Income taxes on income from work, income from capital, payroll taxes only on income from work, mainly to. Member of the public finance section of the german economic association mitglied des finanzwissenschaftlichen ausschusses des vereins fur socialpolitik. The award committee for the peggy and richard musgrave prize and the iipf young economists awards 20 consisted of jorge martinezvazquez scientific coordinator, alfons weichenrieder vicepresident of the iipf and motohiro sato hitotsubashi university. Weichenrieder chair of public finance goetheuniversitat frankfurt chair of public finance prof. From mohr siebeck, tubingen bibliographic data for series maintained by thomas wolpert. We investigate whether euro membership has reduced the responsiveness to shocks in the level of inherited debt. Public finance basic concepts, ties and aspects aim of this chapter to introduce to the issue of public finance. Alfons weichenrieder, ronnie schob and jeanfrancois tremblay. Public finance also known as public economics studies the economics of government taxation and redistribution in market economies, in theory and practice. How are financial and fiscal policy instruments that are in use in germany, the european union and internationally to be evaluated.
The scientific committee was chaired by katherine cuff mcmaster university, canada and alfons weichenrieder goethe university frankfurt, germany. It is not meant to be exhaustive but should be viewed as a necessary prelude to studying some aspects of public economics. Ces and its creators should take enormous pride in what has been accomplished. Special emphasis is on highquality theoretical and. Faculty associate, center for business and public policy, university of illinois at urbanachampaign, 20092014. Track citations for all items by rss feed is something missing from the series or. It finds an empirical correlation between the home country tax rate of a parent and the net of tax profitability of its german affiliate that is consistent with profit shifting behavior. Estrogen replacement therapy ert was a popular treatment for women after menopause. One essential feature of cities is that people and capital can readily leave them.
Small business tax policy, informality, and tax evasion. It is a study of income and expenditure of central. The 2016 peggy and richard musgrave prize for the best paper contributed by authors under the. All who have an interest in the welfare of economics in munich, in. I will keep in touch about course details via email. Jan 23, 2014 the paper uses fiscal reaction functions for a panel of euroarea countries.
University of freiburg institute of public finance. Cesifo center for economic studies and ifo institute. Faculty affiliate, institute of government and public affairs, university of illinois, 20102014. The welfare aspects of public economics receive extensively renewed examination in this third edition. Weichenrieder article pdf available in international tax and public finance 114. This paper presents the general design of thincapitalization rules and summarizes the economic effects of such rules as identified in theoretical models. Taxation and venture capital backed entrepreneurship. Public finance analysis 73 2 finanzarchivpublic finance analysis volume 73 2017, no. Pdf in recent years, venture capital has increasingly become a factor in the financing of new firms. Federal unemployment system can transfer purchasing power from s unemployment low areas to highunemployment areas. How do policy makers and institutions influence economic policy and its outcomes, e. Public finance is that branch of general economics which deals with financial activities of the state or government at national, state and local levels.
Weichenrieder is professor of economics and public finance at the university of frankfurt and research professor at ifo institute munich. It involves the diversion of foreign direct investment fdi through a third country to achieve reduction of. The indirect side of direct investment the mit press. He has now updated the textbook, with the same clear, informative, and illuminating writing, while maintaining the high level of rigor of the previous editions.
On the economics of bottle deposits by wolfgang eggert. An examination of indirect finance structures used by multinational corporations to reduce their worldwide tax payments. Peter egger, alexander lipponer, and alfons weichenrieder editorial note. The centre for public finance and political economy deals with these topics and derives policy recommendations from them. An event study on how the automatic exchange of information did not affect swiss banks, working papers taxmpgrps201710, max planck institute for tax law and public finance. Alfons weichenrieder is professor of economics and public finance at goetheuniversity frankfurt and a guest research professor at the institute of international taxation of vienna university of economics and business. Professor of finance by courtesy, university of illinois at urbanachampaign, 20092014. The paper considers profit shifting behavior using data on german inbound and outbound fdi. This chapter provides some key results from consumer demand theory. In this book, taxation experts jack mintz and alfons weichenrieder examine how multinational corporations use indirect financing structures. Compared with the performance in the period between signing of the maastricht treaty and introduction of the euro, membership has significantly reduced the average responsiveness. The recent increase in crossborder flows of foreign direct investment has sharpened the research focus on multinational taxation.
Konrad director at the max planck institute for tax law and public finance. As one of the worlds oldest professional journals in public finance, founded in 1884, finanzarchiv fa publishes original work from all fields of public economics which are of interest to an international readership, e. Pdf taxation and venture capital backed entrepreneurship. These core features of urban public finance are intimately connected with the nature of cities and the functions of urban governments.
The federal budget government debt is the amount government owes to others who have lent it money. Through the creative use of municipal leasing and bond financing techniques, public finance. Key words public finance, public sector, public revenues, public expenditures. Richard treschs graduate textbook, public finance, a normative theory, has become the standard reference for graduate courses in public economics. Previously, he taught in munich, at princeton university, and at the university of vienna. Turnovsky 2003 public finance and public policy in the new century, ed. Introduction to a special issue on fdi and public policy dedicated to fred ramb thiess buettner, michael overesch, and georg wamser tax status and tax response heterogeneity of multinationals debt finance 103122 martin ruf. Shafik hebous and alfons weichenrieder towards a fiscal union. Public finance public finance and public policy in the new.
Alfons weichenrieder alfons weichenrieder is full professor of economics and public finance at goetheuniversity frankfurt and a guest professor at the vienna university of economics and business. Goetheuniversitat frankfurt fachbereich wirtschaftswissenschaften besucheradresse. Euro membership and fiscal reaction functions springerlink. Total revenues and outlays percentage of gross domestic product. Max planck institute for tax law and public finance prof. The future of eufinances 6 important new political challenges, such as the eus policies towards international conflicts and the refugee crisis, indicate that there is. Association meetings, the cesifo area conference on public sector economics, the econometric society world congress, the federal reserve system conference on regional analysis, the international institute of public finance meetings, the journees deconomie publique louisandre gerardvaret, the national tax association meetings, the western. Further, social security contributions to finance public pensions and health care systems are usually incomedependent and decline during local. Tax and public input competition 2 discrepancy between both groups has been slightly widening and nothing like a convergence can be detected at first glance. This page intentionally left blank public finance and public policy in the new century the cesifo seminar series hanswerner sinn, editor inequality and growth. Two contrasting visions of the stateby the mit press. The paper uses fiscal reaction functions for a panel of euroarea countries.
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