Neutral Income Tax Systems

Deborah Schanz () and Sebastian Schanz ()
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Deborah Schanz: Chair of Taxation and Accounting
Sebastian Schanz: University of Magdeburg

Chapter Chapter 5 in Business Taxation and Financial Decisions, 2011, pp 159-213 from Springer

Abstract: Abstract In this chapter we introduce the idea of neutrality as a superior objective of tax systems. We illustrate common models of neutral taxation and discuss critically how they are and can be implemented in practice. The models discussed are the cash flow tax, the allowance for corporate equity tax and the Johansson/Samuelson tax. After studying this chapter you will know why neutral taxation is essential from an efficient macroeconomic perspective and from an investor’s perspective. You are able to distinguish different types of neutral tax systems and you are able to evaluate their relevance in practice.

Keywords: Residual Income; Cash Account; Impute Interest (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-03284-4_5

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DOI: 10.1007/978-3-642-03284-4_5

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