Capital Structure Neutrality in the Corporate Context
Herwig J. Schlunk
Vanderbilt University - Law School
Michigan Law Review
Under the two-tier Federal income tax system currently in place, a corporation's capital structure affects the amount of tax it and its interest holders jointly pay. This article endeavors to characterize all possible two-tier (income) tax schemes which do not share this problem, i.e., under which a corporation's capital structure does not affect joint tax collections.
Number of Pages in PDF File: 38
JEL Classification: K34Accepted Paper Series
Date posted: July 18, 2000
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