In 2000, Germany introduced a major tax reform. Under the new law, corporations pay a rate of
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Question:
In 2000, Germany introduced a major tax reform. Under the new law, corporations pay a rate of 25 percent on retained earnings and 30 percent on earnings that are distributed to shareholders Further, under the personal income tax, dividends are taxed at half rate of ordinary income. Does this law make sense from the standpoint of the Haig-Simons definition of income?
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