Search results for "tax credit"
showing 10 items of 20 documents
Five-years-long effects of the Italian policies for photovoltaics on the energy demand coverage of grid-connected PV systems installed in urban conte…
2016
Abstract The paper examines the responsiveness of the electricity demand coverage in urban contexts to the changes in the Italian policies for PV systems. The morphological configuration of building roofs according to the number of covered flats, annual data of PV generation and electricity consumptions were considered in the transition from the feed-in tariff (FIT) mechanism to the tax credits scheme currently in force. With the aim of assessing the changes over time in three representative cities, the fluctuations both in the premiums for the produced electricity and the tax credits applied to the PV system costs were observed from July 2010 to February 2016. Furthermore, the main time-va…
Value added taxes on electronic commerce: Obstacles to the EU Commission’s approach
2000
While e-commerce is developing tremendously fast, domestic politics and legislation labour to keep up with the dynamics of the new technology. Among other things, fiscal law is a particularly explosive area. Here, the current proposal of the EU Commission is to apply the already existing value added tax to e-commerce. By doing so, the Commission hopes to prevent the massive threatened shortfall in tax revenue. How is this approach of the Commission to be judged? Are there any alternatives?
School-to-Work Transition of Engineering graduates and PhDs in France: which consequences from a new tax credit for employers who hire young PhD grad…
2018
International audience; French governments have taken many initiatives towards strengthening the employability of PhD graduates in the private sector. The "Young Doctors Program" (DJD) was introduced in 1999 in order to encourage R&D employers to hire recent PhD graduates by atargeted measure of the Research Tax Credit. Since 2008, it has provided a substantial cost reduction if firms recruit recent PhD graduates. Our research seeks to address the positive impact of this program by examining the consequences such cost reduction have on the beginning of the careers of PhDs and graduates in engineering. Data from two national follow-up surveys conducted in 2007 and 2013 are analyzed to determ…
The Recent Change in the Italian Policies for Photovoltaics: Effects on the Energy Demand Coverage of Grid-Connected PV Systems Installed in Urban Co…
2016
In July 2013, the Italian photovoltaic (PV) support policies changed the feed-in tariff (FIT) mechanism and turned to a tax credits program, which is currently in force. The aim of this paper is to investigate how such a radical change has influenced the electricity demand coverage of the PV systems installed in urban contexts. A methodology, which connects the economic assessment to a detailed architectural and energy suitability analysis, was applied to some case studies to analyse the relationships between the physical parameters related to multi-storey buildings (roof shapes, number of floors and area of flats) and the most relevant economic and financial features affecting the viabilit…
In-Work Benefits for Married Couples: An Ex-Ante Evaluation of EITC and WTC Policies in Italy
2012
This paper investigates labor supply and redistributive effects of in-work benefits for Italian married couples using a tax-benefit microsimulation model and a multi-sectoral discrete choice model of labor supply. We consider in-work benefits based on the Earned Income Tax Credit (EITC) and the Working Tax Credit (WTC) existing in the US and the UK, respectively. The standard design of these income support mechanisms is however augmented with a premium for two-earner households to avoid potential disincentive effects on secondary earners. Revenue neutral policy simulations show that our reforms may greatly improve the current Italian tax-benefit system in terms of both incentive and redistr…
Tax evasion, tax progression, and efficiency wages
2004
Abstract More progressive taxes raise employment in imperfect labour markets. However, this prediction is not robust. For example, any employment effect vanishes in a constant profit efficiency wage economy. It is demonstrated that tax evasion opportunities can re-establish positive employment effects of higher tax progression.
Corporate hedging under a resource rent tax regime
2010
Accepted version of an article in the journal: Energy Economics. Published version available on Science Direct: http://dx.doi.org/10.1016/j.eneco.2009.10.009 In addition to the ordinary corporate income tax, special purpose taxes are sometimes levied to extract abnormal profits arising from the use of natural resources. Such dual tax regimes exist in Norway for oil and hydropower, where the corresponding special purpose tax bases are unaffected by any derivatives payments. Dual tax firms with hedging programs therefore face the risk of potentially large discrepancies between the tax bases for corporate income tax and special purpose tax. I investigate how this tax base asymmetry influences …
Tax Liability and Tax Evasion in a Competitive Labor Market
2005
In a competitive labor market, a change in the legal incidence of a tax on labor will not alter employment if tax obligations are fulfilled. However, this irrelevance result may no longer apply if taxes can be evaded. In particular, a shift from payroll to income taxes will lower employment. This will be the case if workers exhibit constant absolute risk aversion, have a utility function, which is strongly separable in income and the disutility from working, and the penalty for evasion is not proportional to the amount of taxes evaded. Accordingly, tax evasion opportunities can make the legal incidence of a tax on labor an important determinant of its economic incidence.
Six-years-long effects of the Italian policies for photovoltaics on the grid parity of grid-connected photovoltaic systems installed in urban contexts
2017
Abstract The purpose of this study is investigating the grid parity (GP) time and the levelized cost of energy (LCOE) of grid-connected photovoltaic (PV) systems installed in densely urbanized contexts. The analysis, which was elaborated for three Italian cities, considered the effects of the promoting policies enacted by the Italian government from June 2010 to May 2016. An appropriate methodology was applied with the aim of realistically defining the energy produced by PV systems installed on buildings with different roof types and number of floors. The calculus of the disbursements considered the operating, maintenance and insurance costs and the wear of PV panels and inverters. The resu…
Perspectives of tax reforms in Croatia: expert opinion survey
2014
In order to shape tax reform it is necessary objectively to assess the current stateof-the- art of and of the outlook for the tax system. After having reviewed all previous reforms in the light of the consumption-based (interest- adjusted) concept of direct taxation, which was almost systematically implemented in Croatia in 1994, we present the results of a broad expert opinion survey about the Croatian tax system. The most interesting results suggest the maintenance/(re)introduction of different tax incentives and reduced VAT rates, rejection of a flat tax as well as decrease of tax brackets, an increase in alcohol and tobacco duties, the introduction of a financial activities tax, a furth…