Jorgenson, Dale Weldeau; Yun, Kun-young - 2002
around the world. The most dramatic example is the Tax Reform Act of 1986 in the United States. In this landmark legislation …. The cost-of-capital approach presented in this paper shows that important opportunities for tax reform still remain. This … approach suggests two avenues for reform. One would retain the income tax base of the existing U.S. tax system, but would …