Gradual Reforms of Capital Income Taxation
在完美预见的一般均衡增长模型中分析预期税率变化的跨期配置效应，重新评估米德委员会的建议，发现R基税（消费税）可能比所得税更具扭曲性，且公司税与个人所得税的整合会降低社会福利，股息税优于R基税。
This paper analyzes the intertemporal allocation effects of anticipated tax rate changes, reconsidering the recommendations of the Meade Committee in a perfect foresight general equilibrium model of economic growth. It is shown that the R-base (or consumption) tax can be more distortionary than an income tax and that a revenue-neutral integration of corporate and personal taxation will lower social welfare. Moreover, it is argued that a dividend tax dominates the R-base tax because it places its distortions on the financial, rather than on the real, side of the economy. Copyright 1989 by American Economic Association.