axi

Circus Maximus

Beyond the headlines of the world’s most beloved sporting events Brazil hosted the 2016 men’s World Cup at a cost of $15 billion to $20 billion, building large, new stadiums in cities that have little use for them anymore. The projected cost of Tokyo’s 2020 Summer Olympic Games is estimated to be as high as…

       




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Taxing mobile phone transactions in Africa: Lessons from Kenya

Abstract Taxation on mobile phone-based transactions and on airtime has been introduced in Kenya and is spreading to other African countries. Some countries in sub-Saharan Africa view mobile phones as a booming subsector easy to tax due to the increasing turnover of transactions and the formal nature of such transactions by both formal and informal…

       




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Figure of the week: Taxing mobile transactions in Kenya

This week, the Africa Growth Initiative at Brookings published a new policy brief, “Taxing mobile phone transactions in Africa: Lessons from Kenya.” The brief discusses the limited ability of increased tax rates on mobile money transactions and mobile phone airtime to raise a significant amount of new tax revenue. According to the brief, these taxes…

       




axi

What must corporate directors do? Maximizing shareholder value versus creating value through team production


In our latest 21st Century Capitalism initiative paper, "What must corporate directors do? Maximizing shareholder value versus creating value through team production," author Margaret M. Blair explores how the share value maximization norm (or the “short-termism” malady) came to dominate, why it is wrong, and why the “team production” approach provides a better basis for governing corporations over the long term.

Blair reviews the legal and economic theories behind the share-value maximization norm, and then lays out a theory of corporate law building on the economics of team production. Blair demonstrates how the team production theory recognizes that creating wealth for society as a whole requires recognizing the importance of all of the participants in a corporate enterprise, and making sure that all share in the expanding pie so that they continue to collaborate to create wealth.

Arguing that the corporate form itself helps solve the team production problem, Blair details five features which distinguish corporations from other organizational forms:

  1. Legal personality
  2. Limited liability
  3. Transferable shares
  4. Management under a Board of Directors
  5. Indefinite existence

Blair concludes that these five characteristics are all problematic from a principal-agent point of view where shareholders are principals. However, the team production theory makes sense out of these arrangements. This theory provides a rationale for the role of corporate directors consistent with the role that boards of directors historically understood themselves to play: balancing competing interests so the whole organization stays productive.

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Authors

  • Margaret M. Blair
     
 
 




axi

20190618 Axios Chris Meserole

       




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Can taxing the rich reduce inequality? You bet it can!


Two recently posted papers by Brookings colleagues purport to show that “even a large increase in the top marginal rate would barely reduce inequality.”[1]  This conclusion, based on one commonly used measure of inequality, is an incomplete and misleading answer to the question posed: would a stand-alone increase in the top income tax bracket materially reduce inequality?  More importantly, it is the wrong question to pose, as a stand-alone increase in the top bracket rate would be bad tax policy that would exacerbate tax avoidance incentives.  Sensible tax policy would package that change with at least one other tax modification, and such a package would have an even more striking effect on income inequality.  In brief:

    • stand-alone increase in the top tax bracket would be bad tax policy, but it would meaningfully increase the degree to which the tax system reduces economic inequality.  It would have this effect even though it would fall on just ½ of 1 percent of all taxpayers and barely half of their income.
    • Tax policy significantly reduces inequality.  But transfer payments and other spending reduce it far more.  In combination, taxes and public spending materially offset the inequality generated by market income.
    • The revenue from a well-crafted increase in taxes on upper-income Americans, dedicated to a prudent expansions of public spending, would go far to counter the powerful forces that have made income inequality more extreme in the United States than in any other major developed economy.

[1] The quotation is from Peter R. Orszag, “Education and Taxes Can’t Reduce Inequality,” Bloomberg View, September 28, 2015 (at http://bv.ms/1KPJXtx). The two papers are William G. Gale, Melissa S. Kearney, and Peter R. Orszag, “Would a significant increase in the top income tax rate substantially alter income inequality?” September 28, 2015 (at http://brook.gs/1KK40IX) and “Raising the top tax rate would not do much to reduce overall income inequality–additional observations,” October 12, 2015 (at http://brook.gs/1WfXR2G). 

