after taxes cannot hold. Then an alternative approach for incorporating an income tax into the NPV calculus is discussed …If one wants to evaluate the impact of an income tax on the value of a project or a firm the so called standard model … factor (1-s) where s is the income tax rate (assumed to be constant and deterministic). In this paper this Johannson model is …

The distribution of income and wealth in Germany is assessed quite differently. Depending on the indicators, the sample … more unequally among younger income earners than among older ones. The importance of wealth should not be underestimated in …