CORPORATE TAX INTEGRATION: THE ESTIMATED EFFECTS ON CAPITAL ACCUMULATION AND TAX DISTRIBUTION OF TWO INTEGRATION PROPOSALS

摘要: This paper explores some of the economic effects two alternative proposals for corporate tax integration : complete and a partial method that keeps burden on income unchanged. We argue either proposal would be desirable because favorable efficiency capital markets. Complete have greater benefits than , particularly with respect to allocation consumption over time between noncorporate activities. Microeconomic simulations using TAXSIM model 1973 Treasury Tax File show form reduce taxes relatively more low individuals actually raise high individuals.