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.
- Language
-
Englisch
- Bibliographic citation
-
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)
- Classification
-
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
- Subject
-
residual income
income tax
value added tax
tax shield
neutrality
vertical integration
- Event
-
Geistige Schöpfung
- (who)
-
Zafiris, Nicos
- Event
-
Veröffentlichung
- (who)
-
The Academy of Entrepreneurial Finance (AEF)
- (where)
-
Montrose, CA
- (when)
-
2016
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Zafiris, Nicos
- The Academy of Entrepreneurial Finance (AEF)
Time of origin
- 2016
Other Objects (12)
Taxation and income distribution: analysis of income tax and value added tax : evidence from Germany
Income inequality, tax base and sovereign spreads
Income inequality, tax base and sovereign spreads
German income tax : personal income tax, corporate income tax and trade tax
Income tax buyouts and income tax evasion
Income Tax Buyouts and Income Tax Evasion
INCOME TAX
INCOME TAX
Would Broadening the UI Tax Base Help Low-Income Workers?
Value-added tax cuts bring greatest relief to lower and middle income households
Polen, Einfuhrumsatzsteuer : (Value Added Tax)
Capital Income Tax Coordination and the Income Tax Mix
Taxation and income distribution: analysis of income tax and value added tax : evidence from Germany
Income inequality, tax base and sovereign spreads
Income inequality, tax base and sovereign spreads
German income tax : personal income tax, corporate income tax and trade tax
Income tax buyouts and income tax evasion
Income Tax Buyouts and Income Tax Evasion
INCOME TAX
INCOME TAX
Would Broadening the UI Tax Base Help Low-Income Workers?
Value-added tax cuts bring greatest relief to lower and middle income households
Polen, Einfuhrumsatzsteuer : (Value Added Tax)
Capital Income Tax Coordination and the Income Tax Mix
Taxation and income distribution: analysis of income tax and value added tax : evidence from Germany
Income inequality, tax base and sovereign spreads
Income inequality, tax base and sovereign spreads
German income tax : personal income tax, corporate income tax and trade tax
Income tax buyouts and income tax evasion
Income Tax Buyouts and Income Tax Evasion
INCOME TAX
INCOME TAX
Would Broadening the UI Tax Base Help Low-Income Workers?
Value-added tax cuts bring greatest relief to lower and middle income households
Polen, Einfuhrumsatzsteuer : (Value Added Tax)