Resource title

The Johansson-Samuelson theorem in general equilibrium: a rebuttal

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Resource description

The well-known Johansson-Samuelson Theorem proves that, in partial equilibrium, comprehensive income taxation with a uniform tax rate is neutral in terms of investment decisions, if fiscal depreciation allowances coincide with economic depreciation. In this article we show that this result does not hold in general equilibrium, unless fairly restrictive conditions are met.

Resource author

Francesco Menoncin, Paolo M. Panteghini

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Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/26397

Resource license

Adapt according to the presented license agreement and reference the original author.