research working papers ;, 1421.
ContributionsHassan, Fareed M. A.
Classifications
LC ClassificationsHG3881.5.W57 P63 no. 1421, HC403.Z9I5 P63 no. 1421
The Physical Object
Pagination25, [1] p. :
Number of Pages25
ID Numbers
Open LibraryOL878947M
LC Control Number95166111
OCLC/WorldCa32535549

The method of income is an integral part of the accounts for the primary distribution of income. Approach reflects income as an element of the value added created in the production process. Balance sheet item of income approach is the gross operating surplus / mixed income. Classification system. Strictly speaking, corporations do not pay income tax. The corporate income tax is ultimately borne by individuals, and saying the corporation pays the tax amounts to saying that the corporation’s stockholders bear the burden of taxation (Holcombe , p. ). Salin () also elaborates on this point. Yemen is a low-income country that faces difficult long-term challenges to stabilizing and growing its economy, and the current conflict has only exacerbated those issues. The ongoing war has halted Yemen’s exports, pressured the currency’s exchange rate, accelerated inflation, severely limited food and fuel imports, and caused widespread. On Tennessee Gov. Bill Haslam signed the Revenue Modernization Act, which provides for broad changes affecting the state franchise, excise, and state sales lly, the changes are aimed at generating greater tax revenues by increasing the tax burden on companies that have a limited physical presence within the state.

used the same primary source (a single-page report published by the Tax Policy Center) to determine a middle-class tax burden while ignoring the following data in the report: the top-earning % of taxpayers paid % of their income in corporate income taxes versus % for the middle-class. The IRS released final and proposed (REG) regulations on June 14 addressing a variety of topics including global intangible low-taxed income (GILTI), foreign tax credits, the treatment of domestic partnerships for purposes of determining Subpart F income of a partner, and a so-called “GILTI high-tax exclusion.”The final regulations afford much needed certainty to taxpayers, but.   When marginal tax rates are high, every other stakeholder has a greater claim on the surplus from participating in a market economy. The idea that progressive taxation affects the “pre-distribution” of income — the earnings distribution before taxes and spending — by rebalancing market bargaining power was not original to Roosevelt. In the Germany tax rates for an individual are 14% - 45%. Singles pay on income above EUR , (couples, on income above EUR ,) income tax of 45% before % solidarity tax and 8%-9% church tax which are imposed on the income tax. In addition to regular tax, there is a trade tax that is imposed on business income.

Some elements of spending—health care costs and interest on the federal debt—are difficult to predict. But even in the best scenarios, the debt will remain a significant problem. The Congressional Budget Office (CBO) has been making periodic long-run budget projections since the s. Since. The federal income tax exemption for state and local government securities has been a controversial issue for many years. Opponents of the exemption believe that it is inequitable, reduces risk investment by high-bracket taxpayers, and costs an excessive amount to the federal government. a) the foreign company paying the dividend directly or indirectly engages less than 50% in activities which lead to investment income; or. b) the foreign tax burden on the income of the foreign entity is not substantially lower than the tax burden in Cyprus (in practice, an effective tax rate of at least % is deemed to satisfy this condition). In Austria, taxes are levied by the state and the tax revenue in Austria was % of GDP in according to the World Bank The most important revenue source for the government is the income tax, corporate tax, social security contributions, value added tax and tax on goods and services. Another important taxes are municipal tax, real-estate tax, vehicle insurance tax, property tax, tobacco tax.

Distribution of income and income tax burden in Bulgaria by ZМЊeljko BogeticМЃ Download PDF EPUB FB2

Distribution of income and the income tax burden in Bulgaria (English) Abstract. Using the Bulgarian household budget survey, the authors analyze the distribution of income and of the income tax burden by income and expenditure class and by rural-urban sector. They find: 1) Low income inequality (although that is changing rapidly Cited by: 3.

