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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/26397
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| Title: | | The Johansson-Samuelson theorem in general equilibrium: a rebuttal  |
| 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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