[{"volume":71,"user_id":"36049","_id":"4743","language":[{"iso":"ger"}],"page":"569-575","intvolume":"        71","date_updated":"2026-06-03T09:47:03Z","author":[{"first_name":"Sönke","last_name":"Sievers","full_name":"Sievers, Sönke","id":"46447"},{"full_name":"Sureth-Sloane, Caren","orcid":" 0000-0002-8183-5901","first_name":"Caren","last_name":"Sureth-Sloane","id":"530"},{"id":"36049","first_name":"André","orcid":"https://orcid.org/0000-0002-8058-8857","last_name":"Uhde","full_name":"Uhde, André"}],"title":"Restrukturierungen: operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp","year":"2018","status":"public","department":[{"_id":"187"},{"_id":"275"},{"_id":"188"},{"_id":"635"},{"_id":"186"}],"type":"journal_article","date_created":"2018-10-15T10:42:21Z","abstract":[{"text":"Restrukturierungen werden sowohl durch die Digitalisierung, aber auch durch klassische Themen – beispielsweise\r\ndie Notwendigkeit von Umsatz- und Kostensynergien in kompetitiven Märkten – verstärkt vorangetrieben.\r\nDieser Beitrag beleuchtet vor allem die Motive und Folgen aus wissenschaftlicher Perspektive, indem großzahlige\r\nempirische Befunde zu den Themen Beschäftigung, Finanzkennzahlen und Kapitalerhöhungen sowie steuerliche\r\nMotive prägnant zusammengefasst und im Kontext des geplanten Joint Ventures von thyssenkrupp und Tata\r\nSteel diskutiert werden.","lang":"ger"}],"quality_controlled":"1","citation":{"mla":"Sievers, Sönke, et al. “Restrukturierungen: operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp.” <i>Die Wirtschaftsprüfung</i>, vol. 71, no. 9, 2018, pp. 569–75.","bibtex":"@article{Sievers_Sureth-Sloane_Uhde_2018, title={Restrukturierungen: operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp}, volume={71}, number={9}, journal={Die Wirtschaftsprüfung}, author={Sievers, Sönke and Sureth-Sloane, Caren and Uhde, André}, year={2018}, pages={569–575} }","ama":"Sievers S, Sureth-Sloane C, Uhde A. Restrukturierungen: operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp. <i>Die Wirtschaftsprüfung</i>. 2018;71(9):569-575.","ieee":"S. Sievers, C. Sureth-Sloane, and A. Uhde, “Restrukturierungen: operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp,” <i>Die Wirtschaftsprüfung</i>, vol. 71, no. 9, pp. 569–575, 2018.","apa":"Sievers, S., Sureth-Sloane, C., &#38; Uhde, A. (2018). Restrukturierungen: operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp. <i>Die Wirtschaftsprüfung</i>, <i>71</i>(9), 569–575.","chicago":"Sievers, Sönke, Caren Sureth-Sloane, and André Uhde. “Restrukturierungen: operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp.” <i>Die Wirtschaftsprüfung</i> 71, no. 9 (2018): 569–75.","short":"S. Sievers, C. Sureth-Sloane, A. Uhde, Die Wirtschaftsprüfung 71 (2018) 569–575."},"publication":"Die Wirtschaftsprüfung","issue":"9"},{"date_created":"2020-07-31T11:39:47Z","type":"journal_article","issue":"9","publication":"Die Wirtschaftsprüfung","citation":{"bibtex":"@article{Sievers_Sureth-Sloane_Uhde_2018, title={Restrukturierungen: operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp}, volume={71}, number={9}, journal={Die Wirtschaftsprüfung}, author={Sievers, Sönke and Sureth-Sloane, Caren and Uhde, André}, year={2018} }","ama":"Sievers S, Sureth-Sloane C, Uhde A. Restrukturierungen: operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp. <i>Die Wirtschaftsprüfung</i>. 2018;71(9).","mla":"Sievers, Sönke, et al. “Restrukturierungen: operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp.” <i>Die Wirtschaftsprüfung</i>, vol. 71, no. 9, 2018.","chicago":"Sievers, Sönke, Caren Sureth-Sloane, and André Uhde. “Restrukturierungen: operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp.” <i>Die Wirtschaftsprüfung</i> 71, no. 9 (2018).","short":"S. Sievers, C. Sureth-Sloane, A. Uhde, Die Wirtschaftsprüfung 71 (2018).","ieee":"S. Sievers, C. Sureth-Sloane, and A. Uhde, “Restrukturierungen: operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp,” <i>Die Wirtschaftsprüfung</i>, vol. 71, no. 9, 2018.","apa":"Sievers, S., Sureth-Sloane, C., &#38; Uhde, A. (2018). Restrukturierungen: operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp. <i>Die Wirtschaftsprüfung</i>, <i>71</i>(9)."},"abstract":[{"lang":"ger","text":"Restrukturierungen werden sowohl durch die Digitalisierung, aber auch durch klassische Themen – beispielsweise\r\ndie Notwendigkeit von Umsatz- und Kostensynergien in kompetitiven Märkten – verstärkt vorangetrieben.\r\nDieser Beitrag beleuchtet vor allem die Motive und Folgen aus wissenschaftlicher Perspektive, indem großzahlige\r\nempirische Befunde zu den Themen Beschäftigung, Finanzkennzahlen und Kapitalerhöhungen sowie steuerliche\r\nMotive prägnant zusammengefasst und im Kontext des geplanten Joint Ventures von thyssenkrupp und Tata\r\nSteel diskutiert werden."