Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/26468
Autoren: 
Radulescu, Doina Maria
Stimmelmayr, Michael
Datum: 
2008
Schriftenreihe/Nr.: 
CESifo Working Paper No. 2423
Zusammenfassung: 
In the spirit of Harberger, we apply a dynamic computable general equilibrium (CGE) model and estimate the excess burden stemming from the tax-induced distortion in the allocation of capital across the corporate and the non-corporate sectors in Germany. In doing so, we perform a counterfactual analysis and ask how the allocation of capital across sectors would change compared with a sector-neutral tax system which assures an identical effective tax burden on both sectors. Our estimates suggest that the excess burden per period ranges from 2.0 to 3.6 billion Euros or from about 0.1 to 0.16 per cent of GDP. In present value terms, the excess burden translates to about 104 billion Euros or 4.7 per cent of GDP. In order to identify the impact of the firm's financial behaviour on the size of the emerging excess burden, we perform several sensitivity analyses with regard to debt financing, external equity financing and debt constraints via agency cost.
Schlagwörter: 
Capital income taxation
non-uniform taxation
computable general equilibrium modelling
JEL: 
C68
C87
D92
H25
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
288.37 kB





Publikationen in EconStor sind urheberrechtlich geschützt.