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Patents versus subsidies: A laboratory experiment

Darai, Donja; Großer, Jens; Trhal, Nadja - 2009

This paper studies the effects of patents and subsidies on R&D investment decisions. The theoretical framework is a two …-stage game consisting of an investment and a market stage. In equilibrium, both patents and subsidies induce the same amount of R … theoretical predictions. Patents and subsidies increase investment in R&D and the observed amounts of investment in the patent and …

Persistent link: https://www.econbiz.de/10010315562

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 roughly the same cost of capital as for widely...

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

Mitigating Double Taxation in an Open Economy

Lindhe, Tobias - 2001

The interaction of various methods of mitigating economic and international double taxation of corporate source income is studied within a standard neoclassical model of firm behavior. The main purpose is to determine to what extent methods effective in mitigating economic double taxation in a...

Persistent link: https://www.econbiz.de/10010321707

Distortive effects of dividend taxation

Lindhe, Tobias; Södersten, Jan - 2013

This paper examines how the distortions caused by dividend taxation depend on whether or not shareholders can recover their original equity injections without being subject to the dividend tax. We point out the alternative assumptions in the literature on this, and we compare two different tax...

Persistent link: https://www.econbiz.de/10010321998

Why the Norwegian shareholder income tax is neutral

Södersten, Jan - 2019

This note extends the work by Sørensen (2005) and others by demonstrating why the Norwegian Shareholder Income Tax may be neutral between the two sources of equity funds, i.e. new share issues and retained earnings, despite the fact that the retention of earnings to finance new investment does...

Persistent link: https://www.econbiz.de/10012013527

Where will they go if we go territorial? Dividend exemption and the location decisions of US multinational corporations

Altshuler, Rosanne; Grubert, Harry - 2002

We approach the question of how moving to a dividend exemption system would affect the location incentives of U.S. corporations from three different angles. We start by comparing the U.S. allocation of foreign direct investment in manufacturing across low-tax versus high-tax jurisdictions with...

Persistent link: https://www.econbiz.de/10010318335

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

Taxes and Benefits: Two Distinct Options to Cheat on the State?

Halla, Martin; Schneider, Friedrich G. - 2005

’s decision on claiming unjustified subsidies (e. g. by underreporting income) exists so far. Employing Austrian survey data we … show that the basic attitude towards avoiding taxes (tax morale) and claiming unjustified subsidies (benefit morale) have … economic approach, by alternative theories or simply by more opportunities to cheat on the state by unjustified subsidies in …

Persistent link: https://www.econbiz.de/10010294580

Internationaler Handel und multifunktionale Landwirtschaft: Ein Agrarsektormodell zur Analyse politischer Optionen und Entscheidungsunterstützung

Weber, Gerald - 2003

The WTO agricultural negotiation round of Doha has the aim to cut down export subsidies, to improve market access and … and production solely on the basis of world market prices, but should react to policy incentives like subsidies. ... …

Persistent link: https://www.econbiz.de/10010343363