Explain how corporate income could be taxed under a comprehensive income tax without recourse to a corporate
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Explain how corporate income could be taxed under a comprehensive income tax without recourse to a corporate income tax. How can separate taxation of corporate income be justified? Given the favorable treatment of capital gains under the current rules of the personal income tax, what would be some of the consequences of eliminating separate taxation of corporate income?
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Under a comprehensive income tax system without a corporate income tax corporate income could be taxed at the individual shareholder level rather than at the corporate level This means that the profit...View the full answer
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Related Book For
Public Finance A Contemporary Application Of Theory To Policy
ISBN: 9780538754460
10th Edition
Authors: David N Hyman
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