No description available.

The purpose of this study is to analyse low tax jurisdictions as a means of attracting direct foreign investment from a South African point of view. The phenomenon of low tax rates, tax havens and foreign investment have been inextricably linked over years but have gained notoriety since efforts by the Organisation for Economic co-operation and Development (OECD), to harmonise taxation and eliminate unfair tax competition between countries and specifically so with regard to countries classified as tax havens. These efforts have been given further momentum by the recent events known as the worldwide “financial crisis” which have at least partially been blamed on practices followed by tax havens. The phenomenon of low tax rates has been identified as one measure to increase foreign direct investment (FDI) and therefore stimulate the growth of local economies. Low tax rates have been very successfully exploited by countries labeled as tax havens resulting in high economic growth for such countries. It is recognised that South Africa is in need of foreign investment and specifically fixed investment to accelerate growth and solve specific problems like the high levels of unemployment. AFRIKAANS : Die doel van hierdie studie is om ‘n ontleding uit ‘n Suid-Afrikaanse oogpunt te doen van die aanvaarding van ‘n lae koers belastingstelsel soortgelyk aan diè soos gebruik in sogenaamde belastingtoevlugsoorde. Die verskynsel van lae belastingkoerse en buitelandse investering is ‘n bewese feit maar het berugtheid verwerf sedert die pogings van die Organisation for Economic Co-operation and Development (OECD), om belastingkoerse te harmoniseer en onbillike belastingwedywering uit te skakel tussen lande en met spesifieke verwysing na lande geklassifiseer as belastingtoevlugsoorde. Hierdie pogings het verdere momentum verwerf na aanleiding van die gebeure wat bekendheid verwerf het as die wêreldwye finansiële krisis wat ten minste gedeeltelik toegeskryf is aan praktyke gevolg deur belastingtoevlugsoorde. Die praktyk van lae belastingkoerse is geïdentifiseer as een metode om buitelandse investering te stimuleer en sodoende plaaslike ekonomiese goei aan te moedig. Verskeie sogenaamde belastingtoevlugsoorde het sukses behaal deur gebruik te maak van lae belastingkoerse ten einde hoë ekonomiese groeikoerse te bewerkstellig. Suid Afrika het ‘n behoefte aan buitelandse investering en spesifiek vaste investering ten einde plaaslike groei van die ekonomie aan te moedig en sodoende probleme soos hoë werkloosheidsvlakke aan te spreek. / Dissertation (MCom)--University of Pretoria, 2010. / Taxation / unrestricted

