Four different approaches to the integration of corporate and personal income taxes are discussed in terms of their effects upon the dividend payout ratio, total private saving, corporate investment, allocative efficiency and equity. It is concluded that the choice between the approaches must...

High priority is attached, in both developed and less developed countries, to augmenting the rate of domestic saving. This paper considers experience with various types of fiscal inducement for household saving. These inducements enter the tax system either as deductions or credits for...