Markets in Vice Markets in Virtue or Applied Macroeconometrics

Markets in Vice, Markets in Virtue

Author: John Braithwait

This sweeping, comparative study of taxation in the United States and Australia shows that even as governments in the Western world have become increasingly sophisticated tax collectors, a competitive and ruthless market in advice on tax avoidance has developed. The same competitive forces in the late twentieth century which have driven down prices and sparked efficiencies in the production of fast food or computer parts have helped stimulate the markets for "bads" like tax shelters and problem gambling. Braithwaite draws the surprising conclusion that effective regulation could actually flip markets in vice to markets of virtue. Essential reading for anyone involved in policy, governance, and regulation, Markets in Vice, Markets in Virtue provides a blueprint for restoring the equity of Western tax systems and a breakthrough theory of how regulators can support markets in virtue and curtail markets in vice.

Table of Contents:

Ch. 1	Competition policy and efficient vice	3
Ch. 2	Tax systems in crisis	16
Ch. 3	The Australian advice market	37
Ch. 4	Enforcement challenges	60
Ch. 5	Australian innovation in regulating aggressive tax planning	68
Ch. 6	The New York advice market	103
Ch. 7	International arbitrage	120
Ch. 8	IRS enforcement initiatives	127
Ch. 9	Comparing the drivers of and responses to aggressive tax planning in Australia and the US	137
Ch. 10	Reforming the law	144
Ch. 11	Meta risk management using natural systems	156
Ch. 12	Intelligent tax office culture	167
Ch. 13	Reforming enforcement strategy	177
Ch. 14	Flipping markets in vice to markets in virtue	197

Interesting book: Genealogy Online for Dummies with CDROM or Mortal Kombat vs DC Universe

Applied Macroeconometrics

Author: Carlo A Favero

Until the 1970s, there was a consensus in applied macroeconometrics, both regarding the theoretical foundation and the empirical specification of macroeconometric modelling, commonly known as the Cowles Commission approach. This is no longer the case: the Cowles Commission approach broke down in the 1970s, replaced by three prominent competing methods of empirical research: the LSE (London School of Economics) approach, the VAR approach, and the intertemporal optimization/Real Business Cycle approach. This book discusses and illustrates the empirical research strategy of these three alternative approaches by interpreting them as different proposals to solve problems observed in the Cowles Commission approach.