Little Boxes: Can Optimal Commodity Tax Methodology Save the Debt-Equity Distinction?
16 Pages Posted: 29 Nov 2000
Date Written: November 5, 2000
Optimal commodity tax methodology has been proposed as a way of making difficult line drawing decisions in the income tax. This paper explores some practical difficulties with the approach, and concludes that in one area - the debt-equity divide - the approach is unlikely to prove useful over any significant time horizon.
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