Bennett R J, 1987, "A general accounting model of intergovernmental tax and benefit effects on business" Environment and Planning A 19(11) 1495 – 1510
Download citation data in RIS format
A general accounting model of intergovernmental tax and benefit effects on business
R J Bennett
Received 19 November 1986
Abstract. The aim in this paper is to present a systematic treatment of the tax and benefit effects of central (or federal), state and local governments on business. A base model is constructed which reduces all tax and benefit regimes to influences on the user costs of capital. This model is specified for the intergovernmental regimes which apply in the USA, the United Kingdom, and West Germany, for the case of sole traders, partnerships, and corporations. Indications of extensions of the model are given for nonmarginal situations, investments at different levels of risk and uncertainty, and the consequences of tax and benefit shifting away from the point of legal incidence. The resulting model provides a general framework for comparison of tax and benefit regimes between states and localities in one country, between state and local governments in one country, or between state and local governments in one country and those in another.
Full-text PDF size: 2119 Kb
Your computer (IP address: 22.214.171.124) has not been recognised as being on a network authorised to view the full text or references of this article. This content is part of our deep back archive. If you are a member of a university library that has a subscription to the journal, please contact your serials librarian (subscriptions information).