Entre 1945 et 2008, le nombre de pays reconnus internationalement a augmenté de 74 à 193 (Spolaore, 2008). Plus récemment, plusieurs pays ont vécu une vague croissante de décentralisation. Dans les pays de l’OCDE, par exemple, le nombre de gouvernements infranationaux a atteint 140 000 en 2014. De plus, ces gouvernements infranationaux ont une influence croissante dans ces pays (OCDE, 2014). Compte tenu de ces tendances vers une décentralisation croissante, cette thèse étudie deux aspects de celle-ci : la concurrence fiscale, et le choix endogène des frontières. En matière de concurrence fiscale, cette thèse étudie la mise aux enchères de nouveaux investissements par une firme à plusieurs établissements. Le but de cette analyse est d’étudier le comportement stratégique de la firme dans ce type de concurrence. En effet, contrairement à la littérature déjà existante qui ne considère que des firmes qui ne produisent qu’en un endroit, le premier chapitre de thèse montre que la firme peut modifier l’allocation de ses investissements en les différenciant, pour attirer des subsides plus élevés. Dans le deuxième chapitre, la thèse étudie comment l’ajout de coûts en infrastructure pour les régions avant la mise aux enchères affecte la concurrence entre les régions ainsi que le comportement de la firme. En matière de choix endogène des frontières, cette thèse fournit deux analyses: une empirique, et une expérimentale. Dans le troisième chapitre, la thèse étudie la décision d’électeurs dans 213 villes du Québec de quitter une fusion municipale qui leur fût imposée quelques années auparavant. L’analyse révèle que les électeurs choisissent de faire sécession d’autant plus quand les différences de revenus et de langue entre leur ville et les autres villes dans la même fusion sont plus élevées. L’analyse révèle aussi que ces deux facteurs ne sont pas indépendants. En effet, les différences de revenus ont un effet plus prononcé sur le vote sécessionniste lorsque les différences de langue sont aussi élevées. Étant donné l’importance de la langue comme groupe ethno-linguistique au Québec, les résultats de ce chapitre suggèrent que le choix des électeurs est sensible aux différences ethniques, et non seulement à des différences de goût pour les biens publics, comme suggéré par Alesina, Baqir et Hoxby (2004). Finalement, le dernier chapitre présente les résultats d’un expérience en laboratoire sur le lien entre décentralisation et sécession. La littérature sur le sujet suggère l’existence de deux effets contradictoires. La décentralisation pourrait permettre de contrer les mouvements de sécession en permettant aux régions de prendre plus de décisions à un niveau local, mais pourrait aussi fournir des ressources supplémentaires aux mouvements sécessionnistes, ce qui renforcerait les tendances vers la séparation. Les résultats de l’expérience montre que l’effet total de la décentralisation est de diminuer la probabilité de votes pour la sécession. / Between 1945 and 2008, the number of internationally-recognised countries grew from 74 to 193 (Spolaore, 2008). More recently, many countries experienced increasing decentralisation. In OECD countries, for example, the number of sub-national governments reached 140,000 in 2014. Moreover, these sub-national governments have an increasing influence in these countries (OECD, 2014). Given these trends towards an increasing decentralisation, this thesis studies two aspects of it: fiscal competition, and the endogenous choice of borders. In terms of fiscal competition, this thesis studies the competition between regional governments to attract one of a firm's new plants. The goal of this analysis is to study the strategic behaviour of the firm in such competitions or location contests. Indeed, in contrast to the existing literature on the subject that considers only firms producing in a single location, the first chapter of this thesis shows that the firm can modify its allocation of production across sites by differentiating the plants, thus attracting larger subsidies. In the second chapter, this thesis studies how the addition of prior investment in infrastructure by the regions before the location contest affects both the competition between the regions, and the behaviour of the firm. In terms of endogenous border choice, this thesis provides two analyses: one empirical and one experimental. In the third chapter, this thesis studies the decision of voters in 213 cities of Quebec to secede from a municipal merger that was imposed to them a few years earlier. The analysis reveals that voters choose secession more when the language and income differences between their own town and the other towns in the same merger are larger. The analysis also reveals that these two effects are not independent. Indeed, income differences have a larger effect when language differences are also large. Given the importance of language differences in the formation of ethnic groups in Quebec, these results suggest that the choice of voters is sensitive to ethnic differences, and not only to differences in preferences for public goods, as suggested by Alesina, Baqir, and Hoxby (2004). Finally, the last chapter presents the results of a laboratory experiment on the relationship between decentralisation and secession. The literature on the subject suggests the existence of two opposite effects. Decentralisation could quell secessionist movements by giving regions more liberty to take their own public goods decisions, but could also provide additional ressources to secessionist movements, which would reinforce secessionist movements. The results of the experiment show that the total effect of decentralisation is to decrease to probability of votes for secession.

The subject of sanctions and remedies against corporate officers for breaches of the provisions in the Corporations Law is an area of the law which has been largely neglected by the legislature. Although there have been several legislative reforms on remedies since the Corporations Law came into force, those reforms were ad hoc in nature and no attempt has been made to carry out a comprehensive review to assess the effectiveness of the existing sanctions and remedies in context of the needs of contemporary society. In consequence, there is increasing concern that the remedies employed in Australia for breaches of the Corporations Law are inadequate, inconsistent, out-dated and are confined within a narrow range. This thesis seeks to evaluate the current package of sanctions and remedies provided under Part 3.2 of the Corporations Law. As part of this exercise, comparative studies are made with the remedies of other jurisdictions. The provisions for sanctions in Part 3.2 are measured against parallel provisions in the Crimes Act of the Commonwealth and of New South Wales and Victoria. They are also measured against corresponding provisions in selected foreign jurisdictions. A further comparison is made between the traditional civil remedies under the common law and those in the Corporations Law. The evaluation of the sanctioning regime in Part 3.2 is made against the criteria appropriateness, adequacy, consistency and accessibility. This thesis discusses the need for a complete re-assessment of the penalty structure to bring the remedies in line with community expectations.

