APPROACHES TO EFFICIENT CAPITAL TAXATION - LEVELING THE PLAYING FIELD VS LIVING BY THE GOLDEN-RULE
成果类型：
Article
署名作者：
GOULDER, LH; THALMANN, P
署名单位：
University of Geneva
刊物名称：
JOURNAL OF PUBLIC ECONOMICS
ISSN/ISSBN：
0047-2727
DOI：
10.1016/0047-2727(93)90048-X
发表日期：
1993
页码：
169-196
关键词：
摘要：
This paper analyzes intersectional and intertemporal efficiency effects of the Tax Reform Act of 1986 using a general equilibrium model that considers impacts of taxes on the allocation of capital across industries, assets, sectors, and time. The model pays close attention to capital adjustment dynamics. We find that the 1986 reform worsened the intertemporal efficiency of resource allocation by increasing marginal effective tax rates on various uses and types of capital. This negative efficiency effect is more than offset, however, by positive effects from an improved intersectoral allocation of capital and a reduction of labor market distortions.
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