McClure's simple alternative tax (SAT) more or less takes the view that if inflation is inevitable, you might as well take the easy way out. All capital purchases are expensed. There are no problems of depreciation, stock valuation, or inflation accounting. This is the most attractive aspect of the business SAT. Under the SAT, many firms will make capital purchases that outstrip their sales. If the government were to be a complete partner in risk...
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INFORMACIÓN
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1992/07/31
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Artículo de periódico
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14083
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1
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1
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1999/10/21
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A not so simple alternative to the income tax for socialist economies in transition : a comment on McClure
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inflation