Allocating business income between capital and labor under a dual income tax :: the case of Iceland /
"In contrast to most Scandinavian countries, Iceland allocates the income of closely held businesses (CHBs) between capital and labor based on administratively set minimum wages rather than an imputed return to book assets. This paper contrasts the relative tax burdens of the current minimum wa...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C.] :
International Monetary Fund,
©2012.
|
| Schriftenreihe: | IMF working paper ;
WP/12/263. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | "In contrast to most Scandinavian countries, Iceland allocates the income of closely held businesses (CHBs) between capital and labor based on administratively set minimum wages rather than an imputed return to book assets. This paper contrasts the relative tax burdens of the current minimum wage system with asset-based allocation methods, and finds that switching to an asset-based method could increase tax revenues from CHBs in a generally progressive manner. Predictably, the shift would also raise the tax burden of skilled labor-intensive industries more than it would that of capital-intensive industries"--Abstract. |
| Beschreibung: | Title from PDF title page (IMF Web site, viewed Nov. 20, 2012). "Fiscal Affairs Department"--Page 2 of pdf. "November 2012"--Page 2 of pdf. |
| Beschreibung: | 1 online resource (27 pages) : color illustrations |
| Bibliographie: | Includes bibliographical references (page 26). |
| ISBN: | 9781475521245 1475521243 |
Internformat
MARC
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| 100 | 1 | |a Matheson, Thornton, |e author. |0 http://id.loc.gov/authorities/names/no2010153063 | |
| 245 | 1 | 0 | |a Allocating business income between capital and labor under a dual income tax : |b the case of Iceland / |c Thornton Matheson and Pall Kollbeins. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, |c ©2012. | ||
| 300 | |a 1 online resource (27 pages) : |b color illustrations | ||
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| 500 | |a Title from PDF title page (IMF Web site, viewed Nov. 20, 2012). | ||
| 500 | |a "Fiscal Affairs Department"--Page 2 of pdf. | ||
| 500 | |a "November 2012"--Page 2 of pdf. | ||
| 520 | |a "In contrast to most Scandinavian countries, Iceland allocates the income of closely held businesses (CHBs) between capital and labor based on administratively set minimum wages rather than an imputed return to book assets. This paper contrasts the relative tax burdens of the current minimum wage system with asset-based allocation methods, and finds that switching to an asset-based method could increase tax revenues from CHBs in a generally progressive manner. Predictably, the shift would also raise the tax burden of skilled labor-intensive industries more than it would that of capital-intensive industries"--Abstract. | ||
| 504 | |a Includes bibliographical references (page 26). | ||
| 505 | 0 | |a Cover; Abstract; Contents; I. Introduction; II. Capital-Based vs. Labor-Based Allocation Methods; Figures; 1. Marginal Tax Rates for GAM and MWM; 2. Average Tax Rates for GAM and MWM; 3. Evolution of Income Tax Rates, Iceland 1990-2010; III. Iceland's Dual Income Tax; A. The Minimum Wage Allocation Method; 4. Number of Businesses by Type, Iceland 1999-2010; Tables; 1. Evolution of Statutory Minimum Wages for CHBs in Iceland, 2000-10; B. The 20/50 Allocation Method; 2. CHB Wages and Dividends 2000-09; 3. Simulation of Shift from MWM to 20/50 Method for Tax Years 2000-09. | |
| 505 | 8 | |a 5. MTRs for Different Forms of BusinessC. Asset-Based Allocation Methods: NAM and GAM; 6. Change in Numbers of Businesses by Type, Iceland 2000-10; 4. GAM Annual Totals 2000-09; 5. NAM Annual Totals 2000-09; 6. GAM Income Distribution 2009; 7. NAM Income Distribution 2009; 8. GAM 7 Percent Sectoral Distribution 2009; 9. GAM 15 Percent Sectoral Distribution 2009; 10. NAM 7 Percent Sectoral Distribution 2009; IV. Conclusions and Areas for Further Research; 11. NAM 15 Percent Sectoral Distribution 2009; References. | |
| 650 | 0 | |a Small business |x Taxation |z Iceland. | |
| 650 | 0 | |a Capital levy |z Iceland. | |
| 650 | 0 | |a Income tax |z Iceland. | |
| 650 | 6 | |a Petites et moyennes entreprises |x Impôts |z Islande. | |
| 650 | 6 | |a Impôt sur le capital |z Islande. | |
| 650 | 6 | |a Impôt sur le revenu |z Islande. | |
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| 650 | 7 | |a BUSINESS & ECONOMICS |x Taxation |x Small Business. |2 bisacsh | |
| 650 | 7 | |a Capital levy |2 fast | |
| 650 | 7 | |a Income tax |2 fast | |
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| 710 | 2 | |a International Monetary Fund. |b Fiscal Affairs Department, |e issuing body. |0 http://id.loc.gov/authorities/names/n81027435 | |
