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Economic Depreciation, Accrual Taxation, and the Samuelson Theorem : An Essay on the Structure of Capital Income Taxation
Sims, Theodore S. - 2012
Samuelson (1964) showed that an income tax with an allowance for "economic" depreciation leads to asset valuations that are independent of their holders' marginal rates of tax. The tax system is then "neutral," in the sense that assets have the same value to all, irrespective of whether or at...
Persistent link: https://www.econbiz.de/10013108285
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Optimal Tax-Timing with Asymmetric Long-Term/Short-Term Capital Gains Tax
Dai, Min - 2015
We develop an optimal tax timing model that takes into account asymmetric long-term and short-term tax rates for positive capital gains and limited tax deductibility of capital losses. In contrast to the existing literature, this model can help explain why many investors not only defer...
Persistent link: https://www.econbiz.de/10013038189
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Why the Optimal Long-Run Tax Rate on Capital is Zero…or Very High : The Missing Explanation
Sanchirico, Chris William - 2020
Judd's (1985) finding that the optimal long-run rate of tax on capital is zero—even if equity is an important social objective—has exerted substantial influence in academic and policy circles over the last quarter century. Only very recently has it become clear that Judd's zero-tax result...
Persistent link: https://www.econbiz.de/10012835424
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Up or down? : capital income taxation in the United States and the United Kingdom
Polito, Vito - 2011
take into account financial constraints on dividend policy faced by firms investing in both the United States and the … United Kingdom. The paper incorporates financial constraints on dividend policy into the analytical framework for the … stable. -- Capital income taxation ; dividend policy ; effective marginal tax rates ; financial constraints …
Persistent link: https://www.econbiz.de/10009229224
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Up or down? : capital income taxation in the United States and the United Kingdom
Polito, Vito - 2010
take into account financial constraints on dividend policy faced by firms investing in both the United States and the … United Kingdom. The paper incorporates financial constraints on dividend policy into the analytical framework for the … stable. -- capital income taxation ; dividend policy ; effective marginal tax rates ; financial constraints …
Persistent link: https://www.econbiz.de/10008749020
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Up or down?: Capital income taxation in the United States and the United Kingdom
Polito, Vito - In: FinanzArchiv : European journal of public finance 68 (2012) 1, pp. 48-82
Persistent link: https://www.econbiz.de/10009517782
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The optimal taxation of dividends in a small open economy
Fuest, Clemens; Huber, Bernd - 2000
dividend income at the household level. A reduction of the tax burden on dividends is therefore merely an undesirable subsidy …
Persistent link: https://www.econbiz.de/10009781629
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Up or Down? Capital Income Taxation in the United States and the United Kingdom
Polito, Vito - 2021
take into account financial constraints on dividend policy faced by firms investing in both the United States and the … United Kingdom. The paper incorporates financial constraints on dividend policy into the analytical framework for the …
Persistent link: https://www.econbiz.de/10013316126
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Optimal corporate taxation under financial frictions
Dávila, Eduardo; Hébert, Benjamin - In: The review of economic studies : RES 90 (2023) 4, pp. 1893-1933
Persistent link: https://www.econbiz.de/10014320481
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Optimal capital taxation and consumer uncertainty
Svec, Justin - 2011
Persistent link: https://www.econbiz.de/10010436913