Share-based payments have become a popular form of employee remuneration, largely for its potential to address the agency problem and are especially effective when made to senior employees. Accounting standards require companies to report share-based payments made to employees as expenses in their financial statements, but extant South African tax legislation does not permit a deduction where shares are awarded to serve as incentives for senior employees. This is due to the fact that the courts do not view the issue of a company‟s own shares as “expenditure”. South African tax legislation presently contains a special tax deduction for shares awarded to employees, but this provision‟s low monetary limit and restrictive requirements are considered to be inadequate, where the intention is to provide adequate incentives to senior employees in order to address the agency problem. The objective of this study is to evaluate whether sufficient grounds exist, based on the principles of sound tax policy, for the legislature to enact a special tax deduction for share-based payments, which would serve as an adequate incentive to senior employees. The evaluation found that the current tax position infringes upon several principles of sound tax policy and that an intervention by the legislature is required. / MCom (South African and International Tax), North-West University, Potchefstroom Campus, 2015

Share-based payments have become a popular form of employee remuneration, largely for its potential to address the agency problem and are especially effective when made to senior employees. Accounting standards require companies to report share-based payments made to employees as expenses in their financial statements, but extant South African tax legislation does not permit a deduction where shares are awarded to serve as incentives for senior employees. This is due to the fact that the courts do not view the issue of a company‟s own shares as “expenditure”. South African tax legislation presently contains a special tax deduction for shares awarded to employees, but this provision‟s low monetary limit and restrictive requirements are considered to be inadequate, where the intention is to provide adequate incentives to senior employees in order to address the agency problem. The objective of this study is to evaluate whether sufficient grounds exist, based on the principles of sound tax policy, for the legislature to enact a special tax deduction for share-based payments, which would serve as an adequate incentive to senior employees. The evaluation found that the current tax position infringes upon several principles of sound tax policy and that an intervention by the legislature is required. / MCom (South African and International Tax), North-West University, Potchefstroom Campus, 2015

This thesis consists of four individual essays and an introduction chapter. The essays are in the field of multilevel analysis of economic data. The first essay estimates capitalisation effects of farm attributes, with a particular focus on single farm payments (SFP), into the price of farms. Using a sample of Swedish farm transactions sold all across the country, the results from a spatial multiple-membership model suggests that the local effect of SFP is negative while there is a positive between-region effect of SFP, on farm prices.   The second essay investigates the extent to which differences in the probability to exit from part-time unemployment to a full-time job can be accounted for by spatial contextual factors and individual characteristics. To correctly incorporate contextual effects, a multilevel analysis was applied to explore whether contextual factors account for differences in the probability of transition to full-time employment between individuals with different characteristics. The results indicate that there is a contextual effect and that there are some spatial spill-over effects from neighbouring municipalities.   The third essay investigates the determinants of educational attainment for third-generation immigrants and natives in Sweden. Using a mixed-effects model that includes unobserved family heterogeneity, for linked register data, the main result is that the effect of parent’s educational attainment is mainly due to the between-parental education effect of family income.   The fourth and last essay presents a new robust strategy for performance evaluation in the case of panel data that is based on routinely collected variables or indicators. The suggested strategy applies a cross-classified, mixed-effect model. The strategy is implemented in two illustrative empirical examples, and the robustness is investigated in a Monte Carlo study.

The study was designed to examine the causal relationship between the Venezuelan inflation and the monetarist variables--money supply--and the structuralist variables-- exchange rate and balance of payments. The data (1964-1982) was gathered from the International Financial Statistic Yearbook, 1983 and the Statistical Yearbook, 1974, 1982. Chapter I is an introduction to the research problem. Chapter II does a review of the related literature. Chapter III deals with the methods and procedures for treating the data. Chapter IV presents an statistical analysis of the data. And, Chapter V contains a summary of the study and its findings, conclusions and recommendations. The study only found a significant relationship between inflation and the monetarist variables money supply and GNP, though supporting the monetarist theory. A similar investigation is suggested, but selecting a longer time period, other.variables, and more refined methodologies and analysis.

Financial Arbitrator The legislative introduction of the institute of Financial Arbitrator as the relevant authority for settling out-of-court disputes into Czech law is a relatively new phenomenon, and is related to the interests of consumer protection within the European Union. In particular, the interests of the European Union in this area are to reinforce consumer confidence in the financial market. Given the fact that the majority of consumer disputes are so-called petty disputes, and resolving these disputes before the national courts is too lengthy and costly for consumers, the European Union has placed a duty upon its Member States to introduce the option for consumers, in case of any possible disputes, to be able to turn to the out-of-court dispute settlement authority for assistance in selected areas of the financial market. Any proceedings heard before such authority are free-of-charge and less formalized, thus enabling consumers greater accessibility in protecting their rights against institutions operating in the financial market. The first chapter describes the reasons for the institution of Financial Arbitrator, i.e. it is exactly for the purpose of consumer protection, which should result in increased consumer confidence in the financial market, and the possibility to enforce one's...

The work deals with the structure of the balance of payments, including its compensation process. It also includes an analysis of this statement in the Czech Republic. Given the importance of foreign direct investment in today's economy, which is based on the international division of labor, the work also focuses on the role of FDI in the country.

This thesis deals with global imbalances in the world economy. Chapter one focuses on balance of payments theory, savings and investment. It also specifies global imbalances and presents the most important periods of their development. Chapter two analyses main causes of global imbalances and discusses the relationship between imbalances and current economic crisis. Chapter three describes current development of global imbalances, anticipated development in future and analyses possible solutions at national and international level.

Diploma thesis deals with the Russian external economic balance, particularly with the balance of payments, indebtness and the rubl exchange rate. The first chapter introduces the theory of balance of payments. The second chapter includes a theoretical approach to exchange rate and development of the ruble exchange rate. Furthermore, I focus on the status of current and financial account of Russian balance of payments in the years 2000-2010. The fifth chapter is focused on analysis of Russian indebtness.

The graduation theses "VAT in accousting" deals with a presentation of value added tax in accounting and with a comparing of both of these systems. It includes an analysis of common elements like a subject, object, obligatory filing, accounting and tax documents and a variable of time. Accounting of input and output tax including accounting of final tax liability is described in a practical part. In conclusion I defined a concrete process of accounting of payments on account and credit and debit notes.

Diploma thesis focuses on the development of external economic balance of the Czech Republic in the years 2000-2009. The first chapter introduces the theory of the external economic balance. The second chapter describes the development of balance of payments of the Czech republic in the years 2000-2009. The third chapter analyzes the factors affecting the evolution of the balance of payments of the Czech Republic.