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Both the mining and the burning of coal is pollutive, so one might expect to observe taxes on coal production and consumption. Yet several countries in Western Europe subsidize coal production, and most East European countries subsidize coal consumption. The first part of this paper shows that...
Persistent link: https://www.econbiz.de/10005504664
We analyze the role of optimal income taxation across different local labor markets. Should labor in large cities be …
Persistent link: https://www.econbiz.de/10011145397
usually taken as an argument against the necessity of government intervention through Pigouvian taxation in order to correct … be prevented from always trying to exploit all gains from trade, may in fact be solved by taxation. Thus, in our … framework Coasean bargaining is not a substitute for Pigouvian taxation; instead it is the very reason for government …
Persistent link: https://www.econbiz.de/10005661662
This paper extends the theory and measurement of the marginal cost of public funds (MCF) to account for labour force participation responses. Our work is motivated by the emerging consensus in the empirical literature that extensive (participation) responses are more important than intensive...
Persistent link: https://www.econbiz.de/10005788944
financed through age-dependent taxation that distorts human capital investment. Taxes redistribute income both across different …
Persistent link: https://www.econbiz.de/10005123612
The analysis provides a new explanation for two widespread problems concerning European unemployment policy: the disappointingly small effect of many past reform measures on unemployment; and the political difficulties in implementing more extensive reform programmes. We argue that the heart of...
Persistent link: https://www.econbiz.de/10005123912
understand why tax systems look the way they look. Finally, we exploit a database of reforms in labour taxation in the European …
Persistent link: https://www.econbiz.de/10009209830
We explore the consequence for taxation and regulation of bonus pay when investors are protected by taxpayers from …
Persistent link: https://www.econbiz.de/10009246598
This paper examines the impact of thin capitalization rules that limit the tax deductibility of interest on the capital structure of the foreign affiliates of US multinationals. We construct a new data set on thin capitalization rules in 54 countries for the period 1982-2004. Using confidential...
Persistent link: https://www.econbiz.de/10011083337
The present study provides estimates of the Effective Marginal Tax Rates (EMTRs) for a sample of 17 OECD countries and 11 manufacturing sectors in a single framework encompassing capital, labour and energy taxes. Our cross-country/cross-sector approach allows us comparing the incentives provided...
Persistent link: https://www.econbiz.de/10011083944