The Economic Effects of the Corporate Income Tax: Changing Revenues and Changing Views

27 Pages Posted: 7 Jul 2004 Last revised: 28 Aug 2010

See all articles by Alan J. Auerbach

Alan J. Auerbach

University of California, Berkeley - Department of Economics; National Bureau of Economic Research (NBER); CESifo (Center for Economic Studies and Ifo Institute for Economic Research)

Date Written: December 1984

Abstract

This paper reviews recent empirical research studying the impact of the U.S. corporate income tax on the behavior of firms. Four areas are discussed:(1) The extent to which dividend taxation imposes a "double tax" on corporate source earnings;(2) The historical impact of tax incentives on the incentives to investand the value of corporate equity;(3) The effects of limited loss offset provisions on the incentives to invest in risky assets; and(4) The determinants of corporate leverage.

Suggested Citation

Auerbach, Alan Jeffrey, The Economic Effects of the Corporate Income Tax: Changing Revenues and Changing Views (December 1984). NBER Working Paper No. w1519. Available at SSRN: https://ssrn.com/abstract=336283

Alan Jeffrey Auerbach (Contact Author)

University of California, Berkeley - Department of Economics ( email )

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National Bureau of Economic Research (NBER) ( email )

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CESifo (Center for Economic Studies and Ifo Institute for Economic Research)

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