alternative tax systems and identify potential distortions. Although the model is a highly simplified, it incorporates many … enhanced oil recovery and treats the impact of taxation on exploration and development in an integrated manner consistent with …

Taxation theory rarely takes entrepreneurship into consideration. We discuss how this omission affects conclusions … derived from standard models of capital taxation when applied to entrepreneurial income. Some of the defining features of … entrepreneurship often omitted by standard capital taxation theory are incorporated into the analysis. This includes the lack of a well …

As any non-lump-sum tax, corporate income taxation creates distortions in economic choices, reducing its efficiency …, the effects of taxation on business location and foreign direct investment are the major sources of distortions. …. This paper reviews some of these domestic and international distortions and their most recent estimates from the economic …

utility distribution, and then apply the model to examine the effects of a move from joint to individual taxation. We show …