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Escaping the Exchange of Information : Tax Evasion Via Citizenship-by-Investment

Langenmayr, Dominika; Zyska, Lennard - 2021

With (automatic) exchange of tax information among countries now common, tax evaders have had to find new ways to hide their offshore holdings. One such way are citizenship-by-investment programs, which offer foreigners a new passport for a local investment or a fixed fee. We show analytically...

Persistent link: https://www.econbiz.de/10013237222

Rent Taxation and its Intertemporal Welfare Effects in a Small Open Economy

Koethenbuerger, Marko; Poutvaara, Panu - 2021

Previous literature concludes that replacing wage taxation by taxes on a fixed factor or its rents benefits future … reduce wage taxes. In particular, a shift in the tax mix may yield an intergenerational Pareto-improvement when the initially …

Persistent link: https://www.econbiz.de/10013316664

The Impact of Tax Uncertainty on Irreversible Investment

Niemann, Rainer - 2021

Tax legislation, fiscal authorities, and tax courts create tax uncertainty by frequent tax reforms and various different interpretations of the tax law. Moreover, investors generate model-specific tax uncertainty by using simplified models that anticipate the actual tax base incorrectly. I...

Persistent link: https://www.econbiz.de/10013316889

The 2008 financial crisis and taxation policy

Hemmelgarn, Thomas; Nicodème, Gaëtan J.A. - 2010

crisis. In particular, it reviews the existing evidence on the links between taxes and many characteristics of the crisis …

Persistent link: https://www.econbiz.de/10010266095

Business Tax Policy Under Default Risk

Comincioli, Nicola - 2019

In this article we use a stochastic model with one representative firm to study business tax policy under default risk. We will show that, for a given tax rate, the government has an incentive to reduce (increase) financial instability and default costs if its objective function is welfare (tax...

Persistent link: https://www.econbiz.de/10012866382

Investment Responses to Tax Policy Under Uncertainty

Guceri, Irem - 2019

How does economic uncertainty affect the impact of tax policy? We exploit a natural experiment in which two very similar investment subsidies were implemented in the same country, two years apart: once during a period of economic stability, and once during a period of very high uncertainty....

Persistent link: https://www.econbiz.de/10012859606

Unemployment and Tax Design

Hummel, Albert Jan - 2021

This paper studies optimal income taxation in an environment where matching frictions generate a trade-off for workers between high wages and low unemployment risk. A higher marginal tax rate shifts the trade-off in favor of low unemployment risk, whereas a higher tax burden or unemployment...

Persistent link: https://www.econbiz.de/10013219072

Taxation Under Direct Democracy

Geschwind, Stephan; Roesel, Felix - 2021

Do citizens legislate different tax policies than parliaments? We provide quasi-experimental evidence for causal effects of direct democracy. Town meetings (popular assemblies) replace local councils in small German municipalities below a specific population threshold. Difference-in-differences,...

Persistent link: https://www.econbiz.de/10013220134

Does Tax Policy Work When Consumers Have Imperfect Price Information? Theory and Evidence

Montag, Felix; Sagimuldina, Alina; Schnitzer, Monika - 2021

We investigate how the pass-through rate of commodity taxes depends on competition in a setting where consumers have …

Persistent link: https://www.econbiz.de/10013223660

The Internet as a Tax Haven?

Agrawal, David R. - 2021

avoidance; but, if online firms remit taxes, online sales may put upward pressure on tax rates because internet sales help … enforce destination-based taxes. I find that higher internet penetration generally results in lower municipal tax rates, but … raises tax rates in some jurisdictions. The latter effect emerges in states where many online vendors remit taxes. A one …

Persistent link: https://www.econbiz.de/10013240113