haku: @indexterm Tax optimization / yhteensä: 11
viite: 9 / 11
| Tekijä: | Ollikainen, M. |
| Otsikko: | Sustainable forestry: Timber bequests, future generations and optimal tax policy. |
| Lehti: | Environmental and Resource Economics
1998 : OCT, VOL. 12:3, p. 255-273 |
| Asiasana: | Environmental protection Renewable resources Tax optimization Inheritance tax |
| Kieli: | eng |
| Tiivistelmä: | The author analyzes harvesting and timber bequest behaviour in a two-period overlapping generations model where the government uses site productivity, yield and inheritance taxation. He discusses the optimal design of forest and inheritance taxes by assuming that intergenerational externalities are either absent or operative. In the absence of intergenerational externalities, it is optimal to use only the site productivity tax, and not to introduce yield and ingheritance taxes at all. In the presence of intergenerational externalities the situation changes. The paper demonstrates that the externality can be internalized by introducing either a yield tax or an inheritance subsidy, or both. If the government is able to use both at the same time, it is desirable to use the yild tax to 'punish' excessive harvesting and an inheritance subsidy to 'bribe' to give bequests. |
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