Tax Policy: Implications of Replacing the Corporate Income Tax With a Consumption Tax
GGD-93-55
Published: May 11, 1993. Publicly Released: May 11, 1993.
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Highlights
Pursuant to a congressional request, GAO evaluated the effects of replacing the corporate income tax with a broad-based consumption tax, focusing on the effects of the proposed uniform business tax (UBT) on: (1) economic efficiency and equity; (2) tax administration costs; and (3) tax compliance costs.
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CorporationsFederal taxesIncome taxesInvestmentsTax administrationTax expendituresValue-added taxesVoluntary complianceTaxesPayroll records