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Bestseller
BestsellerE-book
Author Bank, Steven A., 1969-

Title Anglo-American Corporate Taxation : Tracing the Common Roots of Divergent Approaches.

Publication Info. Cambridge : Cambridge University Press, 2011.

Item Status

Description 1 online resource (266 pages).
text file
Series Cambridge Tax Law Series
Cambridge tax law series.
Contents Cover; ANGLO-AMERICAN CORPORATE TAXATION; CAMBRIDGE TAX LAW SERIES; Title; Copyright; Contents; Introduction; 1 A brief history of early Anglo-American corporate income taxation; 1.1 The United Kingdom; 1.1.1 1799-1802; 1.1.2 1803-1815; 1.1.3 1842-1861; 1.1.4 1861-1900; 1.2 United States; 1.2.1 Civil War and Reconstruction; 1.2.2 1894; 1.2.3 1898; 1.3 Conclusion; Part I Twentieth century and the divergence in systems; 2 The United Kingdom; 2.1 1900-18; 2.2 1920-24: Corporation Profits Tax; 2.3 1924-37; 2.4 1937-58; 2.5 1965-73; 3 The United States; 3.1 Revenue Act of 1913.
3.2 Revenue Act of 19173.3 Revenue Act of 1918; 3.4 Revenue Act of 1921; 3.5 Revenue Act of 1924; 3.6 Revenue Act of 1926 and the creation of the Joint Committee on Internal Revenue Taxation; 3.7 New Deal and the Undistributed Profits Tax; 3.8 Corporate tax reform in the post-World War II period; Part II Explaining the divergence; 4 Profits; 4.1 Era of liberal dividend policies; 4.1.1 Inadequate financial reporting; USA; UK; Dividends as a form of disclosure; 4.1.2 Liquidity; 4.2 The divergence in dividend policy; 4.2.1 US corporations shift to more conservative dividend policies.
4.2.2 British adherence to traditional perspectives on dividend policy4.3 Dividends and corporate income taxation; 4.3.1 USA; 4.3.2 UK; 4.3.3 Reversals; British Profits Tax -- 1947; US dividend tax reform -- 1954; UK classical corporate income tax -- 1965; 5 Power; 5.1 A critique of the formal entity theory explanation; 5.1.1 The use of an entity approach in the UK; 5.1.2 The use of an aggregate approach in the USA; 5.2 The divergence in the nature of the corporation; 5.2.1 Ownership dispersion; USA; UK; 5.2.2 Familial capitalism and the presence of blockholders; Blockholders; Managers.
5.2.3 Corporate governance5.3 The effect on corporate tax design; 5.3.1 UK focus on the shareholders; 5.3.2 US focus on the managers; 6 Politics; 6.1 United Kingdom; 6.1.1 World War I and the 1920s; 6.1.2 World War II and the postwar era; 6.1.3 1960s and 1970s; The classical corporate income tax; The return to shareholder imputation; 6.2 United States; 6.2.1 1920s; 6.2.2 The Undistributed Profits Tax; 6.2.3 World War II and the postwar decade; Part III Conclusion; 7 1970s to Present -- A Time of Convergence?; 7.1 United Kingdom; 7.2 United States; 7.2.1 1970s to early 1990s; 7.2.2 2003.
Note 7.3 Convergence?Index.
Summary Why did the British and American corporate tax systems diverge early in the twentieth century and is convergence now likely?
Bibliography Includes bibliographical references and index.
Local Note eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America
Subject Corporations -- Taxation -- Law and legislation -- Great Britain -- History.
Corporations -- Taxation -- Law and legislation.
Great Britain.
History.
Income tax -- Law and legislation -- Great Britain -- History.
Income tax -- Law and legislation.
Corporations -- Taxation -- Law and legislation -- United States -- History.
United States.
Income tax -- Law and legislation -- United States -- History.
Genre/Form Electronic books.
History.
Other Form: Print version: Bank, Steven A. Anglo-American Corporate Taxation : Tracing the Common Roots of Divergent Approaches. Cambridge : Cambridge University Press, ©2011 9780521887762
ISBN 9781139158862
1139158864
9780521887762
0521887763
1283342170
9781283342179
9781139160919 (electronic book)
1139160915 (electronic book)
9781139013284 (electronic book)
1139013289 (electronic book)
Standard No. 9786613342171