Acquisition Fees Research Articles

The Role of Land Associates Officials (PPAT) in Collection of BPHTB Tax on Land & Building Transactions for Sale & Building

The legal act of transferring rights to land and/or buildings must always be followed by the making of the necessary deeds, as specifically regulated on this matter. Which deeds must be made by the competent official for this, namely the Official for Making Land Deeds (PPAT), where in certain cases the deed is made by a notary. Thus, the government in its issued regulation has assigned the official making the deed to participate in supervising the payment of taxes payable on the said land and/or building transactions. However, in its implementation there are still many obstacles that arise, especially there is still tax avoidance in land transactions, and a lack of understanding of the calculation and payment of Land Rights Acquisition Tax (BPHTB) by taxpayers, which results in the main tax function to fill State cash receipts, which are often referred to as budgetary functions, which are not well implemented. In the collection of Land Rights Acquisition Fees (BPHTB) in connection with the deed he makes, it is hoped that the Notary as PPAT will play an active role requiring payment of Land Rights Acquisition Fee (BPHTB) in transferring rights to land and buildings, which after the agreement is made and the payment transaction is made, the tax must be paid as soon as possible, then its correctness is checked so that the deed can be signed immediately.

ANALISIS EFEKTIVITAS DAN KONTRIBUSI PENERIMAAN BPHTB TERHADAP PENDAPATAN ASLI DAERAH KABUPATEN SIDOARJO

The purpose of this study is to determine the effectiveness level of land and building rights acquisition fees (BPHTB) and the contribution that land and building rights acquisition fees (BPHTB) provide to local revenue(PAD) in Sidoarjo Regency. The research method used is descriptive qualitative with primary and secondary data sources. Based on the results of research from 2015 to 2019, the following results were obtained: (1) In 2015, the acquisition fee for land and building rights (BPHTB) was 101.08% and increased in 2016 to 114.03%, then in 2017 it increased again by 128.85% in 2018 decreased by 113.02% and increased again in 2019 amounting to 109.15% the effectiveness of land and building land acquisition duties (BPHTB) in Sidoarjo Regency with a very effective value interpretation, with an average effectiveness rate of receiving land and building (BPHTB) fees for five years at 113%. (2) Contribution of land and building rights acquisition fees (BPHTB) to local revenue (PAD) in Sidoarjo Regency in 2015 with a percentage of 17.38%, decreased in 2016 by 17.02%, and increased again in 2017 amounted to 20.19% in 2018 decreased again by 19.76% and experienced an increase again in 2019 by 19.76% of the contribution of land and building acquisition duties (BPHTB )in Sidoarjo Regency for 5 years showing value interpretation less with a percentage of 18.51%. (3) The source of local revenue in Sidoarjo Regency does not only come from the tax on the acquisition of land and building rights (BPHTB), but there are other local taxes, regional levies, and others that are included in the component of regional revenue (PAD).

Penentuan Nilai Pemungutan Pajak Bea Perolehan Peralihan Tanah oleh Pemerintah dalam Penyelenggaraan Otonomi Daerah

One of the authorities possessed by the regional government is in terms of tax collection, one of which is the Land Title Acquisition Fees (BPHTB) carried out by the Regional Revenue Agency. The legal basis is Law Number 28 of 2009. The proceeds of the revenue which constitute state revenue are handed over to the regional government to finance development in the regions and realize regional autonomy. This study aims to identify and describe the basis for local government regulations to determine the value of an object of land rights as a tax object and to regulate the authority to collect BPHTB in relation to local regulations. Researchers used an empirical method, namely an approach with legal aspects from the results of research in the field through data collected through interviews and observations. The results of research which are based on BPHTB which are the final results of BPHTB are the results of the Acquisition of Tax Objects (NPOP). NPOP is stipulated in Article 87 of Law No.28 of 2009 concerning Regional Taxes and Regional Levies. Fees for acquisition of land rights that were not previously imposed in the case of transfer, with the issuance of Law Number 21 of 1997 which was later bound by Law Number 21 of 2000 which gave regional government authority to impose it.

