Hermann Remsperger: Heavy tails and stable Paretian distributions in finance and macroeconomics Welcome address by Professor Hermann Remsperger, Member of the Executive Board of the Deutsche Bundesbank, at the Bundesbank Conference Centre in celebration of the 80th birthday of Professor Benoît B Mandelbrot, Eltville, 9 November 2005.
More broadly, the portion of corporation tax receipts that does not appear to reflect domestic economic activity and stems from a relatively small number of firms continues to grow to an estimated € per annum.2 Such revenues are subject to sudden change – for example due to potential shocks stemming from the evolving framework for global corporation tax or any re-adjustment of multi-national enterprise value chains – highlighting the risks of them forming part of permanent expenditure.