Schafft die deutsche oder österreichische Begünstigung für thesaurierte Gewinne höhere Investitionsanreize?
This paper analyzes the effects of the tax privilege for retained profits of partnerships and sole proprietorships. These privileges were implemented in Austria in 2004 and in Germany in 2008. The paper demonstrates that the German government's goal of in-creasing the equity in German partnerships is not achieved. At the contrary, real invest-ment projects are usually less profitable compared to private financial investments which are taxed at a reduced flat rate. Even when real investment projects are realized, it is advantageous not to choose the tax privilege. In contrast to Germany, the Austrian tax privilege turns out to favor real investment, because retained profits are taxed advanta-geously. Therefore, equity of partnerships will increase in Austria, while in Germany the equity is likely to decrease.
Year of publication: |
2008
|
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Authors: | Kainz, Robert ; Knirsch, Deborah ; Schanz, Sebastian |
Institutions: | arqus - Arbeitskreis Quantitative Steuerlehre |
Saved in:
freely available
Extent: | application/pdf |
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Series: | arqus Discussion Papers in Quantitative Tax Research. - ISSN 1861-8944. |
Type of publication: | Book / Working Paper |
Language: | German |
Notes: | Number 41 |
Source: |
Persistent link: https://www.econbiz.de/10008462219
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