Menu Expand

Cite JOURNAL ARTICLE

Style

Schneider, F., Winner, H. Ein Vorschlag zur Reform der österreichischen Unternehmensbesteuerung. Credit and Capital Markets – Kredit und Kapital, 34(2), 223-256. https://doi.org/10.3790/ccm.34.2.223
Schneider, Friedrich and Winner, Hannes "Ein Vorschlag zur Reform der österreichischen Unternehmensbesteuerung" Credit and Capital Markets – Kredit und Kapital 34.2, 2001, 223-256. https://doi.org/10.3790/ccm.34.2.223
Schneider, Friedrich/Winner, Hannes (2001): Ein Vorschlag zur Reform der österreichischen Unternehmensbesteuerung, in: Credit and Capital Markets – Kredit und Kapital, vol. 34, iss. 2, 223-256, [online] https://doi.org/10.3790/ccm.34.2.223

Format

Ein Vorschlag zur Reform der österreichischen Unternehmensbesteuerung

Schneider, Friedrich | Winner, Hannes

Credit and Capital Markets – Kredit und Kapital, Vol. 34 (2001), Iss. 2 : pp. 223–256

Additional Information

Article Details

Author Details

Friedrich Schneider, Linz

Hannes Winner, Innsbruck

References

  1. Alworth, J. S. (1988): The finance, investment and taxation decisions of multinationals, Oxford - Auerbach, A. J. (1983): Taxation, corporate financial policy and the cost of capital, Journal of Economic Literature 21, S. 905-940.  Google Scholar
  2. Baker & McKenzie (1999): Survey of the effective tax burden in the European Union, Amsterdam 1999.  Google Scholar
  3. Crooks, E., M. Devereux, M. Pearson und Ch. Wookey (1989): Transnational tax rates and incentives to invest, IFS Working Paper No 89/9, London.  Google Scholar
  4. Devereux, M. und M. Pearson (1989): Corporate tax harmonisation and economic efficiency, IFS Report Series No. 35, London.  Google Scholar
  5. Doralt, W. und H. G. Ruppe (2000): Grundriß des österreichischen Steuerrechts, Bd. 1, 7. Aufl., Wien.  Google Scholar
  6. Bordignon, M., S. Giannini und P. Panteghini (1999): Corporate taxation in Italy: an analysis of the 1998 reform, Finanzarchiv 57, S. 235-362.  Google Scholar

Abstract

A Proposal for a New Business Taxation in Austria

This paper evaluates an alternative for the Austrian business taxation in which the company has to pay no taxes on retained earnings until repatriation to the shareholders. We analyze the effects of the proposal in a framework of effective marginal tax rates as developed by King and Fullerton. Effective marginal tax rates before and after the introduction of the new business taxation are calculated for national and international foreign direct investment. Our result is that the overall tax burden of corporations would be substantially lower both, for Austrian and international investors. Moreover, corporations face stronger incentives to finance investments at the margin with retained earnings. Therefore the tax disadvantage of equity would be reduced.