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Image Source: © Jonathan Ernst / Reuters
     
 
 




axi

Taxing capital income: Mark-to-market and other approaches

Given increased income and wealth inequality, much recent attention has been devoted to proposals to increase taxes on the wealthy (such as imposing a tax on accumulated wealth). Since capital income is highly skewed toward the ultra-wealthy, methods of increasing taxes on capital income provide alternative approaches for addressing inequality through the tax system. Marking…

       




axi

236 sq. ft. micro-apartment stacks & maximizes its interior up in Taipei

To make this small space more livable, there is an emphasis on filling out the vertical space. Plus, a great tatami-inspired seating area.




axi

Small city apartment maximized with clever cabinets & folding furniture (Video)

A small apartment is made to feel larger with custom cabinetry and more.




axi

Small Hong Kong apartment uses low-tech ideas to maximize space

No high-tech bells and whistles here, but tried-and-true strategies are used in this renovation to make a small space feel much bigger.




axi

French startup will put 'flying' electric water taxis to work in Paris

It's like Uber for 'flying' water cars, with an über-cute name: SeaBubbles.




axi

Boxy building minimizes surface, maximizes air and stairs

Sweden shows how to build comfortable apartments for families, and stairs that people want to use.




axi

This is the world's most relaxing song

Researchers found that listening to the song was as good as midazolam in relieving anxiety before regional anaesthesia.




axi

Will driverless taxis kill public transit?

In Ottawa, Canada, self-driving cars are being touted as a reason to delay transit investment.




axi

It's Back! British Architect Builds Bucky Fuller's Dymaxion Car

Buckminster Fuller 's 1933 Dymaxion car was a marvel. Architect Norman Foster tells Jonathan Glancey of the Guardian: "The Dymaxion had the same engine and transmission as the Ford Sedan of the time," says Foster, who worked




axi

Lord Foster On Building The Dymaxion Car, And Don't Ask What It Cost

After seeing the stunning Dymaxion car built by architect Norman Foster in Abitare and the Guardian, I wrote "I want one." Not that an eleven-seater is particularly useful, but it is just so gorgeous. Over at Metropolis,




axi

Buckminster Fuller's Dymaxion map updated for the 21st century

The Buckminster Fuller Institute ran a competition to update the iconic map; here are some of the finalists




axi

Reviewer of Bucky Fuller's Dymaxion car is stunned. At how bad it is.

Those of us who love everything Bucky are stunned too.




axi

What are the lessons from Bucky Fuller's Dymaxion House?

The biggest one is that no matter how clever the design, it is the land that matters, not the house, and that nothing has changed in 70 years.




axi

Vivid 'maximalist' tiny house suggests that 'more is more'

Full of vibrant colors, patterns and eclectic decor, this tiny house is not as minimalist as its exterior might suggest.




axi

In praise of maximalism

All the stuff I once viewed as clutter has become a precious resource for my socially-isolated family.




axi

Sleek multifunctional 'bedroom box' maximizes this small apartment

A cramped, rundown apartment gets a makeover with this mysterious-looking black box.




axi

Horse trailer transformed into maximalist tiny home

This tiny home on wheels brings to mind an ornate Victorian train car ... and is on the market for $16,000.




axi

I used to be a beauty routine maximalist

Now I'm obsessed with paring it down to the absolute minimum.




axi

CONSEJOS PARA UN CAMBIO DE IMAGEN “MAXIMO” EN EL HOGAR - Transforma Tu Hogar para este Verano

Transforma Tu Hogar para este Verano



  • Artículos del hogar
  • Artículos de consumo
  • Cosméticos
  • Ventas detallistas
  • Mejoras al Hogar
  • Productos del Hogar (aspiradoras
  • artículos de limpieza y similares)
  • Estados Unidos de América

axi

Axis Equity Advantage Fund - Series 2 - Regular Plan - Growth Option

Category Growth
NAV 11.32
Repurchase Price
Sale Price
Date 08-May-2020




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Axis Equity Advantage Fund - Series 2 - Direct Plan - Growth Option

Category Growth
NAV 11.76
Repurchase Price
Sale Price
Date 08-May-2020




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Axis Equity Advantage Fund - Series 1 - Regular Plan - Growth Option

