Gersovitz, Mark - International Monetary Fund (IMF) - 2006
maximizes a weighted sum of consumer surplus, profits, and tax receipts can tax firms with different efficiencies differently … ad valorem sales tax, and a profits tax with imperfect deductibility of capital cost, and a combination of the last two … receipts. Analytic and simulation results are provided. When both ad valorem taxes and the imperfect profits tax are combined …