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dollar-denominated securities are increasingly inter-mediated by tax havens financial centers (THFC) and by less regulated … funds. These securities are risky and respond to tax rates and prudential regulations, suggesting tax avoidance and … sector and increased with quantitative easing policies. Facts on the privately held securities are rationalized through a …
Persistent link: https://www.econbiz.de/10012210945
Persistent link: https://www.econbiz.de/10003712510
such as government spending, taxes, and primary surplus. Effects in the opposite direction are much smaller. Results are …
Persistent link: https://www.econbiz.de/10003779453
In the spirit of Harberger, we apply a dynamic computable general equilibrium (CGE) model and estimate the excess burden stemming from the tax-induced distortion in the allocation of capital across the corporate and the non-corporate sectors in Germany. In doing so, we perform a counterfactual...
Persistent link: https://www.econbiz.de/10003771793
education expenditures, financed by distorting taxes, enhance the productivity of private education choices. We allow public …
Persistent link: https://www.econbiz.de/10003806000
In this model of education, where individuals are exposed both to educational risk and to wage risk within the skilled sector, successful graduation depends both on individual effort to study and on public resources. We show that insuring the present risks is a dichotomic task: Wage risk is...
Persistent link: https://www.econbiz.de/10003806025
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 large panel of non-listed corporations, with a surge of...
Persistent link: https://www.econbiz.de/10003806745
overshifting of both taxes is more likely to occur and is more pronounced under upstream oligopoly. As a result of this, a tax …
Persistent link: https://www.econbiz.de/10003818019
significantly dislike ads, i.e. in situations where traditional arguments for corrective taxes are strongest. -- Two-sided markets …
Persistent link: https://www.econbiz.de/10003820002
Much of the literature on externalities has considered taxes and direct regulation as alternative policy instruments … use of taxes and regulation in combination, to control externalities arising from individual consumption behaviour. We … consider cases where taxes are either imperfectly differentiated to reflect individual differences in externalities, or where …
Persistent link: https://www.econbiz.de/10003887337