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Dividends, Distortion and Double Taxation
Author(s) -
PARTINGTON G. H.,
CHENHALL R. H.
Publication year - 1983
Publication title -
abacus
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.632
H-Index - 45
eISSN - 1467-6281
pISSN - 0001-3072
DOI - 10.1111/j.1467-6281.1983.tb00235.x
Subject(s) - distortion (music) , double taxation , economics , anticipation (artificial intelligence) , dividend , international taxation , corporate tax , public economics , tax reform , macroeconomics , monetary economics , tax avoidance , finance , amplifier , cmos , electronic engineering , artificial intelligence , computer science , engineering
It is often claimed the double taxation inherent in the classical system of corporate taxation imposes an extra tax burden on corporate income and causes undesirable distortions in economic behaviour. In anticipation of suggestions for reform, consequent upon a major inquiry into the Australian financial system, this paper questions several of the traditional criticisms of the classical tax system and suggests that the supposed extra tax burden may not exist.