}],"_id":"17519","language":[{"iso":"ger"}],"user_id":"36049","volume":71,"status":"public","title":"Restrukturierungen: operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp","year":"2018","author":[{"full_name":"Sievers, Sönke","first_name":"Sönke","last_name":"Sievers","id":"46447"},{"id":"530","full_name":"Sureth-Sloane, Caren","orcid":" 0000-0002-8183-5901","first_name":"Caren","last_name":"Sureth-Sloane"},{"id":"36049","first_name":"André","orcid":"https://orcid.org/0000-0002-8058-8857","last_name":"Uhde","full_name":"Uhde, André"}],"publication_status":"published","date_updated":"2026-06-03T09:45:57Z","intvolume":"        71"},{"language":[{"iso":"ger"}],"date_updated":"2022-01-06T06:55:32Z","publication_status":"published","intvolume":"        70","article_type":"original","year":"2017","title":"Warum ist unser Steuersystem so komplex? Eine befragungsbasierte Analyse","author":[{"id":"22671","first_name":"Thomas","last_name":"Hoppe","full_name":"Hoppe, Thomas"},{"first_name":"Deborah","last_name":"Schanz","full_name":"Schanz, Deborah"},{"full_name":"Sturm, Susann","first_name":"Susann","last_name":"Sturm"},{"full_name":"Sureth-Sloane, Caren","last_name":"Sureth-Sloane","first_name":"Caren","id":"530"}],"keyword":["Steuersystem","Komplexität","Steuergesetz","Steuerliche Rahmenbedingungen","BEPS"],"type":"journal_article","department":[{"_id":"187"},{"_id":"635"}],"date_created":"2018-04-06T07:27:32Z","abstract":[{"lang":"ger","text":"Die Komplexität des Steuersystems stellt auch in Deutschland ein großes Problem dar. Entgegen bisherigen Betrachtungen weist die vorliegende Befragungsstudie darauf hin, dass die Treiber für steuerliche Komplexität deutlich vielfältiger und nicht nur im Gesetz, sondern auch in den steuerlichen Rahmenbedingungen zu verorten sind. Einerseits tragen übermäßig viele Details und häufige oder umfangreiche  Änderungen in erheblichem Maße dazu bei, dass Regelungen – wie solche zu Verrechnungspreisen – als komplex beurteilt werden. Andererseits erweisen sich auch inkonsistente Entscheidungen im Rahmen von Betriebsprüfungen und mangelhafte Gesetzesentwürfe als wesentliche Komplexitätstreiber. Statt einer permanenten Ausweitung von Regulierung sollte künftig der Abbau der im Beitrag identifizierten Probleme gezielt in den Fokus von Wissenschaft, Politik und Praxis rücken."}],"issue":"17","publication":"Die Wirtschaftsprüfung","user_id":"68607","volume":70,"page":"1026-1033","_id":"2241","publisher":"IDW","status":"public","project":[{"_id":"37","grant_number":"P01","name":"Der Einfluss von steuerlicher Regulierung auf multinationale Unternehmen"}],"citation":{"bibtex":"@article{Hoppe_Schanz_Sturm_Sureth-Sloane_2017, title={Warum ist unser Steuersystem so komplex? Eine befragungsbasierte Analyse}, volume={70}, number={17}, journal={Die Wirtschaftsprüfung}, publisher={IDW}, author={Hoppe, Thomas and Schanz, Deborah and Sturm, Susann and Sureth-Sloane, Caren}, year={2017}, pages={1026–1033} }","ama":"Hoppe T, Schanz D, Sturm S, Sureth-Sloane C. Warum ist unser Steuersystem so komplex? Eine befragungsbasierte Analyse. <i>Die Wirtschaftsprüfung</i>. 2017;70(17):1026-1033.","mla":"Hoppe, Thomas, et al. “Warum ist unser Steuersystem so komplex? Eine befragungsbasierte Analyse.” <i>Die Wirtschaftsprüfung</i>, vol. 70, no. 17, IDW, 2017, pp. 1026–33.","short":"T. Hoppe, D. Schanz, S. Sturm, C. Sureth-Sloane, Die Wirtschaftsprüfung 70 (2017) 1026–1033.","chicago":"Hoppe, Thomas, Deborah Schanz, Susann Sturm, and Caren Sureth-Sloane. “Warum ist unser Steuersystem so komplex? Eine befragungsbasierte Analyse.” <i>Die Wirtschaftsprüfung</i> 70, no. 17 (2017): 1026–33.","ieee":"T. Hoppe, D. Schanz, S. Sturm, and C. Sureth-Sloane, “Warum ist unser Steuersystem so komplex? Eine befragungsbasierte Analyse,” <i>Die Wirtschaftsprüfung</i>, vol. 70, no. 17, pp. 1026–1033, 2017.","apa":"Hoppe, T., Schanz, D., Sturm, S., &#38; Sureth-Sloane, C. (2017). Warum ist unser Steuersystem so komplex? Eine befragungsbasierte Analyse. <i>Die Wirtschaftsprüfung</i>, <i>70</i>(17), 1026–1033."}},{"title":"2016 Global MNC Tax Complexity Survey - Executive Summary","year":"2017","author":[{"first_name":"Thomas","last_name":"Hoppe","full_name":"Hoppe, Thomas","id":"22671"},{"full_name":"Schanz, Deborah","first_name":"Deborah","last_name":"Schanz"},{"first_name":"Susann","last_name":"Sturm","full_name":"Sturm, Susann"},{"full_name":"Sureth-Sloane, Caren","last_name":"Sureth-Sloane","first_name":"Caren","id":"530"}],"date_updated":"2022-01-06T06:55:33Z","main_file_link":[{"open_access":"1","url":"www.taxcomplexity.org"}],"language":[{"iso":"eng"}],"doi":"10.13140/RG.2.2.23707.46881","file":[{"date_created":"2018-04-06T07:40:03Z","creator":"hoppet","content_type":"application/pdf","file_id":"2248","date_updated":"2018-04-06T07:40:03Z","relation":"main_file","access_level":"open_access","file_size":4020983,"file_name":"Hoppe Schanz Sturm Sureth-Sloane 2017.pdf"}],"date_created":"2018-04-06T07:40:18Z","type":"report","department":[{"_id":"187"},{"_id":"635"}],"status":"public","has_accepted_license":"1","page":"27","_id":"2247","urn":"22477","user_id":"68607","ddc":["330"],"file_date_updated":"2018-04-06T07:40:03Z","citation":{"mla":"Hoppe, Thomas, et al. <i>2016 Global MNC Tax Complexity Survey - Executive Summary</i>. 2017, doi:<a href=\"https://doi.org/10.13140/RG.2.2.23707.46881\">10.13140/RG.2.2.23707.46881</a>.","ama":"Hoppe T, Schanz D, Sturm S, Sureth-Sloane C. <i>2016 Global MNC Tax Complexity Survey - Executive Summary</i>.; 2017. doi:<a href=\"https://doi.org/10.13140/RG.2.2.23707.46881\">10.13140/RG.2.2.23707.46881</a>","bibtex":"@book{Hoppe_Schanz_Sturm_Sureth-Sloane_2017, title={2016 Global MNC Tax Complexity Survey - Executive Summary}, DOI={<a href=\"https://doi.org/10.13140/RG.2.2.23707.46881\">10.13140/RG.2.2.23707.46881</a>}, author={Hoppe, Thomas and Schanz, Deborah and Sturm, Susann and Sureth-Sloane, Caren}, year={2017} }","apa":"Hoppe, T., Schanz, D., Sturm, S., &#38; Sureth-Sloane, C. (2017). <i>2016 Global MNC Tax Complexity Survey - Executive Summary</i>. <a href=\"https://doi.org/10.13140/RG.2.2.23707.46881\">https://doi.org/10.13140/RG.2.2.23707.46881</a>","ieee":"T. Hoppe, D. Schanz, S. Sturm, and C. Sureth-Sloane, <i>2016 Global MNC Tax Complexity Survey - Executive Summary</i>. 