INFLATION AND THE DISTRIBUTION OF THE CORPORATE INCOME TAX BURDEN: ABSTRACT
This paper assesses the nature and extent of the effects of inflation upon the cross-sectional distribution of the corporate income tax burden from 1961 through 1984. The purpose of the study is to determine to what extent, if any, the failure to index the tax system has been mitigated by existing f...
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| Veröffentlicht in: | National tax journal 1986-06, Vol.39 (2), p.171 |
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| container_title | National tax journal |
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| creator | Bernard, Victor L Hayn, Carla |
| description | This paper assesses the nature and extent of the effects of inflation upon the cross-sectional distribution of the corporate income tax burden from 1961 through 1984. The purpose of the study is to determine to what extent, if any, the failure to index the tax system has been mitigated by existing features of the tax code. The study shows that some of the major effects of inflation upon the distribution of the corporate tax burden have been offset by liberalized investment tax credits, increased acceleration of depreciation allowances, and the deductibility of nominal, rather than real interest expense. However, even after taking into account these offsetting effects, an important re- maining impact of inflation appears to have been a magnification of the already- existing cross-industry dispersion in real effective tax burdens. |
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The purpose of the study is to determine to what extent, if any, the failure to index the tax system has been mitigated by existing features of the tax code. The study shows that some of the major effects of inflation upon the distribution of the corporate tax burden have been offset by liberalized investment tax credits, increased acceleration of depreciation allowances, and the deductibility of nominal, rather than real interest expense. 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The purpose of the study is to determine to what extent, if any, the failure to index the tax system has been mitigated by existing features of the tax code. The study shows that some of the major effects of inflation upon the distribution of the corporate tax burden have been offset by liberalized investment tax credits, increased acceleration of depreciation allowances, and the deductibility of nominal, rather than real interest expense. 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| fulltext | fulltext |
| identifier | ISSN: 0028-0283 |
| ispartof | National tax journal, 1986-06, Vol.39 (2), p.171 |
| issn | 0028-0283 1944-7477 |
| language | eng |
| recordid | cdi_proquest_journals_207467330 |
| source | EBSCOhost Business Source Complete; JSTOR Archive Collection A-Z Listing; EBSCOhost Education Source; Alma/SFX Local Collection |
| subjects | Accelerated cost recovery system Corporate income tax Corporate taxes Interest rates Investments Real income Securities markets Stock exchanges Tax credits Tax rates Tax regulations |
| title | INFLATION AND THE DISTRIBUTION OF THE CORPORATE INCOME TAX BURDEN: ABSTRACT |
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