Realisasi Penerimaan Pajak Ditinjau Dari Perspektif Pendapatan Negara

Tax is the largest revenue of a country since it can be renewed flexibly in accordance with the developments. Tax is something that can be imposed on citizens as the reciprocity over the contra-actions made by the government, but of course the contra-achievement cannot be directly enjoyed by its citizens. The tax is levied by the government to finance the State budget. The population in this study is tax revenue consisting of Income tax (PPh), Value Added Tax & Sales Tax on Luxury Goods (PPN&PPnBM), Property Tax & Land and Building Rights Acquisition Fees (PBB&BPHTB), Other Taxes, Import Duties, Excise, and Export Taxes. While the sample in this study is Income Tax, Value Added Tax & Sales Tax on Luxury Goods, Property Tax & Land and Building Rights Acquisition Fees, Other Taxes, Import Duties, Excise, and Export Taxes from 2015-2019. The results of the study of Value Added Tax & Sales Tax on Luxury Goods and Import Duties variables have a positive and significant effect on state income, while the variables Income tax, property tax & land and building rights acquisition fees, Other Taxes, Excise, and Export Taxes have no effect on state revenues. DOI: https://doi.org/10.26905/afr.v3i1.4602

PERANAN DANA PERIMBANGAN DALAM PEMBIAYAAN PENYELENGGARAAN PEMERINTAHAN DAERAH DI KABUPATEN BANYUMAS

Tax as a source of income for state finance is a manifestation of the community's direct contribution to development goals. The Regional Government of Banyumas Regency on September 10, 2004 proposed the Acquisition of Non-Taxable Tax Objects to the Minister of Finance and based on the Decree of the Head of Regional Office of the Directorate General of Taxation of West Java dated Dec-ember 23, 2004, Kep 14 /WPJ 10/BD05/2004 determine the amount of the acquisition value of non-taxable objects in Banyumas Regency. The problem examined in this paper is The Role of Balancing Funds originating from the Fees for Acquiring Land and Building Rights in financing the administration of regional government in Banyumas Regency; and Factors that influence the receipt of balance funds from the Land and Building Rights Acquisition Fees in Banyumas Regency. The research method used was normative juridical, namely statue approach and conceptual approach then analyzed qualitatively. The cost of acquiring land and building rights (BPHTB) in financing the administration of regional government in Banyumas Regency was still relatively small, and its implementation was also influenced by several factors. Keywords: tax, Customs for Land and Building Rights, locally-generated revenue.

The Pancreas Can Take the Cold: Lower Waitlist Times Through Importation

BackgroundOur center has used a strategy of pancreas importation owing to long regional waitlist times. Here we assess the clinical outcomes and financial considerations of this strategy. MethodsThis was a retrospective observational cohort study of patients who received a pancreas transplant at Montefiore Medical Center (MMC) from 2014 to 2017 (n = 28). Clinical parameters, including hemoglobin A1c and complications, were analyzed. The cohort was compared with United Network for Organ Sharing (UNOS) Region 9 with the use of the UNOS/Organ Procurement and Transplantation Network database. Cost analysis of length of stay (LOS), standard acquisition (SAC) fees, and transportation was performed with the use of internal financial data. ResultsPancreas importation resulted in significantly shorter simultaneous pancreas kidney transplant waitlist times compared with Region 9: 518 days vs 1001 days (P = .038). In addition, postoperative complications and 1-year HbA1c did not differ between groups: local 6.30% vs import 6.17% (P = .87). Patients receiving local pancreata stayed an average of 9.2 days compared with 11 days for the import group (P = .36). As such, pancreas importation was associated with higher mean charges ($445,968) compared with local pancreas recipients ($325,470). ConclusionsLong waitlist times in Region 9 have encouraged our center's adoption of pancreas importation to address the needs of our patient population. This practice has resulted in a reduction of waitlist times by an average of 483 days. Understandably, centers have long been wary of importation owing to perceived risk in clinical outcomes. In our single-center experience, we have demonstrated equivalent postoperative glucose control and graft survival. Importantly, there does appear to be increased costs associated with importation, which are mainly driven by LOS. Curiously, importation from regions with lower SAC fees has the potential to offset costs related to transportation expenses. Notwithstanding these findings, pancreas importation does have the potential to lessen the financial societal burden through reduction in waitlist times.

