Capital income taxation and resource allocation
Author(s)
Bibliographic Information
Capital income taxation and resource allocation
（Studies in mathematical and managerial economics, v. 35）
North-Holland , Distributors for the U.S.A. and Canada, Elsevier Science, 1987
Available at / 51 libraries
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Research Institute for Economics & Business Administration (RIEB) Library , Kobe University図書
336.24-55081000077826
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Note
Includes index
Description and Table of Contents
Description
This monograph investigates the intersectoral, international, and intertemporal allocation effects of alternative systems of capital income taxation characterized by different degrees of integration between corporate and personal taxation, depreciation rules, provisions for interest deductibility, and the like. The systems studied include those of the OECD countries as well as proposed systems advocated by various authors and tax committees. In contrast to the ``Harberger literature'', the book provides a microfoundation for the analysis of tax distortions. It is not assumed that the various components of capital income taxation can be lumped together as an ``effective tax rate'' that captures all the information relevant for assessing the distortions. Instead, the allocative roles of these components are explicitly derived from the households' and firms' optimization problems. Much emphasis is placed on the tax-induced interaction between the firms' real and financial decisions, and it is argued that this interaction fundamentally changes the nature of many of the tax distortions traditionally claimed for the real economy, sometimes even reversing their direction.
Table of Contents
Introduction. Introduction to the Theory of Intertemporal Allocation. Fisher, Solow, and the General Intertemporal Equilibrium. Taxes and the Decision Problem of the Firm. Taxation and the Financial Decisions of the Firm. Investment, Finance, and Taxation. Taxation, Industry Structure, and the Legal Status of Firms. Taxation and International Capital Movements. Intertemporal General Equilibrium with Taxation. Taxation and Economic Growth. Dynamic Incidence. Alternatives to Capital Income Taxation. Appendixes. Indexes.
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