Incentive theory 2 Sample Clauses

Incentive theory 2. Incentives and Information Exchange in International Taxation- Keen & Ligthart (2006a): 54
Sample 1
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Incentive theory 2. Incentives and Information Exchange in International Taxation- Keen & Ligthart (2006a): The assumptions; The authors assume that the world consists of two countries. Further, the two countries are assumed to be asymmetric with respect to geographical size and the number of inhabitants. It is also assumed that the residents of each country have one unit of savings to invest. The authors treat the before tax return as fixed and equal for the two countries. Whether or not to make a foreign investment is assumed to depend on transaction costs as well as the tax savings included in investing abroad. Both countries are assumed to be able to keep track of all investments made domestically. It is also assumed that the contracting parties are allowed to exchange information and levy withholding taxes at the same time. The countries are also able to share the revenues from information exchange. Last, the authors assume information exchange to be costless. The conclusions; Based on the assumptions and the main variables, the authors gain insights regarding the feasibility of both the contracting parties preferring information exchange at the same time. The most important results for the purpose of this paper will be described in the following. The authors show that both contracting parties will be indifferent to information exchange compared to simple withholding given that all income from the information exchange is transferred to the source country. Simple withholding may in this situation be understood as a scenario where all income obtained from non-resident withholding taxes remains in the source country. Second, the authors claim that the large country prefers information exchange relative to simple withholding, regardless of how the income from the information exchange is distributed. For the smallest contracting party, information exchange Discussion of the model; Since the small countries dealt with in this paper are tax xxxxxx, it is possible that this theoretical framework fails to address the right issues when determining whether incentives are present.
Sample 1

Related to Incentive theory 2

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  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Incentive Programs During the Term of Employment, the ------------------ Executive shall be entitled to participate in any annual and long-term incentive programs adopted by the Company and which cover employees in positions comparable to that of the Executive.

  • Long-Term Incentive Program During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner consistent with his position with the Company.

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  • Bonus Opportunity The Company shall offer each year an incentive bonus compensation plan. Such plan will include an annual bonus target amount equal to at least 50% of the Executive’s annual base salary and shall contain such additional terms as determined by the Chief Executive Officer. The amount of any bonus payable to Executive in any year shall be based upon performance targets established in advance under the bonus plan and Executive’s achievement of such performance criteria.

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