Using the Bulgarian household budget survey, the authors analyze the distribution of income and of the income tax burden by income and expenditure class and by rural-urban sector. February The empirical analysis of Bulgaria's income distribution and income tax burden indicates that the country has low income inequality although this is changing rapidly.

The income tax is progressive and contributes significantly to reducing income inequality, and the urban sector pays proportionately more in taxes than the rural sector.

Distribution of income and income tax burden in Bulgaria. Washington, DC: World Bank, (OCoLC) Material Type: Internet resource: Document Type: Book, Internet Resource: All Authors / Contributors: Željko Bogetić; Fareed M A Hassan. Distribution of income and the income tax burden in Bulgaria (Inglês) Resumo.

Using the Bulgarian household budget survey, the authors analyze the distribution of income and of the income tax burden by income and expenditure class and by rural-urban sector.

They find: 1) Low income inequality (although that is changing rapidly Cited by: 3. Downloadable. Using the Bulgarian household budget survey, the authors analyze the distribution of income and of the income tax burden by income and expenditure class and by rural-urban sector. They find: 1) Low income inequality (although that is changing rapidly).

2) A progressive income tax system. The poor (the lowest two-income decile) pay only percent of their per capita income. Distribution of income and the income tax burden in Bulgaria (英语) 摘要. Using the Bulgarian household budget survey, the authors analyze the distribution of income and of the income tax burden by income and expenditure class and by rural-urban sector.

They find: 1) Low income inequality (although that is changing rapidly Cited by: 3. Taxes in Bulgaria are collected on both state and local levels. The most important taxes are collected on state level, these taxes include an income tax, social security, corporate taxes and value added local level property taxes as well as various fees are collected.

All income earned in Bulgaria is taxed on a flat rate of 10%. Employment income earned in Bulgaria is also subject to. Downloadable. This study utilizes the Bulgarian household budget survey to analyze the distribution of income and income tax burden.

Results indicate that the country is characterized by low income inequality, though this is changing rapidly. The findings also show that the present income tax system is progressive and that the urban sector pays much more relative to its income.

After-tax income is before-tax income minus federal taxes. The CBO data confirm and quantify what most people know in general: the size and distributional impact of transfers and taxes are huge. Dividing households into quintiles (fifths), CBO estimates that, on average, transfers and taxes increase household income by $8, for the bottom Author: Michael Schuyler.

An income tax is a tax imposed on individuals or entities that varies with respective income or profits (taxable income).Income tax generally is computed as the product of a tax rate times taxable income.

Taxation rates may vary by type or characteristics of the taxpayer. The tax rate may increase as taxable income increases (referred to as graduated or progressive rates). The tax imposed on.

The volume analyzes the revenue and spending of governments across eight low and middle-income countries - Armenia, Ethiopia, Georgia, Indonesia, Jordan, the Russian Federation, South Africa, and Sri Lanka – and can be viewed as a companion piece to The Redistributive Impact of Taxes and Social Spending in Latin America.

As in the latter, this new report finds that taxes and transfers reduce. The tax burden at any given level of earnings is derived by dividing this ‘tax wedge’ by the total payroll costs. The Taxing Wages publication provides an overview of the taxation of employment income across OECD countries and the distribution of this tax burden across different household types.

Tax&Legal Highlights 02 income/amount receivable, referred to as “deduction without inclusion”; • where, due to the specific tax status of one of the parties to the transaction (e.g.

a transparent entity or a company part of a tax group), the same income is deducted from the results of two. InU.S. corporations paid about $ billion in income taxes on slightly more than $1 trillion in taxable income.

However, the vast majority of this income and taxes is attributable to the roughly 2, corporations with assets above $ billion. Indeed, these corporations earned 77 percent of total corporate taxable income in and. Fareed M. Hassan. Effects of personal income tax on income distribution: Example from Bulgaria Distribution of Income and the Income Tax Burden in Bulgaria.