2017.","chicago":"Hoppe, Thomas, Deborah Schanz, Susann Sturm, and Caren Sureth-Sloane. <i>2016 Global MNC Tax Complexity Survey - Executive Summary</i>, 2017. <a href=\"https://doi.org/10.13140/RG.2.2.23707.46881\">https://doi.org/10.13140/RG.2.2.23707.46881</a>.","short":"T. Hoppe, D. Schanz, S. Sturm, C. Sureth-Sloane, 2016 Global MNC Tax Complexity Survey - Executive Summary, 2017."},"project":[{"grant_number":"P01","_id":"37","name":"Der Einfluss von steuerlicher Regulierung auf multinationale Unternehmen"}],"oa":"1"},{"language":[{"iso":"eng"}],"main_file_link":[{"open_access":"1","url":"https://ssrn.com/abstract=3046546"}],"doi":"10.2139/ssrn.3046546","author":[{"id":"22671","full_name":"Hoppe, Thomas","last_name":"Hoppe","first_name":"Thomas"},{"last_name":"Schanz","first_name":"Deborah","full_name":"Schanz, Deborah"},{"full_name":"Sturm, Susann","first_name":"Susann","last_name":"Sturm"},{"id":"530","full_name":"Sureth-Sloane, Caren","first_name":"Caren","last_name":"Sureth-Sloane"}],"publication_identifier":{"issn":["1556-5068"]},"year":"2017","title":"What are the Drivers of Tax Complexity for Multinational Corporations? Evidence from 108 Countries","date_updated":"2022-01-06T06:55:34Z","date_created":"2018-04-06T07:44:59Z","file":[{"date_updated":"2018-04-06T07:48:31Z","relation":"main_file","file_size":1077359,"access_level":"closed","file_name":"Hoppe Schanz Sturm Sureth-Sloane 2017.pdf","content_type":"application/pdf","success":1,"file_id":"2253","creator":"hoppet","date_created":"2018-04-06T07:48:31Z"}],"department":[{"_id":"187"},{"_id":"635"}],"keyword":["Complexity Drivers","International Comparison","Survey","Tax Complexity","Tax Practitioners"],"type":"working_paper","abstract":[{"text":"All over the world, firms and governments are increasingly concerned about the rise in tax complexity. To manage it and develop effective simplification measures, detailed information on the current drivers of complexity is required. However, research on this topic is scarce. This is surprising as the latest developments—for example, triggered by the BEPS project—give rise to the conjecture that complexity drivers may have changed, thus questioning the findings of prior studies. In this paper, we shed light on this issue and provide a global picture of the current drivers of tax complexity that multinational corporations face based on a survey of 221 highly experienced tax practitioners from 108 countries. Our results show that prior complexity drivers of the tax code are still relevant, with details and changes of tax regulations being the two most influential complexity drivers. We also find evidence for new relevant complexity drivers emerging from different areas of the tax framework, such as inconsistent decisions among tax officers (tax audits) or retroactively applied tax law amendments (tax enactment). Based on the responses of the practitioners, we develop a concept of tax complexity that distinguishes two pillars, tax code and tax framework complexity, and illustrates the various aspects that should be considered when assessing the complexity of a country’s tax system.","lang":"eng"}],"_id":"2250","page":"28","user_id":"68607","ddc":["330"],"jel":["H20","H25","C83","O57"],"status":"public","has_accepted_license":"1","oa":"1","citation":{"short":"T. Hoppe, D. Schanz, S. Sturm, C. Sureth-Sloane, What Are the Drivers of Tax Complexity for Multinational Corporations? Evidence from 108 Countries, 2017.","chicago":"Hoppe, Thomas, Deborah Schanz, Susann Sturm, and Caren Sureth-Sloane. <i>What Are the Drivers of Tax Complexity for Multinational Corporations? Evidence from 108 Countries</i>, 2017. <a href=\"https://doi.org/10.2139/ssrn.3046546\">https://doi.org/10.2139/ssrn.3046546</a>.","apa":"Hoppe, T., Schanz, D., Sturm, S., &#38; Sureth-Sloane, C. (2017). <i>What are the Drivers of Tax Complexity for Multinational Corporations? Evidence from 108 Countries</i>. <a href=\"https://doi.org/10.2139/ssrn.3046546\">https://doi.org/10.2139/ssrn.3046546</a>","ieee":"T. Hoppe, D. Schanz, S. Sturm, and C. Sureth-Sloane, <i>What are the Drivers of Tax Complexity for Multinational Corporations? Evidence from 108 Countries</i>. 2017.","ama":"Hoppe T, Schanz D, Sturm S, Sureth-Sloane C. <i>What Are the Drivers of Tax Complexity for Multinational Corporations? Evidence from 108 Countries</i>.; 2017. doi:<a href=\"https://doi.org/10.2139/ssrn.3046546\">10.2139/ssrn.3046546</a>","bibtex":"@book{Hoppe_Schanz_Sturm_Sureth-Sloane_2017, title={What are the Drivers of Tax Complexity for Multinational Corporations? Evidence from 108 Countries}, DOI={<a href=\"https://doi.org/10.2139/ssrn.3046546\">10.2139/ssrn.3046546</a>}, author={Hoppe, Thomas and Schanz, Deborah and Sturm, Susann and Sureth-Sloane, Caren}, year={2017} }","mla":"Hoppe, Thomas, et al. <i>What Are the Drivers of Tax Complexity for Multinational Corporations? Evidence from 108 Countries</i>. 2017, doi:<a href=\"https://doi.org/10.2139/ssrn.3046546\">10.2139/ssrn.3046546</a>."},"file_date_updated":"2018-04-06T07:48:31Z","project":[{"name":"Der Einfluss von steuerlicher Regulierung auf multinationale Unternehmen","grant_number":"P01","_id":"37"}]},{"date_created":"2018-10-12T08:35:31Z","department":[{"_id":"187"},{"_id":"189"},{"_id":"551"},{"_id":"635"}],"type":"working_paper","citation":{"mla":"Flagmeier, Vanessa, et al. <i>When Do Managers Highlight Their Effective Tax Rate?