Wu, T. C. Michael; Yang, C. C. - In: Public Finance Review 39 (2011) 6, pp. 831-840
This article revisits the issues of neutrality and separability for a monopolistic firm. It is shown that as long as the monopolistic firm has objectives other than maximizing profit, then in general: (1) profit taxes will not be neutral, and (2) the firm's production and evasion decisions will...