dc.contributor.author | Schlunk, Herwig J. | |
dc.date.accessioned | 2014-08-21T17:10:02Z | |
dc.date.available | 2014-08-21T17:10:02Z | |
dc.date.issued | 2003 | |
dc.identifier.citation | 56 Tax L. Rev. 329 (2003) | en_US |
dc.identifier.uri | http://hdl.handle.net/1803/6669 | |
dc.description.abstract | This Article began with a search for a theoretical underpinning that
could explain the structure of the current corporate income tax regime,
and found such underpinning lacking. It proposed an alternative
underpinning for a "corporate" income tax based on the theory of
the firm. The basic idea is that every firm generates incremental economic
returns that would not be achieved but for its organizational
structure as a firm. Thus, a sovereign could rationally choose to confiscate
a portion of such returns, since it has made such returns possible
(by enacting legislation that recognizes firms, etc.). (Whether or
not a sovereign should confiscate a portion of such returns is a different
matter entirely.) If it chooses to do so, the resulting "corporate"
tax would not be a corporate tax at all, but a tax on all entities.
The Article then showed how such an entity income tax might be
structured. | en_US |
dc.format.extent | 1 PDF (135) | en_US |
dc.format.mimetype | application/pdf | |
dc.language.iso | en_US | en_US |
dc.publisher | Tax Law Review | en_US |
dc.subject.lcsh | Corporations -- Taxation | en_US |
dc.subject.lcsh | Taxation -- Law and legislation -- United States | en_US |
dc.title | I Come Not to Praise the Corporate Income Tax, But to Save It | en_US |
dc.type | Article | en_US |
dc.identifier.ssrn-uri | http://ssrn.com/abstract=415260 | |