In this work we build up a general model which allows us to present some recent advances in the topic of optimal taxation of capital income in dynamic environments. In particular, on the one hand we put an emphasis on the similarities of such problem with the more traditional static approach and, on the other hand, we highlight the conditions under which the Judd (1985) and Chamley (1986) long run zero tax result does hold or is violated.
RECENT DEVELOPMENTS IN DYNAMIC CAPITAL INCOME TAXATION THEORY: A REVIEW
DE BONIS, VALERIA;SPATARO, LUCA
2004-01-01
Abstract
In this work we build up a general model which allows us to present some recent advances in the topic of optimal taxation of capital income in dynamic environments. In particular, on the one hand we put an emphasis on the similarities of such problem with the more traditional static approach and, on the other hand, we highlight the conditions under which the Judd (1985) and Chamley (1986) long run zero tax result does hold or is violated.File in questo prodotto:
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