Dual income tax: a proposal for reforming corporate and personal income tax in Germany
Saved in:
| Format: | Book |
|---|---|
| Language: | English |
| Published: |
Heidelberg [u.a.]
Physica-Verl.
2008
|
| Series: | ZEW economic studies
39 |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XI, 147 S. graph. Darst. |
| ISBN: | 9783790820515 |
Staff View
MARC
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| 245 | 1 | 0 | |a Dual income tax |b a proposal for reforming corporate and personal income tax in Germany |c German Council of Economic Experts ... Authors: Wolfgang Wiegard ... |
| 264 | 1 | |a Heidelberg [u.a.] |b Physica-Verl. |c 2008 | |
| 300 | |a XI, 147 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
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Record in the Search Index
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| adam_text | Table
of
Contents
Dual Income Tax: Supporting Arguments and Design
-
An Overview
......1
1.1
In Support of Dual Income Tax
................................................................1
1.1.1
Objectives and Constraints for Reforming Business Taxes
..............1
1.1.2
Reform Options: Comprehensive or Dual Income Tax?
...................4
1.1.3
On the Criticisms of Dual Income Tax
.............................................9
1.2
Principles of Dual Income Tax
...............................................................11
1.2.1
Basic Definitions, Types of Income and Tax Rates
........................12
1.2.2
Taxing Corporations and Partnerships
............................................19
1.2.3
Neutrality Aspects and Room to Maneuver
....................................24
1.3
Quantitative Analysis
..............................................................................27
1.3.1
The Cost of Capital and Effective Average Tax Burdens
...............29
1.3.2
Effects on Tax Revenues and on Macro-Economic Variables
........37
Taxing Corporations and Their Shareholders
............................................43
2.1
Taxing Corporations
...............................................................................43
2.2
Taxing Shareholders
...............................................................................45
2.2.1
Preferential Tax Treatment for Return on Equity Capital and
Regular Taxation
.............................................................................45
2.2.2
Putting Capital Gains and Dividends on an Equal Footing
.............47
2.2.3
Assessing the Standard Rate of Return
...........................................48
2.2.4
Return on Equity Capital
—
Should It Apply to the Corporation
or the Shareholders?
........................................................................50
2.2.5
Establishing and Extrapolating the Initial Value of Shares and
Determining the Return Allowance
................................................56
2.2.6
Treating Losses on Disposing of Shares in Corporations
(Capital Losses)
..............................................................................61
2.3
Contracts Between Corporations and Shareholders
................................63
2.3.1
Assessing the Adequacy of Performance and Consideration
..........63
2.3.2
Debt Finance
...................................................................................66
2.3.3
Structures to Increase the Return Base
............................................67
Taxing Transparent Entities
.........................................................................73
3.1
Transparent Taxation Rather than Assimilation to Corporations
............73
3.1.1
The Conventional Differentiation Between Transparent
Entities and Corporations
................................................................73
X
Contents
3
.1.2
The Demand for Neutral Business Taxation Regarding
Legal Form
......................................................................................74
3.1.3
The Reform Process in Scandinavia
...............................................76
3.1.4
Evaluation and Conclusions
............................................................77
3.2
Special Tax Treatment of Standard Return on Equity
............................84
3.2.1
Restriction to Businesses Preparing a Balance Sheet
.....................84
3.2.2
Standardised or Actual Return?
......................................................84
3.2.3
Including the Partners Business Assets
.........................................85
3.2.4
Mezzanine Financing
......................................................................86
3.3
Taxing Business Profits
..........................................................................87
3.3.1
The Basic Concept of Profit Splitting
.............................................87
3.3.2
Comparison of Tax Burdens of Corporations and Transparent
Entities
............................................................................................89
3.3.3
Determination of the Return Component
........................................91
3.4
Deduction of Liabilities (and Debt Interest)
...........................................96
3.4.1
The Gross Method vs. the Net Method
......................................96
3.4.2
Gross Method
..................................................................................97
3.4.3
Net Method
...................................................................................101
3.4.4
Leeway for Creative Accounting
..................................................102
3.5
Interest Rates
........................................................................................106
3.6
Taxing Extraordinary Transactions
......................................................107
3.7
The Tax Rates
.......................................................................................108
4
Individual Aspects of Dual Income Tax
.....................................................
