Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/197558 
Autor:innen: 
Erscheinungsjahr: 
2016
Quellenangabe: 
[Journal:] The Journal of Entrepreneurial Finance (JEF) [ISSN:] 1551-9570 [Volume:] 18 [Issue:] 2 [Publisher:] The Academy of Entrepreneurial Finance (AEF) [Place:] Montrose, CA [Year:] 2016 [Pages:] 1-22
Verlag: 
The Academy of Entrepreneurial Finance (AEF), Montrose, CA
Zusammenfassung: 
The paper addresses the long standing asymmetry in the tax treatment of debt and equity costs through a direct comparison of two hypothetical regimes based exclusively on income taxation, broadly defined, and value added taxation. The model presented widens existing debate to encompass the choice between entrepreneurial and contractual use of inputs generally and including labour, as well as capital. Using representative functional forms and numerical illustrations the analysis explores the effect of the tax regimes on firm decisions concerning input selection, output level and vertical integration. The greater neutrality of value added taxation is shown to produce gains in terms of firm efficiency in production and concentration on competitive advantage.
Schlagwörter: 
residual income
income tax
value added tax
tax shield
neutrality
vertical integration
JEL: 
H21
H25
H32
Creative-Commons-Lizenz: 
cc-by-nc Logo
Dokumentart: 
Article

Datei(en):
Datei
Größe
715.43 kB





Publikationen in EconStor sind urheberrechtlich geschützt.