Should we exempt the services of insurance companies from VAT? Addressing this issue, the paper distinguishes between … insurance against a general loss of resources and a loss of a specific commodity (property insurance). There is a case for … exempting the former kind of insurance, but not the latter. Finally, comparing insurance through a producer warranty with …

A central yet often overlooked aspect of an income tax is that it acts as insurance against the risk of low income … everyone, no matter how successful, faces some risk of lost income, that assurance provides us an insurance benefit, even if …

progressive income tax in particular, provides insurance against the risk of uncertain future income. By providing for high taxes … of potential after-tax income relative to a lump-sum tax. This insurance function is distinct from the redistributive … income tax role in a federal system, given both its redistributive and insurance functions. The standard view in the …

provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is … capital tax is non-zero and trades off redistribution and insurance against savings distortions. Our quantitative results … reveal that the insurance component contributes significantly to optimal labor tax rates and provides an informative lower …

provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is … capital tax is non-zero and trades off redistribution and insurance against savings distortions. Our quantitative results … reveal that the insurance component contributes significantly to optimal labor tax rates and provides an informative lower …