|
|
Article: The incidence of the corporation income tax revisited.(Forum: Reflections by Recent Recipients of the Holland Medal, part 2)
- Article from:
- National Tax Journal
- Article date:
- June 1, 2008
- Author:
CopyrightCOPYRIGHT 2008 National Tax Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
INTRODUCTION
This review of thinking about corporation income tax incidence will take us through several steps--the traditional trichotomy, the general equilibrium revolt against it, the open economy revolution, and some smoke--and--mirrors issues. Finally, it will take special aim at corporation tax incidence in today's developing nations, and conclude with some reflections on their use of the corporate income tax. For further elaboration of many of the points made here, see Harberger (2008).
THE TRADITIONAL TRICHOTOMY
The typical public finance textbook of, say, the 1940s and 1950s, took what it thought was a quite general (and, hence, quite ...