One kernal which was thrown out in this corporate profits discussion
is that it is even conventionally supposed to be a way to capture rents.
Doesn't this have something to do with South Africa's diamond mines?
As to whether corporate income taxes are on owners or workers
Doug Henwood wrote:
>
> By the way I misspoke myself - hell, I was wrong - about the CBO's
> treatment of the corporate profits tax. In their 1987 study, The Changing
> Distribution of Federal Taxes: 1975-1990, they figured things two ways,
> applying corporate income taxes all to capital, and
On Mon, 27 Jun 1994, Jim Devine wrote:
> While I agree that mark-up pricing probably occurs in the short-run,
> I had a more long-term story (involving the *determination* of the
> mark-up). All else equal, *after tax* profit rates tend to equalize
> between industries (except in the case of ra
By the way I misspoke myself - hell, I was wrong - about the CBO's
treatment of the corporate profits tax. In their 1987 study, The Changing
Distribution of Federal Taxes: 1975-1990, they figured things two ways,
applying corporate income taxes all to capital, and then dividing it
50/50 betwee
On Mon, 27 Jun 1994 07:17:08 -0700 Mike Meeropol said:
>Conceptually, it is essential to visualize HOW a corporate profits tax is
>"passed on" to consumers. It is not sufficient for there to be "price
>makers" out there they have to be "price makers" who use a "rule of
>thumb mark-up pricing
Doug Henwood wrote:
>
> That's a very good question, though the political symbolism of a corporate
> tax cut while retaining the VAT on basic foods is very clear.
>
> I think that the Congressional Budget Office usually assumes that
> corporate taxes are split between capital and labor, while
That's a very good question, though the political symbolism of a corporate
tax cut while retaining the VAT on basic foods is very clear.
I think that the Congressional Budget Office usually assumes that
corporate taxes are split between capital and labor, while VATs are
entirely passed along.
In South Africa,
"The corporate tax was cut from 40% to 35%, though this was
partly offset by an increase from 15% to 20% in the tax on dividends."
don't you think that the corporate tax is passed on to workers &
consumers in the long run? while the dividends tax can't be shifted?
so that this sh
Some details, drawn from today's (6/23) Financial Times. Reconstruction
spending will be 5 billion rand next year, a bit over 1% of GDP, rising to
R12.5b over the next four years. Total RDP spending is budgeted at R37.5b
($10.6b). Social spending overall will take up 45% of the budget, vs. 44%
las
On Thu, 23 Jun 1994 07:16:11 -0700, Doug Henwood responds to Mike Meerpol's
post on Wed, 22 Jun 1994. Meerpol reamrked on the ANC plan:
>> to increase employment AND solve some of the pressing social needs AT
>> THE SAME TIME [using] extensive public works employing the unemployed
>> to build hous
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