Keuschnigg, Christian; Keuschnigg, Mirela - In: National Tax Journal 65 (2012) 2, pp. 357-85
This paper discusses transition strategies that might be used in moving from an income tax to consumption based business taxes in the form of an R-base cash-flow tax, an R+F-base tax, or an ACE (allowance for corporate equity) tax. While these three taxes have attractive neutrality properties,...