Taxes on risky returns — an update

Wolfgang Buchholz () and Kai Konrad

Working Papers from Max Planck Institute for Tax Law and Public Finance

Abstract: This paper surveys the theory on taxes on risky returns that originated from Domar and Musgrave (1944). Emphasis is given to the role of complete capital markets and on capital market imperfections arising from limited liability, moral hazard and adverse selection.

Keywords: risk taking; taxation; capital markets (search for similar items in EconPapers)
JEL-codes: H22 H25 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2014-07
New Economics Papers: this item is included in nep-hpe and nep-pub
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:mpi:wpaper:tax-mpg-rps-2014-10

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