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an entrepreneurial sector, the paper investigates the effects of taxes on the equilibrium level of entrepreneurship and … managerial advice. It considers differential 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. …
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income taxes as well as capital gains taxes and start-up capital subsidies on the volume and quality of venture capital …
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This paper analyses the effects of cuts in the marginal tax rates on income from labour and capital on the macroeconomy and on the intergenerational distribution of welfare in a small open economy. For this purpose we set up a computable general equilibrium model incorporating overlapping...
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