Showing 1 - 10 of 22,216
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 general equilibrium model with integrated capital...
Persistent link: https://www.econbiz.de/10010509614
In the economic literature the fiscal burden on financial claims is usually measured by the expected tax rate. Auerbach has demonstrated that the use of this method can be seriously misleading. This paper develops a method for defining an effective tax rate adjusted for risk on uncertain...
Persistent link: https://www.econbiz.de/10012721966
Persistent link: https://www.econbiz.de/10014335555
This paper proposes two metrics to correctly measure under optimal capital structures the impact of corporate statutory tax rates (a) on the effective tax rate, and (b) on the operational risk of capital investment projects and their parent firm's project portfolio. For illustrative and...
Persistent link: https://www.econbiz.de/10015211040
Persistent link: https://www.econbiz.de/10012664673
Persistent link: https://www.econbiz.de/10015100425
Persistent link: https://www.econbiz.de/10001499736
Persistent link: https://www.econbiz.de/10000949587
It is well known that the implicit insurance provided by labor income taxes can reduce total saving. We show that this insurance can change the composition of saving as well because the reduction in labor-income risk may affect the amount of financial risk that an individual chooses to bear....
Persistent link: https://www.econbiz.de/10014102376
techniques from the theory of multiple risk-bearing. Applying this analysis, the effect of labor income taxes on the demand for …
Persistent link: https://www.econbiz.de/10012475083