haku: @author Strulik, H. / yhteensä: 4
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| Tekijä: | Grossmann, V. Strulik, H. |
| Otsikko: | Should continued family firms face lower taxes than other estates? |
| Lehti: | Journal of Public Economics
2010 : FEB, VOL. 94:1-2, p. 87-101 |
| Asiasana: | entrepreneurship family firms taxation models Germany |
| Kieli: | eng |
| Tiivistelmä: | Heirs may be induced to discontinue family firms (hereafter as: f-firms) due to taxes on estates and inheritances. From a macroeconomic (as: m-econ.) viewpoint, a preferential tax treatment (here as: p-t-t.) of transferred f-firms seems to be desirable. This paper explores analytically and quantitatively the trade-off btw. saved transaction costs and prevented creative destruction. Among others, it is found that a unique general equilibrium (as: eqlm.) exists at which ... low-ability heirs either abandon (Type 1) or continue (Type 2) a family business. Based on German data, it is suggested that p-t-t. of f-firms has serious negative consequences on m-econ. performance in the case it causes a threshold crossing from Type 1 to Type 2 eqlm. |
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