General anti-abuse rule. Economic aspects

Authors

  • Janusz Kudła

DOI:

https://doi.org/10.33119/ASCASP.2017.1.2

Keywords:

general anti-abuse, rule, tax avoidance, economic analysis of the law

Abstract

The article reviews the economic literature about general anti-avoidance rule (GAAR). In particular it pinpoints such issues as: the reasonability of standard-based approach against the rules-based approach in anti–avoidance regulation, the role of the legal system in which the clause is used and the weaknesses associated with the application of the clause in practice. In subsequent part, the results of a limited number of quantitative studies are presented with special focus on: the choice of court premises in assessing the merits of the GAAR and the impact of such regulation on foreign investment and the formation of subsidiaries in other countries. The final part concludes with an analysis of factors conducive to the introduction of the GAAR in a tax system.

References

Kaplow L., Rules versus Standards: an Economic Analysis, “Duke Law Journal” 1992, vol. 42.

Kudła J., Ekonomia opodatkowania międzynarodowego, Difin, Katowice 2013.

Kudła J., Ekonomiczne problemy kosztów opodatko¬wania i nielegalnego unikania podatków, Wydawnictwo Uniwersytetu Warszawskiego, Warsza¬wa 2004.

Mittal S., Kumar S., Agarwal P., Kumar M., Impact of GAAR on Indian equity market: An empirical study, “CLEAR International Journal of Research in Commerce & Management” 2013, vol. 4.

Schanz, D., Dinkel, A., Keller, S., Tax attractiveness and the location of German-controlled subsidiaries, “Review of Managerial Science” 2017, vol. 11.

Sorbe S., Johansson A., International tax planning and fixed investment, Economics Departments Working Papers 2017, no. 1361.

Trades Union Congress, New anti-tax abuse rule will allow 99 per cent of tax avoidance to continue, says the TUC, www.tuc.org.uk/economic-issues/tax/newanti-tax-abuse-rule-will-allow-99-cent-tax-avoidance-continue-says-tuc. Trades Union Congress, The Deficiencies in the General Anti- Abuse Rule, www.tuc.org.uk/sites/default/files/GAAR.pdf.

Księgowość Infor, na podstawie danych Ministerstwa Finansów http://ksiegowosc.infor.pl/podatki/urzad-skarbowy/najczestsze-problemy/702876,Klauzula-generalna-przeciwko-unikaniu-opodatkowania.html.

Whait R., Whittenburg G., Horowitz I., The world according to GAAR, “Australian Tax Forum” 2012, vol. 27.

Downloads

Published

2017-06-26

How to Cite

[1]
Kudła, J. 2017. General anti-abuse rule. Economic aspects. Analysis and Studies CASP. 3, 1 (Jun. 2017), 23–32. DOI:https://doi.org/10.33119/ASCASP.2017.1.2.

Issue

Vol. 3 No. 1 (2017): Analyses and Studies of CASP

Section

Articles

License

Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal. All authors agree for publishing their email adresses, affiliations and short bio statements with their articles during the submission process.

Author agrees to share his work under CC-BY-NC license.