class income. Furthermore, excluding the effect of taxes and the value of in-kind benefits further reduces observed …

their growth performance. In our model, the effects of taxation on growth are highly non-linear. Low or moderate tax rates …

, removes fat tails from the distribution of returns, and increases social welfare. In contrast, constant debt taxes are …

expropriated taxes - can increase the profits of all agents active within a common-pool resource. This somewhat counterintuitive …

of FPI to bypass home country taxation of multinational firms is also apparent using only portfolio investment responses …

an entrepreneurial sector, the paper investigates the effects of taxes on the equilibrium level of entrepreneurship and … managerial advice. It considers dierential wage and capital income taxes, a comprehensive income tax, incomplete loss offset …, progressive taxation as well as investment and output subsidies to the entrepreneurial sector …

taxation affects the after-tax returns of both risky and safe assets. Whenever taxes change, bond and equity prices adjust to …Tax rates have fluctuated considerably since federal income taxes were introduced in the United States in 1913. This … paper analyzes the effects of stochastic taxation on asset prices in a dynamic general equilibrium model. Stochastic …

costs of taxation, it necessarily increases the marginal cost of taxation over some ranges of expected revenue, so may …