NORMATIVE ASPECT'S OF STATE-CONTINGENT CAPITAL INCOME TAXATION

Vidar Christiansen

No 268378, Economic Research Papers from University of Warwick - Department of Economics

Abstract: State contingent and asset specific capital income taxes are studied within the framework of a two-period, two-asset and two-state model. Distortions of savings and choice of portfolio in the presence of uncertainty are discussed. Important properties of the taxes are exposed. Conditions for having no portfolio distortion at the tax optimum are established.

Keywords: Agricultural and Food Policy; Financial Economics (search for similar items in EconPapers)
Pages: 33
Date: 1990-04-04
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uwarer:268378

DOI: 10.22004/ag.econ.268378

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