Capital Income (capital + income)

Distribution by Scientific Domains
Business, Economics, Finance and Accounting100%

Terms modified by Capital Income

  • capital income taxation
    		•

    Selected Abstracts

    Does Germany Collect Revenue from Taxing the Normal Return to Capital?,

    FISCAL STUDIES, Issue 4 2005
    Johannes Becker
    Abstract A widespread objection to the introduction of consumption tax systems claims that this would lead to high tax revenue losses. This paper investigates the revenue effects of a consumption tax reform in Germany. Our results suggest that the revenue losses would be surprisingly low. We find a maximum revenue loss of 1.6 per cent of annual GDP. In some years, we even find tax revenue gains. This implies that the current tax system collects little revenue from taxing the normal return to capital. Based on these results, we calculate a macroeconomic measure of the effective tax rate on capital income. [source]

    Intergenerational Allocation of Government Expenditures: Externalities and Optimal Taxation

    JOURNAL OF PUBLIC ECONOMIC THEORY, Issue 1 2008
    KAZI IQBAL
    This paper studies optimal capital and labor income taxes when the benefits of public goods are age-dependent. Provided the government can impose a consumption tax, it can attain the first-best resource allocation. This involves the uniform taxation of the cohorts' labor income and a zero capital income tax. With no consumption tax and optimally chosen government spending, labor income should be taxed nonuniformly across cohorts and the capital income tax should be nonzero. Deviations of the public goods from their respective optima create distortions. These affect the labor supply decisions of both cohorts and capital accumulation, providing a further reason to tax (or subsidize) capital income. [source]

    RECONSIDERING THE INVESTMENT,PROFIT NEXUS IN FINANCE-LED ECONOMIES: AN ARDL-BASED APPROACH

    METROECONOMICA, Issue 3 2008
    Till Van TreeckArticle first published online: 28 APR 200
    ABSTRACT A Post-Keynesian growth model is developed, in which financial variables are explicitly taken into account. Variants of an investment function are estimated econometrically, applying the ARDL (auto-regressive distributed lag)-based approach proposed by Pesaran et al. (Journal of Applied Econometrics, 16 (3), pp. 289,326). The econometric results are discussed with respect to a remarkable phenomenon that can be observed for some important OECD countries since the early 1980s: accumulation has generally been declining while profit shares and rates have shown a tendency to rise. We concentrate on one potential explanation of this phenomenon, which is particularly relevant for the USA and relies on a high propensity to consume out of capital income. [source]

    Time Consistent Optimal Redistribution Policy in an Overlapping Generations Model

    JOURNAL OF PUBLIC ECONOMIC THEORY, Issue 1 2004
    Oliver Lorz
    This paper analyzes optimal redistribution policy in a two-period version of the overlapping generations model with heterogeneous individuals and asymmetric information between the government and the private sector. The government of the first period determines redistribution transfers for the first period but is not able to set the policy variables for the second period. With respect to savings the paper considers two scenarios: In the first scenario savings are observable and the government can set individual savings levels in addition to redistributive transfers. In the second scenario savings and capital incomes are not observable. In both cases the redistribution equilibrium is not second-best efficient. [source]