Tax distortions to the choice of organizational form
dc.contributor.author | Gordon, Roger H. | en_US |
dc.contributor.author | MacKie-Mason, Jeffrey K. | en_US |
dc.date.accessioned | 2006-04-10T17:51:34Z | |
dc.date.available | 2006-04-10T17:51:34Z | |
dc.date.issued | 1994-10 | en_US |
dc.identifier.citation | Gordon, Roger H., MacKie-Mason, Jeffrey K. (1994/10)."Tax distortions to the choice of organizational form." Journal of Public Economics 55(2): 279-306. <http://hdl.handle.net/2027.42/31286> | en_US |
dc.identifier.uri | http://www.sciencedirect.com/science/article/B6V76-45KNB52-G/2/2380364db50514452fec67bce0cd2294 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/31286 | |
dc.description.abstract | Income from corporate and noncorporate firms is treated very differently under the tax law. In theory, given existing tax law, the noncorporate sector should consist of very profitable firms owned by low-tax-bracket investors and firms with tax losses owned by high-tax-bracket investors. But the degree to which firms change their form of organization in response to taxes, and the resulting excess burden, depends as well on nontax factors. Given the role of taxes, we estimate what size the nontax advantage to incorporating must take in each industry so that the forecasted choices for organizational form, aggregated over investors in different tax brackets, are consistent with the aggregate evidence. While the estimated nontax costs are large in some industries, noncorporate activity tends to be concentrated where the costs are small, leading to little excess burden from the tax distortion to organizational form. | en_US |
dc.format.extent | 1911880 bytes | |
dc.format.extent | 3118 bytes | |
dc.format.mimetype | application/pdf | |
dc.format.mimetype | text/plain | |
dc.language.iso | en_US | |
dc.publisher | Elsevier | en_US |
dc.title | Tax distortions to the choice of organizational form | en_US |
dc.type | Article | en_US |
dc.rights.robots | IndexNoFollow | en_US |
dc.subject.hlbsecondlevel | Government Information | en_US |
dc.subject.hlbtoplevel | Government, Politics and Law | en_US |
dc.description.peerreviewed | Peer Reviewed | en_US |
dc.contributor.affiliationum | Department of Economics, University of Michigan, Ann Arbor, MI 48109-1220, USA and NBER | en_US |
dc.contributor.affiliationum | Department of Economics, University of Michigan, Ann Arbor, MI 48109-1220, USA and NBER | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/31286/1/0000192.pdf | en_US |
dc.identifier.doi | http://dx.doi.org/10.1016/0047-2727(94)90055-8 | en_US |
dc.identifier.source | Journal of Public Economics | en_US |
dc.owningcollname | Interdisciplinary and Peer-Reviewed |
Files in this item
Remediation of Harmful Language
The University of Michigan Library aims to describe library materials in a way that respects the people and communities who create, use, and are represented in our collections. Report harmful or offensive language in catalog records, finding aids, or elsewhere in our collections anonymously through our metadata feedback form. More information at Remediation of Harmful Language.
Accessibility
If you are unable to use this file in its current format, please select the Contact Us link and we can modify it to make it more accessible to you.