Footnote:
In: Tax Notes, August 28, 2000
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 28, 2000 erstellt
Description:
Neubig and Poddar argue that all taxes are under pressure from the new economy's quot;perfect marketsquot; due to more footloose intangible capital, increasing globalization, reduced transaction costs from e-commerce, increased competition from deregulation, increased financial innovations, and widespread ownership of corporate equity.Those pressures, they conclude, will have significant implications for future tax policy and administration, not only in the U.S. but also in its major trading partners. If national and subnational tax systems do not adapt quickly to those fundamental economic, technological, institutional, and demographic changes, the implications will be increasing distortions from antiquated tax rules and increasing complexity as the more perfect blurred economy adjusts around the rules