01675cas a2200241 a 4500 AALejournalIMF004155 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451863772 1018-5941 BD-DhAAL BD-DhAAL Zee, Howell. A Superior Hybrid Cash-Flow Taxon Corporations / Howell Zee. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (25 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper proposes a new hybrid cash-flow tax on corporations that, on one hand, taxes only excess corporate profits as they accrue, and, on the other hand, treats real and financial transactions neutrally. It is, therefore, a superior tax compared to the cash-flow tax on real transactions that seems to have gained common acceptance. The hybrid tax is a modified version of the cash-flow tax on real and financial transactions combined. The modification involves replacing expensing of fixed assets with normal depreciation allowances, but the undepreciated value of fixed assets is carried forward with interest at the opportunity cost of equity capital. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2006/117 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/117/001.2006.issue-117-en.xml IMF e-Library