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Substituting Consumption-Based Direct Taxation for Income Taxes as the International Norm

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  • McLure, Charles E. Jr.

Abstract

Considers two direct consumption-based taxes. Both allow the immediate expensing of all business expenditures. One exempts interest and dividends and allows no deductions for them while the other includes the proceeds of borrowing in the tax base and allows a deduction for repayment of debt; interest is treated as under the income tax.

Suggested Citation

  • McLure, Charles E. Jr., 1992. "Substituting Consumption-Based Direct Taxation for Income Taxes as the International Norm," National Tax Journal, National Tax Association;National Tax Journal, vol. 45(2), pages 145-154, June.
    • Handle: RePEc:ntj:journl:v:45:y:1992:i:2:p:145-54
    DOI: 10.1086/NTJ41788955
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    References listed on IDEAS

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    1. Anonymous, 1969. "I. United Nations," International Organization, Cambridge University Press, vol. 23(4), pages 971-989, October.
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    Cited by:

    1. Kramer, Frank, 2009. "Symmetric cash flow-taxation and cross-border investments," Bayreuth Working Papers on Finance, Accounting and Taxation (FAcT-Papers) 2009-03, University of Bayreuth, Chair of Finance and Banking.
    2. Avi-Yonah, Reuven S., 1996. "Comment on Grubert and Newlon, "The International Implications of Consumption Tax Proposals"," National Tax Journal, National Tax Association, vol. 49(2), pages 259-65, June.
    3. George R. Zodrow, 2019. "Taxation, Uncertainty and the Choice of a Consumption Tax Base," World Scientific Book Chapters, in: George R Zodrow (ed.), TAXATION IN THEORY AND PRACTICE Selected Essays of George R. Zodrow, chapter 8, pages 227-237, World Scientific Publishing Co. Pte. Ltd..
    4. Sijbren Cnossen, 2002. "Tax Policy in the European Union: A Review of Issues and Options," CESifo Working Paper Series 758, CESifo.
    5. Ira Horowitz & R. Horowitz, 1999. "Risky Assets and the Choice of Tax Base," Public Finance Review, , vol. 27(5), pages 467-480, September.
    6. Omar Sebastián Cabrera Cabrera, 2016. "El Establecimiento Permanente: Especial Énfasis En La Cláusula De Agencia," Books, Universidad Externado de Colombia, Facultad de Derecho, number 849, march.
    7. Cnossen, S., 2002. "Tax policy in the European Union : a review of issues and options," Research Memorandum 023, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
    8. Avi-Yonah, Reuven S., 1996. "Comment on Grubert and Newlon, "The International Implications of Consumption Tax Proposals"," National Tax Journal, National Tax Association;National Tax Journal, vol. 49(2), pages 259-265, June.

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