Guenther, David A.; Sansing, Richard C. - 2021
We develop a model to investigate the relations among (1) corporate tax incidence, (2) tax capitalization, and (3 …) implicit corporate tax in a competitive equilibrium. The economic pretax return is independent of whether the incidence of the … corporate tax is shifted from shareholders to non-shareholders, such as customers or workers. However, tax incidence does affect …