Search results for "Fiscal"

Intergovernmental Fiscal Relations: The Efficiency Effect of Taxes, Transfers, and Fiscal Illusion

2012

The purpose of this paper is to evaluate the efficiency cost of transfers. To this end, we develop a model of individual demand decisions about the provision of a regional public good that encompasses a continuum of tax–transfer scenarios to finance regional public expenditure. We assume that individuals have identical quasi-linear preferences defined over private consumption and the regional public good, that endowment income varies between individuals and regions, and that regions have different predetermined sizes. In an economy-wide resource constrained framework we show that, despite its simplicity, this model is capable of discriminating the efficiency properties of the different scen…

Tribunal compétent pour connaître d'un litige fiscal dans le cadre d'une procédure de redressement ou de liquidation judiciaire

2004

International audience; (T. confl., 26 mai 2003, n° 3354, conflit sur renvoi du TA Rouen, M. et Mme Chorro c/ Directeur des services fiscaux de la Seine Maritime, D. 2003.2010 ; CA Paris, 3e ch. C, 6 juin 2003, Receveur principal des impôts de Corbeil-Essonnes c/ Sté Rémi Bastien)

Keeping Public Debt Sustainable in an Equitable Way

2022

The COVID-19 pandemic has claimed over 5 million lives thus far. This grim figure would have been higher still without the strong and timely fiscal support provided by governments around the globe, including support for health sector and the development and deployment of vaccines. The IMF has noted that “in 2020, fiscal policy proved its worth. The increasing public debt in 2020 was fully justified by the need to respond to COVID 19 and its economic, social, and financial consequences” (Gaspar, 2021). How to keep debt sustainable is becoming a policy imperative, made all the more challenging by the lingering effects of the pandemic, particularly on low-income groups. In this article we summ…

Testing for public debt sustainability using band spectrum regression analysis "

2014

In this note we focus on the response of the primary surplus to debt (ratios to GDP)over a low frequency band (associated with cycles with period between eight and sixteen years) to filter out business cycle effects. For this purpose, we use band spectrum regression, using both the Fourier Transform and the Discrete Wavelet transform, fitted to pooled panel dataset of 18 EMU countries. The empirical findings give evidence of fiscal fatigue within Eurozone:the response of primary surplus to debt will decrease over a finite debt limit.

Political determinants of the fiscal sustainability: evidence from six individual developed countries.

2007

This paper aims at assessing the fiscal sustainability and its political determinants in six countries, namely France, Germany, Greece, Italy, the United Kingdom, the United States. First, using the recent sustainability approach of Bohn (1998) based on fiscal reaction function, econometric findings using OLS reveal a positive response of the primary surplus to changes in debt in several countries. In other words, fiscal policy is sustainable in France, Italy, the United Kingdom, the United States, but not in Germany and Greece. Second, by introducing political dummy variables, we test the electoral budget cycle, the partisan cycle and the government coalition theories. We find the presence…

The Advisable Coordination of the Autonomic Environmental Taxation as Reluctance to the Development of Fiscal Federalism

2013

Approval of the “Ley Organica 3/2009” of the 18th of December and modification of the “Ley Organica 8/1980” of the 22nd of September, which concern the financing of the autonomic regions (LOFCA), reforms the regulation of the exercise of the financial system of the autonomic communities, modifying the article 6.3 LOFCA.

Expenditure on public services in the countries of the European Union. Determinants of fiscal policy and public governance

2018

The aim of the article is to present the General Government expenditure on public services in the European Union countries, including selected aspects of fiscal policy and public governance. In order to achieve this aim, the varius research methods are used. The data used in the study comes from the following databases: Eurostat, OECD, PORDATA. The survey covers the period of 2007–2016. We note that expenditure on public services is an important determinant of fiscal policy and public governance. The originality of the analysis presented in the article is intended to emphasize the importance of GG spending on public services such as health and education spending in the socio-economic develo…

La ley del Oeste

2003

Trésor public. Avis à tiers détenteur, Loi du 9 juillet 1991 portant réforme des procédures civiles d'exécution

1993

International audience

Un avis à tiers détenteur antérieur au jugement d'ouverture et portant sur une créance à exécution successive produit ses effets sur les sommes échue…

2004

International audience; (Com. 8 juill. 2003, Savenier c/ Receveur principal des impôts de Neuilly-sur-Marne, pourvoi n° 00-13.309, arrêt n° 1146 FS-P+B, D. 2003, AJ p. 2094, obs. A. Lienhard ; Com. 5 nov. 2003, Sté Mizon-Thoux c/ Banque Nationale de Paris, pourvoi n° 99-20.223, arrêt n° 1484 FS-P+B, D. 2003, AJ p. 2964 et les obs.)