Journal of Economic Literature
Book Reviews
2026-09-01
John Diamond of Rice University reviews “Taxing Corporate Income in the 21st Century” by Alan J. Auerbach, James R. Hines, Joel Slemrod,. The EconLit Abstract of the reviewed work begins “Nine papers and eighteen comments, originally presented at a conference held at the Stephen M. Ross School of Business at the University of Michigan in May 2005, explore issues surrounding the corporation income tax. Papers discuss the effects of taxes on market responses to dividend announcements and payments--what we can learn from the 2003 dividend tax cut; dissecting dividend decisions--some clues about the effects of dividend taxation from recent U.K. reforms; the 2003 dividend tax cuts and the value of the firm--an event study; how elastic the corporate income tax base is; an empirical examination of corporate tax noncompliance; the extent, growth, and efficiency consequences of state business tax planning; corporate taxation and international competition; the changing role of auditors in corporate tax planning; and taxation and the evolution of aggregate corporate ownership concentration. Auerbach is Robert D. Burch Professor of Economics and Law and Director of the Burch Center for Tax Policy and Public Finance at the University of California, Berkeley. Hines is Richard A. Musgrave Collegiate Professor of Economics and Professor of Law at the University of Michigan. Slemrod is Paul W. McCracken Collegiate Professor of Business Economics and Public Policy at the University of Michigan. Index.”