Eichfelder, Sebastian; Lau, Mona - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 96 (2016) 2, pp. 101-105
German flat withholding tax on capital gains at the turn of the year 2008-09 led to a temporary but signifi cant increase in … trading volumes and share prices on the German stock market. As this capital gains tax reform had already been announced in … 2007, corresponding market reactions imply a delayed dissemination of tax information. Hence, our results raise some doubt …