This paper analyses the effects of cuts in the marginal tax rates on income from labour and capital on the macroeconomy and on the intergenerational distribution of welfare in a small open economy. For this purpose we set up a computable general equilibrium model incorporating overlapping...

Steuerreformen im Bereich der Kapitaleinkommensbesteuerung führen zu einer Beeinflussung der internationalen Kapitalbewegungen, denen letztlich eine Verzerrung der internationalen Kapitalallokation infolge ineffizienter internationaler Investitions- und Sparentscheidungen, also ein globaler...

Capital tax competition is analyzed in a model with a single private and a locally supplied public consumption good. As a benchmark case necessary conditions for efficient interregional tax structures are derived and contrasted with the outcome of beggar thy neighbor strategies. If households...

This paper analyses tax policy measures within a two sector endogenously growing economy with elastic labour supply. Pollution is modelled as a side product of physical capital stock used as a primary production factor in the final good sector. The framework allows to analyse consequences of...