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From Sword to Shield – The Transformation of the Corporate Income Tax, 1861 to Present - Oxford Scholarship Online
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From Sword to Shield: The Transformation of the Corporate Income Tax, 1861 to Present

Steven A. Bank


The U.S. corporate income tax — and in particular the double taxation of corporate income — has long been one of the most criticized and stubbornly persistent aspects of the federal revenue system. Unlike in most other industrialized countries, corporate income is taxed twice, first at the entity level and again at the shareholder level when distributed as a dividend. The conventional wisdom has been that this double taxation was part of the system's original design over a century ago and has survived despite withering opposition from business interests. In both cases, history tells another ta ... More

Keywords: corporate income tax, double taxation, federal revenue system, industrialized countries, shareholder interference, dividend, business interests, corporate representatives, corporate funds

Bibliographic Information

Print publication date: 2010 Print ISBN-13: 9780195326192
Published to Oxford Scholarship Online: May 2010 DOI:10.1093/acprof:oso/9780195326192.001.0001


Affiliations are at time of print publication.

Steven A. Bank, author