Ill
4.1
Taxing Changes of Legal Form
............................................................
Ill
4.1.1
Introductory Remarks
...................................................................
Ill
4.1.2
Carrying over Standard Return on Equity Capital and Return
Allowance
.....................................................................................112
4.1.3
Removing More Obstacles to Conversion
....................................118
4.2
Rent and Lease
......................................................................................119
4.3
Re-Organising Other Income
(§ 22 ITA)...........................................120
4.4
Levying Tax on Capital Income
...........................................................123
4.4.1
Benefits of Uniform Taxation of Capital Income
.........................123
4.4.2
Final Withholding Tax with Assessment Option
..........................123
4.4.3
Determining and Levying Tax
......................................................125
4.5
Dealing with Losses
..............................................................................127
4.5.1
Background Conditions
................................................................127
4.5.2
Setting Off Losses when Calculating Income
...............................129
4.5.3
Setting Off Losses Horizontally
....................................................130
4.5.4
Setting Off Losses Vertically
........................................................131
4.5.5
Setting Off Losses Between Periods (Deducting Losses)
.............134
4.6
Dealing with Trade Tax. Assuming It Is Retained
................................135
List of Figures
....................................................................................................139
List of Tables
.....................................................................................................141
Table of Contents XI
List of Abbreviations
.........................................................................................143
References
..........................................................................................................145
|
| adam_txt |
Table
of
Contents
Dual Income Tax: Supporting Arguments and Design
-
An Overview
.1
1.1
In Support of Dual Income Tax
.1
1.1.1
Objectives and Constraints for Reforming Business Taxes
.1
1.1.2
Reform Options: Comprehensive or Dual Income Tax?
.4
1.1.3
On the Criticisms of Dual Income Tax
.9
1.2
Principles of Dual Income Tax
.11
1.2.1
Basic Definitions, Types of Income and Tax Rates
.12
1.2.2
Taxing Corporations and Partnerships
.19
1.2.3
Neutrality Aspects and Room to Maneuver
.24
1.3
Quantitative Analysis
.27
1.3.1
The Cost of Capital and Effective Average Tax Burdens
.29
1.3.2
Effects on Tax Revenues and on Macro-Economic Variables
.37
Taxing Corporations and Their Shareholders
.43
2.1
Taxing Corporations
.43
2.2
Taxing Shareholders
.45
2.2.1
Preferential Tax Treatment for Return on Equity Capital and
Regular Taxation
.45
2.2.2
Putting Capital Gains and Dividends on an Equal Footing
.47
2.2.3
Assessing the Standard Rate of Return
.48
2.2.4
Return on Equity Capital
—
Should It Apply to the Corporation
or the Shareholders?
.50
2.2.5
Establishing and Extrapolating the Initial Value of Shares and
Determining the Return Allowance
.56
2.2.6
Treating Losses on Disposing of Shares in Corporations
(Capital Losses)
.61
2.3
Contracts Between Corporations and Shareholders
.63
2.3.1
Assessing the Adequacy of Performance and Consideration
.63
2.3.2
Debt Finance
.66
2.3.3
Structures to Increase the Return Base
.67
Taxing Transparent Entities
.73
3.1
Transparent Taxation Rather than Assimilation to Corporations
.73
3.1.1
The Conventional Differentiation Between Transparent
Entities and Corporations
.73
X
Contents
3
.1.2
The Demand for Neutral Business Taxation Regarding
Legal Form
.74
3.1.3
The Reform Process in Scandinavia
.76
3.1.4
Evaluation and Conclusions
.77
3.2
Special Tax Treatment of Standard Return on Equity
.84
3.2.1
Restriction to Businesses Preparing a Balance Sheet
.84
3.2.2
Standardised or Actual Return?
