Marginal Effect of Direct Tax on Profits: A Study on the Taxation of the Finance Industry in Brazil
Bibliographic record
Abstract
This article addresses the direct taxation on banks’ profits in Brazil and tests the influence of net fiscal adjustment (NFA) on direct tax on profit (DTP) by introducing the marginal effect of direct taxation (MgET). Measuring DTP is a complex process that involves adjustments in fiscal accounting procedures to recognize economic transactions by using specific standards. Besides fulfilling the objectives of identifying recognized direct tax (RT) and calculating NFA, MgET is identified by the algebraic sign of NFA, which is the sufficient, necessary and only condition to evaluate the existence of cash synergy/entropy in firms, with the reduction/increase of DTP. By using a sample containing data from the 40 biggest banks in Brazil, from 2010 to 2017, under the positivist methodology, the research results are strongly robust in indicating that NFA has a significant impact on DTP and on MgET, producing cash synergy.
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How this classification was reachedexpand
Full frame machine prediction
Teacher imitationNot calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.
Distilled classifier scores by category (both heads)
| Category | Codex | Gemma |
|---|---|---|
| Metaresearch | 0.001 | 0.007 |
| Meta-epidemiology (narrow) | 0.000 | 0.000 |
| Meta-epidemiology (broad) | 0.000 | 0.000 |
| Bibliometrics | 0.001 | 0.001 |
| Science and technology studies | 0.000 | 0.001 |
| Scholarly communication | 0.001 | 0.001 |
| Open science | 0.000 | 0.001 |
| Research integrity | 0.000 | 0.000 |
| Insufficient payload (model declined to judge) | 0.001 | 0.000 |
Machine scores (provisional)
The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.
Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.
score_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from itClassification
machine, unvalidatedMachine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.
How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".