Neutral Taxation of Risky Investment and Proportional Sacrifice
Research & Publications
Neutral Taxation of Risky Investment and Proportional Sacrifice
01/04/1997
Neutral Taxation of Risky Investment and Proportional Sacrifice
Lahiri Somdeb
Working Papers
In this paper, our purpose is to show that a tax schedule is neutral with respect to a concave utility function if and only if it is an equal proportional sacrifice tax schedule.
