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
收藏
页码：447 / 454
页数：8
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