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The Role of Fiscal Instruments in Environmental Policy

Kosonen, Katri; Nicodème, Gaëtan J.A. - CESifo - 2009

Environmental protection is one of Europe's key values. The EU has set clear policy objectives to achieve its environmental goals. The EU has favoured market-based instruments, among which fiscal instruments to tackle the climate change problem. This paper takes a policy-making perspective and...

Persistent link: https://www.econbiz.de/10005013063

The Long Arm of the European VAT, Exemplified by the Dutch Experience

Bettendorf, Leon; Cnossen, Sijbren - CESifo - 2014

The European Commission is evaluating the performance of the common VAT, which has many shortcomings. The numerous … exemptions and differentiated rate structures violate the logic and functionality of the VAT. The exemptions distort input … choices and outsourcing policies. Reduced rates are ill-targeted tools for mitigating the regressivity of the VAT. In view of …

Persistent link: https://www.econbiz.de/10010756161

Mobilizing VAT Revenues in African Countries

Cnossen, Sijbren - CESifo - 2014

income taxes. To enable their use, VAT design has to be improved. Currently, many VATs are so riddled with exemptions and … luxury goods. VAT base-broadening would not only increase revenue, but also reduce the economic distortions and …

Persistent link: https://www.econbiz.de/10011093981

Indirect Taxation in Vertical Oligopoly

Peitz, Martin; Reisinger, Markus - CESifo - 2009

This paper analyzes the effects of specific and ad valorem taxation in an industry with downstream and upstream oligopoly. We find that in the short run, i.e. when the number of firms in both markets is exogenous, the results concerning tax incidence tend to be qualitatively similar to models...

Persistent link: https://www.econbiz.de/10005051514

Does Ownership Affect the Impact of Taxes on Firm Behavior? Evidence from China

Fuest, Clemens; Liu, Li - CESifo - 2015

Does ownership affect the way firms react to corporate taxation? This paper exploits key features of recent corporate tax reforms in China to shed light on the differential impact of taxation on firms under different ownership regimes including private, collectively owned and state owned...

Persistent link: https://www.econbiz.de/10011265253

The Impact of Dividend Taxation on Dividends and Investment: New Evidence Based on a Natural Experiment

Kari, Seppo; Karikallio, Hanna; Pirttilä, Jukka - CESifo - 2009

There is a lack of clear evidence of the ways in which dividend taxation affects dividend distributions and investment since the evidence is based mainly on the behaviour of large listed companies. This paper utilises a large register-based panel data set, where the vast majority of firms are...

Persistent link: https://www.econbiz.de/10005013938

Sweden - from Macroeconomic Failure to Macroeconomic Success

Calmfors, Lars - CESifo - 2012

Major economic reforms have been carried through in Sweden during the last two decades. Most of the reforms have been made in response to long-standing rather than to acute problems. There has usually been a strong perception among economists, policy makers and the general public of the problems...

Persistent link: https://www.econbiz.de/10010544185

The Distributional Consequences of Tax Reforms under Market Distortions

Angelopoulos, Konstantinos; Jiang, Wei; Malley, Jim - CESifo - 2011

In this paper we examine the importance of imperfect competition in product and labour markets in determining the long-run welfare effects of tax reforms assuming agent heterogeneity in capital holdings. Each of these market failures, independently, results in welfare losses for at least a...

Persistent link: https://www.econbiz.de/10009325806

Theoretical and Practical Arguments for Modeling Labor Supply as a Choice among Latent Jobs

Dagsvik, John K.; Jia, Zhiyang; Kornstad, Tom; … - CESifo - 2012

Models of labor supply derived from stochastic utility representations and discretized sets of feasible hours of work have gained popularity because they are more practical than the standard approaches based on marginal calculus. In this paper we argue that practicality is not the only feature...

Persistent link: https://www.econbiz.de/10009421690

Fundamental Tax Reform in The Netherlands

Cnossen, Sijbren; Bovenberg, Lans - CESifo - 2000

The Dutch Parliament has passed legislation for a new income tax that abolishes the current tax on personal capital income and substitutes it by a presumptive capital income tax, which is in fact a net wealth tax. This paper contrasts this wealth tax with a conventional realization-based capital...

Persistent link: https://www.econbiz.de/10005766199