Capital Structure Neutrality in the Corporate Context

38 Pages Posted: 18 Jul 2000

See all articles by Herwig J. Schlunk

Herwig J. Schlunk

Vanderbilt University - Law School

Date Written: 2000


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.

JEL Classification: K34

Suggested Citation

Schlunk, Herwig, Capital Structure Neutrality in the Corporate Context (2000). Available at SSRN: or

Herwig Schlunk (Contact Author)

Vanderbilt University - Law School ( email )

131 21st Avenue South
Nashville, TN 37203-1181
United States
615-322-1527 (Phone)
615-322-6631 (Fax)

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