Taxation is becoming more and more relevant for firms and managers decisions, mainly due to the impacts of taxation on firms and projects performance, profitability and value. This book provides an introductory overview of taxation in the fields of finance and accounting. It covers several fundamental topics of taxation, such as income, corporate and value add tax, and tax planning and management, international taxation, EU tax harmonization and transfer prices. This book intends to provide the readers with an understanding of the main concepts and principles of these topics, regardless of specific country contexts in law. With this book, readers will be able to understand the fundamentals of taxation at a conceptual and practical level. By using theory and practical examples, readers will understand taxation at a broader level, without being concerned about country-specific issues.
Author(s): Joaquim Miranda Sarmento
Series: Springer Texts in Business and Economics
Publisher: Springer
Year: 2023
Language: English
Pages: 307
City: Cham
Acknowledgements
About the Book
Contents
About the Author
List of Figures
List of Tables
1: Introduction
1.1 Taxation
2: Taxation Principles and Concepts
2.1 The Definition of Taxation and Taxes
2.2 Characteristics of a Tax System
2.3 Sources of Tax Law
2.4 Classifications of Taxes
2.5 Taxable Event
2.6 Applying Taxes on Time
2.7 Applying Taxes in Jurisdiction
2.8 Tax Enforcement
2.9 Tax Incidence
2.10 Tax Exemptions
2.11 Taxpayers/Tax Persons
2.12 Tax Period and Tax Season
2.13 Tax Base and Tax Amount
2.14 Tax Rates
2.15 Tax Expenditures
2.16 Tax Avoidance and Tax Evasion
2.17 Tax Gap
2.18 Tax Administration
2.19 Administrative Tax Procedures
2.20 Tax Competition
2.21 Tax Harmonization
2.22 Environmental Taxes
2.23 Taxation and Ethics
References
3: Taxation in Economics
3.1 Taxation on Demand and Supply
3.2 Taxation and Labor Supply
3.3 Taxation and Efficiency
3.4 Macroeconomic Effects of Taxation
3.5 Fiscal Policy
3.6 Revenues and Expenditures
3.7 Deficit and Debt
3.8 Taxation and (In)Equality
3.9 Taxation and Externalities
3.10 Tax Effort
3.11 Tax Expenditures
References
4: Taxation in Accounting
4.1 Main Definitions
4.2 Taxes in the Balance Sheet and the P&L
4.3 Accounting for Corporate Tax
4.4 Accounting for VAT
4.5 Deferred Tax Assets/Liabilities
References
5: Taxation in Finance
5.1 Main Definitions
5.2 Decisions on Taxes
5.3 Taxes and Costs
5.4 Taxes and the Investment Decision
5.5 Taxes and the Financing Decision
5.6 Taxes and the Dividend Decision
References
6: Income Tax
6.1 Income Tax Definitions
6.2 Main Principles
6.3 Income Tax Structure
6.4 Types of Income Tax Rates
6.5 Exercises and Solutions
References
7: Corporate Tax
7.1 Corporate Tax Definitions
7.2 Main Principles
7.3 Corporate Tax Concepts-How the Tax Works?
7.4 Income and Costs
7.5 Depreciation and Amortizations
7.6 Grants (Subsidies)
7.7 Capital Gains
7.8 Tax Losses Carryforward
7.9 Loan Interest Deduction and Limits
7.10 Corporate Tax Rates
7.11 Corporate Tax Declarations and Payments
7.12 Exercises and Solutions
References
Untitled
8: Tax Planning and Management
8.1 The Concept of Tax Planning and Management
8.2 Tax Avoidance and Tax Evasion
8.3 Tax Benefits, Tax Credits, Tax Shelters, and Tax Incentives
8.4 Tax Planning and M&A
8.5 Depreciations and Tax Planning
8.6 Tax Losses Are Carried Forward and Tax Planning
8.7 Tax Planning of Depreciations and Tax Losses
8.8 Tax Planning on Investment Decisions
8.9 Tax Planning in Financing Decisions
8.10 Tax Planning in Dividend Decisions
8.11 Exercises and Solutions
References
Untitled
9: Value-Added Tax
9.1 The Main Concepts of VAT
9.2 VAT Exemptions
9.3 The VAT Charge and Deductions
9.4 VAT Declarations, Payment, and Regularization
9.5 VAT in the EU: Rules Regarding the Location of Operations
9.6 VAT Evasion and Fraud
9.7 The VAT Revenue Gap
9.8 VAT and Inequality
References
10: International Double Taxation
10.1 Main Concepts
10.2 Double Taxation Agreements
10.3 Methods to Eliminate Double Taxation
References
11: Transfer Prices
11.1 Main Concepts
11.2 The OECD Model
11.3 Transfer Prices Methods
References
12: European Tax Harmonization
12.1 Historical Background of EU Tax Harmonization
12.2 VAT Harmonization
12.3 Corporate Tax Harmonization and CCCTB
12.4 Financial Transaction Tax
12.4.1 The Main Concepts of FTTs
12.4.2 How FTTs Potentially Operate?
12.5 The Main Advantages and Disadvantages of FTTs
12.5.1 The Main Literature on the Implementation of FTTs
12.5.2 The Proposal of the European Union
12.5.3 Tax Structure
References
