A Superior Hybrid Cash-Flow Taxon 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...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2006
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Schriftenreihe: | IMF Working Papers
Working Paper No. 06/117 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | 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 |
Beschreibung: | 1 Online-Ressource (25 p) |
ISBN: | 1451863772 9781451863772 |
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spelling | Zee, Howell H. Verfasser aut A Superior Hybrid Cash-Flow Taxon Corporations Zee, Howell H Washington, D.C International Monetary Fund 2006 1 Online-Ressource (25 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 06/117 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 Online-Ausg http://elibrary.imf.org/view/IMF001/00120-9781451863772/00120-9781451863772/00120-9781451863772.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Zee, Howell H. A Superior Hybrid Cash-Flow Taxon Corporations |
title | A Superior Hybrid Cash-Flow Taxon Corporations |
title_auth | A Superior Hybrid Cash-Flow Taxon Corporations |
title_exact_search | A Superior Hybrid Cash-Flow Taxon Corporations |
title_exact_search_txtP | A Superior Hybrid Cash-Flow Taxon Corporations |
title_full | A Superior Hybrid Cash-Flow Taxon Corporations Zee, Howell H |
title_fullStr | A Superior Hybrid Cash-Flow Taxon Corporations Zee, Howell H |
title_full_unstemmed | A Superior Hybrid Cash-Flow Taxon Corporations Zee, Howell H |
title_short | A Superior Hybrid Cash-Flow Taxon Corporations |
title_sort | a superior hybrid cash flow taxon corporations |
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