The Comprehensive Business Income Tax System: A Proposal for Ultimate Neutrality between Debt and New Equity Issues?

Authors

  • Ilija Gruevski University of "Goce Delcev"-Stip
  • Stevan Gaber University of "Goce Delcev"-Stip
  • Marija Gogova-Samonikov University of "Goce Delcev"-Stip

Keywords:

comprehensive business income tax, cost of capital, effective marginal tax rate, classical corporation tax, debt, new equity issues, double taxation

Abstract

The majority of experts agree that taxes are distortionary in nature. This is relatively true for all of the different groups of taxes, but for the corporate taxes is exceptionally obvious. The existence of corporate taxes can affect the company

Author Biographies

Ilija Gruevski, University of "Goce Delcev"-Stip

Department od Finance, Assistant Professor

Stevan Gaber, University of "Goce Delcev"-Stip

Department od Finance, Assistant Professor

Marija Gogova-Samonikov, University of "Goce Delcev"-Stip

Department od Finance, Assistant Professor

References

M. P. Devereux and R. Griffith, 1999.

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M. P. Devereux and R. Griffith, 2003.

W. Leibfritz, J. Thornton and A. Bibbie, 1997.

A. C. Harberger, 1962.

S. Kari, J. Yla-Liedenpohja, 2002,

M. P. Devereux and R. Griffith, 1999.

I. Gruevski, 2013.

Department of the U.S. Treasury.

B. Brys, C. Heady.

OECD.

B. Brys, C. Heady.

B. Brys, C. Heady.

B. Brys, C. Heady.

Corporate Income Tax Code of the RM.

Personal Income Tax Code of the RM.

Ministry of finance of the RM.

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Published

2015-11-19

How to Cite

Gruevski, I., Gaber, S., & Gogova-Samonikov, M. (2015). The Comprehensive Business Income Tax System: A Proposal for Ultimate Neutrality between Debt and New Equity Issues?. International Journal of Sciences: Basic and Applied Research (IJSBAR), 24(6), 30–44. Retrieved from https://gssrr.org/index.php/JournalOfBasicAndApplied/article/view/4839

Issue

Vol. 24 No. 6 (2015)

Section

Articles

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