In this paper we analyze the impact of various minimum taxation concepts oncorporate investment decisions. These investments can be realized in the form ofeither a real or a financial investment. In a quantitative analysis we refer to thefuture values of the investments as an indicator of...

The components of a European tax system with CCCTB or ETAS differ significantly. Nevertheless,we can perform a comparison in the chosen model framework. We determine theminimum required minimum pre-tax rate of return of a real investment in comparison to afinancial investment within a...

In diesem Beitrag wird der Einfluss der Besteuerung auf Warteoptionen bei Realinvestitionenuntersucht. Es gelingt erstmals in einem optionspreistheoretischen Modellrahmenunter Einbeziehung von Veräußerungsgewinnbesteuerung Steuersätze herzuleiten, die dieEntscheidung über den Zeitpunkt der...

This paper investigates the influence of different systems of current income and capital gains taxation on investor's decision to either carry out an investment in corporate shares or to invest funds alternatively on the capital market. Three basic tax systems are analyzed, a classical corporate...

An investment that is characterized by exit flexibility requires both decisions on investment and holding period. As selling an investment often leads to tax-liable capital gains and capital gains crucially depend on the duration of an investment we investigate the impact of capital gains...

This paper investigates the influence of different systems of current income and capital gains taxation on investor's decision to either carry out an investment in corporate shares or to invest funds alternatively on the capital market. Three basic tax systems are analyzed, a classical corporate...