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dc.contributor.authorStrulik, Holgeren_US
dc.contributor.authorTrimborn, Timoen_US
dc.date.accessioned2011-03-25en_US
dc.date.accessioned2012-11-06T15:27:18Z-
dc.date.available2012-11-06T15:27:18Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/66018-
dc.description.abstractWe set up a neoclassical growth model extended by a corporate sector, an investment and finance decision of firms, and a set of taxes on capital income. We provide analytical dynamic scoring of taxes on corporate income, dividends, capital gains, other private capital income, and depreciation allowances and identify the intricate ways through which capital taxation affects tax revenue in general equilibrium. We then calibrate the model for the US and explore quantitatively the revenue effects from capital taxation. We take adjustment dynamics after a tax change explicitly into account and compare with steady-state effects. We find, among other results, a self-financing degree of corporate tax cuts of about 70-90 percent and a very flat Laffer curve for all capital taxes as well as for tax depreciation allowances. Results are strongest for the tax on capital gains. The model predicts for the US that total tax revenue increases by about 0.3 to 1.2 percent after abolishment of the tax.en_US
dc.language.isoengen_US
dc.publisherWirtschaftswiss. Fak., Leibniz Univ. Hannoveren_US
dc.relation.ispartofseriesDiscussion Paper, Wirtschaftswissenschaftliche Fakultät, Leibniz Universität Hannover 454en_US
dc.subject.jelE60en_US
dc.subject.jelH20en_US
dc.subject.jelO40en_US
dc.subject.ddc330en_US
dc.subject.keywordCorporate taxationen_US
dc.subject.keywordcapital gainsen_US
dc.subject.keywordtax allowancesen_US
dc.subject.keywordrevenue estimationen_US
dc.subject.keywordLaffer curveen_US
dc.subject.keyworddynamic scoringen_US
dc.subject.stwWertzuwachssteueren_US
dc.subject.stwKapitalertragsteueren_US
dc.subject.stwSteuerbegünstigungen_US
dc.subject.stwLaffer-Kurveen_US
dc.subject.stwAllgemeines Gleichgewichten_US
dc.subject.stwTheorieen_US
dc.subject.stwUSAen_US
dc.titleLaffer strikes again: Dynamic scoring of capital taxesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn635636514en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Diskussionspapiere, Wirtschaftswissenschaftliche Fakultät, Universität Hannover

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