| 758 | |i has work: |a Allocating business income between capital and labor under a dual income tax (Text) |1 https://id.oclc.org/worldcat/entity/E39PCH4p48FVtfcK9DJrT9qB8C |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
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Datensatz im Suchindex
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| adam_text | |
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| author | Matheson, Thornton Kollbeins, Pall |
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| contents | Cover; Abstract; Contents; I. Introduction; II. Capital-Based vs. Labor-Based Allocation Methods; Figures; 1. Marginal Tax Rates for GAM and MWM; 2. Average Tax Rates for GAM and MWM; 3. Evolution of Income Tax Rates, Iceland 1990-2010; III. Iceland's Dual Income Tax; A. The Minimum Wage Allocation Method; 4. Number of Businesses by Type, Iceland 1999-2010; Tables; 1. Evolution of Statutory Minimum Wages for CHBs in Iceland, 2000-10; B. The 20/50 Allocation Method; 2. CHB Wages and Dividends 2000-09; 3. Simulation of Shift from MWM to 20/50 Method for Tax Years 2000-09. 5. MTRs for Different Forms of BusinessC. Asset-Based Allocation Methods: NAM and GAM; 6. Change in Numbers of Businesses by Type, Iceland 2000-10; 4. GAM Annual Totals 2000-09; 5. NAM Annual Totals 2000-09; 6. GAM Income Distribution 2009; 7. NAM Income Distribution 2009; 8. GAM 7 Percent Sectoral Distribution 2009; 9. GAM 15 Percent Sectoral Distribution 2009; 10. NAM 7 Percent Sectoral Distribution 2009; IV. Conclusions and Areas for Further Research; 11. NAM 15 Percent Sectoral Distribution 2009; References. |
| ctrlnum | (OCoLC)818797036 |
| dewey-full | 336.2/07094912 |
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| dewey-search | 336.2/07094912 |
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| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| geographic | Iceland fast https://id.oclc.org/worldcat/entity/E39PBJv8BMtRgpqP3vfbrdChHC |
| geographic_facet | Iceland |
| id | ZDB-4-EBU-ocn818797036 |
| illustrated | Illustrated |
| indexdate | 2024-11-26T14:49:07Z |
| institution | BVB |
| institution_GND | http://id.loc.gov/authorities/names/n81027435 |
| isbn | 9781475521245 1475521243 |
| language | English |
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| open_access_boolean | |
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| physical | 1 online resource (27 pages) : color illustrations |
| psigel | ZDB-4-EBU |
| publishDate | 2012 |
| publishDateSearch | 2012 |
| publishDateSort | 2012 |
| publisher | International Monetary Fund, |
| record_format | marc |
| series | IMF working paper ; |
| series2 | IMF working paper ; |
| spelling | Matheson, Thornton, author. http://id.loc.gov/authorities/names/no2010153063 Allocating business income between capital and labor under a dual income tax : the case of Iceland / Thornton Matheson and Pall Kollbeins. [Washington, D.C.] : International Monetary Fund, ©2012. 1 online resource (27 pages) : color illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier IMF working paper ; WP/12/263 Title from PDF title page (IMF Web site, viewed Nov. 20, 2012). "Fiscal Affairs Department"--Page 2 of pdf. "November 2012"--Page 2 of pdf. "In contrast to most Scandinavian countries, Iceland allocates the income of closely held businesses (CHBs) between capital and labor based on administratively set minimum wages rather than an imputed return to book assets. This paper contrasts the relative tax burdens of the current minimum wage system with asset-based allocation methods, and finds that switching to an asset-based method could increase tax revenues from CHBs in a generally progressive manner. Predictably, the shift would also raise the tax burden of skilled labor-intensive industries more than it would that of capital-intensive industries"--Abstract. Includes bibliographical references (page 26). Cover; Abstract; Contents; I. Introduction; II. Capital-Based vs. Labor-Based Allocation Methods; Figures; 1. Marginal Tax Rates for GAM and MWM; 2. Average Tax Rates for GAM and MWM; 3. Evolution of Income Tax Rates, Iceland 1990-2010; III. Iceland's Dual Income Tax; A. The Minimum Wage Allocation Method; 4. Number of Businesses by Type, Iceland 1999-2010; Tables; 1. Evolution of Statutory Minimum Wages for CHBs in Iceland, 2000-10; B. The 20/50 Allocation Method; 2. CHB Wages and Dividends 2000-09; 3. Simulation of Shift from MWM to 20/50 Method for Tax Years 2000-09. 