Vol. 2 : Tax Policy and the Cost of Capital

eBook - 1996
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MIT Press
These studies of the cost of capital will inspire and guide policy-makers who share the goal of making the allocation of capital in a market economy more efficient.

Volume 2 is devoted to the cost of capital approach to tax policy. This approach has supplied an important intellectual impetus for reforms of capital income taxation in the United States and around the world. Widespread applications of the cost of capital and the closely related concept of the marginal effective tax rate are due to the fact that these concepts facilitate the representation of economically relevant features of complex tax statutes in a highly succinct form.

Book News
A collection of papers by a Harvard University economics professor written between 1967 and 1991, devoted to the cost of capital approach to tax policy. Subjects include technology and decision rules in the theory of investment behavior, the economic impact of investment incentives, the investment tax credit and counter-cyclical policy, inflation and corporate capital recovery, tax reform and US economic growth, and the excess burden of taxation in the US. Annotation c. by Book News, Inc., Portland, Or.

Publisher: Cambridge, Mass. : MIT Press, ©1996
ISBN: 9780585346182
Characteristics: 1 online resource (468 pages) : illustrations


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