As a main principle, income is taxed when earned. This principle is broken in case of unrealized capital gains (recovered depreciations, unrecorded intangible assets etc.). Such incomes are taxed when realized or the ‘latent tax’ is passed on to the new owner (tax succession). In Denmark,...

The spring load restriction policy of Minnesota has been in effect for over 50 years with little consideration given to the cost that it imposes on the freight industry. A cost-benefit study was recently commissioned to examine the policy. The cost-benefit analysis required a precise estimate of...

Do tax competition lead to a lowering of tax revenues and to suboptimal levels of public goods and social policies? This paper examines the impact of tax competition on tax structures and social policy financing in the European Union from 1980 to 1997. The expectations of tax structure...