</i> Vol. 214, 2017, doi:<a href=\"https://doi.org/arqus Working Paper No. 214\">arqus Working Paper No. 214</a>.","ama":"Flagmeier V, Müller J, Sureth-Sloane C. <i>When Do Managers Highlight Their Effective Tax Rate?</i> Vol 214.; 2017. doi:<a href=\"https://doi.org/arqus Working Paper No. 214\">arqus Working Paper No. 214</a>","bibtex":"@book{Flagmeier_Müller_Sureth-Sloane_2017, series={arqus Working Paper}, title={When Do Managers Highlight Their Effective Tax Rate?}, volume={214}, DOI={<a href=\"https://doi.org/arqus Working Paper No. 214\">arqus Working Paper No. 214</a>}, author={Flagmeier, Vanessa and Müller, Jens and Sureth-Sloane, Caren}, year={2017}, collection={arqus Working Paper} }","apa":"Flagmeier, V., Müller, J., &#38; Sureth-Sloane, C. (2017). <i>When Do Managers Highlight Their Effective Tax Rate?</i> (Vol. 214). <a href=\"https://doi.org/arqus Working Paper No. 214\">https://doi.org/arqus Working Paper No. 214</a>","ieee":"V. Flagmeier, J. Müller, and C. Sureth-Sloane, <i>When Do Managers Highlight Their Effective Tax Rate?</i>, vol. 214. 2017.","short":"V. Flagmeier, J. Müller, C. Sureth-Sloane, When Do Managers Highlight Their Effective Tax Rate?, 2017.","chicago":"Flagmeier, Vanessa, Jens Müller, and Caren Sureth-Sloane. <i>When Do Managers Highlight Their Effective Tax Rate?</i> Vol. 214. Arqus Working Paper, 2017. <a href=\"https://doi.org/arqus Working Paper No. 214\">https://doi.org/arqus Working Paper No. 214</a>."},"series_title":"arqus Working Paper","_id":"4702","language":[{"iso":"eng"}],"volume":214,"doi":"arqus Working Paper No. 214","user_id":"68607","author":[{"full_name":"Flagmeier, Vanessa","first_name":"Vanessa","last_name":"Flagmeier","id":"8084"},{"id":"1245","full_name":"Müller, Jens","first_name":"Jens","last_name":"Müller"},{"id":"530","first_name":"Caren","last_name":"Sureth-Sloane","full_name":"Sureth-Sloane, Caren"}],"year":"2017","title":"When Do Managers Highlight Their Effective Tax Rate?","status":"public","intvolume":"       214","date_updated":"2022-01-06T07:01:19Z"},{"date_created":"2018-10-12T08:40:30Z","type":"working_paper","department":[{"_id":"187"},{"_id":"635"}],"citation":{"mla":"Mehrmann, Annika, and Caren Sureth-Sloane. <i>Tax Loss Offset Restrictions and Biased Perception of Risky Investments</i>. Vol. 222, 2017, doi:<a href=\"https://doi.org/arqus Working Paper No. 222\">arqus Working Paper No. 222</a>.","ama":"Mehrmann A, Sureth-Sloane C. <i>Tax Loss Offset Restrictions and Biased Perception of Risky Investments</i>. Vol 222.; 2017. doi:<a href=\"https://doi.org/arqus Working Paper No. 222\">arqus Working Paper No. 222</a>","bibtex":"@book{Mehrmann_Sureth-Sloane_2017, series={arqus Working Paper Series}, title={Tax Loss Offset Restrictions and Biased Perception of Risky Investments}, volume={222}, DOI={<a href=\"https://doi.org/arqus Working Paper No. 222\">arqus Working Paper No. 222</a>}, author={Mehrmann, Annika and Sureth-Sloane, Caren}, year={2017}, collection={arqus Working Paper Series} }","apa":"Mehrmann, A., &#38; Sureth-Sloane, C. (2017). <i>Tax Loss Offset Restrictions and Biased Perception of Risky Investments</i> (Vol. 222). <a href=\"https://doi.org/arqus Working Paper No. 222\">https://doi.org/arqus Working Paper No. 222</a>","ieee":"A. Mehrmann and C. Sureth-Sloane, <i>Tax Loss Offset Restrictions and Biased Perception of Risky Investments</i>, vol. 222. 2017.","short":"A. Mehrmann, C. Sureth-Sloane, Tax Loss Offset Restrictions and Biased Perception of Risky Investments, 2017.","chicago":"Mehrmann, Annika, and Caren Sureth-Sloane. <i>Tax Loss Offset Restrictions and Biased Perception of Risky Investments</i>. Vol. 222. Arqus Working Paper Series, 2017. <a href=\"https://doi.org/arqus Working Paper No. 222\">https://doi.org/arqus Working Paper No. 222</a>."},"language":[{"iso":"eng"}],"_id":"4712","series_title":"arqus Working Paper Series","user_id":"68607","doi":"arqus Working Paper No. 222","volume":222,"title":"Tax Loss Offset Restrictions and Biased Perception of Risky Investments","status":"public","year":"2017","author":[{"id":"4324","full_name":"Mehrmann, Annika","first_name":"Annika","last_name":"Mehrmann"},{"id":"530","full_name":"Sureth-Sloane, Caren","first_name":"Caren","last_name":"Sureth-Sloane"}],"date_updated":"2022-01-06T07:01:19Z","intvolume":"       222"},{"date_created":"2018-10-12T08:43:29Z","department":[{"_id":"187"}],"type":"book","citation":{"ieee":"C. Sureth-Sloane, <i>Die Fakultät für Wirtschaftswissenschaften an der Universität Paderborn: Zeitzeugen geben Einblicke in den Werdegang ihrer Fakultät</i>. Eusl-Verlag, Detmold, 2017.","apa":"Sureth-Sloane, C. (2017). <i>Die Fakultät für Wirtschaftswissenschaften an der Universität Paderborn: Zeitzeugen geben Einblicke in den Werdegang ihrer Fakultät</i>. Eusl-Verlag, Detmold.","short":"C. Sureth-Sloane, Die Fakultät für Wirtschaftswissenschaften an der Universität Paderborn: Zeitzeugen geben Einblicke in den Werdegang ihrer Fakultät, Eusl-Verlag, Detmold, 2017.","chicago":"Sureth-Sloane, Caren. <i>Die Fakultät für Wirtschaftswissenschaften an der Universität Paderborn: Zeitzeugen geben Einblicke in den Werdegang ihrer Fakultät</i>. Eusl-Verlag, Detmold, 2017.","mla":"Sureth-Sloane, Caren. <i>Die Fakultät für Wirtschaftswissenschaften an der Universität Paderborn: Zeitzeugen geben Einblicke in den Werdegang ihrer Fakultät</i>. Eusl-Verlag, Detmold, 2017.","bibtex":"@book{Sureth-Sloane_2017, title={Die Fakultät für Wirtschaftswissenschaften an der Universität Paderborn: Zeitzeugen geben Einblicke in den Werdegang ihrer Fakultät}, publisher={Eusl-Verlag, Detmold}, author={Sureth-Sloane, Caren}, year={2017} }","ama":"Sureth-Sloane C. <i>Die Fakultät für Wirtschaftswissenschaften an der Universität Paderborn: Zeitzeugen geben Einblicke in den Werdegang ihrer Fakultät</i>. Eusl-Verlag, Detmold; 2017."