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Tax Distortions to the Choice of Organizational Form Author info | Abstract | Publisher info | Download info | Related research | Statistics Roger H. Gordon
Jeffrey K. MacKie-Mason
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Income from corporate and noncorporate firms is treated very differently under the tax law. To what degree do firms change their form of organization in response? Since the relative tax treatment depends on the tax bracket of the investor, the answer will vary by the bracket of the owners. To estimate the role of taxes, we estimate what size the nontax advantage to incorporating must take in each industry so that forecasted choices for organizational form, aggregated over investors in different tax brackets, are consistent with the aggregate evidence. While these nontax costs can be large, noncorporate activity tends to be concentrated in industries where these costs are small, leading to little excess burden from the tax distortion to organizational form.
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Date of creation: Dec 1992Date of revision:
Publication status: published as Journal of Public Economics, Vol. 55, no. 2, pp. 279-306, October 1994Handle: RePEc:nbr:nberwo:4227Note: PEContact details of provider: Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A. Phone: 617-868-3900 Email: Web page: http://www.nber.org More information through EDIRC
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Article Paper Gordon, R.H. & Mackie-Mason, J.K., 1993.
"Tax Distorsions to the Choice of Organizational Form ,"
Memorandum
21/1993, Oslo University, Department of Economics.
Roger H. Gordon & Jeffrey K. MacKie--Mason, 1994.
"Tax Distortions to the Choice of Organizational Form ,"
Public Economics
9401004, EconWPA, revised 18 Jan 1994.
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93-06, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
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Jeffrey K. MacKie-Mason & Roger H. Gordon, 1991.
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""Basket" Cases: International Joint Ventures After the Tax Reform Act of 1986 ,"
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