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Investing for Productivity and Prosperity (1994) / Chapter Skim
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Recapitulation
Pages 39-39

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From page 39...
... The board favors elimination of the double taxation of corporate income flows and expansion of the recently adopted longterm capital gains preference. Neither proposal would contribute to the deficit nor bring about significant income redistribution because the benefit to high-income corporate investors would be paid for by reducing the subsidy to high-income homeowners.
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Key Terms

  • capital markets
  • intangible assets
  • suboptimal investments
  • policy shifts
  • assets funded

  • significant income
  • disadvantages appear
  • create uncertainty
  • discourages corporate
  • significant fraction

  • industrial countries
  • income redistribution
  • income flows
  • deficit nor
  • corporate investors

  • perceived risk
  • neither proposal
  • double taxation
  • countries generate
  • institutional differences

  • especially equity
  • board favors
  • favors elimination
  • nor bring
  • revenues generated

  • investment broadly
  • capital gains
  • primarily affect
  • government revenue
  • recently adopted


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