allowed a tax-free return of capital contributed through new issues. A substantial difference is found between the regimes in …

The introduction of the 2006 Norwegian shareholder income tax was announced in advance, and it increased top marginal … tax rates on individual dividend income from zero to 28 percent. We document strong timing effects on dividend payout on a …

determination than in tax determination. Apart from some simulation studies, theoretical studies of optimal tax design typically … Atkinson-Stiglitz and Chamley-Judd results, this article raises the issue of tax-favored retirement savings, a topic where the …

loophole by providing grandfathering (exemption from withholding tax) for some securities. In this paper we compare the pre-tax … returns of exempt bonds and comparable taxable bonds. If working around the Savings Directive is difficult for tax evaders in … enough to allow tax evaders to continue evasion at no additional cost. The findings of our study are in line with this latter …

This paper analytically derives the conditions under which the slope of the tax reaction function is negative in a … classical tax competition model. If countries maximize welfare, we show that a negative slope (reflecting strategic … parameter configurations. The strategic tax response is crucial for understanding tax competition games, as well as for …

This paper analyses the switch to an ACE or to a CBIT type of tax system starting from the present German tax system …. We show that in case an ACE type of reform is financed by an increase in the VAT and not in the profit tax, it might be … preferred to a CBIT even in the context of an open economy. Moreover, the required exogenous increase in the profit tax rate …

Previous literature concludes that replacing wage taxation by taxes on a fixed factor or its rents benefits future … show that taxation of rents may also increase utility of the current generation provided tax revenues are earmarked to … reduce wage taxes. In particular, a shift in the tax mix may yield an intergenerational Pareto-improvement when the initially …