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How Can a Country 'Graduate' from Procyclical Fiscal Policy? Evidence from China

Fuest, Clemens; Xing, Jing - 2021

In this study, we analyze the cyclicality of fiscal policies in China during the period 1978-2013. We find that the cyclicality of local government spending in China significantly affects the cyclicality of total government spending. By employing both time-series and province-level panel data,...

Persistent link: https://www.econbiz.de/10013315528

The Role of the Corporate Income Tax as an Automatic Stabilizer

Buettner, Thiess - 2009

This paper analyses the effectiveness of the corporate income tax as an automatic stabilizer. It employs a unique firm-level dataset of German manufacturers combining financial statements with firm-specific information about credit market restrictions. The results show that approximately 20 per...

Persistent link: https://www.econbiz.de/10013156033

Tax Cuts Starve the Beast! Evidence from Germany

Fuest, Clemens - 2020

The 'starving the beast' hypothesis claims that tax cuts lead to lower public spending, rather than higher debt levels and higher taxes in the future. This paper uses the institutional setting of German fiscal federalism to its advantage in order to explore how fiscal policy reacts to exogenous...

Persistent link: https://www.econbiz.de/10012844209

The Pass-Through of Temporary VAT Rate Cuts : Evidence from German Supermarket Retail

Fuest, Clemens; Neumeier, Florian; Stöhlker, Daniel - 2021

identify the causal price effects, we compare the development of prices in Germany to those in Austria. Our findings indicate …

Persistent link: https://www.econbiz.de/10013222200

Does Expert Information Affect Citizens' Attitudes Toward Corona Policies? Evidence from Germany

Fuest, Clemens; Immel, Lea; Neumeier, Florian; Peichl, … - 2021

Information provided by experts is widely believed to play a key role in shaping attitudes towards policy responses to the COVID-19 pandemic. This paper uses a survey experiment to assess whether providing citizens with expert information about the health risk of COVID-19 and the economic costs...

Persistent link: https://www.econbiz.de/10013231970

Who Bears the Burden of Real Estate Transfer Taxes? Evidence from the German Housing Market

Dolls, Mathias; Fuest, Clemens; Krolage, Carla; … - 2021

This paper examines the effects of real estate transfer taxes (RETT) on property prices using a rich micro dataset of roughly 17 million German properties for the period from 2005 to 2019. We exploit a 2006 constitutional reform that allows states to set their own RETT rates, leading to frequent...

Persistent link: https://www.econbiz.de/10013250043

Corporate Profit Shifting and the Role of Tax Havens : Evidence from German Country-by-Country Reporting Data

Fuest, Clemens; Hugger, Felix; Neumeier, Florian - 2021

annual tax base loss for Germany amounts to EUR 5.4 billion. Adding estimates of profit shifting by multinationals not … covered by the CbC data yields an overall estimate for profits shifted out of Germany to tax havens of EUR 19.1 billion per … year, corresponding to 4.3% of the profits reported by these firms in Germany. This implies a tax revenue loss due to …

Persistent link: https://www.econbiz.de/10013250044

Do Higher Corporate Taxes Reduce Wages? Micro Evidence from Germany

Fuest, Clemens; Peichl, Andreas; Siegloch, Sebastian - 2021

This paper estimates the incidence of corporate taxes on wages using a 20-year panel of German municipalities exploiting 6,800 tax changes for identification. Using event study designs and differences-in-differences models, we find that workers bear about half of the total tax burden....

Persistent link: https://www.econbiz.de/10013315773

Corporate Tax Reform and Foreign Direct Investment in Germany - Evidence from Firm-Level Data

Becker, Johannes; Fuest, Clemens; Hemmelgarn, Thomas - 2021

foreign-held affiliates in Germany. We do so by exploiting the very rich MiDi data base from the Deutsche Bundesbank. Although …

Persistent link: https://www.econbiz.de/10013317578

Tax Cuts Starve the Beast! Evidence from Germany

Fuest, Clemens; Neumeier, Florian; Stöhlker, Daniel - 2019

Persistent link: https://www.econbiz.de/10012179808