Must Corporate Income Be Taxed Twice?: A Report of a Conference Sponsored by the Fund for Public Research and the Brookings Institution (Studies of government finance :) pdf epub fb2

Must Corporate Income Be Taxed Twice?: A Report of a Conference Sponsored by the Fund for Public Research and the Brookings Institution (Studies of government finance :) by Charles E. McLure epub fb2 djvu

Author: Charles E. McLure
Title: Must Corporate Income Be Taxed Twice?: A Report of a Conference Sponsored by the Fund for Public Research and the Brookings Institution (Studies of government finance :)
ISBN: 0815756208
ISBN13: 978-0815756200
Other Formats: azw doc lrf txt
Pages: 262 pages
Publisher: Brookings Inst Pr (May 1, 1979)
Language: English
Size EPUB version: 1454 kb
Size FB2 version: 1260 kb
Category: Business & Money
Subcategory: Economics

Recently in the United States there has been a surge of interest in the integration of the corporation and individual income taxes, partly because the rate of capital formation has been low. Many foreign countries have adopted some form of dividend relief, and many U.S. economists, businessmen, and tax experts feel that the double taxation of corporate earnings can no longer be justified.

A number of recent studies have dealt with the policy issues of integration—the distortions and inequities caused by an unintegrated tax system and the effects of integration on corporate financial policy, capital accumulation, and economic growth. But many other difficult questions would be involved in any decision to integrate taxes. For example, what are the practical problems of integration? How would tax preferences--a crucial issue—be treated? What would happen to tax-exempt organizations? How can international flows of capital be handled, particularly in a world of multinational corporations and interdependent economies? In sum, is integration administratively feasible?

After summarizing the arguments that have been made for and against integration and describing the systems of dividend relief found in Canada and several European countries, McLure delves into these complex technical questions. His general conclusion is that any scheme for integrating taxes is likely to be beset by serious administrative problems.

A substantial portion of this book was prepared as a background paper for a conference on the integration of the income taxes held at the Brookings Institution in October 1977. The concluding chapter summarizes the conference discussion.


Related EPUB FB2 books to Must Corporate Income Be Taxed Twice?: A Report of a Conference Sponsored by the Fund for Public Research and the Brookings Institution (Studies of government finance :) by Charles E. McLure
State and Local Taxation Answer Book
State and Local Taxation Answer Book
Federal Estate and Gift Taxes: (Brookings Institution. National Committee o ...
Federal Estate and Gift Taxes: (Brookings Institution. National Committee o ...
Taxing international business income: Dividend exemption versus the current ...
Taxing international business income: Dividend exemption versus the current ...
Yen Bloc: Toward Economic Integration in Asia
Yen Bloc: Toward Economic Integration in Asia
Capital, Accumulation, and Money: An Integration of Capital, Growth, and Mo ...
Capital, Accumulation, and Money: An Integration of Capital, Growth, and Mo ...
Economic and Political Integration in Europe: Internal Dynamics and Global ...
Economic and Political Integration in Europe: Internal Dynamics and Global  ...
Economics of International Integration (Studies in economics)
Economics of International Integration (Studies in economics)
International Financial Integration
International Financial Integration
European Financial Integration
European Financial Integration
Significant Current Issues in International Taxation
Significant Current Issues in International Taxation
Capital Taxation
Capital Taxation
Towards Monetary and Financial Integration in East Asia
Towards Monetary and Financial Integration in East Asia