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A Report on 5-Year Amortization of Emergency Defense Facilities Under Section 168 of the Internal Revenue Code of 1954: December, 1956 (Classic Reprint) - Softcover

 
9780243906703: A Report on 5-Year Amortization of Emergency Defense Facilities Under Section 168 of the Internal Revenue Code of 1954: December, 1956 (Classic Reprint)

Synopsis

This book presents a detailed look at the use of tax policy to incentivize private investment in national defense industries during peacetime, with a specific focus on the emergency amortization program implemented in the wake of the Korean war. Emergency amortization, which allowed defense manufacturers to write off the cost of new investments against taxable income much faster than their actual depreciation, was a holdover from World War II. The author traces the evolution of this policy through its inception, implementation, and eventual termination. The book examines the challenges of determining which industries and projects were most deserving of emergency amortization, given the difficulties of predicting future defense needs, and considers the effectiveness of the program in meeting those needs given the lack of perfect foresight. Ultimately, the book asks whether incentivizing private investment through tax policy is an effective means of providing for long-term national defense needs, given the program’s significant cost and the potential for distorting investment decisions.

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9780267611485: A Report on 5-Year Amortization of Emergency Defense Facilities Under Section 168 of the Internal Revenue Code of 1954: December, 1956 (Classic Reprint)

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ISBN 10:  026761148X ISBN 13:  9780267611485
Publisher: Forgotten Books, 2018
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United States Congress
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ISBN 10: 0243906706 ISBN 13: 9780243906703
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Paperback. Condition: New. Print on Demand. This book presents a detailed look at the use of tax policy to incentivize private investment in national defense industries during peacetime, with a specific focus on the emergency amortization program implemented in the wake of the Korean war. Emergency amortization, which allowed defense manufacturers to write off the cost of new investments against taxable income much faster than their actual depreciation, was a holdover from World War II. The author traces the evolution of this policy through its inception, implementation, and eventual termination. The book examines the challenges of determining which industries and projects were most deserving of emergency amortization, given the difficulties of predicting future defense needs, and considers the effectiveness of the program in meeting those needs given the lack of perfect foresight. Ultimately, the book asks whether incentivizing private investment through tax policy is an effective means of providing for long-term national defense needs, given the programās significant cost and the potential for distorting investment decisions. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9780243906703_0

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United States Congress
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ISBN 10: 0243906706 ISBN 13: 9780243906703
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9780243906703

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United States Congress
Published by Forgotten Books, 2018
ISBN 10: 0243906706 ISBN 13: 9780243906703
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