This paper investigates the presence of framing effects and loss aversion in tax reporting behavior of wage earners using a balanced panel of German income tax return data. Reference dependence and loss aversion suggest that individuals in a perceived loss situation attribute higher value to a...

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 - gekürzt, wobei den Steuersatz...

We look at the theory of arbitrage with taxation under certainty. The tax scale in our model is not linear. Under the premise that tax scale is convex, we analyze prices that do not exhibit arbitrage opportunities. It turns out that there are two kinds of arbitrage: unbounded as well as bounded...

We analyze optimal income taxes with deductions for work-related or consumptive goods. We consider two cases. In the first case (called a complex tax system) the tax authorities can exactly distinguish between consumptive and work-related expenditures. In the second case (called a simple tax...