},"publisher":"Eusl-Verlag, Detmold","_id":"4713","language":[{"iso":"ger"}],"user_id":"21222","author":[{"id":"530","last_name":"Sureth-Sloane","first_name":"Caren","full_name":"Sureth-Sloane, Caren"}],"title":"Die Fakultät für Wirtschaftswissenschaften an der Universität Paderborn: Zeitzeugen geben Einblicke in den Werdegang ihrer Fakultät","status":"public","year":"2017","date_updated":"2022-01-06T07:01:19Z"},{"status":"public","user_id":"74000","volume":11,"page":"571-603","_id":"4703","quality_controlled":"1","citation":{"apa":"Hegemann, A., Kunoth, A., Rupp, K., &#38; Sureth-Sloane, C. (2017). Hold or Sell? How Capital Gains Taxation Affects Holding Decisions. <i>Review of Managerial Science</i>, <i>11</i>(3), 571–603. <a href=\"https://doi.org/10.1007/s11846-016-0197-9 \">https://doi.org/10.1007/s11846-016-0197-9 </a>","ieee":"A. Hegemann, A. Kunoth, K. Rupp, and C. Sureth-Sloane, “Hold or Sell? How Capital Gains Taxation Affects Holding Decisions,” <i>Review of Managerial Science</i>, vol. 11, no. 3, pp. 571–603, 2017, doi: <a href=\"https://doi.org/10.1007/s11846-016-0197-9 \">10.1007/s11846-016-0197-9 </a>.","short":"A. Hegemann, A. Kunoth, K. Rupp, C. Sureth-Sloane, Review of Managerial Science 11 (2017) 571–603.","chicago":"Hegemann, Annika, Angela Kunoth, Kristina Rupp, and Caren Sureth-Sloane. “Hold or Sell? How Capital Gains Taxation Affects Holding Decisions.” <i>Review of Managerial Science</i> 11, no. 3 (2017): 571–603. <a href=\"https://doi.org/10.1007/s11846-016-0197-9 \">https://doi.org/10.1007/s11846-016-0197-9 </a>.","mla":"Hegemann, Annika, et al. “Hold or Sell? How Capital Gains Taxation Affects Holding Decisions.” <i>Review of Managerial Science</i>, vol. 11, no. 3, 2017, pp. 571–603, doi:<a href=\"https://doi.org/10.1007/s11846-016-0197-9 \">10.1007/s11846-016-0197-9 </a>.","ama":"Hegemann A, Kunoth A, Rupp K, Sureth-Sloane C. Hold or Sell? How Capital Gains Taxation Affects Holding Decisions. <i>Review of Managerial Science</i>. 2017;11(3):571-603. doi:<a href=\"https://doi.org/10.1007/s11846-016-0197-9 \">10.1007/s11846-016-0197-9 </a>","bibtex":"@article{Hegemann_Kunoth_Rupp_Sureth-Sloane_2017, title={Hold or Sell? How Capital Gains Taxation Affects Holding Decisions}, volume={11}, DOI={<a href=\"https://doi.org/10.1007/s11846-016-0197-9 \">10.1007/s11846-016-0197-9 </a>}, number={3}, journal={Review of Managerial Science}, author={Hegemann, Annika and Kunoth, Angela and Rupp, Kristina and Sureth-Sloane, Caren}, year={2017}, pages={571–603} }"},"oa":"1","date_updated":"2024-01-30T12:43:17Z","intvolume":"        11","title":"Hold or Sell? How Capital Gains Taxation Affects Holding Decisions","year":"2017","author":[{"first_name":"Annika","last_name":"Hegemann","full_name":"Hegemann, Annika"},{"first_name":"Angela","last_name":"Kunoth","full_name":"Kunoth, Angela"},{"last_name":"Rupp","first_name":"Kristina","full_name":"Rupp, Kristina"},{"id":"530","full_name":"Sureth-Sloane, Caren","last_name":"Sureth-Sloane","orcid":" 0000-0002-8183-5901","first_name":"Caren"}],"doi":"10.1007/s11846-016-0197-9 ","main_file_link":[{"open_access":"1"}],"language":[{"iso":"eng"}],"abstract":[{"lang":"eng","text":"Investments with exit flexibility require decisions regarding both the investment and holding period. Because selling an investment often leads to taxable capital gains, which crucially depend on the duration of an investment, we investigate the impact of capital gains taxation on exit timing under different tax systems. We observed that capital gains taxation delays exit decisions but loses its decision relevance for very long holdings. Often the optimal exit time, which indicates the maximal present value of future cashflows, cannot be determined analytically. However, we identify the breakeven exit time that guarantees present values exceeding those of an immediate sale. While, after-taxes, an immediate sale is often optimal, long holding periods might also be attractive for investors depending on the degree of income and corporate tax integration. A classic corporate tax system often indicates holdings over more than 100 periods. By contrast, a shareholder relief system indicates the earliest breakeven exit time and thus the highest level of exit timing flexibility. Surprisingly, high retention rates are likely to accelerate sales under a classic corporate system. Additionally, the worst exit time, which should be avoided by investors, differs tremendously across tax systems. For an integrated tax system with full imputation, the worst time is reached earlier than under partial or non-integrated systems. These results could help to predict investors’ behavior regarding changes in capital gains taxation and thus are of interest for both investors and tax policymakers. Furthermore, the results emphasize the need to control for the underlying tax system in cross-country empirical studies."