Anglo-American Corporate Taxation : Tracing the Common Roots of Divergent Approaches.

Why did the British and American corporate tax systems diverge early in the twentieth century and is convergence now likely?

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Bank, Steven A.
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Cambridge : Cambridge University Press, 2011.
Colección:Cambridge tax law series.
Temas:
Corporations > Taxation > Law and legislation > Great Britain > History.
Income tax > Law and legislation > Great Britain > History.
Corporations > Taxation > Law and legislation > United States > History.
Income tax > Law and legislation > United States > History.
LAW > Taxation.
Corporations > Taxation > Law and legislation.
Income tax > Law and legislation.
Great Britain.
United States.
History.
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Cover; ANGLO-AMERICAN CORPORATE TAXATION; CAMBRIDGE TAX LAW SERIES; Title; Copyright; Contents; Introduction; 1 A brief history of early Anglo-American corporate income taxation; 1.1 The United Kingdom; 1.1.1 1799-1802; 1.1.2 1803-1815; 1.1.3 1842-1861; 1.1.4 1861-1900; 1.2 United States; 1.2.1 Civil War and Reconstruction; 1.2.2 1894; 1.2.3 1898; 1.3 Conclusion; Part I Twentieth century and the divergence in systems; 2 The United Kingdom; 2.1 1900-18; 2.2 1920-24: Corporation Profits Tax; 2.3 1924-37; 2.4 1937-58; 2.5 1965-73; 3 The United States; 3.1 Revenue Act of 1913.
  • 3.2 Revenue Act of 19173.3 Revenue Act of 1918; 3.4 Revenue Act of 1921; 3.5 Revenue Act of 1924; 3.6 Revenue Act of 1926 and the creation of the Joint Committee on Internal Revenue Taxation; 3.7 New Deal and the Undistributed Profits Tax; 3.8 Corporate tax reform in the post-World War II period; Part II Explaining the divergence; 4 Profits; 4.1 Era of liberal dividend policies; 4.1.1 Inadequate financial reporting; USA; UK; Dividends as a form of disclosure; 4.1.2 Liquidity; 4.2 The divergence in dividend policy; 4.2.1 US corporations shift to more conservative dividend policies.
  • 4.2.2 British adherence to traditional perspectives on dividend policy4.3 Dividends and corporate income taxation; 4.3.1 USA; 4.3.2 UK; 4.3.3 Reversals; British Profits Tax
  • 1947; US dividend tax reform
  • 1954; UK classical corporate income tax
  • 1965; 5 Power; 5.1 A critique of the formal entity theory explanation; 5.1.1 The use of an entity approach in the UK; 5.1.2 The use of an aggregate approach in the USA; 5.2 The divergence in the nature of the corporation; 5.2.1 Ownership dispersion; USA; UK; 5.2.2 Familial capitalism and the presence of blockholders; Blockholders; Managers.
  • 5.2.3 Corporate governance5.3 The effect on corporate tax design; 5.3.1 UK focus on the shareholders; 5.3.2 US focus on the managers; 6 Politics; 6.1 United Kingdom; 6.1.1 World War I and the 1920s; 6.1.2 World War II and the postwar era; 6.1.3 1960s and 1970s; The classical corporate income tax; The return to shareholder imputation; 6.2 United States; 6.2.1 1920s; 6.2.2 The Undistributed Profits Tax; 6.2.3 World War II and the postwar decade; Part III Conclusion; 7 1970s to Present
  • A Time of Convergence?; 7.1 United Kingdom; 7.2 United States; 7.2.1 1970s to early 1990s; 7.2.2 2003.

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