Following the election by the Scientific Advisory Board at the Federal Ministry of Finance and the subsequent appointment by the Federal Minister Olaf Scholz himself, recognized tax expert Prof. Dr. Martin Jacob will support the Federal Government with his expertise in the future.
As the holder of the adidas Chair of Finance, Accounting and Taxation at WHU - Otto Beisheim School of Management in Vallendar, Prof. Dr. Martin Jacob has been a highly respected expert in economic areas of particular political relevance for many years. In his numerous scientific publications, he deals especially with questions about what influence taxes have on companies' dividends or investment decisions, how capital gains should be taxed, and how technological innovations affect the tax policy of individual states.
Professor Jacob has been researching and teaching at WHU since 2010 while simultaneously being involved in international research projects, including research stays in the United States and Sweden. "Of course, I am honored by the appointment to the advisory board," Jacob says. "And I am very much looking forward to this new, important task. I think that not only will I be able to contribute my expertise, but I will also gain new insights myself, which in turn can inform my research and teaching."
The Scientific Advisory Council at the Federal Ministry of Finance advises and supports political decision-makers by providing joint scientifically based expert opinions and statements on a wide range of topics. The board currently has 32 members, including illustrious names such as Prof. Dr. Lars P. Feld and Prof. Dr. Clemens Fuest. The Advisory Board is politically independent, and its activities are not limited to legislative periods. New members are elected by the existing members of the advisory board without co-determination by the respective finance minister. "When you're appointed to this board, it usually means a longer-term," Jacob comments. "Time-wise, it will certainly be a challenge on top of my existing commitments. But the prospect of discourse and collaboration with peers along with the opportunity to help shape policy through scientific knowledge made the decision very easy for me."