The income tax code of law (EStGB) of Paul Kirchhof (Judge of the Federal Constitutional Court, retd.) is a proposal to reform the income tax and the corporate tax, which was much-noticed in politics and media. The article examines the taxation of shares under the EStGB. In particular effects on...

The paper examines the extent and structure of taxable losses, their effect on revenues and distribution by means of microanalysis and microsimulation. The examination is based on the income and corporation tax statistics of the German Federal Statistical Office for the period from 1989 to 2001....