We extend the Ahmad and Stern (1984) framework for calculating the marginal cost of public funds (MCF) for excise taxes in Thailand by incorporating non-tax distortions caused by (a) environmental externalities, (b) public expenditure externalities, (c) market power in setting prices, (d)...

Strategies to efficiently manage the tax aspects of investing have been extensively researched and developed over the past several decades. In 1986 Joseph Stiglitz outlined a general set of principles of tax avoidance which focus on 1) postponement of capital gains 2) arbitrage between investors...