Hasil untuk "Revenue. Taxation. Internal revenue"

Jules Linden, Cathal O'Donoghue, Denisa Sologon

Carbon taxes are increasingly popular among policymakers but remain politically contentious. A key challenge relates to their distributional impacts; the extent to which tax burdens differ across population groups. As a response, a growing number of studies analyse their distributional impact ex-ante, commonly relying on microsimulation models. However, distributional impact estimates differ across models due to differences in simulated tax designs, assumptions, modelled components, data sources, and outcome metrics. This study comprehensively reviews methodological choices made in constructing microsimulation models designed to simulate the impacts of carbon taxation and discusses how these choices affect the interpretation of results. It conducts a meta-analysis to assess the influence of modelling choices on distributional impact estimates by estimating a probit model on a sample of 217 estimates across 71 countries. The literature review highlights substantial diversity in modelling choices, with no standard practice emerging. The meta-analysis shows that studies modelling carbon taxes on imported emissions are significantly less likely to find regressive results, while indirect emission coverage has ambiguous effects on regressivity, suggesting that a carbon border adjustment mechanism may reduce carbon tax regressivity. Further, we find that estimates using older datasets, using explicit tax progressivity or income inequality measures, and accounting for household behaviour are associated with a lower likelihood of finding regressive estimates, while the inclusion of general equilibrium effects increases this likelihood.

Celine Bonnet, Fabrice Etile, Sebastien Lecocq

Reforming alcohol price regulations in wine-producing countries is challenging, as current price regulations reflect the alignment of cultural preferences with economic interests rather than public health concerns. We evaluate and compare the impact of counterfactual alcohol pricing policies on consumer behaviors, firms, and markets in France. We develop a micro-founded partial equilibrium model that accounts for consumer preferences over purchase volumes across alcohol categories and over product quality within categories, and for firms' strategic price-setting. After calibration on household scanner data, we compare the impacts of replacing current taxes by ethanol-based volumetric taxes with a minimum unit price (MUP) policy of 0.50 Euro per standard drink. The results show that the MUP in addition to the current tax outperforms a tax reform in reducing ethanol purchases (-15% vs. -10% for progressive taxation), especially among heavy drinking households (-17%). The MUP increases the profits of small and medium wine firms (+39%) while decreasing the profits of large manufacturers and retailers (-39%) and maintaining tax revenues stable. The results support the MUP as a targeted strategy to reduce harmful consumption while benefiting small and medium wine producers. This study provides ex-ante evidence that is crucial for alcohol pricing policies in wine-producing countries.

Tian Dong, Yan Meng, Shaofeng Li et al.

Large Language Models (LLMs) are increasingly integrated into daily routines, yet they raise significant privacy and safety concerns. Recent research proposes collaborative inference, which outsources the early-layer inference to ensure data locality, and introduces model safety auditing based on inner neuron patterns. Both techniques expose the LLM's Internal States (ISs), which are traditionally considered irreversible to inputs due to optimization challenges and the highly abstract representations in deep layers. In this work, we challenge this assumption by proposing four inversion attacks that significantly improve the semantic similarity and token matching rate of inverted inputs. Specifically, we first develop two white-box optimization-based attacks tailored for low-depth and high-depth ISs. These attacks avoid local minima convergence, a limitation observed in prior work, through a two-phase inversion process. Then, we extend our optimization attack under more practical black-box weight access by leveraging the transferability between the source and the derived LLMs. Additionally, we introduce a generation-based attack that treats inversion as a translation task, employing an inversion model to reconstruct inputs. Extensive evaluation of short and long prompts from medical consulting and coding assistance datasets and 6 LLMs validates the effectiveness of our inversion attacks. Notably, a 4,112-token long medical consulting prompt can be nearly perfectly inverted with 86.88 F1 token matching from the middle layer of Llama-3 model. Finally, we evaluate four practical defenses that we found cannot perfectly prevent ISs inversion and draw conclusions for future mitigation design.

