David W. Conklin

Tax Havens: Investment Distortions and Policy Options

Differences in business income tax rates among nations create the opportunity for tax minimization by diverting capital through lower tax jurisdictions. Furthermore, the opportunity to use a tax haven alters the relative rates of return between domestic and foreign investment. Financing reporting is often not sufficient to inform existing or potential stakeholders about the use of tax havens, limiting their ability to evaluate the risk of share price fluctuations in response to changes in tax regimes. For Canada, both national and international policy action is warranted in the context of these increasingly important issues.

Crisis Accounting: The Role Of Financial Reporting In Environmental Crisis Management

Conklin, D. W. and Archibald, T.R., 1993, Crisis Accounting: the role of financial reporting in environmental crisis management, Industrial & Environmental Crisis Quarterly, 7:4, 329-332. Environmental legislation is creating additional corporate obligations, many of a crisis nature, and this requires a new body of accounting practices, which the authors refer to as crisis accounting. Environmental legislation and enforcement vary among jurisdictions, as do accounting practices. These differences may impact competitiveness and, consequently, trade and investment, and so they must be considered in com paring financial statements. Judicial decisions are also impacting the obliga tions of financial institutions and the terms of liability insurance. Estimates concerning these new risks and uncertainties must be included in corporate financial reporting, and it will be important to develop more uniform prac tices. Crisis accounting can assist crisis management, as well as provide more complete information to stakeholders. While still in its early stages, crisis accounting will likely develop along lines already pioneered in other subject areas where risk and uncertainty require that financial reporting involve esti mates concerning potential outcomes.

Comparative Economic Systems: Objectives, Decision Modes, and the Process of Choice

Acknowledgements 1. Introductory overview Part I. Objectives: 2. Efficiency and growth 3. Liberty and equality Part II. Decision Modes: 4. Free enterprise 5. Price controls 6. Subsidies 7. Taxation 8. Non-price regulations 9. Public enterprises Part III. Choosing Objectives and Decision Modes: 10. Reform and revolution 11. Constraints imposed by the new world economy Notes Index.

The economic and social environment for tax reform

Major economic and social developments that will determine the context for tax reforms in the 1990s are the subject of this volume. They include the globalization of markets, free trade arrangements, changing technology and production processes, macro-economic policies and conditions in Canada, and population growth and changes in demographic structure.