}],"issue":"3","publication":"Review of Managerial Science","type":"journal_article","department":[{"_id":"187"},{"_id":"635"}],"date_created":"2018-10-12T08:38:21Z"},{"date_created":"2018-10-30T12:48:28Z","department":[{"_id":"187"}],"type":"book_chapter","citation":{"mla":"Arbeitskreis Verrechnungspreise der Schmalenbach-Gesellschaft für Betriebswirtschaft, ., and Caren Sureth-Sloane. “Herausforderungen neuer digitaler Geschäftsmodelle für die Bestimmung von Verrechnungspreisen.” <i>Betriebswirtschaftliche Implikationen der digitalen Transformation</i>, edited by Stefan Krause and Bernhard Pellens, vol. 72, 2017, pp. 143–65.","ama":"Arbeitskreis Verrechnungspreise der Schmalenbach-Gesellschaft für Betriebswirtschaft ., Sureth-Sloane C. Herausforderungen neuer digitaler Geschäftsmodelle für die Bestimmung von Verrechnungspreisen. In: Krause S, Pellens B, eds. <i>Betriebswirtschaftliche Implikationen der digitalen Transformation</i>. Vol 72. ZfbF 17. ; 2017:143-165.","bibtex":"@inbook{Arbeitskreis Verrechnungspreise der Schmalenbach-Gesellschaft für Betriebswirtschaft_Sureth-Sloane_2017, series={ZfbF 17}, title={Herausforderungen neuer digitaler Geschäftsmodelle für die Bestimmung von Verrechnungspreisen}, volume={72}, booktitle={Betriebswirtschaftliche Implikationen der digitalen Transformation}, author={Arbeitskreis Verrechnungspreise der Schmalenbach-Gesellschaft für Betriebswirtschaft, . and Sureth-Sloane, Caren}, editor={Krause, Stefan and Pellens, Bernhard}, year={2017}, pages={143–165}, collection={ZfbF 17} }","apa":"Arbeitskreis Verrechnungspreise der Schmalenbach-Gesellschaft für Betriebswirtschaft, ., &#38; Sureth-Sloane, C. (2017). Herausforderungen neuer digitaler Geschäftsmodelle für die Bestimmung von Verrechnungspreisen. In S. Krause &#38; B. Pellens (Eds.), <i>Betriebswirtschaftliche Implikationen der digitalen Transformation</i> (Vol. 72, pp. 143–165).","ieee":". Arbeitskreis Verrechnungspreise der Schmalenbach-Gesellschaft für Betriebswirtschaft and C. Sureth-Sloane, “Herausforderungen neuer digitaler Geschäftsmodelle für die Bestimmung von Verrechnungspreisen,” in <i>Betriebswirtschaftliche Implikationen der digitalen Transformation</i>, vol. 72, S. Krause and B. Pellens, Eds. 2017, pp. 143–165.","chicago":"Arbeitskreis Verrechnungspreise der Schmalenbach-Gesellschaft für Betriebswirtschaft, ., and Caren Sureth-Sloane. “Herausforderungen neuer digitaler Geschäftsmodelle für die Bestimmung von Verrechnungspreisen.” In <i>Betriebswirtschaftliche Implikationen der digitalen Transformation</i>, edited by Stefan Krause and Bernhard Pellens, 72:143–65. ZfbF 17, 2017.","short":". Arbeitskreis Verrechnungspreise der Schmalenbach-Gesellschaft für Betriebswirtschaft, C. Sureth-Sloane, in: S. Krause, B. Pellens (Eds.), Betriebswirtschaftliche Implikationen der digitalen Transformation, 2017, pp. 143–165."},"publication":"Betriebswirtschaftliche Implikationen der digitalen Transformation","_id":"5015","language":[{"iso":"ger"}],"series_title":"ZfbF 17","page":"143-165","editor":[{"first_name":"Stefan","last_name":"Krause","full_name":"Krause, Stefan"},{"first_name":"Bernhard","last_name":"Pellens","full_name":"Pellens, Bernhard"}],"alternative_title":["(Caren Sureth-Sloane ist Mitglied im Arbeitskreis Verrechnungspreise und im Team der federführenden Autoren dieses Beitrags)"],"volume":72,"user_id":"530","author":[{"full_name":"Arbeitskreis Verrechnungspreise der Schmalenbach-Gesellschaft für Betriebswirtschaft, .","first_name":".","last_name":"Arbeitskreis Verrechnungspreise der Schmalenbach-Gesellschaft für Betriebswirtschaft"},{"first_name":"Caren","last_name":"Sureth-Sloane","orcid":" 0000-0002-8183-5901","full_name":"Sureth-Sloane, Caren","id":"530"}],"title":"Herausforderungen neuer digitaler Geschäftsmodelle für die Bestimmung von Verrechnungspreisen","year":"2017","status":"public","intvolume":"        72","date_updated":"2024-04-08T11:07:59Z"},{"type":"book_chapter","department":[{"_id":"187"}],"date_created":"2018-10-30T12:53:21Z","publication":"Betriebswirtschaftliche Implikationen der digitalen Transformation","citation":{"short":". Arbeitskreis Steuern der Schmalenbach-Gesellschaft für Betriebswirtschaft, C. Sureth-Sloane, in: S. Krause, B. Pellens (Eds.), Betriebswirtschaftliche Implikationen der digitalen Transformation, ZfBF Schmalenbach-Gesellschaft, 2017, pp. 123–142.","chicago":"Arbeitskreis Steuern der Schmalenbach-Gesellschaft für Betriebswirtschaft, ., and Caren Sureth-Sloane. “Digitalisierung und Besteuerung.” In <i>Betriebswirtschaftliche Implikationen der digitalen Transformation</i>, edited by Stefan Krause and Bernhard Pellens, 72:123–42. ZfbF-Sonderheft 17. ZfBF Schmalenbach-Gesellschaft, 2017.","ieee":". Arbeitskreis Steuern der Schmalenbach-Gesellschaft für Betriebswirtschaft and C. Sureth-Sloane, “Digitalisierung und Besteuerung,” in <i>Betriebswirtschaftliche Implikationen der digitalen Transformation</i>, vol. 72, S. Krause and B. Pellens, Eds. ZfBF Schmalenbach-Gesellschaft, 2017, pp. 123–142.","apa":"Arbeitskreis Steuern der Schmalenbach-Gesellschaft für Betriebswirtschaft, ., &#38; Sureth-Sloane, C. (2017). Digitalisierung und Besteuerung. In S. Krause &#38; B. Pellens (Eds.), <i>Betriebswirtschaftliche Implikationen der digitalen Transformation</i> (Vol. 72, pp. 123–142). ZfBF Schmalenbach-Gesellschaft.","bibtex":"@inbook{Arbeitskreis Steuern der Schmalenbach-Gesellschaft für Betriebswirtschaft_Sureth-Sloane_2017, series={ZfbF-Sonderheft 17}, title={Digitalisierung und Besteuerung}, volume={72}, booktitle={Betriebswirtschaftliche Implikationen der digitalen Transformation}, publisher={ZfBF Schmalenbach-Gesellschaft}, author={Arbeitskreis Steuern der Schmalenbach-Gesellschaft für Betriebswirtschaft, . and Sureth-Sloane, Caren}, editor={Krause, Stefan and Pellens, Bernhard}, year={2017}, pages={123–142}, collection={ZfbF-Sonderheft 17} }","ama":"Arbeitskreis Steuern der Schmalenbach-Gesellschaft für Betriebswirtschaft ., Sureth-Sloane C. Digitalisierung und Besteuerung. In: Krause S, Pellens B, eds. <i>Betriebswirtschaftliche Implikationen der digitalen Transformation</i>. Vol 72. ZfbF-Sonderheft 17. ZfBF Schmalenbach-Gesellschaft; 2017:123-142.","mla":"Arbeitskreis Steuern der Schmalenbach-Gesellschaft für Betriebswirtschaft, ., and Caren Sureth-Sloane. “Digitalisierung und Besteuerung.” <i>Betriebswirtschaftliche Implikationen der digitalen Transformation</i>, edited by Stefan Krause and Bernhard Pellens, vol. 72, ZfBF Schmalenbach-Gesellschaft, 2017, pp. 123–42."