Olympus Imaging Fraud Scandal: A Case Study

This case examines the two decade long tobashi scheme by Olympus Imaging Executives to hide $1.7 billion in losses. In the 1980s, a soaring yen and falling dollar caused bottom line income problems for many Japanese companies. Some companies sought to offset the declining revenue with zaiteku, a form of speculative investment. While early activities generated profits in 1987, by 1991 Olympus recorded 2.1 billion losses in yen. Rumors circulated that by the late 1990s, losses had grown larger. Rather than come clean and admit the losses, management continued to ‘double down’ with riskier investments. Olympus created a tobashi scheme to shift losses off the Olympus balance sheet.Olympus created a tobashi scheme to shift losses off the Olympus balance sheet. Companies located in the Cayman Islands were purchased via exorbitant Management and Acquisition Fees. When the first Western President, Michael Woodford, questioned these practices, he was fired after two weeks on the job. Woodford became perhaps the first CEO ever to blow the whistle on his own firm. The subsequent scandal brought arrests of the executive team, an 80% decline in share price, the threat of de-listing on the Tokyo Exchange, and an international look at Japanese Corporate Governance. A detailed list of questions along with extensive teaching notes, bibliography, and references are provided. The case should be of interest in an accounting audit, ethics, governance, or international accounting class.

Presentation and Outcome of Zap 70 Deficiency

s / Biol Blood Marrow Transplant 21 (2015) S266eS321 S274 The identification of a donor has always limited the extent of allo HSCT. Recently it has been shown that a haploidentical donor could be a valid option to perform allo HSCT given adapted immunosuppression is used. Notably the use of PT-HDCy, after T-replete HSCT following reduced intensity (RIC) or non-myeloablative (NMAC) conditioning, has been associated with promising results. However little data exist concerning elderly population when this population is characterized by a lack of HLA matched sibling and a higher incidence of severe GVHD and non-relapse mortality. Using this strategy we transplanted 31 patients over the age of 55 years between 2010 and 2014 and compare their outcome with patients of the same age transplanted in the same period from a MRD or UD. 70% of the patients in haplo group were prepared with Flu-TBI 2gy (NMAC) (30% received Fludarabine-Busilvex based regimen without ATG) while all patients in other groups received the same RIC (Fludarabine (150 mg/m2) Busilvex (2 days) rabbit ATG (2 days)). Patients in haplo group received post graft immunosuppression with PTHDCy (50 mg/kg on D 3 and 4) followed with CSA and MMF while patients in other groups received either CSA starting on D1. Patients in the haplo group have a trend presenting higher comorbidities and more severe diseases (Table). A single graft failure related to donor anti-HLA antibodies were noted in haplo group. Median time to 0.5x109 ANC and 20x109platelets were respectively 21 (14-32) and 28 (14-52) days after haplo HSCT. Haplo and MRD HSCT patients presented with a similar NRM lower than UD patients while Haplo patients present a relapse rate intermediate between MRD and UD (table). Overall outcome after haplo do not differ from MRD transplant. There is a trend for better PFS after Haplo HSCT as compared with UD transplant (62% vs.41%; P1⁄40,14) (Figure 1). Progression-free and severe cGVHD-free survival was significantly better after haplo HSCT (62% vs. 35%; p1⁄40.03) (Figure 2). We conclude that T-replete Haplo HSCT after RIC and followed by PT-HDCy is associated with promising results notably as compared with UD HSCT. The low rate of severe aGVHD and cGVHD are likely to conduct to lower complications and better quality of life. The reduction of donor search duration and the absence of graft acquisition fees represent potential additional benefits. In this perspective, the place of Haplo HSCT in older patients should now be prospectively addressed.

