«Neutral» Profit Taxation, Risk Taking and Optimal Profit Taxation

Jack Mintz

No 1982021, Discussion Papers (REL - Recherches Economiques de Louvain) from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: The object of this study is to answer two questions related to the design of profit taxes when taking into account riskiness of firms. The first question is the following: leaving aside general equilibrium effects of taxation on the interest rate and risk premia faced by firms, would a cash flow tax be neutral with respect to the investment decisions made by firms. The second question to be considered is whether profit tax rates should vary across industries because of different degrees of riskiness facing each industry.

Pages: 26
Date: 1982-06-01
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Citations: View citations in EconPapers (7)

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