This paper analyses the implications of a currently publicly debated issue, namely the introduction of a bonus tax. We … shed light on the effects of the bonus tax on compensation components and study its incidence. We use the Principal Agent … based compensation component always rises in the country introducing the tax such that the optimal contracts are tilted …

This paper analyses the switch to an ACE or to a CBIT type of tax system starting from the present German tax system …. We show that in case an ACE type of reform is financed by an increase in the VAT and not in the profit tax, it might be … preferred to a CBIT even in the context of an open economy. Moreover, the required exogenous increase in the profit tax rate …

This contribution describes the linkage of microsimulation models and computable general equilibrium (CGE) models using …, microsimulation models allow for detailed labor supply and distributional effects due to policy measures, as individual household data …