The Deceptively Disparate Treament of Business and Investment Interest Expense Under a Cash-Flow Consumption Tax and a Schanz-Haig-Simons Income Tax

Authors

• J. Clifton Fleming Jr., Brigham Young UniversityFollow

Abstract

This article will investigate why the SHS tax and the cash-flow consumption tax take different structural approaches to the treatment of business and investment interest outlays in spite of the fact that both systems share the general objective of removing current business and investment costs from the taxbase.

Recommended Citation

J. Clifton Fleming Jr., The Deceptively Disparate Treament of Business and Investment Interest Expense Under a Cash-Flow Consumption Tax and a Schanz-Haig-Simons Income Tax, 3 Fla. Tax Rev. (1998).
Available at: https://scholarship.law.ufl.edu/ftr/vol3/iss1/10