SHIFTING THE BURDEN OF TAXATION FROM THE CORPORATE TO THE PERSONAL LEVEL AND GETTING THE CORPORATE TAX RATE DOWN TO 15 PERCENT

Autor:	Rosanne Altshuler, Harry Grubert
Rok vydání:	2016
Předmět:	Economics and Econometrics 05 social sciences Monetary economics Tax reform Annual change Shareholder Accounting Capital (economics) 0502 economics and business Value (economics) Economics Dividend Asset (economics) 050207 economics Finance Corporate tax 050205 econometrics
Zdroj:	National Tax Journal. 69:643-676
ISSN:	1944-7477 0028-0283
DOI:	10.17310/ntj.2016.3.06
Popis:	We consider three plans for shifting the tax on corporate income to the personal level to achieve a significant reduction in the corporate tax rate. One plan eliminates the corporate tax and taxes dividends and the annual change in the value of publicly traded financial assets at ordinary rates. The second integrates corporate and shareholder taxes. The third lowers the corporate tax rate to 15 percent and taxes dividends and capital gains as ordinary income. To prevent large reductions in capital gains realizations and dividend payouts, an interest charge on taxes deferred during the holding period would be imposed when an asset is sold. We conclude that the third alternative is more robust than the other two. *
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::adc7c0410bacdc2bfd46c844edd945ba https://doi.org/10.17310/ntj.2016.3.06 Zobrazit plný text záznamu Plný text ve formátu PDF