Why is the corporate tax rate lower than the personal tax rate?
نویسندگان
چکیده
منابع مشابه
Why is the corporate tax rate lower than the personal tax rate ? + by Clemens
In many OECD countries, statutory corporate tax rates are lower than personal income tax rates. The present paper argues that this tax rate differentiation is an optimal tax policy if there are problems of asymmetric information between investors and firms in the capital market. The reduction of the corporate tax rate below the personal tax rate encourages equity financing and thus mitigates th...
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ژورنال
عنوان ژورنال: Journal of Public Economics
سال: 2003
ISSN: 0047-2727
DOI: 10.1016/s0047-2727(01)00166-9