The Economic Effects of the Corporate Income Tax: Changing Revenues and Changing Views

Alan J. Auerbach

NBER Working Paper No. 1519
Issued in December 1984
NBER Program(s):   ME

This paper reviews recent empirical research studying the impact of the U.S. corporate income tax on the behavior of firms. Four areas are discussed:(1) The extent to which dividend taxation imposes a "double tax" on corporate source earnings;(2) The historical impact of tax incentives on the incentives to investand the value of corporate equity;(3) The effects of limited loss offset provisions on the incentives to invest in risky assets; and(4) The determinants of corporate leverage.

(425 K)

(186 K)

Published:

• Auerbach, Alan J. "The Economic Effects of the Corporate Income Tax: Changing Revenues and Changing Views," Financing Corporate Capital Formation, B . Friedman (ed). Chicago: UCP, 1986, pp. 107-121. ,
• The Economic Effects of the Corporate Income Tax:Changing Revenues and Changing Views, Alan J. Auerbach, in Financing Corporate Capital Formation (1986), University of Chicago Press
  

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