obtain 8% and 1%. Dynamic scoring for the EU-14 shows that 54% of a labor tax cut and 79% of a capital tax cut are self-financing …We compare Laffer curves for labor and capital taxation for the US, the EU-14 and individual European countries, using … US can increase tax revenues by 30% by raising labor taxes and by 6% by raising capital income taxes. For the EU-14 we …

's government uses linear taxation to fund exogenous expenditures and uses public debt to inter-temporally allocate tax distortions …. We characterize a class of environments in which the tax on labor goes to zero in the long run, while the tax on capital …

European nations substitute between employment protection regulations and labor market expenditures (e.g., unemployment … adjustments than other labor insurance mechanisms. Venture capital and private equity investors are especially sensitive to these … labor adjustment costs. Nations favoring labor expenditures as the mechanism for providing worker insurance developed …

capital stock. The Pareto improving fiscal policies weakly expand every agent's budget set at every point in time. The … policies improve risk sharing and potentially guide the economy to a more efficient level of capital. In simulations, we find …

or absence of capital gains tax treatment of foreign exchange gains or losses. Effects of non-indexation of tax treatment …