As the link between tax compliance and tax morale is found to be robust, finding thedeterminants of tax morale can help to understand and fight tax evasion. In this paper weanalyze the effect of progressive taxation on tax morale in a cross-country approach – whichhas not been investigated...

We consider a median voter model with uncertainty about how theeconomy functions. The distribution of income is exogenously given andthe provision of a public good is ¯nanced through a proportional tax.Voters and politicians do not know the true production function for thepublic good, but by...

Will man den Einfluss der Einkommensteuer auf den Wert eines Projektes oder eines Unternehmens bestimmen, so bietet sich das Standardmodell als eines der populärsten Modelle an. Bei diesem Modell werden insbesondere im Nenner die Kapitalkosten um den Faktor (1-s) gekürzt, wobei s den...

... We show that a very specific linear relationship between the dividend yield and the expected rate of return on each portfolio has to hold. ... The analysis is based on prior works by Long and König, but accounts for recent changes in the German tax code.

This paper examines the impact of capital gains taxation on firms’ investment and financing decisions. We develop a real options model in which the timing of investment, the decision to default, and the firm’s capital structure are endogenouslyand jointly determined. Our analysis shows that...

This paper studies the corporate policy distortions caused by realization-based capital gains taxation at the personal level in a dynamic trade-off theory model. The lock-in effect of embedded capital gains creates severe conflicts of interest between incumbent and new investors. The firms...

We study a model where two parties, one from the left and one from the right, compete forposition. The election is to be held in the near future and the outcome is uncertain. Prior to theelection, the members of both parties nominate their prime ministerial candidates. Investorscare about the...

We estimate the elasticity of enrollment into higher education with respect to the amount of means tested student aid (BAfoeG) provided by the federal government using the German Socioeconomic Panel (SOEP). Potential student aid is derived on the basis of a detailed tax-benefit microsimulation...

Um eine erbschaftsteuerbedingte Betriebsaufgabe zu verhindernund den Erhalt von Arbeitsplätzen zu fördern, haben das Erbschaftsteuerreformgesetz2008 und das Wachstumsbeschleunigungsgesetz 2009 die Verschonungsregelnfür die Vererbung von Betriebsvermögen grundsätzlich überarbeitet.Dem...