On the design of a neutral business tax under uncertainty

Article Abstract:

A 1984 paper by R. Boadway and N. Bruce proposes a tax on the current earnings of a firm after deducting the cost of economic depreciation and the opportunity cost of finance. The proposed system has neutral effects on the investment decisions of value-maximizing firms in the presence of symmetric taxable profits and losses, constant tax rates and costs of finance that remain unaffected despite the tax. The system is shown to be neutral with respect to investment decisions under uncertainty, particularly in the presence of debt.

Reports, Profit, Profits, Tax research, Uncertainty

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Do we now collect any revenue from taxing capital income?

Article Abstract:

The most contentious aspects of existing tax systems is regarding the treatment of capital income. Under the existing tax structure, lower income tax-payers investing heavily in taxable bonds have lower after-tax income.

Public Finance Activities, Tax Administration, Tax administration and procedure, Capital levy, Capital taxes

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Generalised R-based and S-based taxes under uncertainty

Article Abstract:

The relationship between, two general neutral business taxes are considered under uncertainty. Tax rules are developed in the presence of uncertainty and also, implementation and tax avoidance issues are discussed.

Science & research, Economic research, Tax evasion

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