Innerhalb von nur einigen Jahren nach der Wende wurden die ostdeutschen Universitäten und Forschungsinstitute an das westdeutsche Hochschulsystem angepasst. Diese Anpassung bedeutete einen starken Umbruch der ostdeutschen Wissenschaft, die bis dahin unter anderen Bedingungen als in...

This essay examines the case for granting tax preferences to private university endowments. It looks first at the theoretical arguments that can be made to justify using tax preferences to enlist the help of private individuals in the pursuit of public goals, and finds that such arguments do not...

Under current law, the corporate income tax is unlikely to burden the returns generated by most productive assets. However, it is likely to burden the returns generated by at least some self-created intangible assets. Since self-created intangible assets are under-taxed relative to most other...

This paper examines the general relationship between state tax policy and state spending policy and concludes that states that rely solely (or even primarily) on either an income tax or a retail sales tax to finance state spending are pursuing an ultimately unstable course. States that seek to...

When income generated by business activity conducted in one country is ultimately consumed by an individual living in another country, both countries have typically been thought to have the right to tax such income. One basis for this result is that both countries provide taxpayer-funded...

Under current tax law, there can be considerable period-by-period divergence between a taxpayer's after-tax income and her desired or actual consumption. This divergence will cause the taxpayer to borrow. One can view such borrowing either as being incurred to fund consumption, or as being...