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Searched for Tax reduction.
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  Press Releases // 10.09.2024

  ZEW Economist Friedrich Heinemann on Draghi’s Report on European Competitiveness

  also strong. Draghi calls not only for restraint in new legislation, but also for a measurable reduction in reporting obligations for companies. In terms of climate policy, the report takes a clear position [...] explain the poor rankings of the major EU countries in all competitiveness indices. These include high taxes and social security contributions, high labour costs, weak work incentives in welfare systems and [...] highlighted as essential for coping with structural change, there is little acknowledgement that taxes and levies in their current form are so high that they undermine Europe’s competitiveness. Like others
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  News // 04.09.2024

  Germany Imposes Higher Inheritance Tax

  levy an inheritance tax, payment facilities such as deferrals or instalments are available. At the same time, the researchers expect that inheritance tax can contribute to a reduction in absolute wealth [...] Germany taxes the inheritance of business assets relatively heavily compared to other countries. When it comes to unplanned inheritances, where existing tax planning options remain unused, Germany has [...] decision to sell the company. The burden of inheritance tax can therefore have an indirect effect on employment, wages or revenues from other types of taxes.
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  Press Releases // 22.07.2024

  “Tax Incentives Should Not Be Viewed in Isolation”

  includes tax concessions for foreign skilled workers. Dr. Katharina Nicolay, deputy head of the “Corporate Taxation and Public Finance” Unit at ZEW Mannheim, comments on that matter: - “Special tax regimes [...] the different, non-harmonised income tax and social security systems in the EU may constitute a mobility barrier for skilled workers. Depending on the design, a tax incentive can mitigate these negative [...] corporate taxation, Germany has often taken a critical stance against harmful tax competition (e.g. with respect to IP boxes). Tax incentives to attract skilled workers should not be discussed in isolation
• Events // 10.06.2024

  Climate Change, Economics, Technology

  Nor does it matter much what the worldwide social cost of carbon or the optimal level of a carbon tax should be – the subjects of much acrimonious debate – simply because there is no world government. [...] solved by guilt feelings and goodwill in OECD countries, by development aid, or by mandated emission reductions and belt-tightening. The blame game is ultimately an irrelevant distraction. Not all is
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  News // 27.05.2024

  Strengthening Germany as a Centre of Innovation

  high-tax country in terms of corporate taxation (see also Figure 2). The Mannheim Tax Index determines the effective average tax burden for a hypothetical investment. In addition to tax rates, tax bases [...] of measures to improve the conditions for doing business in Germany: Bureaucracy Reduction Act I to Bureaucracy Reduction Act IV, Skilled Immigration Act and Growth Opportunities Act provide important impetus [...] and interest deductibility) are also taken into account. Germany’s tax burden was once in the middle of the pack. However, the tax cuts for companies in the USA, the UK and France since 2017 have pushed
• Projects // 01.10.2023

  The EU’s New Era of “Fair Company Taxation”: The Impact of DEBRA and Pillar 2 on the EU Member States’ Effective Tax Rates

  implemented the minimum tax directive (Pillar 2) to ensure that corporate profits are at least taxed at 15%. At the same time, it proposed a legislative initiative to reduce the tax-induced distortions between [...] introduce EU-wide harmonised corporate tax base rules. It aims at reducing disparities in tax burdens, complexity in cross-border operations, and opportunities for tax planning within the EU. In this [...] influence the EU Member States’ effective tax levels and, thus, their location attractiveness. Moreover, we investigate the impact of a common tax base as suggested by the BEFIT initiative.
• Publications // 26.03.2024

  ZEW Discussion Paper - The EU’s New Era of “Fair Company Taxation”: The Impact of DEBRA and Pillar Two on the EU Member States’ Effective Tax Rates

  a substantial reduction of the effective tax levels for equity-financed companies. In countries with a combined profit tax rate below 15%, Pillar Two increases the effective average tax burden. The simulation [...] implemented the minimum tax directive (Pillar Two) to ensure that corporate profits are at least taxed at 15%. At the same time, it proposed a legislative initiative aimed at reducing the tax-induced distortions [...] (debt-equity bias reduction allowance directive, DEBRA). In our simulation analysis,we evaluate how the two measures and their interplay influence the EU Member States’ effective tax levels and thus
• Publications // 29.02.2024

  ZEW Monthly - 02/2024 – Innovation

  ”, various policy instruments addressing this issue are examined.   The tax credit for research and development is very well received in the chemical and pharmaceutical industry [...] damaging, as it encouraged the purchase of large and heavy vehicles without leading to actual emission reductions. To be able to better evaluate research and innovation funding in Germany, ZEW Mannheim will work
• Publications // 21.12.2023

  ZEW Discussion Paper - Cashless Payments and Tax Evasion: Evidence from VAT Gaps in the EU

  the European Union and reductions in VAT compliance gaps, facilitated by changes in payment norms. An estimated rise of 1pp or 5.51% in e-money use results in an 11.9% reduction in the VAT compliance gap [...] explores the connection between the proliferation of cashless, or e-money, payments and value-added tax (VAT) compliance. We present both visual and descriptive evidence that illustrates a negative correlation [...] until 2021. We find that increased e-money usage by 100 percentage points (pp) is associated with a reduction in the VAT gap of 0.3pp or 1.92% of the aggregate VAT compliance gap over time. Moreover, we contribute
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  Press Releases // 17.11.2023

  “The Government Finally Sets Financial Policy Priorities”

  media reports, the traffic light coalition has now decided not to extend the temporary reduction of the value-added tax for hospitality sector from 19 to 7 per cent. Friedrich Heinemann, head of the Research [...] traders ran a vigorous and influential campaign, but their arguments were feeble and inconsistent. The tax subsidy for restaurants is socially problematic because it primarily benefits the wealthy. It cannot [...] hospitality sector, and it is very costly. Additionally, the initial justification for the VAT reduction, the pandemic, has long been obsolete. Industry representatives have painted an overly bleak picture