We introduce permanently-shifting income shares into a standard growth model with two types of agents. Capital owners … replicate the observed U.S. time paths of the top quintile income share, capital’s share of income, and key macroeconomic … variables over the period 1970 to 2013. For the baseline simulation, the welfare gain for capital owners is 3.7% of per …

dual role corporate taxation plays in attracting mobile capital, on the one hand, and in absorbing economic rents, on the …) taxation, while a large part of the tax competition literature views business taxes as unit (wealth) taxation. We point to the … of ad valorem taxes than in a system of unit taxes and that ad valorem taxation may be the equilibrium outcome in a …

this issue in a context allowing for other taxes and other preexisting distortions. It discusses taxation of intermediation …

is more pronounced than in partial equilibrium. The joint analysis of tax incidence and optimal taxation reveals that the …

flat and differentiated nominal tax rates on some forms of capital income. This paper discusses the rationale for the … adoption of semi-dual income tax in the taxation of public, occupational and private pensions and other retirement income …, taking the Portuguese experience as a possible guide to other countries. The particular effects of pension taxation on the …

a tax on fuel should be combined with heavier taxation of fuel-efficient vehicles to curb externalities from road …