000			01755nab a22003017c 4500
003			ES-MaIEF
005			20180924194305.0
007			ta
008			180924s2018 gw ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
041			_aeng
100	1		_964623 _aStimmelmayr, Michael
245			_aInvestors' portfolio choice and tax reforms _b : the 2008 German corporate tax reform reconsidered _c Michael Stimmelmayr
260			_c2018
500			_aDisponible también en formato electrónico a través de la Biblioteca del IEF.
500			_aResumen.
504			_aBibliografía.
520			_aThe paper provides a comprehensive assessment of the growth and welfare effects of the 2008 German corporate tax reform, which entails a shift of the capital tax burden from the firm to the household level. Using a dynamic two-country computable generale quilibrium model with integrated capital markets, the results indicate a faint growth stimulus of the reform and a negative effect on domestic welfare. In fact, the reform increased the double taxation of equity-financed corporate investment, thereby impeding firms’ investment. Further, the reform-induced tax incentives for foreigners to invest in German equity undermines the financing of the reform.
650		4	_947531 _aINVERSIONES
650		4	_aMERCADOS FINANCIEROS _947736
650		4	_945680 _aIMPUESTO DE SOCIEDADES
650		4	_948469 _aSOCIEDADES EXTRANJERAS
650		4	_925193 _aALEMANIA
650		4	_947776 _aMODELOS ECONOMETRICOS
773	0		_9157502 _oOP 207/2018/3 _tFinanzArchiv _w(IEF)21244 _x 0015-2218 _g v. 74, n. 3, September 2018, p. 376-414
856			_uhttp://www.ingentaconnect.com/contentone/mohr/fa/2018/00000074/00000003/art00004#
942			_cART
999			_c138902 _d138902