This paper describes the administrative powers of local jurisdictions in Georgia, emphasizing on the tax competences and the abilities to mobilize other sources of income. Having listed and explained the types of revenues and incomes, the articles continues to show their distribution among administrative levels according to the current tax code. Following a brief overview of the main laws underlying tax regulation, the existing problems of the status quo before 2007 and some perspectives for the immediate future are outlined.

There have been studies on the role of land use planning and development regulations on hazard mitigation and the importance of including these in effective mitigation planning initiatives. However, little empirical research has examined how the local capacity and commitment affect the adoption and implementation of land use and development regulations to mitigate any type of hazards in the coastal areas. This study investigates hazard mitigation policies and practices at municipal and county level in the Texas coastal area and examines the influence of capacity and commitment for the adoption and implementation of these hazard mitigation strategies and actions. The data utilized in this survey were collected as part of a web-based survey. Responses were solicited from 267 local jurisdictions that consist of 226 cities and 41 counties. The survey was targeted to leading planner, or mayor/city manager and county judges. In total 124 responses were obtained, yielding an overall response rate of 46%. Study results show that local jurisdictions are employing a very limited a set of land use and development regulations that the literature has identified as important for hazard mitigation. There are considerable differences between municipalities and counties in the implementation of those policies. Municipalities tend to put more effort in employing building standards and development regulations, whereas counties more extensively employ information dissemination and private-public sector initiatives. In addition, statistical models are developed to assess the influence of local capacity and commitment on the adoption and implementation of hazard mitigation policies and strategies. Other factors such as jurisdiction type and location, hazard experience and exposure as well as population characteristics, are also examined in multivariate models. Results suggest that capacity and commitment of local jurisdictions have significant effects on the adoption and implementation hazard mitigation policies and strategies. Additionally, factor such as floodplain area, jurisdiction type municipality, and hazard experience have strong associated with implementation of hazard mitigation policies and strategies.

Controlled foreign company (CFC) rules are anti-avoidance provisions designed to deter taxpayers from shifting their capital (and resultant income) to low-tax jurisdictions. Adoption of these rules in South Africa coincided with the relaxation of exchange control laws which opened up borders to inward and outward capital flows. South Africa's CFC regime has been amended over the years to become one of the most sophisticated amongst the G20 and aligned with the Organisation for Economic Co-operation and Development's (OECD) Action 3 recommendations (per the OECD's Base Erosion and Profit Shifting Action Project). Abusive profit-shifting tactics committed by multinational enterprises (MNEs) have caused the OECD to recommend that CFC rules be strengthened globally to combat this behaviour. However, in the United States and the United Kingdom, recent reforms appear to have weakened these countries' CFC (or CFC-equivalent) legislation, countering the OECD's recommendations. Such manoeuvres improve the profitability of these nations' MNEs by allowing their tax bills to remain lower than their international competitors'. As such, there is a danger of starting a race to the corporate tax-rate bottom where developing nations will be the losers, considering their greater reliance on corporate tax revenues than their developed counterparts. India and Brazil, both developing nations and BRICS members like South Africa, also aren't prioritising the strengthening of their CFC regulations – their focus is rather on improving transfer pricing (TP) legislation and enforcement to combat the damaging effects MNEs' avoidance practices are having on tax revenue collections in those countries. The existence of South Africa's advanced CFC legislation amongst a global trend of a weakening in, or the non-adoption of, CFC rules may hinder the competitiveness of South African MNEs. The current CFC regime could thus serve the purpose of stifling growth and foreign direct investment, instead of only deterring profitshifting behaviour. TP legislation targeted at MNEs (the biggest profit-shifting culprits) may yield the most effective anti-avoidance results. South Africa's recently enhanced TP reporting requirements are key to solving the offshore profit-shifting puzzle, as these reports will reveal information about an MNE's global operations and resultant profit-shifting activities. In addition, the revision to the TP arm's length principle to align compensation and value creation, will see profit-shifting MNEs bear the tax they were trying to avoid. It appears that the anti-avoidance purpose embodied within CFC regulations overlaps with the anti-avoidance mechanisms that these enhanced TP rules are designed to achieve. Thus, in a South African context, the most efficient way to curb tax avoidance may be to rely on TP, rather than CFC, legislation. As such, it is recommended that South Africa's CFC regulations be repealed.

