Fundamental Capital Income Tax Reforms: Discussion and Simulation Using Ifomod - Couverture rigide

Stimmelmayr, Michael

 
9783161492617: Fundamental Capital Income Tax Reforms: Discussion and Simulation Using Ifomod
Couverture rigide
ISBN 10 : 3161492617 ISBN 13 : 9783161492617
Editeur : Mohr Siebeck, 2007

Synopsis

The present German tax system is complicated, non-transparent and does not follow any theoretical model of taxation in a consistent way. Moreover, in the light of international tax competition, German tax rates are too high and thus scare away economic activity. Therefore, a fundamental tax reform is imperatively required in Germany. Michael Stimmelmayr analyzes the outcome and especially the efficiency gains of capital income tax reforms which is, however, an intricate task. The simultaneous alteration of several tax rates will induce multiple economy wide repercussions as well as different first and second round effects, as firms and households will change their optimal behaviour due to taxation. For these reasons, a dynamic computable general equilibrium (CGE) model is the only instrument which allows for a consistent quantification of all short and long run effects arising from capital income tax reforms. The simulation results show that, for example, the 2000 German Tax Reform will lead to a substantial increase in GDP of approximately 6% in the long run. But, in the short run the reform is very expensive since the gains of economic growth will occur at a later stage in time. Moreover, due to the enhanced economic activity the wealth of German households will increase by nearly one percent in the long run. In addition to the 2000 German Tax Reform, the introduction of a flat tax of 25% - the so called Kirchhof's Einfachsteuer - as well as a consumption based tax system is analyzed in detail.

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À propos de l?auteur

Michael Stimmelmayr, Geboren 1978; Studium der VWL in Munchen; 2006 Promotion an der Universitat Munchen bei Hans-Werner Sinn; seit 2006 Assistenzprofessur am Center for Economic Studies (CES) an der Universitat Munchen.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Mohr Siebeck
Date d'édition
2007
Langue
anglais
ISBN 10 
3161492617
ISBN 13 
9783161492617
Reliure
Relié
Nombre de pages
249
Coordonnées du fabricant
non disponible
Personne responsable
non disponible