《政府采购法实施条例》的亮点和贯彻落实——中央财经大学财政学院院长马海涛教授专访

《政府采购法实施条例》(以下简称《条例》)历经10多年的讨论,制定,现已颁布实施,确实不容易。《条例》对《政府采购法》比较粗的法律规定作了进一步的完善和补充,有很多亮点。亮点之一:对很多概念的内涵和外延作了明确界定,为实际部门的操作提供了标准。《条例》对很多概念作了界定。比如,什么是财政性资金,过去对它的概念争议很大,这次明确了,特别强调了财政性资金与非财政性资金是无     

2008年公共采购国际论坛全记录：第一单元：公共采购法的现代化与法律改革——中国经验

为深入探讨中国与国际公共采购法的重大理论与实务问题，借鉴发达国家的经验，推动我国政府采购法律制度的健康发展，由中央财经大学与中国法学会财税法研究会共同主办的“2008年公共采购国际论坛”于11月28日--29日在京召开。     

走向高收入阶段的中国金融发展

改革开放以来,中国GDP增速长期保持在8％到10％之间,2008年国际金融危机后全球经济降速,中国经济增速也有所下降.2020年受新冠肺炎疫情影响,全球经济负增长,中国经济增速也下降,但仍然是世界上唯一保持正增长的大国,对全球经济增长贡献加大.与此同时,我国人均GDP也从1978年的176美元到今天跨过人均1万美元的台...     

Shareholder wealth effects of interstate banking: The case of Delaware's Financial Center Development Act

The Financial Center Development Act (FCDA) of Delaware was signed into law in March 1981, to permit out-of-state bank holding companies (BHCs) to establish special purpose banking subsidiaries within the state of Delaware. The FCDA can be viewed as part of the growing national trend toward interstate banking. If interstate banking is to succeed, the benefits from BHCs establishing interstate subsidiaries must be consistent with the welfare of the BHCs shareholders. The purpose of this study is to determine the impact on shareholder wealth of the decision by BHCs to establish subsidiaries within the state of Delaware. Using event study methodology, the results from this study show that the decision to establish a special purpose banking subsidiary within the state of Delaware under the FCDA is consistent with the maximization of shareholder wealth.Funding for this research was made available by the University of Delaware General Research Fund. The authors thank Paul Horvitz, Kevin Scanlon, Ron Watson, and David Walker for helpful comments.     

论偷税罪的行为与结果

偷税罪是给国家造成损失最在的一种危害税收征管犯罪。目前，我国有关偷税罪的立法和执法中都还存在一些问题。对偷税罪的研究，重点在于对偷税罪行为的认定和对偷税罪结果要求的研究。     

解读新《节约能源法》

年最好的季节是春天，每年阳春时节召开的两会都是全国人民注目的焦点，而今年的两会与往届相比显得尤为不同。2008年，是中国政府的换届之年，是全国贯彻党的十七大精神的第一年，又恰逢奥运之年，更重要的是，今年还是改革开放三十周年。     

点评“新国九条”-“新国九条”新在哪儿？

《国务院关于进一步促进资本市场健康发展的若干意见》（简称＂新国九条＂）于2014年5月9日公布,引起了市场舆论广泛关注。＂新国九条＂与十年前的＂国九条＂进行对比分析,＂新国九条＂的新意在哪儿？请看本栏目文章《＂新国九条＂新在哪儿？》、《＂新国九条＂基本原则的解读与思考》。如何评价＂新国九条＂的作用？     

Ex-Dividend Returns and the Tax Reform Act of 1986

As previously recognized, the Tax Reform Act of 1986 reduced observed ex-day returns to stocks that do not attract dividend capture trading. However, by decreasing the top corporate tax rate, and decreasing the corporate dividend income deduction, the Act also reduced the return to dividend capture by U.S. corporations. The ex-day returns for stocks that had previously attracted corporate dividend capture should therefore increase. This prediction is consistent with evidence that ex-day returns increased after the Act was implemented, among low-transaction cost, high-dividend yield stocks and among low-risk, high-dividend yield stocks.     

The JOBS Act and the Costs of Going Public

We examine the effects of Title I of the Jumpstart Our Business Startups Act for a sample of 312 emerging growth companies (EGCs) that filed for an initial public offering (IPO) from April 5, 2012 through April 30, 2015. We find no reduction in the direct costs of issuance, accounting, legal, or underwriting fees for EGC IPOs. Underpricing, an indirect cost of issuance that increases an issuer's cost of capital, is significantly higher for EGCs compared to other IPOs. More importantly, greater underpricing is present only for larger firms that are newly eligible for scaled disclosure under the Act. Overall, we find little evidence that the Act in its first three years has reduced the measurable costs of going public. Although there are benefits of the Act that issuers appear to value, they should be balanced against the higher costs of capital that can occur after its enactment.     

审计计划阶段和报告阶段应关注的特殊事项

一、利用其他主体的工作利用其他主体的工作主要分为两种情况:一种是利用专家的工作。当注册会计师遇到某些特殊资产、特殊业务时,单凭会计师自身的力量通常无法胜任,这时就需要利用专家的知识、经验和判断,获取必要的审计证据,来完成对某一事项的认定。另一种是利用其他注册会计师的工作。当注册会计师作为主审注册会计师时,就会遇到利用其他注册会计师工作的可能,需要对其他注册会计师的工作结果进行查询、审阅等来获取相关审计证据。这两种情形,在特殊行业、特殊业务和集团审计的情况下较常遇到,作为注册会计师就需要未雨绸缪,及早规划,…