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A Superior Hybrid Cash-Flow Taxon Corporations, Howell Zee

Label
A Superior Hybrid Cash-Flow Taxon Corporations, Howell Zee
Language
eng
Abstract
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
Bibliography note
Includes bibliographical references
resource.governmentPublication
international or intergovernmental publication
Literary Form
non fiction
Main title
A Superior Hybrid Cash-Flow Taxon Corporations
Nature of contents
dictionaries
Oclc number
712989239
Responsibility statement
Howell Zee
Series statement
IMF Working Papers
Table Of Contents
""Contents""; ""I. INTRODUCTION""; ""II. MERITS AND LIMITATIONS OF R-CFT AND S-CFT""; ""III. NATURE OF MODIFIED S-CFT""; ""IV. CONCLUDING REMARKS""; ""REFERENCES""
Content
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