MARC Record from Scriblio

LEADER: 02187cam 22003137a 4500
001 2005615616
003 DLC
005 20050112081106.0
007 cr |||||||||||
008 050112s2004 mau sb 000 0 eng
010 $a 2005615616
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aMorck, Randall.
245 10 $aHow to eliminate pyramidal business groups - the double taxation of inter-corporate dividends and other incisive uses of tax policy$h[electronic resource] /$cRandall Morck.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2004
490 1 $aNBER working paper series ;$vworking paper 10944
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 1/12/2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"Arguments for eliminating the double taxation of dividends apply only to dividends paid by corporations to individuals. The double (and multiple) taxation of dividends paid by one firm to another - intercorporate dividends - was explicitly included in the 1930s as part of a package of tax and other policies aimed at eliminating United States pyramidal business groups. These structures remain the predominant form of corporate organization outside the United States. The first Roosevelt administration associated them with corporate governance problems, corporate tax avoidance, market power, and an objectionable concentration of economic power. Future tax reforms in the United States should mind the original intent of Congress and the President regarding intercorporate dividend taxation. Foreign governments may find the American experience of value should they desire to eliminate their business groups"--National Bureau of Economic Research web site.
650 0 $aDividends$xTaxation.
650 0 $aCorporations$xTaxation.
650 0 $aDouble taxation.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 10944.
856 40 $uhttp://papers.nber.org/papers/W10944