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The Equity Trap, the Cost of Capital and the Firm´s Growth Path

Lindhe, Tobias; Södersten, Jan - 2006

This paper reconsiders Sinn's (1991) nucleus theory of the corporation by comparing two different regimes for the equity trap. In the first of these, all cash paid to the shareholders is taxed as dividends, in the second, shareholders are allowed a tax-free return of capital contributed through...

Persistent link: https://www.econbiz.de/10010321558

Economic Effects of Taxing Different Organizational Forms under a Dual Income Tax

Lindhe, Tobias; Södersten, Jan; Öberg, Ann - 2003

This paper analyzes the economic effects of different income splitting rules for closely held corporations and sole … proprietorships/partnerships in a tax system with a dual income tax. We conclude that the tax rules for closed corporations offer … for sole proprietorships/partnerships, because the income-splitting rules both neutralize the impact of the high labor …

Persistent link: https://www.econbiz.de/10010321596

Methods of Mitigating Double Taxation

Lindhe, Tobias - 2002

This paper presents a comprehensive overview of existing methods of mitigating double taxation of corporate income …

Persistent link: https://www.econbiz.de/10010321794

Dividend taxation, share repurchases and the equity trap

Lindhe, Tobias; Södersten, Jan - 2009

This paper reconsiders the effects of dividend taxation. Particular attention is paid to the form of the 'equity trap', that is, the extent to which cash paid to the shareholders must be taxed as dividends. Our analysis shows that Sinn's (1991) criticism of the well-known King and Fullerton...

Persistent link: https://www.econbiz.de/10010321462

Dynamic cost-benefit analysis of large projects: The role of capital costs

Li, Chuan-Zhong; Löfgren, Karl-Gustaf - 2010

conventional income and consumer surplus measures, the rule also entails an extra term involving capital cost changes. …

Persistent link: https://www.econbiz.de/10010321466

What are the sources of happiness?

Frey, Bruno S.; Stutzer, Alois - 2000

Persistent link: https://www.econbiz.de/10010294536

How to Adjust for Nonignorable Nonresponse: Calibration, Heckit or FIML?

Johansson, Fredrik - 2007

When a survey response mechanism depends on the variable of interest measured within the same survey and observed for only part of the sample, the situation is one of nonignorable nonresponse. Ignoring the nonresponse is likely to generate significant bias in the estimates. To solve this, one...

Persistent link: https://www.econbiz.de/10010321608

Trends in the transitory variance of male earnings in the US, 1970 - 2004

Moffitt, Robert; Gottschalk, Peter - 2011

We estimate the trend in the transitory variance of male earnings in the U.S. using the Michigan Panel Study of Income …

Persistent link: https://www.econbiz.de/10010285788