A Political Theory of Corporate Taxation

  title={A Political Theory of Corporate Taxation},
  author={Jennifer H. Arlen and Deborah M. Weiss},
  journal={NYU Law \& Economics Research Paper Series},
This paper examines why the United States persists in taxing corporate income twice -- once at the corporate level and again at the shareholder level. The continued imposition of double taxation is puzzling: the double tax is widely recognized as being but unfair and inefficient, and it places a substantial burden on a powerful interest group, publicly-held corporations. Nevertheless, proposals to eliminate the double tax by integrating the corporate and individual tax invariably die a quiet… 

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1271 (statement of Charles W. Stewart, President, Machinery and Allied Products Institute)

    Accordingly, a shareholder who plans to hold most of his assets until death can avoid a substantial portion of the capital gains tax imposed on those assets

    • 1991

    Conrad , Beyond Managerialism : Investor Capitalism ?

    • 1991

    Vice President and Chief Economist, GM)

      See House Hearings, supra note 81

      • National Association of Manufacturers

      at 6110-11 (statement of William S. Cashel, Vice Chairman and Chief Financial Officer

      • AT&T

      Yet even the Business Roundtable at one point endorsed a dividend deduction. See Policies, supra note 144

        This was true of the Simon proposal hearings. See Finance Hearings, supra note 19, at 389, 391 (statement of George S. Koch, Chairman, Federal Finance Committee

          1344 (statement of Norma Pace, Senior Vice President

            See supra note 72