Comparison of Haploidentical T-Replete HSCT Followed with Post-Transplant High Dose Cyclophosphamide (PT-HDCy) with Matched Related (MRD) or Unrelated (UD) HSCT in Patients in or after the 6TH Decade

s / Biol Blood Marrow Transplant 21 (2015) S266eS321 S274 The identification of a donor has always limited the extent of allo HSCT. Recently it has been shown that a haploidentical donor could be a valid option to perform allo HSCT given adapted immunosuppression is used. Notably the use of PT-HDCy, after T-replete HSCT following reduced intensity (RIC) or non-myeloablative (NMAC) conditioning, has been associated with promising results. However little data exist concerning elderly population when this population is characterized by a lack of HLA matched sibling and a higher incidence of severe GVHD and non-relapse mortality. Using this strategy we transplanted 31 patients over the age of 55 years between 2010 and 2014 and compare their outcome with patients of the same age transplanted in the same period from a MRD or UD. 70% of the patients in haplo group were prepared with Flu-TBI 2gy (NMAC) (30% received Fludarabine-Busilvex based regimen without ATG) while all patients in other groups received the same RIC (Fludarabine (150 mg/m2) Busilvex (2 days) rabbit ATG (2 days)). Patients in haplo group received post graft immunosuppression with PTHDCy (50 mg/kg on D 3 and 4) followed with CSA and MMF while patients in other groups received either CSA starting on D1. Patients in the haplo group have a trend presenting higher comorbidities and more severe diseases (Table). A single graft failure related to donor anti-HLA antibodies were noted in haplo group. Median time to 0.5x109 ANC and 20x109platelets were respectively 21 (14-32) and 28 (14-52) days after haplo HSCT. Haplo and MRD HSCT patients presented with a similar NRM lower than UD patients while Haplo patients present a relapse rate intermediate between MRD and UD (table). Overall outcome after haplo do not differ from MRD transplant. There is a trend for better PFS after Haplo HSCT as compared with UD transplant (62% vs.41%; P1⁄40,14) (Figure 1). Progression-free and severe cGVHD-free survival was significantly better after haplo HSCT (62% vs. 35%; p1⁄40.03) (Figure 2). We conclude that T-replete Haplo HSCT after RIC and followed by PT-HDCy is associated with promising results notably as compared with UD HSCT. The low rate of severe aGVHD and cGVHD are likely to conduct to lower complications and better quality of life. The reduction of donor search duration and the absence of graft acquisition fees represent potential additional benefits. In this perspective, the place of Haplo HSCT in older patients should now be prospectively addressed.

Olympus Imaging Fraud Scandal: A Case Study

This case examines the two decade long tobashi scheme by Olympus Imaging Executives to hide $1.7 billion in losses. In the 1980s, a soaring yen and falling dollar caused bottom line income problems for many Japanese companies. Some companies sought to offset the declining revenue with zaiteku, a form of speculative investment. While early activities generated profits in 1987, by 1991 Olympus recorded 2.1 billion losses in yen. Rumors circulated that by the late 1990s, losses had grown larger. Rather than come clean and admit the losses, management continued to ‘double down’ with riskier investments. Olympus created a tobashi scheme to shift losses off the Olympus balance sheet. Olympus created a tobashi scheme to shift losses off the Olympus balance sheet. Companies located in the Cayman Islands were purchased via exorbitant Management and Acquisition Fees. When the first Western President, Michael Woodford, questioned these practices, he was fired after two weeks on the job. Woodford became perhaps the first CEO ever to blow the whistle on his own firm. The subsequent scandal brought arrests of the executive team, an 80% decline in share price, the threat of de-listing on the Tokyo Exchange, and an international look at Japanese Corporate Governance. A detailed list of questions along with extensive teaching notes, bibliography, and references are provided. The case should be of interest in an accounting audit, ethics, governance, or international accounting class.

