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Steuern, Wettbewerb und Wettbewerbsneutralität
Haucap, Justus - 2011
Bei der Besteuerung nicht oder nur begrenzt handelbarer Dienstleistungen (wie z.B. lokale Postdienstleistungen) entfällt der Anpassungsdruck des internationalen Steuerwettbewerbs weitgehend, sodass etwaige Wettbewerbsverzerrungen insbesondere zwischen verschiedenen inländischen...
Persistent link: https://www.econbiz.de/10009312208
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Stock Market Reactions to Legislated Tax Changes : Evidence from the United States, Germany, and the United Kingdom
Hayo, Bernd; Mierzwa, Sascha - 2021
We study the effect of tax policy on stock market returns in the United States, Germany, and the United Kingdom using … GARCH models and a unique daily dataset of legislative tax changes during the period 1978 to 2018. We find that days of … discretionary tax legislation during all stages of the process often matter for returns, both in terms of statistical significance …
Persistent link: https://www.econbiz.de/10013223232
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Stock market reactions to legislated tax changes : evidence from the United States, Germany, and the United Kingdom
Hayo, Bernd; Mierzwa, Sascha - 2020 - This version: 18 November 2020
We study the effect of tax policy on stock market returns in the United States, Germany, and the United Kingdom using … GARCH models and a unique daily dataset of legislative tax changes during the period 1 December 1978 to 31 January 2018. We … find that days of discretionary tax legislation during all stages of the process often matter for returns, both in terms of …
Persistent link: https://www.econbiz.de/10012543058
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The effect of Germany's repeal of the corporate capital gains tax : evidence from the disposal of corporate minority holdings
Rünger, Silke - 2012
Germany's repeal of the corporate capital gains tax for the disposal of domestic holdings was expected to substantially … probability of a disposal increased after the tax reform. Using a unique data set with no need to proxy for the disposal of …
Persistent link: https://www.econbiz.de/10009502549
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Investors' portfolio choice and tax reforms : the 2008 German corporate tax reform reconsidered
Stimmelmayr, Michael - 2015 - This version: March 2015
The paper provides a comprehensive assessment of the latest German corporate income and capital tax reform, which … entails a major shift of the capital tax burden from the firm to the household level. Using a dynamic two-country computable … affected by the reform. Key to the limited growth is the domestic investors' portfolio choice as a channel for tax avoidance at …
Persistent link: https://www.econbiz.de/10010509614
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The effect of Germany's repeal of the corporate capital gains tax: Evidence from the disposal of corporate minority holdings
Rünger, Silke - 2012
Germany's repeal of the corporate capital gains tax for the disposal of domestic holdings was expected to substantially … probability of a disposal increased after the tax reform. Using a unique data set with no need to proxy for the disposal of …
Persistent link: https://www.econbiz.de/10010308237
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Investors' Portfolio Choice and Tax Reforms : The 2008 German Corporate Tax Reform Reconsidered
Stimmelmayr, Michael - 2015
The paper provides a comprehensive assessment of the latest German corporate income and capital tax reform, which … entails a major shift of the capital tax burden from the firm to the household level. Using a dynamic two-country computable … affected by the reform. Key to the limited growth is the domestic investors' portfolio choice as a channel for tax avoidance at …
Persistent link: https://www.econbiz.de/10013023193
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How do tax incentives affect business investment? : evidence from German bonus depreciation
Eichfelder, Sebastian; Schneider, Kerstin - 2018
We analyse how tax incentives in the form of accelerated depreciations ("bonus depreciation") affect business … investment. By exploiting exogenous variation in tax regulation of a regional bonus depreciation program in the former East …
Persistent link: https://www.econbiz.de/10011946434
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Testing Homogeneity of Time-Continuous Rating Transitions
Lawrenz, Claudia; Tschiersch, Patrick; Weißbach, Rafael - 2005
Banks could achieve substantial improvements of their portfolio credit risk assessment by estimating rating transition matrices within a time-continuous Markov model, thereby using continuous-time rating transitions provided by internal rating systems instead of discrete-time rating information....
Persistent link: https://www.econbiz.de/10010296695
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Impact of legislation on credit risk : how different are the UK and Germany?
Schmieder, Christian; Schmieder, Philipp; Kraemer-Eis, … - 2010
The analysis of credit risk and its impacting factors are important topics for the European Investment Fund (EIF, the Fund) as the Fund provides guarantees to financial institutions for portfolios of loans and leases to micro- and small and medium sized-enterprises (SMEs). In this context, the...
Persistent link: https://www.econbiz.de/10011862434