A superior hybrid cash-flow tax on corporations /
This paper proposes a new hybrid cash-flow tax on corporations that, on one hand, taxes only excess corporate profits as they accrue, and, on the other hand, treats real and financial transactions neutrally. It is, therefore, a superior tax compared to the cash-flow tax on real transactions that see...
Clasificación: | Libro Electrónico |
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Autor principal: | |
Autor Corporativo: | |
Formato: | Electrónico eBook |
Idioma: | Inglés |
Publicado: |
[Washington D.C.] :
International Monetary Fund, Fiscal Affairs Dept.,
2006.
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Colección: | IMF working paper ;
WP/06/117. |
Temas: | |
Acceso en línea: | Texto completo |
Sumario: | This paper proposes a new hybrid cash-flow tax on corporations that, on one hand, taxes only excess corporate profits as they accrue, and, on the other hand, treats real and financial transactions neutrally. It is, therefore, a superior tax compared to the cash-flow tax on real transactions that seems to have gained common acceptance. The hybrid tax is a modified version of the cash-flow tax on real and financial transactions combined. The modification involves replacing expensing of fixed assets with normal depreciation allowances, but the undepreciated value of fixed assets is carried forward with interest at the opportunity cost of equity capital. |
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Descripción Física: | 1 online resource (23 pages) : illustrations |
Bibliografía: | Includes bibliographical references. |
ISBN: | 1282391755 9781282391758 9781451909111 145190911X 1462392180 9781462392186 1452769311 9781452769318 9786613820181 6613820180 |
ISSN: | 2227-8885 ; |