05561oam 22014894 450 991078852020332120230829002111.01-4623-9218-01-4527-6931-11-282-39175-597866138201811-4519-0911-X(CKB)3360000000443059(EBL)3014310(SSID)ssj0000940030(PQKBManifestationID)11491947(PQKBTitleCode)TC0000940030(PQKBWorkID)10946629(PQKB)10209692(OCoLC)712989239(MiAaPQ)EBC3014310(IMF)WPIEE2006117(EXLCZ)99336000000044305920020129d2006 uf 0engur|n|---|||||txtccrA Superior Hybrid Cash-Flow Taxon Corporations /Howell ZeeWashington, D.C. :International Monetary Fund,2006.1 online resource (25 p.)IMF Working Papers"May 2006."1-4518-6377-2 Includes bibliographical references.""Contents""; ""I. INTRODUCTION""; ""II. MERITS AND LIMITATIONS OF R-CFT AND S-CFT""; ""III. NATURE OF MODIFIED S-CFT""; ""IV. CONCLUDING REMARKS""; ""REFERENCES""This paper proposes a new hybrid cash-flow tax on corporations that, on one hand, taxes only excess corporate profits as they accrue, and, on the other hand, treats real and financial transactions neutrally. It is, therefore, a superior tax compared to the cash-flow tax on real transactions that seems to have gained common acceptance. The hybrid tax is a modified version of the cash-flow tax on real and financial transactions combined. The modification involves replacing expensing of fixed assets with normal depreciation allowances, but the undepreciated value of fixed assets is carried forward with interest at the opportunity cost of equity capital.IMF Working Papers; Working Paper ;No. 2006/117CorporationsTaxationEconometric modelsInternational business enterprisesTaxationInvestments: GeneralimfMoney and Monetary PolicyimfPersonal Finance -TaxationimfCorporate TaxationimfCriminologyimfTaxation, Subsidies, and Revenue: GeneralimfBusiness Taxes and SubsidiesimfMonetary SystemsimfStandardsimfRegimesimfGovernment and the Monetary SystemimfPayment SystemsimfPersonal Income and Other Nonbusiness Taxes and SubsidiesimfIllegal Behavior and the Enforcement of LawimfInvestmentimfCapitalimfIntangible CapitalimfCapacityimfCorporate & business taximfMonetary economicsimfPublic finance & taxationimfCorporate crimeimfwhite-collar crimeimfMacroeconomicsimfCorporate income taximfCurrenciesimfTax allowancesimfAnti-money laundering and combating the financing of terrorism (AML/CFT)imfDepreciationimfTaxesimfMoneyimfCrimeimfNational accountsimfCorporationsimfTaxationimfIncome taximfMoney launderingimfSaving and investmentimfUnited StatesimfCorporationsTaxationEconometric models.International business enterprisesTaxation.Investments: GeneralMoney and Monetary PolicyPersonal Finance -TaxationCorporate TaxationCriminologyTaxation, Subsidies, and Revenue: GeneralBusiness Taxes and SubsidiesMonetary SystemsStandardsRegimesGovernment and the Monetary SystemPayment SystemsPersonal Income and Other Nonbusiness Taxes and SubsidiesIllegal Behavior and the Enforcement of LawInvestmentCapitalIntangible CapitalCapacityCorporate & business taxMonetary economicsPublic finance & taxationCorporate crimewhite-collar crimeMacroeconomicsCorporate income taxCurrenciesTax allowancesAnti-money laundering and combating the financing of terrorism (AML/CFT)DepreciationTaxesMoneyCrimeNational accountsCorporationsTaxationIncome taxMoney launderingSaving and investmentZee Howell1462075International Monetary Fund.Fiscal Affairs Dept.DcWaIMFBOOK9910788520203321A Superior Hybrid Cash-Flow Taxon Corporations3670925UNINA