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Cash-Flow Tax

Author

Listed:
  • Parthasarathi Shome

    (International Monetary Fund)

  • Christian Schutte

    (International Monetary Fund)

Abstract

The cash-flow tax has been proposed as an alternative to the corporate income tax on grounds that it would define the tax base more clearly and more simply in the face of widespread departures from the comprehensive income tax of actual practice. The cash-flow tax, and its variants, would require careful design. Simplicity may prove elusive because of anticipated administrative problems related to tax avoidance and evasion through transfer pricing, to inflation adjustments, and to incompatibility with existing international tax regimes. Thus, the tax remains theoretically attractive but difficult to implement.

Suggested Citation

  • Parthasarathi Shome & Christian Schutte, 1993. "Cash-Flow Tax," IMF Staff Papers, Palgrave Macmillan, vol. 40(3), pages 638-662, September.
    • Handle: RePEc:pal:imfstp:v:40:y:1993:i:3:p:638-662
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    More about this item

    JEL classification:

    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
    • H87 - Public Economics - - Miscellaneous Issues - - - International Fiscal Issues; International Public Goods

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