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...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Zee, Howell
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 2006.
Sarja:IMF Working Papers; Working Paper ; No. 2006/117
Linkit:Full text available on IMF
LEADER 01675cas a2200241 a 4500
001 AALejournalIMF004155
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781451863772 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Zee, Howell. 
245 1 2 |a A Superior Hybrid Cash-Flow Taxon Corporations /  |c Howell Zee. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2006. 
300 |a 1 online resource (25 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2006/117 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2006/117/001.2006.issue-117-en.xml  |z IMF e-Library