In diesem Beitrag werden die Effekte symmetrischer und asymmetrischer Besteuerungauf die Vorteilhaftigkeit erfolgsabhängiger und erfolgsunabhängiger Entlohnungsverträgeuntersucht. Dazu wird ein binäres Agency-Modell verwendet, in das eine proportionaleUnternehmenssteuer auf Ebene des...

The internationalisation of financial accounting and the European Commission’s ambition toharmonise corporate taxation have raised the question whether IFRS accounts could be usedfor tax purposes. In order to quantify the effect of an IFRS-based taxation on corporate taxburdens in different EU...

Für die Wirkungsweise steuerlicher Anreize ist die Forschungsfrage, ob sich Unternehmenmit und ohne steuerliche Verlustvorträge in Entscheidungsprozessen wie der Investitions- undFinanzierungspolitik voneinander unterscheiden, von besonderer steuerpolitischer Relevanz.Die Identifikation von...

In diesem Beitrag wird untersucht, ob die Einführung der Wertpapier-KESt zum 1. Jänner 2011 einen signifikanten Einfluss auf das Handelsvolumen am österreichischen Kapitalmarkt hatte. Basierend auf der Annahme, dass Investoren die Information über die Einführung der Wertpapier-KESt zum...

This paper deals with the effects of tax rate uncertainty on risk-neutral and risk-averse investment behavior. We analyze effects of stochastic tax rates on both real and financial investment. It emerges that under risk neutrality as well as under risk aversion, increased tax rate uncertainty...

This article deals with the integration of taxes into real option-based investment models under risk neutrality and risk averison. It compares the possible approaches dynamic programming and contingent claims analysis to analyze their effects on the optimal investment rules before and after...

We derive an ex post neutral comprehensive income tax on pension schemes equivalent to a Johansson-Samuelson tax that guarantees non-discriminatory treatment of lifetime-dependent and other investments. By separately taxing contributions and benefits, our concept does not require any assumptions...

In recent years stock option plans (SOPs) have become an important component of managerial remuneration in most industrialized countries. Commonly accepted, corporate as well as individual taxes have a major impact on the costs of a SOP. In contrast, the tax influence on the benefits of a SOP...

In many industries like management consulting, IT consulting, or construction highly qualified employees, i.e., experts or executive managers, have to be assigned to temporary projects. In firms with many employees and various different projects, this assignment decision involves a complex...

In many industries like management consulting, IT consulting, or construction highly qualified employees, i.e., experts or executive managers, have to be assigned to temporary projects. In firms with many employees and various different projects, this assignment decision involves a complex...