Economic Effects of Taxing Different Organizational Forms under the Nordic Dual Income Tax.

Autor:	Lindhe, Tobias, Södersten, Jan, Öberg, Ann
Předmět:	INCOME CORPORATE taxes CAPITAL costs INCOME tax BUSINESS partnerships RETURNS to scale PUBLIC finance
Zdroj:	International Tax & Public Finance; Aug2004, Vol. 11 Issue 4, p469-485, 17p
Abstrakt:	This paper analyzes the economic effects of income splitting rules for closely held corporations and sole proprietorships/partnerships under the Nordic dual income tax. Income is split by imputing a return to capital, but the methods used for this differ between the Nordic countries. With a few notable exceptions, income splitting does well in the sense that the cost of capital is approximately the same in closely and widely held corporations. The special tax rules for sole proprietorships/partnerships manage to neutralize the impact of the high labor income tax on the cost of capital. [ABSTRACT FROM AUTHOR]
Databáze:	Complementary Index
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