| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w3781 |
| 来源ID | Working Paper 3781 |
| How Much Do Taxes Discourage Incorporation. | |
| Jeffrey K. MacKie-Mason; Roger H. Gordon | |
| 发表日期 | 1991-07-01 |
| 出版年 | 1991 |
| 语种 | 英语 |
| 摘要 | One of the most basic distortions created by the double taxation of corporate income is the disincentive to incorporate. In this paper, we investigate the extent to which the aggregate allocation of assets and taxable income in the U.S. between corporate vs. noncorporate forms of organization during the period 1959-86 has responded to the size of the tax distortion discouraging firms from incorporating. In theory, profitable firms should shift out of the corporate sector when the tax distortion to incorporating is larger, and conversely for firms with tax losses. Our empirical results provide strong support for these theoretical forecasts, and hold consistently across a wide variety of specifications and measures of the tax variables. Measured effects are small, however, throwing doubt on the economic importance of tax-induced changes in organizational form. |
| 主题 | Public Economics ; Taxation ; Financial Economics ; Corporate Finance |
| URL | https://www.nber.org/papers/w3781 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/561103 |
| 推荐引用方式 GB/T 7714 | Jeffrey K. MacKie-Mason,Roger H. Gordon. How Much Do Taxes Discourage Incorporation.. 1991. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w3781.pdf（1133KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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