As a main principle, income is taxed when earned. This principle is broken in case of unrealized capital gains (recovered depreciations, unrecorded intangible assets etc.). Such incomes are taxed when realized or the ‘latent tax’ is passed on to the new owner (tax succession). In Denmark,...

We introduce the Hausman method for estimation of labour supply and present some recent <p> quantitative studies of Danish labour supply based on this approach. The preferred model is used <p> for simulating labour supply and distributional impact of alternative tax reforms which reduce the <p> tax...</p></p></p>