Implementing income and consumption taxes : an essay in honor of David Bradford /

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Bibliographic Details
Author / Creator:	Weisbach, David A., author.
Imprint:	[Chicago, Illinois] : Law School, University of Chicago, 2006.
Description:	1 online resource (37 pages).
Language:	English
Series:	John M. Olin Law & Economics Working Paper ; no. 297 (2d ser.) John M. Olin Program in Law & Economics working paper ; 2nd ser., no. 297.
Subject:	Taxation. Income tax. Spendings tax. Income tax. Spendings tax. Taxation.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/8904459

Hidden Bibliographic Details
Notes:	"June 2006." Title from online title page (viewed September 10, 2012). Includes bibliographical references.
Summary:	"This essay explores the extent to which income and consumption taxes can be implemented using parallel designs. The economic differences in the two taxes is thought to be the taxation of pure time value returns under an income tax but not under a consumption tax. In theory, therefore, all differences in implementation methods should be traceable to the measurement of time value returns. To explore the extent to which this is true, the essay examines four major design elements of any tax system: (i) the use of cash flows or basis accounts to measure the base; (ii) remittance of the tax by firms or individuals; (iii) whether the system is open or closed; and (iv) how the system operates across borders."

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