Thursday, October 28, 2010
Optimal tax theory & Wayne Rooney
Posted by Kevin Denny
This paper in a leading theoretical public finance journal argues cogently that "superstars" like Wayne Rooney earn rents which can and should be taxed away by the Chancellor of the Exchequer, m'lud. An interesting proposition indeed, although whether this has any implications for tax policy in Ireland where, happily, there are not many superstars is doubtful.