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2008 | 56 | 7 | 649-661
Article title

ASSESSING TAX ASSYMETRIES AND THE INCENTIVE TO INCORPORATE

Authors
Title variants
Languages of publication
EN
Abstracts
EN
The paper uses a single-period option-based model to analyze the net value of business income under uncertainty, focusing on the effects of tax asymmetries and observing the distinct features of individual and corporate forms of business organization. Its parameters include the income tax structure and corporate leverage. Results are illustrated on applications using 2007 data in the Czech Republic and Slovakia. Various asymmetries are identified and discussed, leading to a hypothesis on the incentive to incorporate, less pronounced under the Czech tax framework, which tends to favour the personal form for a range of businesses.
Contributors
  • J. Vlachy, Ekonomicky ustav SAV, Sancova 56, 811 05 Bratislava 1, Slovak Republic
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
08SKAAAA052817
YADDA identifier
bwmeta1.element.827090f7-5715-3305-a9aa-bcbbd9e06965
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