Canada-U.S. tax comparisons / edited by John B. Shoven and John Whalley.

Format:

Book

Contributor:

Shoven, John B.

Whalley, John.

Series:

National Bureau of Economic Research project report.

A National Bureau of Economic Research project report

Language:

English

Subjects (All):

Taxation--Canada.

Taxation.

Taxation--United States.

Physical Description:

1 online resource (400 pages) : illustrations

Edition:

1st ed.

Place of Publication:

Chicago : University of Chicago Press, 1992.

Language Note:

English

Summary:

In the increasingly global economy, domestic tax policies have taken on a new importance for international economics. This unique volume compares the tax reform experiences of Canada and the United States, two countries with the world's largest bilateral flow of trade and investment. With the signing of the U.S.-Canada Free Trade Agreement and the tax reforms of the 1980's, there has been some harmonization of tax systems. But geographic, cultural, and political characteristics shape distinct national social policies that may impede harmonization. As the U.S. and Canadian economies become even more integrated, differences in tax systems will have important effects, in particular on the relative rates of economic growth. In this timely study, scholars from both countries show that, while the United States and Canada exhibit similar corporate tax structures and income tax systems, they have very different approaches to sales tax and social security taxes. Despite these differences, the two countries generate roughly the same amounts of revenue, produce similar costs of capital, and produce comparable distributions of income.

Contents:

Front matter

Contents

Preface

Introduction

1. Pressures for the Harmonization of Income Taxation between Canada and the United States

2. Canada-U.S. Free Trade and Pressures for Tax Coordination

3. Income Security via the Tax System: Canadian and American Reforms

4. Tax Incidence: Annual and Lifetime Perspectives in the United States and Canada

5. Tax Effects on the Cost of Capital

6. The Cost of Capital in Canada, the United States, and Japan

7. The Impact of U.S. Tax Reform on Canadian Stock Prices

8. Tax Aspects of Policy toward Aging Populations

9. Taxation and Housing Markets

10. What Can the United States Learn from the Canadian Sales Tax Debate?

11. Subnational Tax Harmonization, Canada and the United States: Intent, Results, and Consequences

12. Reflections on Canada-U. S . Tax Differences: Two Views

Contributors

Author Index

Subject Index

Notes:

Description based upon print version of record.

Includes bibliographical references and indexes.

ISBN:

9786611224035

9781281224033

1281224030

9780226754826

0226754820

OCLC:

476227920