Accounting GAAPs and Accounting Treatments for Management of Property: Case Studies from Greek Real Estate Market

Liapis, Konstantinos; Galanos, Christos

doi:10.35808/ersj/292

Cited by 4 publications

(1 citation statement)

References 9 publications

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“…In a previous research (Liapis and Politis, 2018) we try to investigate the existence of Laffer economic effect in property taxation, where we found that the revenue from the property income have a maximizing point and then start to decline when the taxation rate is escalating. On the other hand, property tax had a more straightforward relation with tax rates (Liapis and Galanos, 2010). This paper investigates the relationship between tax rates and the relevant tax revenues in the field of personal income taxation, corporate income taxation and taxation of dividends in the majority of OECD economies for the period 2000-2016.…”

Section: Introductionmentioning

confidence: 99%

Investigating the Relationship between Tax Revenues and Tax Ratios: An Empirical Research for Selected OECD Countries

Kostantinos¹,

Evangelos²,

Ntertsou³

et al. 2020

IJEBA

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Purpose: Effective tax rates can have dual effect in the economic policy of a country by maintaining the state revenues in sustainable levels providing a safe net for the economic development. If taxation struggles the economy, there should be a turning point were the results of high tax rates do not have the expected results on the state revenue. The parabolic relation of Laffer curve is tested on a data set of different OECD countries. Design/Approach/Methodology: Three different functions have been selected to test the Laffer curve starting from the fact that the relation of revenues with taxes should have a parabolic form, with the turning point to be the peak of the parabola. Findings: The findings suggest that there exists a peak point where taxation policy is not providing the expected revenues. Results suggest that this pattern is common in several countries with different taxation regimes. The effective tax rates are different between the countries. Countries are divided into clusters with the same effective tax rates. The relation of the tax revenue and taxation rates is adjusted with the tax moral of the country. Practical Implications: The results are compared with other possible forms of the relation of revenue and taxes with considerable importance.

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Section: Introductionmentioning

confidence: 99%

Investigating the Relationship between Tax Revenues and Tax Ratios: An Empirical Research for Selected OECD Countries

Kostantinos¹,

Evangelos²,

Ntertsou³

et al. 2020

IJEBA

View full text Add to dashboard Cite

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Fraud in Rights and Contracts: A Review of Bankruptcy Case of Livent Inc. Based on Governance, Risk, and Compliance (GRC) Framework

Widhoyoko¹

2017

Binus Business Review

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This research discussed the accounting scandal in the perspective of governance, risk, and compliance using Governance, Risk, and Compliance (GRC) framework. The purpose of the research was to highlight early business fraud that usually initiated by the company in boosting up the revenue during the Initial public offering (IPO) processes. This research focused on a case showing how a business could make the wrong statement to the investors through real and lawful future contracts with unqualified audit opinion. Structurally, this research was done through the action research method in pointing out all the directors' failures in their function to hold the fiduciary duty to exercise their responsibility. Based on the analysis, it is highlighted that directors in the aspect of (1) governance decisive, they fail to set proportional target, provide ethical value, and react positively to maintain the company sustainability; (2) compliance submissive, they do not submit the accounting standards through undisclosed third-party agreement, misrepresentation of revenue recognition, and mistreatment of expense omission; (3) risk preventive, they fail to assess the risk occurs from legal aspect of conflict of interest, long-term contractual and engagement risks, and insufficient future cash flow.

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The Role of the Accounting and Audit Standards in the Globalization Process

Iancu

Tulvinschi

2013

IJEBA

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The audit rules are necessary, they being able to be useful as much for the auditors and for the audit beneficiaries. For the auditors, the rules make first of all a support item, a guide or a support in applying the methods, techniques, procedures and second of all a support and justification item, for the case where difficulties show up. In what regards third-parties, these will be assured that the audit is made by unitary criteria, no matter by whom it is made. Even if solicited by various firms, in order to raise the credibility of the financial situations they published, the audit process cannot take place at random, without the existence of legal regulations. Due to the increasing importance the audit gets in developing any business, in time imposing the necessity to make professional specific standards, that are to insure a minimum quality of the audit process an a certain performance to the auditor profession.

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Accounting GAAPs and Accounting Treatments for Management of Property: Case Studies from Greek Real Estate Market

Cited by 4 publications

References 9 publications

Investigating the Relationship between Tax Revenues and Tax Ratios: An Empirical Research for Selected OECD Countries

Investigating the Relationship between Tax Revenues and Tax Ratios: An Empirical Research for Selected OECD Countries

Fraud in Rights and Contracts: A Review of Bankruptcy Case of Livent Inc. Based on Governance, Risk, and Compliance (GRC) Framework

The Role of the Accounting and Audit Standards in the Globalization Process

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