The Taxation of Income from Capital: A Comparative Study of the United States, the United Kingdom, Sweden, and West Germany (National Bureau of Economic Research Monograph)

Taxation-both corporate and personal-has been held responsible for the low investment and productivity growth rates experienced in the West during the last decade. This book, a comparative study of the taxation of income from capital in the United States, the United Kingdom, Sweden, and West Germany, establishes for the first time a common framework for analysis that permits accurate comparison of tax systems. Contents......Page 8 Preface......Page 10 Glossary of Notation......Page 14 1. Introduction......Page 18 2. The Theoretical Framework......Page 24 3. The United Kingdom......Page 48 4. Sweden......Page 104 5. West Germany......Page 166 6. The United Sates......Page 210 7. Comparisons of Effective Tax Rates......Page 285 8. Conclusions......Page 320 Appendix A: Standard Input Parameters for All Four Countries......Page 330 Appendix B: Effective Tax Rates in Each Combination for Each Country......Page 335 Appendix C: Technical Aspects of the Swedish Tax Sysem......Page 338 Appeddix D: Technical Aspects of the United States Tax System......Page 343 References......Page 346 Author Index......Page 356 Subejct Index......Page 358 A comparative study of the taxation of income from capital in the U.S.A., the United Kingdom, Sweden and West Germany. It represents a collaboration of the National Bureau of Economic Research with the Industrial Institute for Economic and Social Research (Sweden) and the Institute for Economic Research (W. Germany). The study compares the effective tax rates levied on capital income in the corporate and non- financial corporate personal sector derived from different kinds of savings and investment