How to Eliminate Pyramidal Business Groups - The Double Taxation of Inter-Corporate Dividends and Other Incisive Uses of Tax Policy

Topics:
Taxes
Tags:
Business Group,
Dividend,
Finance,
Financial Accounting,
Financial Planning,
Tax,
Taxation
Source:
National Bureau of Economic Research

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Overview: 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 %uF818 inter-corporate 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. Future tax reforms in the United States should mind the original intent of Congress and the President regarding inter-corporate dividend taxation. Foreign government's finds the American experience of value should they desire to eliminate their business groups.

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Format: PDF | Size: 600KB | Date: Dec 2004 | Pages: 45


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