5. MTRs for Different Forms of BusinessC. Asset-Based Allocation Methods: NAM and GAM; 6. Change in Numbers of Businesses by Type, Iceland 2000-10; 4. GAM Annual Totals 2000-09; 5. NAM Annual Totals 2000-09; 6. GAM Income Distribution 2009; 7. NAM Income Distribution 2009; 8. GAM 7 Percent Sectoral Distribution 2009; 9. GAM 15 Percent Sectoral Distribution 2009; 10. NAM 7 Percent Sectoral Distribution 2009; IV. Conclusions and Areas for Further Research; 11. NAM 15 Percent Sectoral Distribution 2009; References. Small business Taxation Iceland. Capital levy Iceland. Income tax Iceland. Petites et moyennes entreprises Impôts Islande. Impôt sur le capital Islande. Impôt sur le revenu Islande. BUSINESS & ECONOMICS Taxation Corporate. bisacsh BUSINESS & ECONOMICS Taxation Small Business. bisacsh Capital levy fast Income tax fast Small business Taxation fast Iceland fast https://id.oclc.org/worldcat/entity/E39PBJv8BMtRgpqP3vfbrdChHC Kollbeins, Pall, author. http://id.loc.gov/authorities/names/no2012150003 International Monetary Fund. Fiscal Affairs Department, issuing body. http://id.loc.gov/authorities/names/n81027435 has work: Allocating business income between capital and labor under a dual income tax (Text) https://id.oclc.org/worldcat/entity/E39PCH4p48FVtfcK9DJrT9qB8C https://id.oclc.org/worldcat/ontology/hasWork Print version: Matheson, Thornton. Allocating Business Income between Capital and Labor under a Dual Income Tax: The Case of Iceland. Washington : International Monetary Fund, ©2012 9781475515411 IMF working paper ; WP/12/263. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=516430 Volltext |
| spellingShingle | Matheson, Thornton Kollbeins, Pall Allocating business income between capital and labor under a dual income tax : the case of Iceland / IMF working paper ; Cover; Abstract; Contents; I. Introduction; II. Capital-Based vs. Labor-Based Allocation Methods; Figures; 1. Marginal Tax Rates for GAM and MWM; 2. Average Tax Rates for GAM and MWM; 3. Evolution of Income Tax Rates, Iceland 1990-2010; III. Iceland's Dual Income Tax; A. The Minimum Wage Allocation Method; 4. Number of Businesses by Type, Iceland 1999-2010; Tables; 1. Evolution of Statutory Minimum Wages for CHBs in Iceland, 2000-10; B. The 20/50 Allocation Method; 2. CHB Wages and Dividends 2000-09; 3. Simulation of Shift from MWM to 20/50 Method for Tax Years 2000-09. 5. MTRs for Different Forms of BusinessC. Asset-Based Allocation Methods: NAM and GAM; 6. Change in Numbers of Businesses by Type, Iceland 2000-10; 4. GAM Annual Totals 2000-09; 5. NAM Annual Totals 2000-09; 6. GAM Income Distribution 2009; 7. NAM Income Distribution 2009; 8. GAM 7 Percent Sectoral Distribution 2009; 9. GAM 15 Percent Sectoral Distribution 2009; 10. NAM 7 Percent Sectoral Distribution 2009; IV. Conclusions and Areas for Further Research; 11. NAM 15 Percent Sectoral Distribution 2009; References. Small business Taxation Iceland. Capital levy Iceland. Income tax Iceland. Petites et moyennes entreprises Impôts Islande. Impôt sur le capital Islande. Impôt sur le revenu Islande. BUSINESS & ECONOMICS Taxation Corporate. bisacsh BUSINESS & ECONOMICS Taxation Small Business. bisacsh Capital levy fast Income tax fast Small business Taxation fast |
| title | Allocating business income between capital and labor under a dual income tax : the case of Iceland / |
| title_auth | Allocating business income between capital and labor under a dual income tax : the case of Iceland / |
| title_exact_search | Allocating business income between capital and labor under a dual income tax : the case of Iceland / |
| title_full | Allocating business income between capital and labor under a dual income tax : the case of Iceland / Thornton Matheson and Pall Kollbeins. |
| title_fullStr | Allocating business income between capital and labor under a dual income tax : the case of Iceland / Thornton Matheson and Pall Kollbeins. |
| title_full_unstemmed | Allocating business income between capital and labor under a dual income tax : the case of Iceland / Thornton Matheson and Pall Kollbeins. |
| title_short | Allocating business income between capital and labor under a dual income tax : |
| title_sort | allocating business income between capital and labor under a dual income tax the case of iceland |
| title_sub | the case of Iceland / |
| topic | Small business Taxation Iceland. Capital levy Iceland. Income tax Iceland. Petites et moyennes entreprises Impôts Islande. Impôt sur le capital Islande. Impôt sur le revenu Islande. BUSINESS & ECONOMICS Taxation Corporate. bisacsh BUSINESS & ECONOMICS Taxation Small Business. bisacsh Capital levy fast Income tax fast Small business Taxation fast |
| topic_facet | Small business Taxation Iceland. Capital levy Iceland. Income tax Iceland. Petites et moyennes entreprises Impôts Islande. Impôt sur le capital Islande. Impôt sur le revenu Islande. BUSINESS & ECONOMICS Taxation Corporate. BUSINESS & ECONOMICS Taxation Small Business. Capital levy Income tax Small business Taxation Iceland |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=516430 |
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