Optimal Profit Taxation as a Means of Financial Intermediation Undertaken by the Government

Corporate taxation as a means of encouraging risk taking is not required in a stock market economy but would raise social welfare in "farm" economies. If lumpsum transfers are not feasible, a corporate tax should take into account distributional effects of taxing wealth, but, in a stock market economy, the corporate tax need not take into account risk taking effects directly.

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Year of publication:	1979
Authors:	Mintz, Jack M.
Institutions:	Economics Department, Queen's University

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Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	3 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005653113