Little Boxes: Can Optimal Commodity Tax Methodology Save the Debt-Equity Distinction?

Authors

Herwig J. Schlunk

Document Type

Article

Publication Title

Texas Law Review

Publication Date

2002

ISSN

0040-4411

Page Number

859

Keywords

tax law, equity, limited liability, commodity

Disciplines

Law | Tax Law

Abstract

Optimal commodity tax methodology has been proposed as a way of making difficult line drawing decisions in the income tax. This paper explores some practical difficulties with the approach, and concludes that in one area - the debt-equity divide - the approach is unlikely to prove useful over any significant time horizon.

Recommended Citation

Herwig J. Schlunk, Little Boxes: Can Optimal Commodity Tax Methodology Save the Debt-Equity Distinction?, 80 Texas Law Review. 859 (2002)
Available at: https://scholarship.law.vanderbilt.edu/faculty-publications/440