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 … prevailing tax mix is sufficiently skewed towards wage taxation …

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 analyze the effects of stochastic taxation on investment behavior in a …

This paper investigates how parametric reform in a pay-as-you-go pension system with a tax benefit link affects … prime-age workers in the presence of a tax benefit link, thereby creating a policy trade-off in stimulating aggregate labor … how it depends on the behavioral supply elasticities on the extensive and intensive margins and the effective tax rates …

Tax law is often uncertain. In particular, the use of tax shelters tends to be in the “grey area” between illegal tax … evasion and legal tax avoidance. In this paper I show that uncertainty in tax law can help achieve higher efficiency than … allowing or disallowing a tax shelter with certainty. Furthermore, a tax dispute can lead to a net welfare gain despite the …

profits. Monopsony power increases the tax incidence that falls on firms. This makes labor income taxes less (more) effective … in redistributing labor income (profits). The optimal tax schedule is less progressive. Monopsony power alleviates the …

This paper studies how the global minimum tax shapes national tax policies and welfare in a formal model of … international tax competition with heterogeneous countries. The net welfare effect is generally ambiguous from the perspective of … non-havens. On the one hand, the global minimum tax raises their welfare by curbing profit shifting, which boosts …