This paper examines the appropriate taxation of financial services under a broad-based consumption tax. It is assumed that the underlying objective of the consumption tax is to maintain undistorted prices between current and future consumption (i.e., to impose no distortion on savings...

Examines the effects of limitations on the excludability of employer provided health insurance from taxable income on the pricing policies of insurance companies. Finds that if insurance companies engage in price discrimination, then the tax cap can lead to increases in the coverage rates of...