Cargando…

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...

Descripción completa

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Zee, Howell H. (Howell Hang) (Autor)
Autor Corporativo: International Monetary Fund. Fiscal Affairs Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington D.C.] : International Monetary Fund, Fiscal Affairs Dept., 2006.
Colección:IMF working paper ; WP/06/117.
Temas:
Acceso en línea:Texto completo
Descripción
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.
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 ;