Hanqing Liu, Na Ruan, Joseph K. Liu

The consensus protocol named proof of work (PoW) is widely applied by cryptocurrencies like Bitcoin. Although security of a PoW cryptocurrency is always the top priority, it is threatened by mining attacks like selfish mining. Researchers have proposed many mining attack models with one attacker, and optimized the attacker's strategy. During these mining attacks, an attacker pursues a higher relative revenue (RR) by wasting a large amount of computational power of the honest miners at the cost of a small amount of computational power of himself. In this paper, we propose a mining attack model with two phases: the original system and the multi-attacker system. It is the first model to provide both theoretical and quantitative analysis of mining attacks with two attackers. We explain how the original system turns into the multi-attacker system by introducing two attackers: the internal attacker and the external attacker. If both attackers take the attacking strategy selfish mining, the RR of the internal attacker in multi-attacker system will drop by up to 31.9% compared with his RR in original system. The external attacker will overestimate his RR by up to 44.6% in multiattacker system. Unexpected competitions, auctions between attackers and overestimation of attackers' influence factor are three main causes of both attackers' dropping RR. We propose a mining strategy named Partial Initiative Release (PIR) which is a semi-honest mining strategy in multi-attacker system. In some specific situations, PIR allows the attacker to get more block reward by launching an attack in multi-attacker system.

Tembo Nakamoto, Odile Rouhban, Yuichi Ikeda

Currently all countries including developing countries are expected to utilize their own tax revenues and carry out their own development for solving poverty in their countries. However, developing countries cannot earn tax revenues like developed countries partly because they do not have effective countermeasures against international tax avoidance. Our analysis focuses on treaty shopping among various ways to conduct international tax avoidance because tax revenues of developing countries have been heavily damaged through treaty shopping. To analyze the location and sector of conduit firms likely to be used for treaty shopping, we constructed a multilayer ownership-tax network and proposed multilayer centrality. Because multilayer centrality can consider not only the value owing in the ownership network but also the withholding tax rate, it is expected to grasp precisely the locations and sectors of conduit firms established for the purpose of treaty shopping. Our analysis shows that firms in the sectors of Finance & Insurance and Wholesale & Retail trade etc. are involved with treaty shopping. We suggest that developing countries make a clause focusing on these sectors in the tax treaties they conclude.

Yehuda Afek, Anat Bremler-Barr, Alon Noy

In this paper we present three attacks on private internal networks behind a NAT and a corresponding new protection mechanism, Internal Network Policy, to mitigate a wide range of attacks that penetrate internal networks behind a NAT. In the attack scenario, a victim is tricked to visit the attacker's website, which contains a malicious script that lets the attacker access the victim's internal network in different ways, including opening a port in the NAT or sending a sophisticated request to local devices. The first attack utilizes DNS Rebinding in a particular way, while the other two demonstrate different methods of attacking the network, based on application security vulnerabilities. Following the attacks, we provide a new browser security policy, Internal Network Policy (INP), which protects against these types of vulnerabilities and attacks. This policy is implemented in the browser just like Same Origin Policy (SOP) and prevents malicious access to internal resources by external entities.