Centralized Organ Procurement Organization Surgical Center: First 200 Brain Dead Organ Donor Transfer Experience.

Purpose: To evaluate the clinical and business case of utilizing a stand-alone Organ Procurement Organization (OPO) surgical center following 200 brain dead organ donor transfers and removal of organs for transplant. Methods: Operational, financial, logistical and donor family satisfaction metrics among 200 organ donors transferred to an OPO surgical center are contrasted with a population of organ donors performed at the hospital where brain death was declared. Results: Between 8/26/10 and 12/30/13, 200 patients were transferred from hospitals where brain death was declared to an OPO surgical center for standardized organ procurement within a large geographical donation service area. The following table reviews a range of operational and financial metrics associated with the organ donor transfer population:Table: No Caption available.The first 12 brain dead transfers in 2010 were limited to abdominal only donors, which account for a lower number of organs transplanted per donor (OTPD) in the first year in contrast to the 4.2 OTPD in 2013. The 2013 median procurement cost per donor was significantly lower (p<0.5) in the transfer population ($14,982) compared to brain dead cases facilitated at the donor hospital ($19,890), with the OPO not having to increase non-Medicare organ acquisition fees for the past four years. Clinical skill set development of OPO procurement coordinators allowed for the replacement of variable anesthesiology staffing in early 2013. This staffing change nearly doubled the percent and volume of donor transfer cases from the previous year. Mean donor family satisfaction scores are statistically equivalent for the brain dead donor transfer group (4.88; n=95), when compared to the aggregate mean scores among brain dead donor cases performed at the donor hospital (4.89; n=228). Conclusion: An OPO surgical center model demonstrates the ability to increase OTPD, reduce procurement costs and sustain donor family satisfaction as compared to the more common donor procurement model.

Optimizing high-speed rail routes using a Spatial Decision Support System (SDSS): the Texas Urban Triangle (TUT) case

Previously, an analytical method was derived to model a possible high-speed rail route within the Texas Urban Triangle (TUT) area. By implementing a raster-based geographic information system (GIS), researchers were able to optimize a route with the given variables. Based on prior research outcomes, the authors improved the overall analytical approach. This article expands the study boundary from Travis County through Bexar County to test the corridor between the San Antonio and Austin metropolitan areas. Nearby counties are also included, resulting in a total of six counties. In addition, a statistical tool, explanatory factor analysis (EFA), is added to fill the gap identified in the previous modeling practices. The project addresses transportation corridor planning in the Texas Urban Triangle at the regional scale. Its aim is to determine the most suitable locations for new transport infrastructure by employing a Spatial Decision Support System (SDSS). The proposed SDSS provides a composite foundation for decision making to attain enhanced regional mobility, especially for a high-speed rail (HSR). Route alternatives are compared in terms of construction estimates, anticipated land acquisition fees, and suitability scores.

Lenzini Steel: The Impact of Transfer Pricing and Taxes on Global Operations

The Lenzini Steel case extends the classic cost/managerial accounting treatment of transfer pricing to include a wider range of inter-company transactions (ICTs): (1) product sales (traditional setting), (2) royalty payments for intellectual property, (3) machine acquisition and management fees, and (4) working capital loans. As described by Ernst & Young (2010), transfer pricing is one of the most important issues facing multinational companies today, and its relevance is increasing. Yet transfer pricing often remains essentially under-taught in junior, senior and masters-level accounting classrooms. Faculty need new teaching materials that reflect the increasing complexity associated with transfer pricing. We wrote the case to begin filling the void.In this case, students must integrate concepts from three accounting disciplines: cost/managerial accounting, financial reporting (through an auditor’s view), and tax accounting. More importantly, however, students are asked to exercise their critical thinking skills by evaluating the four ITCs and establishing a defensible transfer pricing range for each. The Institute of Management Accountants (IMA 2013) and the American Institute of Certified Public Accountants (2005) have emphasized critical (or strategic) thinking skills as a key competency for accounting professionals. Based upon their analyses, students must use their critical thinking skills to assess the defense-ability of each ITC in terms of FIN 48 (codified as ASC 740-10), and recommend a reserve for uncertain tax positions that should be recorded in Lenzini’s financial statements. The case requires students to travel from the more familiar (establishing a transfer price for different inter-company transactions) to the less familiar (predicting who benefits and who suffers from the student’s transfer pricing decision), while considering an environment where division managers act in their own self-interest. As the final case requirement, students must develop the talking points they will use to convince company management to record the reserve and reduce net income, analyze which of the CFOs (1 corporate-level and 3 division-level) will push back, and anticipate the counter-arguments the CFOs might use.