},"user_id":"530","volume":72,"alternative_title":["(Caren Sureth-Sloane ist Mitglied im Arbeitskreis Steuern) "],"editor":[{"last_name":"Krause","first_name":"Stefan","full_name":"Krause, Stefan"},{"last_name":"Pellens","first_name":"Bernhard","full_name":"Pellens, Bernhard"}],"page":"123-142","_id":"5017","language":[{"iso":"ger"}],"series_title":"ZfbF-Sonderheft 17","publisher":"ZfBF Schmalenbach-Gesellschaft","date_updated":"2024-04-08T11:06:37Z","intvolume":"        72","year":"2017","title":"Digitalisierung und Besteuerung","status":"public","author":[{"last_name":"Arbeitskreis Steuern der Schmalenbach-Gesellschaft für Betriebswirtschaft","first_name":".","full_name":"Arbeitskreis Steuern der Schmalenbach-Gesellschaft für Betriebswirtschaft, ."},{"id":"530","full_name":"Sureth-Sloane, Caren","orcid":" 0000-0002-8183-5901","first_name":"Caren","last_name":"Sureth-Sloane"}]},{"publication":"Die Unternehmensbesteuerung","issue":"9","citation":{"mla":"Arbeitskreis Verrechnungspreise der Schmalenbach-Gesellschaft für Betriebswirtschaft, ., and Caren Sureth-Sloane. “Immaterielle Vermögenswerte – ausgewählte Fragestellungen aus Sicht der unternehmerischen Praxis und der Wissenschaft.” <i>Die Unternehmensbesteuerung</i>, vol. 10, no. 9, Arbeitskreis Steuern der Schmalenbach-Gesellschaft für Betriebswirtschaft, 2017, pp. 537–42.","ama":"Arbeitskreis Verrechnungspreise der Schmalenbach-Gesellschaft für Betriebswirtschaft ., Sureth-Sloane C. Immaterielle Vermögenswerte – ausgewählte Fragestellungen aus Sicht der unternehmerischen Praxis und der Wissenschaft. <i>Die Unternehmensbesteuerung</i>. 2017;10(9):537-542.","bibtex":"@article{Arbeitskreis Verrechnungspreise der Schmalenbach-Gesellschaft für Betriebswirtschaft_Sureth-Sloane_2017, title={Immaterielle Vermögenswerte – ausgewählte Fragestellungen aus Sicht der unternehmerischen Praxis und der Wissenschaft}, volume={10}, number={9}, journal={Die Unternehmensbesteuerung}, publisher={Arbeitskreis Steuern der Schmalenbach-Gesellschaft für Betriebswirtschaft}, author={Arbeitskreis Verrechnungspreise der Schmalenbach-Gesellschaft für Betriebswirtschaft, . and Sureth-Sloane, Caren}, year={2017}, pages={537–542} }","apa":"Arbeitskreis Verrechnungspreise der Schmalenbach-Gesellschaft für Betriebswirtschaft, ., &#38; Sureth-Sloane, C. (2017). Immaterielle Vermögenswerte – ausgewählte Fragestellungen aus Sicht der unternehmerischen Praxis und der Wissenschaft. <i>Die Unternehmensbesteuerung</i>, <i>10</i>(9), 537–542.","ieee":". Arbeitskreis Verrechnungspreise der Schmalenbach-Gesellschaft für Betriebswirtschaft and C. Sureth-Sloane, “Immaterielle Vermögenswerte – ausgewählte Fragestellungen aus Sicht der unternehmerischen Praxis und der Wissenschaft,” <i>Die Unternehmensbesteuerung</i>, vol. 10, no. 9, pp. 537–542, 2017.","short":". Arbeitskreis Verrechnungspreise der Schmalenbach-Gesellschaft für Betriebswirtschaft, C. Sureth-Sloane, Die Unternehmensbesteuerung 10 (2017) 537–542.","chicago":"Arbeitskreis Verrechnungspreise der Schmalenbach-Gesellschaft für Betriebswirtschaft, ., and Caren Sureth-Sloane. “Immaterielle Vermögenswerte – ausgewählte Fragestellungen aus Sicht der unternehmerischen Praxis und der Wissenschaft.” <i>Die Unternehmensbesteuerung</i> 10, no. 9 (2017): 537–42."},"date_created":"2018-10-30T12:50:57Z","type":"journal_article","department":[{"_id":"187"}],"status":"public","title":"Immaterielle Vermögenswerte – ausgewählte Fragestellungen aus Sicht der unternehmerischen Praxis und der Wissenschaft","year":"2017","author":[{"first_name":".","last_name":"Arbeitskreis Verrechnungspreise der Schmalenbach-Gesellschaft für Betriebswirtschaft","full_name":"Arbeitskreis Verrechnungspreise der Schmalenbach-Gesellschaft für Betriebswirtschaft, ."},{"orcid":" 0000-0002-8183-5901","first_name":"Caren","last_name":"Sureth-Sloane","full_name":"Sureth-Sloane, Caren","id":"530"}],"date_updated":"2024-04-08T11:14:20Z","intvolume":"        10","page":"537-542","_id":"5016","publisher":"Arbeitskreis Steuern der Schmalenbach-Gesellschaft für Betriebswirtschaft","language":[{"iso":"ger"}],"user_id":"530","alternative_title":["(Caren Sureth-Sloane ist Mitglied im Arbeitskreis Verrechnungspreise)"],"volume":10},{"citation":{"apa":"Diller, M., Kortebusch, P., Schneider, G., &#38; Sureth-Sloane, C. (2017). Boon or Bane? Advance Tax Rulings as a Measure to Mitigate Tax Uncertainty and Foster Investment. <i>European Accounting Review</i>, <i>26</i>(3), 441–468. <a href=\"https://doi.org/10.1080/09638180.2016.1169939\">https://doi.org/10.1080/09638180.2016.1169939</a>","ieee":"M. Diller, P. Kortebusch, G. Schneider, and C. Sureth-Sloane, “Boon or Bane? Advance Tax Rulings as a Measure to Mitigate Tax Uncertainty and Foster Investment,” <i>European Accounting Review</i>, vol. 26, no. 