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Tax Reform and the Cost of Capital An International Comparison by Dale W. Jorgenson

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Published by Brookings Institution Press .
Written in English

Subjects:

  • Taxation,
  • Politics/International Relations,
  • Capital levy,
  • Business / Economics / Finance,
  • Taxation - General,
  • International - Taxation,
  • Capital gains tax,
  • Income tax

Book details:

Edition Notes

ContributionsRalph Landau (Editor)
The Physical Object
FormatPaperback
Number of Pages500
ID Numbers
Open LibraryOL8050026M
ISBN 100815747152
ISBN 109780815747154

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Tax Reform and the Cost of Capital The tax reform movement that swept the U.S., Great Britain, and most other industrialized nations during the last decade has focused attention on international. The success of the cost of capital approach is due in large part to its ability to assimilate a virtually unlimited amount of descriptive detail on alternative tax policies. In order to provide guidance to students and practitioners, the book contains a full implementation of the approach for the USA, including an analysis of the alternative proposals that culminated in the highly influential Tax Reform . The Lindahl Lectures, inaugurated by the University of Uppsala on Monetary and Fiscal Policy, are given every two years in honour of Erik Lindahl, a distinguished Swedish economist. Tax Reform and the Cost of Capital, the first set of lectures in the series, surveys the new theoretical links between monetary theory and public finance. Within the past decade, the cost of capital has assumed a central role in tax reform debates through the closely related concept of the marginal effective tax rate. This book provides a comprehensive treatment of the cost of capital approach to tax policy analysis.

Tax Reform and the Cost of Capital, the first set of lectures in the series, surveys the new theoretical links between monetary theory and public finance. The book is divided into three sections: the cost of capital; the cost of elasticities and the costs of reform; and the trade-off between equity and efficiency. Capital income taxation involves a complicated web of issues. The conceptual framework of the annualized rental cost of capital and the marginal effective tax rate on capital income "facilitates the representation of the economically relevant features of highly complex tax statutes in . The Tax Reform Act of and the Cost of Capital Alan J. Auerbach T he broad outlines of the recently passed Tax Reform Act of suggest a shift in the tax burden toward business. Over the five-year period –, corporate tax revenues are projected to increase by $ billion with individual tax revenues declining by $ billion. The Duff & Phelps Cost of Capital Navigator guides you through the process of estimating the cost of capital, a key component of any valuation analysis. Learn More Learn More. From valuing individual securities or capital projects to evaluating mergers or acquisitions, estimating the cost of capital is one of the most important decisions that.

  texts All Books All Texts latest This Just In Smithsonian Libraries FEDLINK (US) Genealogy Lincoln Collection. National Emergency Library. Top Tax reform and the cost of capital: an international comparison Item Preview remove-circle Share or Embed This : The act will increase the true interest cost by reducing the income tax savings due to the deduction of interest expense in calculating taxable income. For example, assume a business has $10 million in interest expense. At a 37% income tax rate, the true cost of debt capital is $10 million x (1 – 37%) = $ . Jorgenson, Dale W, and R Landau. Tax Reform and the Cost of Capital: An International Comparison. Washington: The Brookings Institution, Cited by: Tax reform and the cost of capital. [Dale W Jorgenson; Kun-Young Yun] -- This book provides a comprehensive treatment of the cost of capital approach to tax policy analysis. It contains a full implementation of the approach for the USA, including an analysis of the.