Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/201338 
Title (translated): 
Dividend Taxation of Non-listed Companies, Resource Allocation and Productivity
Year of Publication: 
2016
Series/Report no.: 
ETLA Report No. 56
Publisher: 
The Research Institute of the Finnish Economy (ETLA), Helsinki
Abstract (Translated): 
We consider the taxation of non-listed companies and their owners in Finland. We analyse how the current highly non-linear dividend taxation influences the allocation of labour and capital across different firms, average labour productivity and the equilibrium wage level. To this end, we use a general equilibrium model of firm investment where firms may have different production technologies. We find that the current tax system is likely to distort resource allocation compared to linear dividend taxation. This works to lower the average labour productivity as well as the general wage level.
Subjects: 
Dividend taxation
Non-listed companies
Productivity
JEL: 
D92
G35
H24
Document Type: 
Research Report

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