We exploit a dataset that includes the individual tax returns of all taxpayers in the top percentile of the income distributionin Germany to pin down the effective income taxation of households with very high incomes. Taking tax base erosion intoaccount, we find that the top percentile of the income distribution pays an effective average tax rate of 30.5% and contributes more than a quarter of total ...
In this article, new evidence from the financial Almost Ideal Demand Sysytem (AIDS) portfolio model is featured, making use of additional exogenous rate-of-return variation, which has been mostly disregarded in the relevant literature so far. A Two-Stage Budgeting Model (2SBM) of asset demand is constructed and applied to German survey data for a time frame where first implementations of a major income ...
Financial support for families with children implies inherent trade-offs some of which are less obvious than others. In the end these trade-offs determine the effectiveness of policy with respect to the material situation of families and employment of their parents. We analyse several kinds of trade-offs involved using a careful selection of potential changes to the system of financial support for ...
Hauptaugenmerk dieser Arbeit liegt auf dem Einfluss der Besteuerung auf die Finanzierungsstruktur und Investitionen von Unternehmen. Die Relevanz dieser Thematik wurde als erstes von Modigliani und Miller (1958) herausgestellt. Sie haben gezeigt, dass Investitions- und Finanzierungsentscheidungen von Unternehmen nur bei vollkommenen Märkten voneinander unabhängig sind. Es ist daher von großem Interesse, ...
A large body of literature points out that joint taxation of married couples with full income splitting (Ehegattensplitting) is an important reason for the relatively low labor force participation of married women in Germany. This paper investigates the relative gains of joint taxation for married couples by comparing effective tax burdens for three groups of tax units between Germany and the UK. Using ...
If the revenue from corporate taxation in Germany is divided by the corporate income figures from national accounts, companies' average tax burden for the period 2001 to 2008 is 21 percent. This rate is considerably lower than the statutory tax rates for this period. The reason for this is that tax-reported corporate income was well below macroeconomic corporate income. This taxation gap was something ...
In many federations, fiscal equalization schemes soften fiscal imbalances across the member states. Such schemes usually imply that the member states internalize only a small fraction of the additional tax revenue from an expansion of the state-specific tax bases, while the remainder of the additional tax revenue is redistributed horizontally or vertically. We address the question as to which extent ...