| Description |
1 online resource (27 pages) : color illustrations |
| Series |
IMF working paper ; WP/12/263 |
|
IMF working paper ; WP/12/263.
|
| 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 |
| Summary |
"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 |
| Notes |
Title from PDF title page (IMF Web site, viewed Nov. 20, 2012) |
|
"Fiscal Affairs Department"--Page 2 of pdf |
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"November 2012"--Page 2 of pdf |
| Bibliography |
Includes bibliographical references (page 26) |
| Subject |
Small business -- Taxation -- Iceland
|
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Capital levy -- Iceland
|
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Income tax -- Iceland
|
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BUSINESS & ECONOMICS -- Taxation -- Corporate.
|
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BUSINESS & ECONOMICS -- Taxation -- Small Business.
|
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Capital levy
|
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Income tax
|
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Small business -- Taxation
|
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Iceland
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| Form |
Electronic book
|
| Author |
Kollbeins, Pall, author.
|
|
International Monetary Fund. Fiscal Affairs Department, issuing body.
|
| ISBN |
9781475521245 |
|
1475521243 |
|
