The Dutch Parliament has passed legislation for a new income tax that abolishes the current tax on personal capital income and substitutes it by a presumptive capital income tax, which is in fact a net wealth tax. This paper contrasts this wealth tax with a conventional realization-based capital...

This paper utilizes a simple general-equilibrium model to analyse the long-run effects of Bulgaria's 2007-08 corporate-personal income tax reforms. In particular, we consider the effect working through the firm's capital structure, and argue that the new reforms incentivize firms to increase...

Estimates of the elasticity of taxable income (ETI) is conventionally obtained by "stacking" three-year overlapping differences in the estimation. In effect, this means that the ETI estimate is an average of first-, second-, and third-year effects. The present paper draws attention to this...