Corporate tax integration in the United States: a dynamic general equilibrium analysis

Pereira, Alfredo M.

http://hdl.handle.net/10362/83972

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Autores

Pereira, Alfredo M.

Resumo(s)

This paper analyzes the effects of integrating corporate and personal income taxes using a stylized dynamic general equilibrium model of the United States economy. Simulation results suggest that welfare gains from integration are at best very modest, 17% of the GNP. Also, the average long-run gains are three times as large as the average short-run gains. This intertemporal pattern reflects an adjustment lag in the interindustry investment decisions. Under the Tax Reform Act of 1986, the efficiency gains from integration are much lower than under the previous tax law. This suggests that the change in tax regimes will improve economic efficiency.

URI

http://hdl.handle.net/10362/83972

Citação

Pereira, Alfredo M., Corporate Tax Integration in the United States: A Dynamic General Equilibrium Analysis (April, 1988). FEUNL Working Paper Series No. 87

Editora

Nova SBE

Coleções

NSBE - Working Paper Series

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