Esteban Rossi-Hansberg said that informality exists because there is an
explicit tax involved in formalizing an operation tax contributions and addition al labor costs--and an implicit one, so long as the informal companies are not punished for not complying with tax and business obligations.
Where the federal tax law provides
explicit tax elections (e.
However, these four technical issues--difficulty with costing these deviations, the risk of perceived criticism, the unclear boundaries of the benchmark, and the difficulty in identifying possible objectives for the implicit expenditures--may also apply to
explicit tax expenditures.
That is in addition to
explicit tax hikes on income, capital gains, and dividends, the implicit ones on energy via cap-and-trade, and so forth.
The cost to taxpayers of an
explicit tax extends far beyond the dollars remitted to the taxing authority.
The identification of the disguised head tax is persuasive, and it is almost certainly true that lawmakers designing an
explicit tax to finance health care for the uninsured would not have chosen a head tax.
4) Some readers might prefer to classify tax avoidance as an implicit tax rather than as a nonpecuniary
explicit tax.
It happens that the R&D account gets
explicit tax treatment, so it's easier there to sketch the adverse consequence of neglect of asset stewardship.
A property settlement without
explicit tax language, however, may not suffice to create a nonalimony designation.
j] is the MTR from the
explicit tax on labor income.
2002) define an investment's
explicit tax rate as the difference between its expected pre-tax and after-tax returns, divided by the expected pre-tax return to a "benchmark" investment that is not tax-favored.
Criminal records provide a counter-chronicle for Cohn, but their mixed reports of robbery, murder, and collective mayhem muddle the inrentionality of these events as
explicit tax revolts.
