[PDF] Inflation Real Interest Tax Wedges And Capital Formation eBook

Author : Martin Feldstein
Publisher : University of Chicago Press
Page : 312 pages
File Size : 47,37 MB
Release : 2009-05-15
Category : Business & Economics
ISBN : 0226241793

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Inflation, Tax Rules, and Capital Formation brings together fourteen papers that show the importance of the interaction between tax rules and monetary policy. Based on theoretical and empirical research, these papers emphasize the importance of including explicit specifications of the tax system in such study.

Author : Martin S. Feldstein
Publisher :
Page : 44 pages
File Size : 27,52 MB
Release : 1981
Category : Inflation
ISBN :

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The present paper analyses the effect of the interaction between tax rules and inflation on the size and allocation of the capital stock with particular emphasis on the role of owner-occupied housing. The analysis is developed in the framework of an economy that is in equilibrium and in which a constant fraction of disposable income is saved. In this model, I show that, with current U.S. tax laws, an increase in the rate of inflation reduces the equilibrium amount of business capital employed in the economy and raises the amount of housing capital. The analysis also shows that a higher rate of inflation lowers the real net-of-tax rate of return to the provider of business capital. In a richer model than the current one, i.e., in a model in which the rate of personal saving was an increasing function of the net rate of return, a higher inflation rate would therefore lower the rate of saving. The present analysis also shows that permitting firms to depreciate investments more rapidly for tax purposes increases the accumulations of business capital but that, unless firms are permitted to expense all in- vestment immediately, an increase in in£ lat ion continues to depress the accumulation of business capital.

Author : C. Eugene Steuerle
Publisher : Brookings Institution Press
Page : 232 pages
File Size : 41,77 MB
Release : 1985
Category : Capital levy
ISBN :

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Research papers on the relations between income tax, credit policy and inflation in the USA - covers individual income tax, corporation tax, interest rates, credit system, tax and financial arbitrage, macroeconomics of fiscal policy, tax incentives for saving and investment, effects on business organizations, prescriptions for major tax reform (return to the gold standard). References, statistical tables.

Author : Chun-yŏng Kim
Publisher : Routledge
Page : 200 pages
File Size : 36,57 MB
Release : 1998
Category : Capital
ISBN :

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A study on tax reform, cost of capital, and capital accumulation to guide policy-makers who share the goal of making the capital accumulation more efficient. This approach traces the economic growth in Korea, and discovers empirical evidences

Author : Joseph J. Cordes
Publisher : The Urban Insitute
Page : 522 pages
File Size : 12,24 MB
Release : 2005
Category : Business & Economics
ISBN : 9780877667520

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"From adjusted gross income to zoning and property taxes, the second edition of The Encyclopedia of Taxation and Tax Policy offers the best and most complete guide to taxes and tax-related issues. More than 150 tax practitioners and administrators, policymakers, and academics have contributed. The result is a unique and authoritative reference that examines virtually all tax instruments used by governments (individual income, corporate income, sales and value-added, property, estate and gift, franchise, poll, and many variants of these taxes), as well as characteristics of a good tax system, budgetary issues, and many current federal, state, local, and international tax policy issues. The new edition has been completely revised, with 40 new topics and 200 articles reflecting six years of legislative changes. Each essay provides the generalist with a quick and reliable introduction to many topics but also gives tax specialists the benefit of other experts' best thinking, in a manner that makes the complex understandable. Reference lists point the reader to additional sources of information for each topic. The first edition of The Encyclopedia of Taxation and Tax Policy was selected as an Outstanding Academic Book of the Year (1999) by Choice magazine."--Publisher's website.