000			02094nab#a2200277#c#4500
003			IEF
005			20180619144741.0
008			171024s2017 USA|| #####0 b|ENG|u
040			_aIEF
041			_aENG
100	1		_aBurman, Leonard Emanuel _98034
245			_aIs U.S. corporate income double - taxed ? _c Leonard E. Burman, Kimberly A. Clausing and Lydia Austin
260			_c2017
500			_aDisponible también en línea a través de la Biblioteca del Instituto de Estudios Fiscales. Resumen. Conclusión. Bibliografía.
650		4	_aIMPUESTOS _947460
650		4	_aDOBLE IMPOSICION _942842
650		4	_aESTADOS UNIDOS _942888
520			_aUsing data from several sources, we show that the vast majority ofcorporate income is not double-taxed in the United States. We estimate that thetaxable share of U.S. corporate equity has declined dramatically in recent years, from over 80 percent in 1965 to about 30 percent at present. We discuss the causes of these dramatic changes in the taxable share of corporate stock. Severalfactors explain the shift, includingchanges in retirement finance, demographic changes, changes in the prevalence of pass-through business organizations, andthe increased globalization of capital markets. These findings are important for the development of corporate tax policy.Moving the capital tax burden to the individual income tax, as some have proposed, without reforming tax preferences that currently exempt much corporate equity from taxation under the individualincome tax, would lead to a large revenue loss. These findings also have implications for other important questions in public economics, including the measurement of the cost of capital, the importance of capital gains lock-in effects, theconsequences of changes in dividend taxation, and the natureof clientele effects.
650		4	_948454 _aSOCIEDADES
700	1		_aClausing, Kimberly A. _910518
700	1		_aAustin, Lydia _964586
773	0		_tNational tax journal _w86491 _gv. 70, n. 3, September 2017, p. 675-706
942			_cART
942			_z148730
999			_c102963 _d102963