Stefan Steinerberger, Aleh Tsyvinski

We demonstrate how a static optimal income taxation problem can be analyzed using dynamical methods. Specifically, we show that the taxation problem is intimately connected to the heat equation. Our first result is a new property of the optimal tax which we call the fairness principle. The optimal tax at any income is invariant under a family of properly adjusted Gaussian averages (the heat kernel) of the optimal taxes at other incomes. That is, the optimal tax at a given income is equal to the weighted by the heat kernels average of optimal taxes at other incomes and income densities. Moreover, this averaging happens at every scale tightly linked to each other providing a unified weighting scheme at all income ranges. The fairness principle arises not due to equality considerations but rather it represents an efficient way to smooth the burden of taxes and generated revenues across incomes. Just as nature wants to distribute heat evenly, the optimal way for a government to raise revenues is to distribute the tax burden and raised revenues evenly among individuals. We then construct a gradient flow of taxes -- a dynamic process changing the existing tax system in the direction of the increase in tax revenues -- and show that it takes the form of a heat equation. The fairness principle holds also for the short-term asymptotics of the gradient flow, where the averaging is done over the current taxes. The gradient flow we consider can be viewed as a continuous process of a reform of the nonlinear income tax schedule and thus unifies the variational approach to taxation and optimal taxation. We present several other characteristics of the gradient flow focusing on its smoothing properties.

Bertrand Cornélusse, Iacopo Savelli, Simone Paoletti et al.

This work fits in the context of community microgrids, where members of a community can exchange energy and services among themselves, without going through the usual channels of the public electricity grid. We introduce and analyze a framework to operate a community microgrid, and to share the resulting revenues and costs among its members. A market-oriented pricing of energy exchanges within the community is obtained by implementing an internal local market based on the marginal pricing scheme. The market aims at maximizing the social welfare of the community, thanks to the more efficient allocation of resources, the reduction of the peak power to be paid, and the increased amount of reserve, achieved at an aggregate level. A community microgrid operator, acting as a benevolent planner, redistributes revenues and costs among the members, in such a way that the solution achieved by each member within the community is not worse than the solution it would achieve by acting individually. In this way, each member is incentivized to participate in the community on a voluntary basis. The overall framework is formulated in the form of a bilevel model, where the lower level problem clears the market, while the upper level problem plays the role of the community microgrid operator. Numerical results obtained on a real test case implemented in Belgium show around 54% cost savings on a yearly scale for the community, as compared to the case when its members act individually.

Gabriel Goldberg

This paper explores various generalizations of the Mitchell order focusing mostly on a generalization called the internal relation. The internal relation lacks the implicit strength requirement in the definition of the Mitchell order, and therefore can fail to be wellfounded. We establish some constraints on the illfoundedness of the internal relation, which leads to a proof of a conjecture of Steel regarding rank-to-rank cardinals.

ShiXue He, Marcel Ausloos

Changes in the capital structure before and after the global financial crisis for SMEs are studied, emphasizing their financing problems, distinguishing between internal financing and external financing determinants. The empirical research bears upon 158 small and medium-sized firms listed on Shenzhen and Shanghai Stock Exchanges in China over the period of 2004-2014. A regression analysis, along the lines of the Trade-Off Theory, shows that the leverage decreases with profitability, non-debt tax shields and the liquidity, and increases with firm size and tangibility. A positive relationship is found between firm growth and debt ratio, though not highly significantly. It is shown that the SMEs with high growth rates are those which will more easily obtain external financing after a financial crisis. It is recognized that the China government should reconsider SMEs taxation laws.

Julio Guemez, Manuel Fiolhais, Lucilia Brito

We discuss the role of the internal forces and how their work changes the energy of a system. We illustrate the contribution of the internal work to the variation of the system's energy, using a pure mechanical example, a thermodynamical system and an example from electromagnetism. We emphasize that internal energy variations related to the work of the internal forces should be pinpointed in the classroom and placed on the same footing as other internal energy variations such as those caused by temperature changes or by chemical reactions.

T. J. Brennan

The Telescope Array, Pierre Auger Collaborations, : et al.

Joint contributions of the Pierre Auger and Telescope Array Collaborations to the 33rd International Cosmic Ray Conference, Rio de Janeiro, Brazil, July 2013: cross-calibration of the fluorescence telescopes, large scale anisotropies and mass composition.

K. Nightingale, D. Turchen

S. Dávalos, O. Rodrigo

S. Stern

Jerome Miller, Radford Jones

Joseph Bankman, W. Klein, K. Stark et al.

Paul K. Marineau