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Title:The Johansson-Samuelson theorem in general equilibrium: a rebuttal PDF Logo
Authors:Menoncin, Francesco
Panteghini, Paolo M.
Issue Date:2008
Series/Report no.:CESifo working paper 2352
Abstract:The well-known Johansson-Samuelson Theorem proves that, in partial equilibrium, comprehensive income taxation with a uniform tax rate is neutral in terms of investment decisions, if fiscal depreciation allowances coincide with economic depreciation. In this article we show that this result does not hold in general equilibrium, unless fairly restrictive conditions are met.
Subjects:General equilibrium
investment neutrality
uniform taxation
JEL:H25
H32
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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