Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/106692
Authors: 
Conrad, Christian A.
Year of Publication: 
2012
Citation: 
[Journal:] Wirtschaftsdienst [ISSN:] 1613-978X [Publisher:] Springer [Place:] Heidelberg [Volume:] 92 [Year:] 2012 [Issue:] 6 [Pages:] 399-405
Abstract: 
Die Abgeltungsteuer auf Einkünfte aus Wertpapieranlagen wurde 2009 in Deutschland eingeführt. Damit sollte die bisherige Quellensteuer vereinfacht und die Steuerflucht ins Ausland durch den einheitlichen, relativ niedrigen Steuersatz verhindert werden. Christian Conrad sieht jedoch steuerliche Fehlanreize und leitet daraus Handlungsempfehlungen für die Politik ab.
Abstract (Translated): 
The flat tax was introduced in Germany in 2009. It is imposed on income from portfolio investment, such as interest and dividends, but also on gains from stock sales. As this paper shows, the tax causes a massive distortion of after-tax returns in favour of debt capital. The financing structure of companies will therefore change in favour of debt capital. The tax discriminates German investors against foreign investors and the profitability of equity decreases strongly. The withholding tax has serious conceptual weaknesses that cause a massive misallocation of capital and thus a lasting damage to growth in Germany. Several recommendations for the necessary amendments are outlined in the article.
JEL: 
G12
H21
K34
Persistent Identifier of the first edition: 
Document Type: 
Article

Files in This Item:
File
Size
130.51 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.