… reason that the conclusions of the taxation-andrisk literature have … examines the
taxation-and-risk literature to determine the … The models are correct within their assumptions, so …

… Risk" [3] and Musgrave in his text-book [2]1 come to the … with full loss offset, increase the
holding of the risky asset in a … the no-loss-offset case leads to the result that the direction of …

… reconsiders the effects of taxation on risky assets, recognizing the … the future price of capital
goods is known with certainty are very misleading as guides to the effects of corporate taxes. …

… taxes may shape the within-firm allocation of risk: (1) transfer pricing rules requiring risk to be
… corporate taxes affect firms' choices regarding the allocation of risk and to what extent such …

… on the sole risk project for disposal to the non -sole -risk party. In this way, … the taxation
implications of a sole -risk program and the taxation results that one expects to flow to a sole -risk …

… Abstract - This paper extends the literature on the effect of an income tax on risk taking to …
taxes. This paper shows how the results from the taxation and risk literature extend to this case. …

… Within this framework we then consider successively the tax effects on the saving decisions
… social security), the question of the incidence of taxation, and the problem of the optimum tax …

… that an income tax partially taxes risky returns, with the degree of taxation dependent on
the investor's risk aversiofi.Finally, the equivalence approach concludes that an income tax is …

… , whether taxation of risk premia would be unfair to risk takers in the same way that taxation
of the … Our discussion of the effect of taxation on risk taking should be of interest even to those …

… The allocation of risk and of the income from risky investment and activities belongs to the
… of capital income in general will end up in the taxation of the risk-free rate of return as all tax …