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