) and the Allowance for Corporate Equity tax (ACE). Using an imperfect-competition model for a small open economy, it is … shown that the well-known neutrality property of ACE does not hold. Both corporate tax regimes distort market entry and … effects of ACE and CBIT, and whether entry is excessive or suboptimal at the given corporate tax rate. Imposing tax income …

Corporate Business Income Tax (CBIT) and the Allowance for Corporate Equity tax (ACE). A main result is that a small open … known neutrality property of the ACE tax is no longer true when firms are mobile and can enter the market. Which tax system … is better from a welfare point of view, CBIT or ACE, is shown to depend on assumptions about production technology and …

This paper provides an efficiency argument in favour of progressive labour income taxation. When the consumer faces a …

This paper provides an efficiency argument in favor of progressive labor income taxation. When the consumer faces a …

This Handbook entry presents a conceptual, normative overview of the subject of taxation. It emphasizes the … relationships among the main functions of taxation—notably, raising revenue, redistributing income, and correcting externalities …—and the mapping between these functions and various forms of taxation. Different types of taxation as well as expenditures on …

determinants of the optimal level of consumption taxation in relation to other taxes, as well as the optimal differentiation of … trade-offs in consumption taxation as well as point out important areas where more research is needed. …