Taxes and capital formation / edited by Martin Feldstein.

Format:

Book

Contributor:

Feldstein, Martin S.

Series:

National Bureau of Economic Research project report.

A National Bureau of Economic Research project report

Language:

English

Subjects (All):

Saving and investment--United States.

Saving and investment.

Taxation--United States.

Taxation.

Physical Description:

1 online resource (134 pages)

Edition:

1st ed.

Place of Publication:

Chicago : University of Chicago Press, 1987.

Language Note:

English

Summary:

Economists have long recognized the importance of capital accumulation for productivity and economic growth. The National Bureau of Economic Research is currently engaged in a study of the relationship between such accumulation and taxation policies, with particular focus on saving, risk-taking, and corporate investment in the United States and abroad. The papers presented in Taxes and Capital Formation are accessible, nontechnical summaries of fourteen individual research projects within that study. Complete technical reports on this research are published in a separate volume, The Effects of Taxation on Capital Accumulation, also edited by Martin Feldstein. By addressing some of the most critical policy issues of the day with a minimum of economic jargon, Taxes and Capital Formation makes the results of Bureau research available to a wide audience of policy officials and staff as well as to members of the business community. The volume should also prove useful for courses in public policy, business, and law. In keeping with Bureau tradition, the papers do not contain policy recommendations; instead, they promote a better understanding of how the economy works and the effects of specific policies on particular aspects of the economy.

Contents:

Front matter

Contents

Acknowledgments

Introduction

1. Individual Retirement Accounts and Saving

2. Rates, Realizations, and Revenues of Capital Gains

3. Corporate Capital Budgeting Practices and the Effects of Tax Policies on Investment

4. The Tax Treatment of Structures

5. Tax Reform and the Slope of the Playing Field

6. Tax Rules and Business Investment

7. Tax Policy and the International Location of Investment

8. Anticipated Tax Changes and the Timing of Investment

9. Tax-Loss Carryforwards and Corporate Tax Incentives

10. Tax Asymmetries and Corporate Income Tax Reform

11. Consumer Spending and the After-Tax Real Interest Rate

12. The Impact of Fundamental Tax Reform on the Allocation of Resources

13. The Value-added Tax: A General Equilibrium Look at Its Efficiency and Incidence

14. The Cash Flow Corporate Income Tax

Contributors

Author Index

Subject Index

Notes:

Description based upon print version of record.

Includes bibliographies and index.

ISBN:

9786611223328

9781281223326

1281223328

9780226241852

0226241858

OCLC:

476229300