Cash-Flow Tax

Parthasarathi Shome and Christian Schutte
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Parthasarathi Shome: International Monetary Fund
Christian Schutte: International Monetary Fund

IMF Staff Papers, 1993, vol. 40, issue 3, 638-662

Abstract: The cash-flow tax has been proposed as an alternative to the corporate income tax on grounds that it would define the tax base more clearly and more simply in the face of widespread departures from the comprehensive income tax of actual practice. The cash-flow tax, and its variants, would require careful design. Simplicity may prove elusive because of anticipated administrative 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.

JEL-codes: H24 H25 H87 (search for similar items in EconPapers)
Date: 1993
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