Artikel

Value added as the tax base for enterprise income

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.

Sprache
Englisch

Erschienen in
Journal: The Journal of Entrepreneurial Finance (JEF) ; ISSN: 1551-9570 ; Volume: 18 ; Year: 2016 ; Issue: 2 ; Pages: 1-22 ; Montrose, CA: The Academy of Entrepreneurial Finance (AEF)

Klassifikation
Management
Taxation and Subsidies: Efficiency; Optimal Taxation
Business Taxes and Subsidies including sales and value-added (VAT)
Fiscal Policies and Behavior of Economic Agents: Firm
Thema
residual income
income tax
value added tax
tax shield
neutrality
vertical integration

Ereignis
Geistige Schöpfung
(wer)
Zafiris, Nicos
Ereignis
Veröffentlichung
(wer)
The Academy of Entrepreneurial Finance (AEF)
(wo)
Montrose, CA
(wann)
2016

Handle
Letzte Aktualisierung
10.03.2025, 11:45 MEZ

Datenpartner

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Objekttyp

  • Artikel

Beteiligte

  • Zafiris, Nicos
  • The Academy of Entrepreneurial Finance (AEF)

Entstanden

  • 2016

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