CHAP24 Corporate Taxation 公共金融与 及公共政策课件.pptVIP

Chapter 24 Corporate Taxation ? 2007 Worth Publishers Public Finance and Public Policy, 2/e, Jonathan Gruber Prepared by:FERNANDO QUIJANO, YVONN QUIJANO,KYLE THIEL APARNA SUBRAMANIAN 24 Corporate Taxation ? 2007 Worth Publishers Public Finance and Public Policy, 2/e, Jonathan Gruber Public Finance and Public Policy, 2/e Jonathan Gruber Corporate Taxation 24.4 The Consequences of the Corporate Tax for Investment 24.3 The Incidence of the Corporate Tax 24.2 The Structure of the Corporate Tax 24.1 What Are Corporations and Why Do We Tax Them? Chapter 24 24.5 The Consequences of the Corporate Tax for Financing To its detractors, the corporate tax is a major drag on the productivity of the corporate sector, and the reduction in the tax burden on corporations has been a boon to the economy that has led firms to increase their investment in productive assets. To its supporters, the corporate tax is a major safeguard of the overall progressivity of our tax system. By allowing the corporate tax system to erode over time, supporters of corporate taxation argue, we have enriched capitalists at the expense of other taxpayers. 24.6 Treatment of International Corporate Income 24.7 Conclusion Corporate Taxation What Are Corporations and Why Do We Tax Them? 24 . 1 shareholders Individuals who have purchased ownership stakes in a company. Ownership Versus Control agency problem A misalignment of the interests of the owners and the managers of a firm. Executive Compensation and the Agency Problem ? A P P L I C A T I O N A number of corporate executives have made the news in recent years for receiving compensation packages that seem wildly out of proportion to the executives’ actual value. How can executives receive such high compensation? There are two possible reasons: First, they may be worth it: after all, these individuals are running some of the most important companies in the world. Nonetheless, this high compensation doesn’t seem to be related to superior performa