The Resource An efficiency approach to reforming a realization-based tax

An efficiency approach to reforming a realization-based tax

Label
An efficiency approach to reforming a realization-based tax
Title
An efficiency approach to reforming a realization-based tax
Creator
Subject
Language
eng
Summary
In a previous article (A positive account of the realization rule, TLR (2004), no. 3 ; p. 355-396) the author developed a positive account of the realization rule and concluded that such a rule is an inevitable feature of the US hybrid income tax because an accrual tax is both infeasible and politically unacceptable. Nevertheless, because of efficiency and equity concerns, a pure realization rule is indefensible in a system intended to impose a tax burden on capital. Since neither an accrual tax or a pure realization rule is viable, the task for policymakers is to determine where along the continuum between the two to draw the line. This article develops a model of how policymakers should make that determination. It proposes that in reforming the US hybrid, realization-based tax, policymakers use a methodology borrowed from the economics literature
Citation source
In: Tax law review. - New York. - Vol. 57 (2004),
http://library.link/vocab/creatorName
Schenk, D.H
Geographic coverage
North America
Language note
English
http://library.link/vocab/subjectName
  • disposal
  • tax reform
Label
An efficiency approach to reforming a realization-based tax
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Publication
Label
An efficiency approach to reforming a realization-based tax
Publication

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