Advanced Search
MyIDEAS: Login

Auswirkungen der (Wieder-) Einführung einer Vermögensteuer auf die hessischen Landesfinanzen

Contents:

Author Info

  • Marcus Blumtritt
  • Kai Eicker-Wolf
  • Achim Truger

    ()
    (IMK at the Hans-Boeckler-Foundation)

Registered author(s):

    Abstract

    The study assesses the fiscal effects of (re-)introducing the general wealth tax for the public budget of the German federal state Hessen. In order to increase public spending in crucial areas such as education, research, child care and infrastructure, a structural increase in tex revenue is needed. (Re-) introducing a federal wealrh tax is an attractive option both with regard to revenue and redistributive aspects. Such a tax that obeys the criteria set by the federal constitutional court by taxing all kinds of wealth in an equitable manner could indeed generate substantial revenue. The version most often discussed with a tax rate of one percent and a basic tax free allowance of 500.000 euro would yield 1.2 billion euro for the federal state of Hessen. The revenue could be used to increase public investment and to generate public employment in schools and universities. A careful estimate for the number of jobs created is in between 6.000 and 10.000 depending on the exact kind of job. The expenditure programme would additionally generate benefical macroeconomic effects. GDP in Hessen would increase by about 0.6 percent and employment (including the jobs created in the public sector) by about 18.000 jobs.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.boeckler.de/pdf/p_imk_studies_07_2007.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute in its series IMK Studies with number 07-2007.

    as in new window
    Length: 71 pages
    Date of creation: 2007
    Date of revision:
    Handle: RePEc:imk:studie:07-2007

    Contact details of provider:
    Postal: Hans-Böckler-Straße 39, 40476 Düsseldorf
    Phone: +49 211 7778 234
    Fax: +49 211 7778 4234
    Email:
    Web page: http://www.imk-boeckler.de
    More information through EDIRC

    Related research

    Keywords:

    This paper has been announced in the following NEP Reports:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:imk:studie:07-2007. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sabine Nemitz).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.