An Accretion Corporate Income Tax

Stanford Law Review, Vol. 49, No. 1, November 1996.

Posted: 21 Oct 1996

See all articles by Michael S. Knoll

Michael S. Knoll

University of Pennsylvania Law School; University of Pennsylvania Wharton School -- Real Estate Department

Abstract

This paper also describes how to implement the tax. In order for the tax to fall on income requires some adjustments. The basic rule for making these adjustments is to add nondeductible expenditures, such as dividends and federal income taxes, and to subtract nonincludable items, such as the proceeds of loans and equity offerings. The tax would also require the periodic valuation of nontraded securities, such as stock options issued to management, using option pricing techniques.

JEL Classification: H25

Suggested Citation

Knoll, Michael S., An Accretion Corporate Income Tax. Stanford Law Review, Vol. 49, No. 1, November 1996.. Available at SSRN: https://ssrn.com/abstract=10172

Michael S. Knoll (Contact Author)

University of Pennsylvania Law School ( email )

3501 Sansom Street
Philadelphia, PA 19104
United States
215-898-6190 (Phone)
215-573-2025 (Fax)

University of Pennsylvania Wharton School -- Real Estate Department ( email )

Philadelphia, PA 19104-6330
United States

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