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- Title
CONFLICTING THEORIES OF CORPORATE INCOME TAXATION.
- Authors
COLM, GERHARD
- Abstract
The article analyzes various aspects related to corporate income taxation in the U.S. It is stated that, arguments given in favor of imposing corporate income tax are based on the rule of taxation which stresses their high fiscal productivity, and the corporations' ability to pay as they have substantial funds and their bookkeeping can be easily supervised than that of farmers or storekeepers. It is stated that, although usually benefit principle is used to defend corporate incomes taxes, those against the taxes argue that, it cannot be said that each additional dollar of corporate profits, after meeting the necessary expenditure obligations, has a declining utility value from the viewpoint of the corporation or of the community at large.
- Subjects
UNITED States; CORPORATE taxes; AMERICAN business enterprises; CORPORATE profits; TAXATION; GOVERNMENT revenue; INTERNAL revenue; PUBLIC finance; ECONOMICS
- Publication
Law & Contemporary Problems, 1940, Vol 7, Issue 2, p281
- ISSN
0023-9186
- Publication type
Article
- DOI
10.2307/1189622