Journal of Accounting and Public Policy 18 (1999) 375-394
Michael G. Williams a, Charles W. Swenson
Abstract
An analytic model is developed to examine the role of rent-seeking expenses on tax legislation. Rent-seeking expenses are found to be only a fraction of the tax benefits at stake. Rent-seeking expenses increase when firms cannot cooperate, when very general tax legislation is proposed, and when there is legislative support for tax cuts. © 1999 Elsevier Science Inc. All rights reserved.
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