Financing corporate tax cuts with shareholder taxes
| dc.contributor.author | Ateşağaoğlu, Orhan Erem | |
| dc.date.accessioned | 2022-11-14T09:19:19Z | |
| dc.date.available | 2022-11-14T09:19:19Z | |
| dc.date.issued | 2022-01 | |
| dc.description.abstract | Abstract: We study the aggregate and distributional consequences of replacing corporate profit taxes with shareholder taxes, namely taxes on dividends and capital gains, in a setting with incomplete markets and heterogeneity at both the household and the firm level. The reform yields distributional gains with a large majority of households benefiting. Moreover, if dividend and capital gains are taxed at the same rate, the reform is also efficiency-enhancing and the implied optimal corporate income tax rate is zero. In contrast, an asymmetric tax treatment of dividend and capital gains induces a trade-off between efficiency and distributional concerns that is optimally resolved at a positive optimal corporate tax rate, implying double taxation. Copyright © 2022 The Authors. | en_US |
| dc.fullTextLevel | Full Text | en_US |
| dc.identifier.doi | 10.3982/QE1167 | en_US |
| dc.identifier.issn | 1759-7323 | |
| dc.identifier.scopus | 2-s2.0-85123642431 | en_US |
| dc.identifier.uri | https://hdl.handle.net/11411/4672 | |
| dc.identifier.uri | https://doi.org/10.3982/QE1167 | |
| dc.identifier.wos | WOS:000747171100012 | en_US |
| dc.identifier.wosquality | Q1 | en_US |
| dc.indekslendigikaynak | Web of Science | en_US |
| dc.indekslendigikaynak | Scopus | en_US |
| dc.issue | 1 | en_US |
| dc.language.iso | en | en_US |
| dc.national | International | en_US |
| dc.numberofauthors | 3 | en_US |
| dc.pages | 315 - 354 | en_US |
| dc.publisher | John Wiley and Sons Ltd | en_US |
| dc.relation.ispartof | Quantitative Economics | en_US |
| dc.relation.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | en_US |
| dc.rights | info:eu-repo/semantics/openAccess | en_US |
| dc.title | Financing corporate tax cuts with shareholder taxes | en_US |
| dc.type | Article | en_US |
| dc.volume | 13 | en_US |
