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Identifier to cite or link to this item: https://hdl.handle.net/10086/13481

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Title
How to Eliminate Pyramidal Business Groups: The Double Taxation of Inter-corporate Dividends and other Incisive Uses of Tax Policy
Creator
Creator Name
Morck, Randall Morck, Randall
Affiliation
Affiliation Name
National Bureau of Economic Research
Affiliation
Affiliation Name
University of Alberta School of Business
Editor
Contributor Name
Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University
Abstract
Arguments for eliminating the double taxation of dividends apply only to dividends paid by corporations to individuals. The double (and multiple) taxation of dividends paid by one firm to another - intercorporate dividends - was explicitly included in the 1930s as part of a package of tax and other policies aimed at eliminating United States pyramidal business groups. These structures remain the predominant form of corporate organization outside the United States. The first Roosevelt administration associated them with corporate governance problems, corporate tax avoidance, market power, and an objectionable concentration of economic power; and undertook a sustained program that rapidly broke up large American pyramidal groups.
Description
First Draft: March 21st 2001; This Draft, October 25th 2004
Publisher
Institute of Economic Research, Hitotsubashi University
Issued Date
2006-03
Language
English(eng)
Resource Type
technical report
Version Type
VoR
Is Part OfRelation -
Related Title
CEI Working Paper Series ; No. 2005-15
Relation
Related Identifier
URI
  http://cei.ier.hit-u.ac.jp/index.html
NCID
AA11590659
Number of Pages
46
Edition
[revised]
Appears in Collections
CEI Working Paper Series
URL
https://hdl.handle.net/10086/13481