Generalised R-based and S-based taxes under uncertainty
This paper considers the relationship between two general neutral business tax structures, which we label the ‘firm tax’ and the ‘shareholder tax’. The well-known R-based and S-based cash flow taxes, analysed by Meade (1978), are special cases of these two taxes. We demonstrate the neutrality of bot...
Autors principals: | Devereux, M, Bond, S |
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Format: | Journal article |
Publicat: |
2003
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