Category Growth
NAV 11.14
Repurchase Price
Sale Price
Date 08-May-2020




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Axis Equity Advantage Fund - Series 1 - Direct Plan - Growth Option

Category Growth
NAV 11.60
Repurchase Price
Sale Price
Date 08-May-2020




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Axis Emerging Opportunities Fund - Series 2 (1400 Days) - Regular Plan - Growth Option

Category Growth
NAV 10.19
Repurchase Price
Sale Price
Date 08-May-2020




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Axis Emerging Opportunities Fund - Series 2 (1400 Days) - Regular Plan - Dividend Option

Category Growth
NAV 9.16
Repurchase Price
Sale Price
Date 08-May-2020




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Axis Emerging Opportunities Fund - Series 2 (1400 Days) - Direct Plan - Growth Option

Category Growth
NAV 10.63
Repurchase Price
Sale Price
Date 08-May-2020




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Axis Emerging Opportunities Fund - Series 2 (1400 Days) - Direct Plan - Dividend Option

Category Growth
NAV 9.56
Repurchase Price
Sale Price
Date 08-May-2020




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Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Regular Plan - Growth Option

Category Growth
NAV 10.68
Repurchase Price
Sale Price
Date 08-May-2020




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Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Regular Plan - Dividend Option

Category Growth
NAV 8.98
Repurchase Price
Sale Price
Date 08-May-2020




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Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Direct Plan - Growth Option

Category Growth
NAV 11.17
Repurchase Price
Sale Price
Date 08-May-2020




axi

Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Direct Plan - Dividend Option

Category Growth
NAV 9.23
Repurchase Price
Sale Price
Date 08-May-2020




axi

Axis Capital Builder Fund - Series 4 (1582 Days) - Regular Plan - Growth Option

Category Growth
NAV 9.28
Repurchase Price
Sale Price
Date 08-May-2020




axi

Axis Capital Builder Fund - Series 4 (1582 Days) - Regular Plan - Dividend Option

Category Growth
NAV 9.28
Repurchase Price
Sale Price
Date 08-May-2020




axi

Axis Capital Builder Fund - Series 4 (1582 Days) - Direct Plan - Growth Option

Category Growth
NAV 9.41
Repurchase Price
Sale Price
Date 08-May-2020




axi

Axis Capital Builder Fund - Series 4 (1582 Days) - Direct Plan - Dividend Option

Category Growth
NAV 9.46
Repurchase Price
Sale Price
Date 08-May-2020




axi

Axis Capital Builder Fund - Series 1 (1540 Days) - Regular Plan - Growth option

Category Growth
NAV 8.90
Repurchase Price
Sale Price
Date 08-May-2020




axi

Axis Capital Builder Fund - Series 1 (1540 Days) - Regular Plan - Dividend option

Category Growth
NAV 8.90
Repurchase Price
Sale Price
Date 08-May-2020




axi

Axis Capital Builder Fund - Series 1 (1540 Days) - Direct Plan - Growth option

Category Growth
NAV 9.13
Repurchase Price
Sale Price
Date 08-May-2020




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Axis Capital Builder Fund - Series 1 (1540 Days) - Direct Plan - Dividend option

Category Growth
NAV 9.13
Repurchase Price
Sale Price
Date 08-May-2020




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Axis Hybrid Fund - Series 7 (1305 Days) - Regular Plan - Growth

Category Income
NAV 14.0922
Repurchase Price
Sale Price
Date 08-May-2020




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Axis Hybrid Fund - Series 7 (1305 Days) - Regular Plan - Dividend

Category Income
NAV 12.7404
Repurchase Price 12.7404
Sale Price 12.7404
Date 06-Mar-2017




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Axis Hybrid Fund - Series 7 (1305 Days) - Direct Plan -Dividend

Category Income
NAV 13.1752
Repurchase Price 13.1752
Sale Price 13.1752
Date 06-Mar-2017




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Axis Hybrid Fund - Series 7 (1305 Day) - Direct Plan - Growth

Category Income
NAV 13.1877
Repurchase Price 13.1877
Sale Price 13.1877
Date 06-Mar-2017




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Axis Hybrid Fund Series 6 (1324 Days) - Regular - Growth

Category Income
NAV 14.0916
Repurchase Price
Sale Price
Date 08-May-2020