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29 records from EconBiz based on author Name
1. Income Splitting and Anti-Avoidance Legislation : Evidence from the Canadian 'Kiddie Tax'
abstractWe examine whether “kiddie tax” legislation in Canada, effective as of 2000, deters income splitting between parents and minor children by taxing at the top marginal rate certain types of non-labour income received by children. OLS estimates based on cross-province and time-series data reveal that the share of dividend income reported by children aged 19 and under declines by 86% after the introduction of this anti-avoidance rule. The estimates also reveal that the share of capital gains (income not covered by the legislation) reported by minor children increases by 70% in the post-legislation period, suggesting that parents are switching to an alternative income splitting technique. However, the latter percentage effect is on a small base, and thus the decrease in dividend income is much larger than the increase in capital gains income. Hence, our analysis suggests that the “kiddie tax” is an effective method to deter income splitting
Bauer, Andrew M.; Macnaughton, Alan; Sen, Anindya;2015
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2. Income splitting and anti-avoidance legislation : evidence from the Canadian "kiddie tax"
Bauer, Andrew M.; Macnaughton, Alan; Sen, Anindya;2015
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link
Citations: 2 (based on OpenCitations)
3. National Report Canada
abstractInterestingly, Canada has had relatively little recent experience with anything like the heated concerns expressed in American and EU tax policy circles regarding excessive compliance costs of corporate income taxes. The lack of debate regarding compliance costs cannot be attributed to a lackadaisical or uncritically accepting attitude toward personal and corporate income tax policy in Canada. On the contrary, there are issues in Canadian tax policy circles that are widely considered to be troubling. However, compliance costs are not one of our most contentious concerns. The conspicuous lack of heated debate relating to compliance costs can probably be attributed to early successes in fashioning an income tax system that has a relatively low overhead associated with compliance. Because of the perceived effectiveness of the Canadian system on the compliance cost front, those individuals in the EU who are interested in formulary apportionment of corporate income might well wish to examine the Canadian experience in more detail. This paper provides an outline of what is known about the compliance costs associated with Canadian tax collection
Alarie, Benjamin; Macnaughton, Alan;2008
Availability: Link
4. Budgetary accounting and transparency: lessons from private-sector experience
Macnaughton, Alan;2004
5. Curtailing Income Tax Relief for Cosmetic Medical Expenses
abstractThis article is a comprehensive legal and policy review of an amendment introduced in the 2010 Canadian federal budget to exclude cosmetic medical expenses from the medical expense tax credit. The analysis is guided by knowledge relevant to these expenses from the fields of medicine and the social sciences.The budget amendment is shown to be well justified in tax policy terms, despite the increased complexity it brings. A review of experience with similar rules in the United States, Australia, and Quebec suggests that few disputes with taxpayers should be expected if the enforcement level is similar to that in those jurisdictions.The wording of the legislation (new subsection 118.2(2.1)) provides taxpayers with two separate avenues for avoiding the exclusion of cosmetic medical expenses: (1) the service for which the expense is paid is “necessary for medical or reconstructive purposes,” or (2) it is not “purely for cosmetic purposes.” Both of these exceptions may be subject to expansive interpretation by taxpayers.The medical necessity exception is likely to be used extensively by taxpayers who obtain cosmetic medical treatment in order to alleviate appearance-related psychological distress. In light of the limited scientific evidence that cosmetic procedures are therapeutic for this problem, it might be desirable to legislate that this exception will be limited to distress related to gender identity disorder.The second exception could potentially apply to almost any expenditure for cosmetic dentistry (which currently represents about one-fifth of all cosmetic medical expenses). Other jurisdictions have had a similar problem in this area. Filling this gap in the rules is difficult and would likely require removing the requirement that expenses be “purely” cosmetic to be caught. Detailed guidance from the Canada Revenue Agency would also be required
Chu, Ling; Macnaughton, Alan; Verlinden, Nicole;2011
6. Curtailing Income Tax Relief for Cosmetic Medical Expenses
Chu, Ling; Macnaughton, Alan; Verlinden, Nicole;2010
7. Tipping and the McQuatters formula
Macnaughton, Alan; Veall, Michael R.;2001
Type: Aufsatz in Zeitschrift; Article in journal;
8. Taxation - New tax savings opportunity: The $5,000 limit to tax-free savings accounts may be higher for contributions of employee stock option plans
Macnaughton, Alan; Mawani, Amin;2009
9. Taxation - New tax savings opportunity: The $5,000 limit to tax-free savings accounts may be higher for contributions of employee stock option plans
Macnaughton, Alan; Mawani, Amin;2009
10. Discussion of Economic foundations of valuation discounts
Macnaughton, Alan; Sansing, Richard C.;1999
Type: Aufsatz in Zeitschrift; Article in journal;
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