Cracking the Code PDF
By:Andrew Lyon
Published on 2010-12-01 by Brookings Institution Press
The corporate alternative minimum tax (AMT) was hailed in the Tax Reform Act of 1986 as instrumental to ensuring that tax loopholes would not permit corporations to avoid paying their fair share of tax liability. In 1995, less than ten years later, repeal of the AMT was pledged as part of the Republican Party's |Contract with America| and passed by the House of Representatives. Opponents of the AMT object that it penalizes new investment by firms and prevents the use of legitimate deductions. Its defenders tout the ability of the AMT to address public perceptions of unfairness in the tax system. At first glance, the debate over the AMT seems to be another example of the classic struggle between equity and efficiency. But, as this book reveals, there are serious flaws in the arguments used on both sides of this issue. As a result, the AMT may fail to achieve any notable equity objectives and may miss the opportunity to make significant improvements in the efficiency with which the nation's scarce capital is employed. Whether or not reforms of the AMT are ultimately enacted, the debate over the AMT raises fundamental questions of tax policy that will persist: Who benefits from tax subsidies? How much should the tax code be used to direct resources in the economy? If corporate taxes are ultimately borne by individuals, how do corporate tax provisions affect fairness? Andrew Lyon opens these topics up to a wide audience, presenting new data on the impact of the AMT, and offering suggestions for future policy reform. He argues that the legislative desire to respond to an apparent inequity should be channeled into considering whether there are efficiency reasons for reducing the tax advantages observed. The best solutions to these considerations, he contends, are not found in a minimum tax.
This Book was ranked at 9 by Google Books for keyword Alternative.
Book ID of Cracking the Code's Books is SmZPPtl6OSoC, Book which was written byAndrew Lyonhave ETAG "SXiCJdQ4q8g"
Book which was published by Brookings Institution Press since 2010-12-01 have ISBNs, ISBN 13 Code is 9780815708032 and ISBN 10 Code is 0815708033
Reading Mode in Text Status is true and Reading Mode in Image Status is false
Book which have "168 Pages" is Printed at BOOK under CategoryBusiness and Economics
Book was written in en
eBook Version Availability Status at PDF is trueand in ePub is true
Book Preview
Download Cracking the Code PDF Free
Download Cracking the Code Books Free
Download Cracking the Code Free
Download Cracking the Code PDF
Download Cracking the Code Books
Tidak ada komentar:
Posting Komentar