two distinct distortions: i) taxes on capital and labour are the only available tax instruments for raising revenues, and … broad assumptions the two distortions create conflicting demands on the wage tax, while calling for a zero capital tax. By …-capital tax result in general is no longer valid under imperfectly competitive labour markets. …

-induced) outside option of workers, such as a decrease in unemployment benefits, public wages or, to a lesser extent, public … simulation suggests that reforming employment protection legislation does not seem to be a suitable tool from the perspective of … improving international competitiveness. All measures imply (income) redistribution between optimizing and liquidity …

) models. We illustrate our approach with fiscal feedback rules for tax instruments in a standard medium-scale DSGE model … modeled fiscal tax policy in two dimensions: (i) with respect to the dynamic responses of fiscal policy to exogenous shocks …

This paper analyses the effects of introducing a common EU tax base with formula apportionment on the size of the EU … wide tax base and on the distribution of the tax base between the EU member countries. We use a combined dataset of … tax base estimations. The data is used to construct i) a separate accounting and ii) a formula apportionment tax base for …