| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w9535 |
| 来源ID | Working Paper 9535 |
| A New Summary Measure of the Effective Tax Rate on Investment | |
| Roger Gordon; Laura Kalambokidis; Joel Slemrod | |
| 发表日期 | 2003-03-10 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | The empirical literature that seeks to measure the effective tax rate on new investment offers a striking paradox. On the one hand, summary measures of the effective tax rate on new investment are normally quite high. On the other hand, the amount of revenue actually collected from taxing capital income is apparently very low. In this paper we derive explicitly how revenue figures (under the existing system and under a hypothetical R-base tax) can be used to construct an estimate of the true effective tax rate on capital income, and how this measure and existing measures are affected by several factors, including resale of assets (churning), risk, pure profits, debt finance and arbitrage, and choice of organizational form.We conclude that our new methodology provides a very useful, but not fail-safe, approach for measuring the effective tax rate on new investment. It is much more robust than the standard measures, such as King-Fullerton marginal effective tax rates complications in the tax law. In trying to reconcile the high conventional measures of the effective tax rate with the low revenue collected, we conclude that the effective tax rate does seem to be much lower than existing measures suggest. |
| 主题 | Public Economics ; Taxation |
| URL | https://www.nber.org/papers/w9535 |
| 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/567157 |
| 推荐引用方式 GB/T 7714 | Roger Gordon,Laura Kalambokidis,Joel Slemrod. A New Summary Measure of the Effective Tax Rate on Investment. 2003. |
| 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 | ||
| w9535.pdf（287KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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