Economics Of Taxation at Universität Potsdam

Flashcards and summaries for Economics of Taxation at the Universität Potsdam

It’s completely free

Study with flashcards and summaries for the course Economics of Taxation at the Universität Potsdam

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Tax definition (Germany)

(Chapter 2)

Payment
No special service in return
Levied by a jurisdiction on the basis of a general rule
Aims at generating public revenues
Tariffs are special taxes

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Tax principals

(Chapter 2)

Ability to pay principle

Horizontal justice: equal income should be taxed identically
Vertical justice: higher ability to pay should not result in lower tax burden
Income as a measure of ability to pay

Benefit principle

Who benefits?

Decision neutrality

Market efficiency calls for undistorted decisions
But: green taxes

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Tax types

(Chapter 2)

Direct taxes

Fall on legal or natural persons and may condition on special characteristics of the tax prayer (e.g. Income tax)

Indirect taxes

Based on sales or transactions, no consideration of personal characteristics (e.g. VAT)
Assumption of tax shifting

This was only a preview of our StudySmarter flashcards.

Millions of flashcards created by students

Create your own flashcards as quick as possible

Learning-Assistant with spaced repetition algorithm

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Specific taxes

(Chapter 2)

= Unit taxes

Producer price (p): net receipt per unit sold
Consumer price (q): gross price including tax
Tax wedge (t) = q-p

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Ad valorem tax

(Chapter 2)

= proportional to producer price

Net ad valorem tax: given tax rate q, the consumer price is: q=p(1+θ)
Gross ad valorem tax: the rate r is applied to the tax inclusive amount: (1-τ)q=p

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Tax base

(Chapter 2)

Measure (income, sales, wealth, etc.) to which tax scale is applied to.

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Tax scale

(Chapter 2)

T=T(y)

This was only a preview of our StudySmarter flashcards.

Millions of flashcards created by students

Create your own flashcards as quick as possible

Learning-Assistant with spaced repetition algorithm

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Average tax rate

(Chapter 2)

=T(y)/y

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Marginal tax rate

(Chapter 2)

T'=dT/dy

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Progressive/regressive/constant taxation

(Chapter 2)

Progressive Taxation: average tax increases in income (if marginal tax rate is greater than average tax rate)
Regressive taxation: avg. rate decreases in income
Constant avg. rate: proportional taxation

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Tax revenue elasticity

(Chapter 2)

By how much does revenue change if the tax base changes by one percent?

η(T,y) = δT/δy*y/T=marginal rate/average rate

η>1 -> progressive scale

η=1 -> proportional scale

η<1 -> regressive scale

This was only a preview of our StudySmarter flashcards.

Millions of flashcards created by students

Create your own flashcards as quick as possible

Learning-Assistant with spaced repetition algorithm

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Concepts Tax Incidence

(Chapter 3)

Absolute tax incidence: burden of taxation when all other taxes and expenditures are assumed constant

Differential tax incidence: 1€ of tax revenue of tax A is substituted by 1€ of tax revenue of tax B

Budget incidence: joint tax and expenditure increase

Your peers in the course Economics of Taxation at the Universität Potsdam create and share summaries, flashcards, study plans and other learning materials with the intelligent StudySmarter learning app.

What is StudySmarter?

StudySmarter is an intelligent learning tool for students. With StudySmarter you can easily and efficiently create flashcards, summaries, mind maps, study plans and more. Create your own flashcards e.g. for Economics of Taxation at the Universität Potsdam or access thousands of learning materials created by your fellow students. Whether at your own university or at other universities. Hundreds of thousands of students use StudySmarter to efficiently prepare for their exams. Available on the Web, Android & iOS. It’s completely free.

Economics of Taxation at Universität Potsdam

Flashcards and summaries for Economics of Taxation at the Universität Potsdam

Study with flashcards and summaries for the course Economics of Taxation at the Universität Potsdam

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Sign up for free to see all flashcards and summaries for Economics of Taxation at the Universität Potsdam

Other courses from your degree program

Food Economics

Economics II

international economics

economics

Economics

What is StudySmarter?

What is StudySmarter?

Economics of Taxation at Universität Potsdam

Flashcards and summaries for Economics of Taxation at the Universität Potsdam

Study with flashcards and summaries for the course Economics of Taxation at the Universität Potsdam

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Exemplary flashcards for Economics of Taxation at the Universität Potsdam on StudySmarter:

Sign up for free to see all flashcards and summaries for Economics of Taxation at the Universität Potsdam

Other courses from your degree program

Food Economics

Economics II

international economics

economics

Economics

What is StudySmarter?

What is StudySmarter?

Good grades at university? No problem with StudySmarter!

89% of StudySmarter users achieve better grades at university.

Learn with over 1 million users on StudySmarter.