In this article we use a stochastic model with one representative firm to study business tax policy under default risk. We will show that, for a given tax rate, the government has an incentive to reduce (increase) financial instability and default costs if its objective function is welfare (tax revenue).
Business Tax Policy under Default Risk
Nicola Comincioli;Paolo Panteghini;Sergio Vergalli
2019-01-01
Abstract
In this article we use a stochastic model with one representative firm to study business tax policy under default risk. We will show that, for a given tax rate, the government has an incentive to reduce (increase) financial instability and default costs if its objective function is welfare (tax revenue).File in questo prodotto:
| File | Dimensione | Formato | |
|---|---|---|---|
|
ndl2019-011.pdf
accesso aperto
Tipologia:
Full Text
Licenza:
PUBBLICO - Creative Commons 2.1
Dimensione
900.64 kB
Formato
Adobe PDF
|
900.64 kB | Adobe PDF | Visualizza/Apri |
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
