In this paper the current literature's standard approach is used to estimate the elasticity of taxable income with respect to the net-of-tax rate using tax return data from the German Taxpayer-Panel spanning the years 2001 to 2006. To our knowledge this is done the first time for Germany using...

This article deals with the question whether the stylized income tax rate of 35 per cent used up to now by the IDW for valuation of companies has been properly calculated and whether it is still appropriate to use this income tax rate. The stylized income tax rate is an average tax rate,...

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....