The death of the corporate tax
Journal of Public Budgeting, Accounting & Financial Management
ISSN: 1096-3367
Article publication date: 1 March 2002
Abstract
This paper suggests that the proliferation of highly sophisticated corporate tax shelters has been a major reason for the decline of corporate income tax as a percentage of GDP and of total Federal receipts. Many of these shelters have extended beyond solid tax planning and into the realm of subversion. The controversy surrounding possible remedies for these abuses is just as lively as the debates surrounding the tax shelters themselves. This article explores the nature of a variety of tax shelters in an effort to illustrate the insidious nature of the corporate tax shelter problem and then discusses solutions, both legislative and nonlegislative, designed to curb these abuses.
Citation
DiCicco, J.M. (2002), "The death of the corporate tax", Journal of Public Budgeting, Accounting & Financial Management, Vol. 14 No. 3, pp. 361-393. https://doi.org/10.1108/JPBAFM-14-03-2002-B002
Publisher
:Emerald Publishing Limited
Copyright © 2002 by PrAcademics Press