01755cas a2200253 a 4500 AALejournalIMF003566 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451841688 1018-5941 BD-DhAAL BD-DhAAL Schutte, Christian. Cash-Flow Tax / Christian Schutte, Parthasarathi Shome. Washington, D.C. : International Monetary Fund, 1993. 1 online resource (30 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The cash-flow tax has been proposed as an alternative to corporate income tax on grounds of clarity and simplicity in defining the tax base in the face of widespread departures from the comprehensive income tax in actual practice. Variants of the tax, with their advantages and disadvantages, demonstrate that it would require careful design. Simplicity is not an obvious property because of expectable administration problems related to tax avoidance and evasion through transfer pricing; to inflation adjustments; and to incompatibility with existing international tax regimes. Thus, the tax remains theoretically attractive but difficult to implement by a single--especially developing--country. Mode of access: Internet Shome, Parthasarathi. IMF Working Papers; Working Paper ; No. 1993/002 Full text available on IMF http://elibrary.imf.org/view/journals/001/1993/002/001.1993.issue-002-en.xml IMF e-Library