Optimal Profit Taxation as a Means of Financial Intermediation Undertaken by the Government

Jack Mintz

Working Paper from Economics Department, Queen's University

Abstract: Corporate taxation as a means of encouraging risk taking is not required in a stock market economy but would raise social welfare in "farm" economies. If lumpsum transfers are not feasible, a corporate tax should take into account distributional effects of taxing wealth, but, in a stock market economy, the corporate tax need not take into account risk taking effects directly.

Pages: 36
Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:qed:wpaper:348

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