The Johansson-Samuelson Theorem in General Equilibrium: A Rebuttal

Francesco Menoncin () and Paolo Panteghini

No 2352, CESifo Working Paper Series from CESifo

Abstract: The well-known Johansson-Samuelson Theorem proves that, in partial equilibrium, comprehensive income taxation with a uniform tax rate is neutral in terms of investment decisions, if fiscal depreciation allowances coincide with economic depreciation. In this article we show that this result does not hold in general equilibrium, unless fairly restrictive conditions are met.

Keywords: general equilibrium; investment neutrality; uniform taxation (search for similar items in EconPapers)
JEL-codes: H25 H32 (search for similar items in EconPapers)
Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.cesifo.org/DocDL/cesifo1_wp2352.pdf (application/pdf)

Related works:
Journal Article: The Johansson-Samuelson Theorem in General Equilibrium: A Rebuttal (2013)
Working Paper: The Johansson-Samuelson Theorem in General Equilibrium: A Rebuttal (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_2352

Access Statistics for this paper

More papers in CESifo Working Paper Series from CESifo Contact information at EDIRC.
Bibliographic data for series maintained by Klaus Wohlrabe ().