Article. Full-text available. The National Statistical Institute informs users of statistical information that the annual bilingual (Bulgarian/English) publication Main Macroeconomic Indicators is already available. The issue contains the results from official statistics' work on calculation of main macroeconomic indicators for Bulgaria in accordance with the System of National Accounts (SNA ) and the European.

The new Revenue Statistics Global Database is a major step forward in providing comparable and reliable tax revenue data for a large number of countries from all regions of the world. It provides detailed comparable tax revenue data for 85 countries from onwards.

Taxes on labour. Comparative information for the OECD member countries. Read this book on Questia. THE INDIVIDUAL INCOME TAX, the mainstay of the federal tax system of the United States, yielded 45 percent of all federal receipts in the past five fiscal years, dominating by a wide margin receipts from any other single source.

Certain income such as dividend and interest income may be considered as fixed, determinable, annual, or periodical (FDAP) income. FDAP income is generally all income that is not considered ECI, and international investors are subject to a flat 30 percent withholding tax on all FDAP income subject to reduction under a relevant income tax treaty.

Tax revenue-to-GDP ratio: France, Belgium and Denmark show the highest ratios. Intax revenue (including social contributions) in the EU stood at % of GDP, and accounted for % of total government revenue.

The ratio of tax revenue to GDP in the euro area (EA) was higher than in the EU, at %. Future growth will be bolstered by the Panama Canal expansion project that began in and was completed in at a cost of $ billion - about % of current GDP.

Central Europe Tax&Legal Highlights– December 03 Bulgaria Tax legislation changes On 6 December amendments to the Corporate Income Tax Act (“CITA”), the Value Added Tax Act (“VATA”), the Personal Income Tax Act (“PITA”), the Excise Duty.

If a corporation makes a distribution out of earnings that for any reason have not been subject to CIT, such as distributions of book earnings (i.e. not yet recognised for tax purposes in Mexico), the corporation will also be subject to CIT on the grossed-up distributed earnings (gross-up factor is ).

Purchase Public Sector Economics - 1st Edition. Print Book & E-Book. ISBNBook Edition: 1. In Bangladesh, the principal taxes are Customs Duties, Value-Added-Tax (VAT), Supplementary Duty and personal income taxes and corporate income taxes.

Income tax. The history of income tax in this country dates back to when it was introduced in this country by the British rulers under the title Income Tax Act, Since then various changes have taken place.

The Gini coefficient, sometimes called the Gini Index or Gini ratio, is a statistical measure of distribution intended to represent the income or wealth distribution of a nation.

The Gini coefficient was developed by Italian statistician Corrado Gini inand today is the most commonly used measurement of wealth or income inequality. Offshore income is tax-exempt. Taxpayers in this condition are considered exempt and are not required to complete and file a Brazilian annual tax return.

The 25 percent withholding income tax payment is to be effected by the local payer of the income, through a voucher (Darf) with the code - Income Tax on non-resident’s income. The literature on tax evasion has mainly been focused on personal income tax and the compliance decision by an individual –lling the tax declaration form.

However, due to the tax withholding and information reporting sys-tems present in many countries, this is not an accurate description for the 4. A resident company is taxed on its worldwide income.

A non-resident company is taxed only on income that is received in India, or that accrues or arises, or is deemed to accrue or arise, in India. The corporate income-tax (CIT) rate applicable to an Indian company and a. PwC Corporate income taxes, mining royalties and other mining taxes— update 3 as “ring fencing”.

The Ghana government, in the Budget Statement, proposed an increase to the corporate income tax rate from 25% to 35% and an additional tax of 10% on mining companies. Ghana’s proposed tax increases are likely to take. In recent years, a number of state initiatives have given voters the chance to increase high-income earners’ tax burden.

In most instances (though not all), these measures have been successful. InMaine voters gave the thumbs up to an additional 3 percent tax on those making more than $,Faculty of Economics, South-West University-Bulgaria [email protected] Nikolay Patonov Faculty of Economics, South-West University-Bulgaria [email protected] ABSTRACT The paper is intended to study the basic trends in the distribution of the total tax burden in .