Neutral Taxation of Risky Investment and Proportional Sacrifice

Somdeb Lahiri

IIMA Working Papers from Indian Institute of Management Ahmedabad, Research and Publication Department

Abstract: 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.

Date: 1997-04-01
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Persistent link: https://EconPapers.repec.org/RePEc:iim:iimawp:wp01441

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