Illiquidity Risk in Non-Listed Funds: Evidence from REIT Fund Exits and Redemption Suspensions

Managerial incentives are skewed in non-listed funds under finite horizons. Compensation structures are only indirectly related to shareholder wealth maximization when share prices are unobservable. Liquidity options for investors are limited in the absence of an exchange listing. Using a hand-collected database for public non-listed REITs, an empirical sequence considers the impact of management compensation contracts on equity fundraising and success in capital deployment. Evidence is provided that high asset management fees and high acquisition fees diminish managerial success at generating revenue from invested capital. Successful revenue flows are deterministic factor in the level of distributions paid and the likelihood of achieving a fund exit. Closing the gate on share redemption plans is synchronized with the slowdown in new equity flows. Retail investors are insensitive to maligned compensation structures that heighten illiquidity risk, even when observable in the prospectus.

Cross Border Shopping: How Much for Your Heart?

No one has described the fiscal disparity that arises as a result of Canada/United States (US) cross border organ transactions. Canadian healthcare cannot continue to subsidize US transplant programs while paying their inflated organ acquisition fees. Canadian hospitals should bill US transplant programs for all costs associated with procuring organs.

PCV41: SOCIOECONOMIC RELEVANCE OF TREATMENT OF CHRONIC HEART FAILURE STAGE NYHA II WITH CRATAEGUS EXTRACT WS 1442—ONE-YEAR-RESULTS OF A PROSPECTIVE PHARMACOECONOMIC STUDY

OBJECTIVES: To evaluate the pharmacoeconomic properties of crataegus treatment compared to any other treatment option of CHF at stage NYHA II, a prospective 3-year observational study has been conducted since summer 1999. A cost-utility-analysis will be performed to investigate, if crataegus treatment avoids rapid deterioration with higher costs and lower HRQL. The results of the first year are presented. METHODS: Open, non-randomized observational cohort study. The first cohort (Crataegus-Cohort, CC) comprises patients receiving crataegus extract therapy of CHF. In the second cohort (Standard-Cohort, SC) patients without crataegus but any other treatment were observed. In 217 study centres 952 patients were included (CC: 588; SC: 364). For measuring HRQL the EuroQoL-5D was used. The perspective of the German statutory health insurance funds and the matched-pairs technique were applied. RESULTS: No significant differences in physical condition and demographic variables were detected between the matched groups. HRQL (143 pairs) shows significant improvement in both cohorts. The mean EuroQoL-VAS value for the CC is 55.50 before and 67.13 after half-a-year (SC: 58.06 before and 66.78 after). Improvement of HRQL in the CC is significantly higher (p = 0.023). After one year, an improvement of clinical symptoms were diagnosed in both cohorts (79 pairs) but slightly higher in the CC with no significance. Mean direct costs for CC patients amounted to DM 1,373 in the first year whereas SC patients amounted to DM 1,551 with no significant difference (p = 0.998, 98 pairs). Cost driving factors were drug acquisition and physicians fees. CONCLUSIONS: Even if the first analysis of the three-year-study indicates comparable direct costs in both cohorts and suggests improved HRQL in the CC further investigation in the second and third period is mandatory.