Prevention of an Entrepreneur's Income Shifting in a Nordic Dual Tax


Näytä suppeat kuvailutiedot Ylä-Liedenpohja, Jouko - 2012-06-17T20:09:09Z 2012-06-16 09:18:54 - 2012-06-17T20:09:09Z 2007 -
dc.identifier.isbn 978-951-44-7204-6 -
dc.identifier.issn 1458-1191 -
dc.description.abstract Nordic dual taxes earned income at a progressive rate schedule while income from capital at a proportional rate. In the Finnish system transformation of taxable income from labour to income from capital is prevented by splitting entrepreneurial income to presumptive income from capital, based on net business assets, and by taxing the rest as earned income. The multi-period implication of the split rule is analysed, taking the opportunity return on the net assets into account, and how it blocks income shifting. Capital income dividends from non-listed companies on average are economic income from capital. However, high opportunity wage professionals, whose marginal tax rate on earned income exceeds the double-tax rate on undistributed corporate profits, potentially benefit from using non-listed companies as piggy banks. Their alleged tax planning is critically assessed. -
dc.format.extent 20 -
dc.language.iso en -
dc.title Prevention of an Entrepreneur's Income Shifting in a Nordic Dual Tax -
dc.type fi=Erillisteos | en=Monograph| -
dc.identifier.urn urn:isbn:978-951-44-7204-6 -
dc.type.version fi=Kustantajan versio | en=Publisher's version| -
dc.subject.okm fi=Kansantaloustiede | en=Economics| -
dc.oldstats 512 -
dc.seriesname.electronic Tampere Economic Working Papers Net Series
dc.relation.numberinserieselectronic 62/2007

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