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Cyclical and Concyclical Redistributive Taxation
Oleh:
Kemp, Murray C.
;
Shimomura, Koji
;
Long, Ngo Van
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
INTERNATIONAL ECONOMIC REVIEW vol. 34 no. 2 (1993)
,
page 415-430.
Topik:
TAXATION
;
cyclical
;
redistributive taxation
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
II49.3
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Consider the optimal time path of a tax on capital income the proceeds of which are transferred to labour in a lump sum. It is known from earlier open - loop formulations that, if the optimal rate of tax converges to a point, it converges to zero, implying that, in the long run, a tax on capital income can do nothing for social welfare. It is now shown that the optimal rate of tax need not converge to zero and, in the case of feedback formulations, that it may converge to a positive or negative number or to a limit cycle.
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