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Redistributive Capital Taxation Revisited
Kina, Özlem; Slavik, Ctirad; Yazici, Hakki - 2021
transition following the optimal reform in the capital-skill complementarity model, implying substantial indirect redistribution … from skilled to unskilled workers. These results show that a government that cares about redistribution should take into …
Persistent link: https://www.econbiz.de/10013315178
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Dividend Taxation and Firm Performance with Heterogeneous Payout Responses
Bilicka, Katarzyna Anna; Güçeri, Irem; Koumanakos, … - 2023
We analyze the short and long-run performance of firms that were differentially affected by a new tax on dividends in the lead-up to the Global Financial Crisis. We use exogenous policy variation for firms with different legal statuses and financial year-end dates to causally identify the...
Persistent link: https://www.econbiz.de/10014263915
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Optimal Redistributive Wealth Taxation When Wealth is More than Just Capital
Franks, Max - 2020
We show how normative standpoints determine optimal taxation of wealth. Since wealth is not equal to capital, we find …
Persistent link: https://www.econbiz.de/10012841621
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Inheritance Taxation and Wealth Effects on the Labor Supply of Heirs
Kindermann, Fabian - 2019
The taxation of bequests can have a positive impact on the labor supply of heirs through wealth effects. This leads to … that a simple back-of-the-envelope calculation, based on existing estimates for the reduction in earnings after wealth … economy. Besides the joint distribution of income and inheritances, quasi-experimental evidence regarding the size of wealth …
Persistent link: https://www.econbiz.de/10012892312
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A Destination-Based Allowance for Corporate Equity
Hebous, Shafik - 2019
Following renewed academic and policy interest in the destination-based principle for taxing profits—particularly through a destination-based cash flow tax (DBCFT)—this paper studies other forms of efficient destination-based taxes. Specifically, it analyzes the Destination-Based Allowance...
Persistent link: https://www.econbiz.de/10012892223
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A growth oriented dual income tax
Keuschnigg, Christian; Dietz, Martin D. - 2005
This paper proposes a growth-oriented dual-income tax by combining an allowance for corporate equity with a broadly defined flat tax on personal capital income. Revenue losses are compensated by an increase in the value added tax. The paper demonstrates the neutrality properties of the reform...
Persistent link: https://www.econbiz.de/10010271071
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Fiscal reforms during fiscal consolidation: The case of Italy
Arachi, Giampaolo; Bucci, Valeria; Longobardi, Ernesto; … - 2012
In this paper we aim to discuss the strengths and weaknesses of the fiscal consolidation package adopted recently by the Italian Government in order to achieve a balanced budget by 2013. Revenues are forecasted to increase by more than 3.3 GDP percentage points; these stem mostly from indirect...
Persistent link: https://www.econbiz.de/10010281044
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Estimating the Laffer Tax Rate on Capital Income : Cross-Base Responses Matter!
Lefebvre, Marie-Noëlle; Lehmann, Etienne; Sicsic, Michaël - 2022
We theoretically express the Laffer tax rate on capital income as a function of the elasticities of capital income (the “direct” elasticity) and of labor income (the “cross” elasticity) with respect to the net-of-tax rate on capital income. We estimate these elasticities using salient...
Persistent link: https://www.econbiz.de/10014078675
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Royalty Taxation Under Tax Competition and Profit Shifting
Juranek, Steffen - 2018
The increasing use of intellectual property as a means to shift profits to low-tax jurisdictions or jurisdictions with so-called ‘patent boxes’ is a major challenge for the corporate tax base of medium- and high-tax countries. Extending a standard tax competition model for capital-enhancing...
Persistent link: https://www.econbiz.de/10012908675
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Kant-Nash Tax Competition
Eichner, Thomas - 2019
In a two-country economy we analyze how tax competition differs from the standard all-Nashian tax competition, if one or both countries are Kantians in Roemer’s sense. Kantians are shown to choose a higher tax rate than Nashians for any given tax rate of the other country, which indicates that...
Persistent link: https://www.econbiz.de/10012889230