In general expenses embody a tax reduction potential, which utilization might be restricted by the interest limitation rule as well as the minimum taxation rule. Therefore, both rules are normally disadvantageous for taxpayers. However – under certain prerequisites – it is possible, that the...

Under certain conditions shareholders will impound dividend taxes in equity prices. We demonstrate that such a capitalization of dividend taxes may not only be seen as a value decreasing factor but also as a source of value. A mechanism which is proper to endow shareholders with gains derived...

The objective of this article is to analyse the effects of the German interest ceiling rule by implementing a simulation model considering uncertainty. Aggregated empiric statistical data of companies in various branches, enterprise sizes and legal forms are entered into a Monte-Carlo simulation...