.84
3.2.3
Including the Partners' Business Assets
.85
3.2.4
Mezzanine Financing
.86
3.3
Taxing Business Profits
.87
3.3.1
The Basic Concept of Profit Splitting
.87
3.3.2
Comparison of Tax Burdens of Corporations and Transparent
Entities
.89
3.3.3
Determination of the Return Component
.91
3.4
Deduction of Liabilities (and Debt Interest)
.96
3.4.1
The 'Gross Method' vs. the 'Net Method'
.96
3.4.2
Gross Method
.97
3.4.3
Net Method
.101
3.4.4
Leeway for Creative Accounting
.102
3.5
Interest Rates
.106
3.6
Taxing Extraordinary Transactions
.107
3.7
The Tax Rates
.108
4
Individual Aspects of Dual Income Tax
.
Ill
4.1
Taxing Changes of Legal Form
.
Ill
4.1.1
Introductory Remarks
.
Ill
4.1.2
Carrying over Standard Return on Equity Capital and Return
Allowance
.112
4.1.3
Removing More Obstacles to Conversion
.118
4.2
Rent and Lease
.119
4.3
Re-Organising Other Income'
(§ 22 ITA).120
4.4
Levying Tax on Capital Income
.123
4.4.1
Benefits of Uniform Taxation of Capital Income
.123
4.4.2
Final Withholding Tax with Assessment Option
.123
4.4.3
Determining and Levying Tax
.125
4.5
Dealing with Losses
.127
4.5.1
Background Conditions
.127
4.5.2
Setting Off Losses when Calculating Income
.129
4.5.3
Setting Off Losses Horizontally
.130
4.5.4
Setting Off Losses Vertically
.131
4.5.5
Setting Off Losses Between Periods (Deducting Losses)
.134
4.6
Dealing with Trade Tax. Assuming It Is Retained
.135
List of Figures
.139
List of Tables
.141
Table of Contents XI
List of Abbreviations
.143
References
.145 |
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| geographic_facet | Deutschland |
| id | DE-604.BV023174030 |
| illustrated | Illustrated |
| index_date | 2024-07-02T19:59:04Z |
| indexdate | 2024-07-09T21:12:17Z |
| institution | BVB |
| isbn | 9783790820515 |
| language | English |
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| publisher | Physica-Verl. |
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| series2 | ZEW economic studies |
| spelling | Dual income tax a proposal for reforming corporate and personal income tax in Germany German Council of Economic Experts ... Authors: Wolfgang Wiegard ... Heidelberg [u.a.] Physica-Verl. 2008 XI, 147 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier ZEW economic studies 39 Duale Einkommensteuer (DE-588)7531987-1 gnd rswk-swf Deutschland (DE-588)4011882-4 gnd rswk-swf Deutschland (DE-588)4011882-4 g Duale Einkommensteuer (DE-588)7531987-1 s DE-188 Wiegard, Wolfgang Sonstige oth Zentrum für Europäische Wirtschaftsforschung <Mannheim> ZEW economic studies 39 (DE-604)BV012864799 39 Digitalisierung UB Regensburg application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016360664&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Dual income tax a proposal for reforming corporate and personal income tax in Germany Duale Einkommensteuer (DE-588)7531987-1 gnd |
| subject_GND | (DE-588)7531987-1 (DE-588)4011882-4 |
| title | Dual income tax a proposal for reforming corporate and personal income tax in Germany |
| title_auth | Dual income tax a proposal for reforming corporate and personal income tax in Germany |
| title_exact_search | Dual income tax a proposal for reforming corporate and personal income tax in Germany |
| title_exact_search_txtP | Dual income tax a proposal for reforming corporate and personal income tax in Germany |
| title_full | Dual income tax a proposal for reforming corporate and personal income tax in Germany German Council of Economic Experts ... Authors: Wolfgang Wiegard ... |
| title_fullStr | Dual income tax a proposal for reforming corporate and personal income tax in Germany German Council of Economic Experts ... Authors: Wolfgang Wiegard ... |
| title_full_unstemmed | Dual income tax a proposal for reforming corporate and personal income tax in Germany German Council of Economic Experts ... Authors: Wolfgang Wiegard ... |
| title_short | Dual income tax |
| title_sort | dual income tax a proposal for reforming corporate and personal income tax in germany |
| title_sub | a proposal for reforming corporate and personal income tax in Germany |
| topic | Duale Einkommensteuer (DE-588)7531987-1 gnd |
| topic_facet | Duale Einkommensteuer Deutschland |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016360664&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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