منابع مشابه
Capital Gains Taxation and Entrepreneurship
The taxation of capital gains is a perennial issue in tax policy. One critical aspect for understanding the overall effects of capital gains taxation is how these taxes affect entrepreneurs. While many analyses focus on the disincentive effects created by capital gains taxes for investors in large corporations, these disincentives may be even more important for entrepreneurs. This paper discuss...
متن کاملPRELIMINARY DRAFT Capital Gains Taxation and Entrepreneurship
This draft is quite preliminary so I look forward to our meeting. For me, writing this draft has raised a number of questions about what institutional features of the tax system might explain why the Survey of Consumer Finance data indicates a large stock of unrealized capital gains on actively-managed businesses, but the capital gains on such businesses seem to be relatively modest in the Stat...
متن کاملCapital Taxation, Globalization, and International Tax Competition
The historical evolution of the corporate tax burden in the OECD nations is studied, beginning with an assessment of alternative measures of the burden. Descriptive analysis of these time series reveals no evidence of a competitive “race to the bottom” in capital taxation, and little evidence of even a harmonization of the tax burden. These conclusions for the OECD and Europe as a whole are con...
متن کاملCapital Gains Taxation: Some Experience from Switzerland
This paper discusses capital gains taxation on movable property in Switzerland which was completely abolished at the canton level in 1996 but is now under political discussion as a tax at the confederation level. Economic reasoning on the features of the Swiss tax system and empirical results for canton data on the capital gains tax in the past suggest that such a tax has a negative effect on r...
متن کاملCapital Gains Taxation and the Cost of Capital: Evidence from Unanticipated Cross-Border Transfers of Tax Bases
In a cross-border takeover, the tax base associated with future capital gains is transferred from target shareholders to acquirer shareholders. Cross-country differences in capital gains tax rates enable us to estimate the discount in the takeover price on account of future capital gains. The estimation suggests that a one percentage point increase in the capital gains tax rate reduces the valu...
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ژورنال
عنوان ژورنال: National Tax Journal
سال: 1989
ISSN: 0028-0283,1944-7477
DOI: 10.1086/ntj41788807