A doutrina internacional costuma conceituar o \"forum shopping\" como a escolha da jurisdição mais favorável ao demandante, nas hipóteses em que haja competências internacionais concorrentes. Toda uma série de fenômenos trazidos com a globalização (sejam eles políticos, sociais ou econômicos) repercute concretamente no direito internacional privado, ampliando as possibilidades de litígios em escala mundial, e trazendo consigo diversas inquietações. O exercício dessa mesma opção em jurisdições estrangeiras, ao longo do tempo, tem levado a doutrina e a jurisprudência internacional a qualificar o forum shopping quer como um abuso do direito processual quer como um direito potestativo legítimo do demandante. A proposta deste trabalho é a análise do fenômeno no âmbito do direito internacional privado, com enfoque nos efeitos de ordem material e processual que refletem nos conflitos instaurados no Brasil e no estrangeiro, analisando-se casos de repercussão internacional. / The international doctrine usually conceptualizes forum shopping as the choice of jurisdiction more favorable to the plaintiff, in the hypothesis where there is international concurrent jurisdictions. A whole series of phenomena brought with the globalization (whether political, social or economic) reverberate concretely in the private international law, expanding the possibilities of disputes in a worldwide scale, bringing with itself several concerns. The exercise of such option in foreign jurisdictions, through out the time, has led the international doctrine and jurisprudence to qualify the forum shopping either as an abuse of procedural right either as a legitimate potestative right of the plaintiff. The purpose of this work is the analysis of the phenomenon in the context of private international law, focusing on the effects of substantive and procedural order that reflect in the conflicts filed in Brazil and in abroad, analyzing the cases of international repercussions.

The subject of the conflict of laws and arbitration in intellectual property rights is a complicated topic to research, because the normal rules of private international law and arbitration can be affected by the special characteristics of patents and trademarks. Some rules of these subjects might need to be reformed and in some cases there are principles that should be created to successfully handle cross-border disputes concerning patents and trademarks. Establishment of a special court with supranational jurisdiction may be required to resolve these types of disputes. Recently, this subject has been given enormous attention around the world. While the academics, legislators and forums in developed states have broadly discussed the subject of conflict of laws and arbitration in intellectual property rights, in Saudi Arabia, it has not been given noticeable attention. This thesis intends to make a significant contribution to Saudi law and provide appropriate approaches on the subject of conflict of laws and arbitration in intellectual property rights. The topics which will be covered in this thesis are the rules of international jurisdiction, the rules of choice of law, the rules for enforcement of foreign judgments and the rules of arbitration. The modification and the enhancement of the rules of private international law and arbitration established in Saudi law will be recommended and the arguments for each suggested approach will be presented.

La thèse propose d'abolir, pour les besoins du droit international privé, les différents cloisonnements de la phase précontractuelle en retenant une approche unitaire du processus de formation du contrat. Dans cette perspective, il est proposé de dépasser la distinction entre les relations précontractuelles informelles et celles qui sont formalisées par un contrat préparatoire, de même que la distinction entre la phase précontractuelle et le contrat définitif. L'attraction du contrat projeté conduit à emprunter le rattachement de ce dernier pour désigner la loi applicable aux relations précontractuelles. Cette solution pourrait, dans la mesure du possible, être transposée dans le domaine des conflits de juridictions en retenant la compétence du juge du contrat projeté. / The doctoral dissertation proposes to abolish, for the purpose of private international law, the compartmentalisation of the pre-contractual phase by adopting a unitary approach to the contract formation process. In this perspective, it is proposed to overcome the distinction between unformal pre-contractual relations and pre-contractual relations formalized by a preparatory contract, as well as the distinction between the pre-contractual phase and the final contract. The attraction of the intended contract leads to use its connecting factor in order to determine the law applicable to pre-contractual relations. This option could, whenever possible, be extended to conflicts of jurisdictions by considering that the competent judge is the judge of the intended contract.