Ein Vorschlag zur Reform der österreichischen Unternehmensbesteuerung
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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
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Friedrich Schneider, Linz
Hannes Winner, Innsbruck
References
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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.