The Johansson-Samuelson theorem in general equilibrium: a rebuttal

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.

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Year of publication:	2008
Authors:	Menoncin, Francesco ; Panteghini, Paolo M.
Publisher:	Munich : Center for Economic Studies and ifo Institute (CESifo)
Subject:	Einkommensteuer \| Besteuerungsgrundsatz \| Investitionsrechnung \| Steuerbegünstigung \| Allgemeines Gleichgewicht \| Theorie \| General equilibrium \| investment neutrality \| uniform taxation

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Series:	CESifo Working Paper ; 2352
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	572276583 [GVK] hdl:10419/26397 [Handle]
Classification:	H25 - Business Taxes and Subsidies ; H32 - Firm
Source:	EconStor

Persistent link: https://www.econbiz.de/10010276144