Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/19087 
Year of Publication: 
2005
Series/Report no.: 
CESifo Working Paper No. 1623
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
The paper shows how entrepreneurial taxes interact with the career choice of individuals, the quality of entrepreneurs, and their effort and investments. It is particularly relevant to differentiate the early effects on start-up enterprises with substantial uncertainty from the tax effects on mature firms where the uncertainty is resolved. That is why the neutrality results of dividend taxation from mature company theory do not carry over to start-up enterprises. The Nordic dual model encourages (discourages) the establishment of new enterprises by entrepreneurs who anticipate high (low) profitability.
Subjects: 
dual income taxation
enterprise taxes
JEL: 
H25
Document Type: 
Working Paper
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