[akikuchi]

Anyone interested in reading more about this should check out this paper that was fairly central in advancing the debate over the last four years. It's an interesting read, and highlights some of the challenges with matching tax policy to desired outcomes. http://victorfleischer.com/archives/80

Also, this is an interesting blog archive from when the author of that paper was a regular contributor, as the debate picked up in 2006-2007: http://www.theconglomerate.org/taxation/page/3/