The effect of capital gains taxation on small business transfers and start-ups

被引：2

作者：

Cho, Myeonghwan ^{[1
]}

机构：

[1] Univ Seoul, Dept Econ, Seoul, South Korea

来源：

ECONOMIC MODELLING | 2014年 / 36卷

基金：

新加坡国家研究基金会;

关键词：

Capital gains taxation; Business start-up; Lock-in effect; TAX RATES; INVESTMENT; ENTREPRENEURSHIP; DYNAMICS;

D O I：

10.1016/j.econmod.2013.09.002

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper studies the effect of capital gains taxation on small business transfers and business start-ups. We consider a model in which agents have different abilities to manage businesses and derive an agent's optimal choices as an owner or non-owner of a small business. Agents' optimal choices depend on their abilities. We also find that capital gains taxation has a negative effect on small business transfers but can encourage small business start-ups. (C) 2013 Elsevier B.V. All rights reserved.

引用

页码：447 / 454

页数：8

共 26 条

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AUERBACH AJ, 1992, AM ECON REV, V82, P263

[3] EFFECTS OF CAPITAL GAINS TAXATION ON LIFE-CYCLE INVESTMENT AND PORTFOLIO MANAGEMENT [J].