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Refereed essays Web of Science
The system of business income taxation consists of two instruments, namely a statutory tax rate and a depreciation allowance on investment. We will show in this paper that by acting on both instruments simultaneously it is possible to achieve both a growth and a fiscal net revenue target even in cases when a trade-off prevails when each instrument is used individually.As will be shown in the paper, ...
In:
Journal of Macroeconomics
81 (2024), 103606, 20 S.
| Marius Clemens, Werner Röger
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Refereed essays Web of Science
In this paper, we analyse a sample of voluntarily published country-by-country reports (CbCRs) of 35 multinational enterprises (MNEs). We assess the value added and the limitations of qualitative and quantitative information provided in the reports based on a comparison to individual MNEs’ annual financial reports and aggregate CbCR data provided by the OECD. In terms of data quality, we find that ...
In:
International Tax and Public Finance
(2024), im Ersch. [online first: 2024-01-11]
| Sarah Godar, Giulia Aliprandi, Tommaso Faccio, Petr Janský, Katia Toledo Ruiz
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Event
Is global tax evasion falling or rising? Are new issues emerging, and if so, what are they? Have governments been effective in addressing tax evasion over the past 10 years? What has worked so far and what are some policies for the future?
Gabriel Zucman, founding director of the EU Tax Observatory, and Sarah Godar will present key result from the inaugural Global Tax Evasion Report. The report...
02.11.2023| Gabriel Zucman, Gerhard Schick, Christian Traxler, Charlotte Bartels, Sarah Godar
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Research Project
The EU Tax Observatory is an independent research laboratory hosted at the Paris School of Economics and DIW is the national cooperation partner. It conducts innovative research on taxation, contributes to a democratic and inclusive debate on the future of taxation, and fosters a dialogue between the scientific community, civil society, and policymakers in the European Union and worldwide.
Current Project| Macroeconomics, Forecasting and Economic Policy
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Research Project
Development of a dynamic framework to depict and compare the effects of wealth policy instruments in the short, medium, and long term. Among the examined instruments are a general wealth tax, a social inheritance, and a social dividend.
Completed Project| Macroeconomics, Forecasting and Economic Policy
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Diskussionspapiere 1933 / 2021
As the institutional literature convincingly shows, socioeconomic phenomena are to a large extent shaped by the formal institutions, that is, legal acts (laws and ordinances). However, the latter are formulated in a speciï¬c language that is difficult to understand, let alone to measure. However, since the early 1990s, a whole branch of economic analysis of governmental regulations has evolved. ...
2021| Konstantin A. Kholodilin, Linus Pfeiffer
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Externe Monographien
To finance resolution funds, the regulatory toolkit has been expanded in many countries by bank levies. In addition, these levies are often designed to reduce incentives for banks to rely excessively on wholesale funding resulting in high leverage ratios. At the same time, corporate income taxation biases banks’ capital structure towards debt financing in light of the deductibility of interest on debt. ...
Vienna:
SUERF,
2020,
6 S.
(SUERF Policy Briefs ; 21/2020)
| Franziska Bremus, Kirsten Schmidt, Lena Tonzer
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DIW Weekly Report 35 / 2020
Following the global financial crisis of 2008/2009, many European countries introduced bank levies to enable financial institutions to share in the costs of future banking crises via resolution and restructuring funds. Simultaneously, bank levies can set an incentive for banks to reduce their leverage, thereby achieving a more stable capital structure. Using information from banks’ balance sheets, ...
2020| Franziska Bremus, Lena Tonzer
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Refereed essays Web of Science
Regulatory bank levies set incentives for banks to reduce leverage. At the same time, corporate income taxation makes funding through debt more attractive. In this paper, we explore how regulatory levies affect bank capital structure, depending on corporate income taxation. Based on bank balance sheet data from 2006 to 2014 for a panel of EU-banks, our analysis yields three main results: The introduction ...
In:
Journal of Banking & Finance
118 (2020), 105874
| Franziska Bremus, Kirsten Schmidt, Lena Tonzer
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Diskussionspapiere 1821 / 2019
We present evidence on the open economy consequences of US fiscal policy shocks identified through proxy-instrumental variables. Tax shocks and government spending shocks that raise the government budget deficit lead to persistent current account deficits. In particular, the negative response of the current account to exogenous tax reductions through a surge in the demand for imports is among the strongest ...
2019| Mathias Klein, Ludger Linnemann