Gordon, Roger Hall; Gaspar, Vitor - In: Advances in Economic Analysis & Policy 1 (2001) 1
immobility reported by Feldstein and Horioka (1980) as well as the survival of taxes on capital income. These intuitions are … necessarily facilitate the taxation of capital income. While random equity returns do facilitate taxes on equity income, as shown … in Gordon and Varian (1989) and Huizinga and Nielsen (1997), random consumer prices appear to undermine taxes on capital …