Microsimulation und Model Development

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Type and Duration

Auftragsforschung, since June 2009

Coordinator

Chair for Tax Management and the Laws of Liechtenstein and International Taxation

Main Research

Wealth Management

Field of Research

Company Taxation

Description

Content of this project is the ongoing development of the Liechtenstein micro-simulation models. There are two basic models: microLIE: PIT is the model of the personal income tax system and microLIE: CIT a model for the business tax. The micro-simulation models are continuously adapted to the current legal status and methodically expanded. For the business tax model was a data-based measure of the corporate marginal tax rate developed. In the model of the personal income taxation was a new welfare measurement implemented. The next steps in the methodological development of the business tax model concern the simulation of changes in capital structure, the model of natural persons will be extended by a life-cycle model.

Practical Application

The project allows the ongoing development of the Liechtenstein micro-simulation models. The implementation of new scientific methods extends the range of techniques available for policy analysis on behalf of the Liechtenstein government.

Reference to Liechtenstein

Die Mikrosimulationsmodelle bilden das liechtensteinische Steuersystem mit seinen Spezifika ab. Durch ihre Weiterentwicklung (ua der Modigliani-Miller Theoreme zur Bestimmung der gewichteten Kapitalkosten unter Einbezug des liechtensteinischen Steuersystems) können unter Berücksichtigung des Einflusses des liechtensteinischen Steuersystems Investitionen und Unternehmen bewertet werden.

Keywords

Taxes, Dynamic Microsimulation, Redistributive and Welfare Effects, Fiscal Policies and Behavior of Economic Agents

Partner

Publications

  • Kirn, T. (2016). How did behavioural responses after the introduction of an ACE affect the cost of capital?. Paper presented at the Annual Congress of the International Institute of Public Finance (IIPF 2016), Lake Tahoe, Nevada, USA.

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  • Kirn, T. (2015). The impact of full and incremental ACE systems on the cost of capital. Paper presented at the 71st Annual Congress of the International Institute of Public Finance (IIPF 2015), Trinity College, Dublin Ireland.

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  • Kirn, T. (2014). Tax reform evaluation using status-quo based welfare measurement: An application to a consumption based income tax. Paper presented at the 70th Annual Congress of the International Institute of Public Finance, Lugano.

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  • Kirn, T. (2014). Fiscal Equalization with Hidden Information and Hidden Action. Paper presented at the 70th Annual Congress of the International Institute of Public Finance, Lugano.

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  • Kirn, T. (2016). How did behavioural responses after the introduction of an ACE affect the cost of capital?. Paper presented at the Joint Annual Meeting of the Austrian Economic Association and the Slovak Economic Association (NOeG-SES 2016), University of Economics Bratislava.

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  • Kirn, T. (2015). The impact of full and incremental ACE systems on the cost of capital. Paper presented at the Annual Meeting of the Austrian Economic Association (NOeG 2015), Universität Klagenfurt.

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  • Kirn, T. (2015). A dynamic extension of the status quo based social welfare analysis''. Paper presented at the 5th World Congress of the International Microsimulation Association (IMA 2015), LISER (Luxembourg Institute of Socio-Economic Research), Esch-sur-Alzette, Luxembourg.

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  • Kirn, T. (2014). Fiscal Equalization with Hidden Information and Hidden Action. Paper presented at the Conference "Reforming Public Service Delivery", L'Université de Lausanne, IDHEAP.

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  • Kirn, T. (2014). Tax reform evaluation using status-quo based welfare measurement: An application to a consumption based income tax. Paper presented at the Annual Meeting of the Austrian Economic Association (NOeG), WU Wien.

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  • Kirn, T. (2014). Towards a status-quo based dynamic welfare measurement. Paper presented at the 63rd Annual Meeting of the French Economic Association (AFSE), ENS Lyon.

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  • Kirn, T. (2013). Tax reform evaluation using non-anonymous welfare comparison: An application to a consumption tax. Paper presented at the 4th General Conference of the International Microsimulation Association, ANU; NATSEM.

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  • Kirn, T. (2011). Das Modell microLIE-CIT. Paper presented at the Frühjahrstagung der Kommission Betriebswirtschaftliche Steuerlehre im VHB e.V., Karl-Franzens-Universität Graz.

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  • Kirn, T. (2011). Measuring corporate marginal tax rates: looking forward or looking backward?. Paper presented at the General Conference of the International Microsimulation Association, Stockholm.

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  • Kirn, T. (2016, May 27-28, 2016). How did behavioural responses after the introduction of an ACE affect the cost of capital?. Joint Annual Meeting of the Austrian Economic Association and the Slovak Economic Association (NOeG-SES 2016), University of Economics Bratislava.

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  • Kirn, T. (2015, 5. - 6.06.2015). The impact of full and incremental ACE systems on the cost of capital.. Annual Meeting of the Austrian Economic Association (NOeG 2015), Universität Klagenfurt.

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  • Kirn, T. (2015, August 20 through 23, 2015.). The impact of full and incremental ACE systems on the cost of capital. 71st Annual Congress of the International Institute of Public Finance (IIPF 2015), Trinity College, Dublin Ireland.

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  • Kirn, T. (2015, 2.-4. September 2015). A dynamic extension of the status quo based social welfare analysis''. 5th World Congress of the International Microsimulation Association (IMA 2015), LISER (Luxembourg Institute of Socio-Economic Research), Esch-sur-Alzette, Luxembourg.

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  • Kirn, T. (2014, 15.05.-16.05.2014). Fiscal Equalization with Hidden Information and Hidden Action. Reforming Public Service Delivery, L'Université de Lausanne.

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  • Kirn, T. (2014, 30.-31.05.2014). Tax reform evaluation using status-quo based welfare measurement: An application to a consumption based income tax. Annual Meeting of the Austrian Economic Association (NOeG), WU Wien / Austria.

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  • Kirn, T. (2014, 16.-18.06.2014). Towards a status-quo based dynamic welfare measurement. 63rd Annual Meeting of the French Economic Association (AFSE), ENS Lyon.

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  • Kirn, T. (2014, August 20th – 23rd, 2014). Fiscal Equalization with Hidden Information and Hidden Action. 70th Annual Congress of the International Institute of Public Finance, Lugano.

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  • Kirn, T. (2014, August 20th – 23rd, 2014). Tax reform evaluation using status-quo based welfare measurement: An application to a consumption based income tax.. 70th Annual Congress of the International Institute of Public Finance, Lugano.

    more
  • Kirn, T. (2013, 11.12.-13.12.2013). Tax reform evaluation using non-anonymous welfare comparison: An application to a consumption tax. 4th General Conference of the International Microsimulation Association, ANU; NATSEM, Australia.

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  • Kirn, T. (2010, 25./26.11.2010). Das Modell microLIE-CIT. Internationaler Workshop gemeinsam mit ZEW Mannheim, Vaduz, Liechtenstein.

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  • Kirn, T. (2010, 25./26.11.2010). Messung von Verteilungs- und Wohlfahrtseffekten. Internationaler Workshop gemeinsam mit ZEW Mannheim, Vaduz, Liechtenstein.

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