We derive an ex post neutral comprehensive income tax on pension schemes equivalent to a Johansson-Samuelson tax that guarantees non-discriminatory treatment of lifetime-dependent and other investments. By separately taxing contributions and benefits, our concept does not require any assumptions...

Transfer pricing within multinational firms has been a much discussed issue of corporate taxation over the last decade. Politicians and tax authorities suspect a tax loophole of threatening extent as under the prevailing system of “separate tax accounting” firms may use transfer pricing to...

An Estimation of the Revenue Loss from Introducing a Notional Interest Deduction on Nominal Capital into the German Corporate Tax. Capital income taxation in Germany distorts financing decisions of corporations as the after-tax cost of capital for equity is considerably higher than for debt....

This paper shows how to evaluate investment projects in transparently taxed partnerships and individual enterprises. After the German income tax reform 2008, there is an option for taxing retained earnings at a flat rate of 28.25 %‚ followed by a second taxation in the year of withdrawal. This...

We use a laboratory experiment to study the extent to which investors‘ choices are affected by limited loss deduction in income taxation. We first compare investment behavior in the no tax baseline to a tax control setting, in which the income from investments is taxed. We find that investors...

In a laboratory experiment that allows us to vary the taxation method while keeping the financial outcomes constant, we find clear evidence that aggregated income taxation (comparable to profit taxation) with complete loss deduction induces a sustained bias towards more risky investment...