The tax bias in favour of debt finance under the corporate income tax means that corporate debt ratios exceed the …

reduce the cost of capital for small firms. It also argues that a shareholder income tax on the equity premium with full loss …

This paper analyzes optimal linear taxes on labor income and savings in a standard two-period life-cycle model with … endogenous leisure demands in both periods and non-insurable income risks. Households are subject to skill shocks in both periods …