The Johansson-Samuelson Theorem in General Equilibrium: A Rebuttal

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.

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Year of publication:	2008
Authors:	Menoncin, Francesco ; Panteghini, Paolo
Institutions:	CESifo
Subject:	general equilibrium \| investment neutrality \| uniform taxation

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Extent:	application/pdf
Series:	CESifo Working Paper Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 2352
Classification:	H25 - Business Taxes and Subsidies ; H32 - Firm
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005181253