3, pp. 441–468, 2017, doi: <a href=\"https://doi.org/10.1080/09638180.2016.1169939\">10.1080/09638180.2016.1169939</a>.","short":"M. Diller, P. Kortebusch, G. Schneider, C. Sureth-Sloane, European Accounting Review 26 (2017) 441–468.","chicago":"Diller, Markus, Pia Kortebusch, Georg Schneider, and Caren Sureth-Sloane. “Boon or Bane? Advance Tax Rulings as a Measure to Mitigate Tax Uncertainty and Foster Investment.” <i>European Accounting Review</i> 26, no. 3 (2017): 441–68. <a href=\"https://doi.org/10.1080/09638180.2016.1169939\">https://doi.org/10.1080/09638180.2016.1169939</a>.","mla":"Diller, Markus, et al. “Boon or Bane? Advance Tax Rulings as a Measure to Mitigate Tax Uncertainty and Foster Investment.” <i>European Accounting Review</i>, vol. 26, no. 3, 2017, pp. 441–68, doi:<a href=\"https://doi.org/10.1080/09638180.2016.1169939\">10.1080/09638180.2016.1169939</a>.","ama":"Diller M, Kortebusch P, Schneider G, Sureth-Sloane C. Boon or Bane? Advance Tax Rulings as a Measure to Mitigate Tax Uncertainty and Foster Investment. <i>European Accounting Review</i>. 2017;26(3):441-468. doi:<a href=\"https://doi.org/10.1080/09638180.2016.1169939\">10.1080/09638180.2016.1169939</a>","bibtex":"@article{Diller_Kortebusch_Schneider_Sureth-Sloane_2017, title={Boon or Bane? Advance Tax Rulings as a Measure to Mitigate Tax Uncertainty and Foster Investment}, volume={26}, DOI={<a href=\"https://doi.org/10.1080/09638180.2016.1169939\">10.1080/09638180.2016.1169939</a>}, number={3}, journal={European Accounting Review}, author={Diller, Markus and Kortebusch, Pia and Schneider, Georg and Sureth-Sloane, Caren}, year={2017}, pages={441–468} }"},"issue":"3","publication":"European Accounting Review","quality_controlled":"1","abstract":[{"lang":"eng","text":"Politicians and tax practitioners often claim that tax uncertainty negatively affects investment. In many countries, firms can request fee-based advance tax rulings (ATRs) to mitigate tax uncertainty. We analyse theoretically the circumstances under which investors request ATRs, how tax authorities should price them and how they can affect investment. We assume that tax authorities integrate investors’ reasoning into their decisions. We find that in special cases the optimal fee tax authorities should charge is prohibitively high, thus firms will refrain from requesting ATRs. However, we find that revenue-maximising tax authorities offer ATRs if the ruling enables them either to significantly reduce their tax audit costs or to increase the probability of detecting ambiguous tax issues. Under certain circumstances, ATRs may effectively foster investment and potentially benefit both the tax authorities and taxpayers. Our results provide new explanations for why taxpayers that face high levels of tax uncertainty often do not request ATRs, even when the fee is rather low. Our results also hold when the tax authority maximises social wealth instead of its revenues. Regulatory changes in ATR requirements might serve as a natural quasi-experiment for an empirical study of our predictions regarding investment decisions."}],"date_created":"2018-10-12T08:27:42Z","department":[{"_id":"187"},{"_id":"635"}],"type":"journal_article","author":[{"first_name":"Markus","last_name":"Diller","full_name":"Diller, Markus"},{"last_name":"Kortebusch","first_name":"Pia","full_name":"Kortebusch, Pia"},{"full_name":"Schneider, Georg","first_name":"Georg","last_name":"Schneider"},{"orcid":" 0000-0002-8183-5901","last_name":"Sureth-Sloane","first_name":"Caren","full_name":"Sureth-Sloane, Caren","id":"530"}],"year":"2017","title":"Boon or Bane? Advance Tax Rulings as a Measure to Mitigate Tax Uncertainty and Foster Investment","status":"public","intvolume":"        26","date_updated":"2023-01-31T12:10:12Z","_id":"4685","language":[{"iso":"eng"}],"page":"441-468","volume":26,"user_id":"21222","doi":"10.1080/09638180.2016.1169939"},{"issue":"1","publication":"Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung","abstract":[{"lang":"ger","text":"Die (Wieder-)Einführung einer Vermögensteuer ist in den vergangenen Jahren erneut in den Fokus der politischen Diskussion gerückt. Der vorliegende Beitrag vermittelt einen Eindruck von den Belastungswirkungen, die aus der Umsetzung von aktuell vorliegenden Besteuerungskonzepten resultieren würden. Auf der Basis von realen Jahresabschlussdaten wird eine mehrperiodige Veranlagungssimulation durchgeführt, die insbesondere ermöglicht, den zu erwartenden Eigenkapitalverzehr sowie den Anstieg der Steuerbelastung für die betrachtete Stichprobe zu quantifizieren. Von besonderem Interesse sind hierbei Unternehmen, deren laufende Erträge nicht ausreichen, um die Belastungen durch die Vermögensteuer zu tragen und damit einem Substanzverzehr ausgesetzt sind. Es zeigt sich, dass etwa die Hälfte der Unternehmen im Untersuchungszeitraum von sechs Jahren in mindestens einem Jahr einen Substanzverzehr erfährt. Der Vermögensteuer kommt somit keinesfalls der vielfach postulierte Charakter einer eher mäßig belastenden und im Wesentlichen substanzverschonenden Steuer zu. Zusatzbelastungen von knapp 100 bis zu 300 % der Ertragsteuerlast sind keine Seltenheit und veranschaulichen das Gefährdungspotenzial dieser Steuer für den Wirtschaftsstandort Deutschland."},{"text":"The (re-)introduction of a wealth tax has again become the subject of political debate in recent years. This paper analyzes the impact of implementing the concepts under discussion on the overall tax burden and on companies’ equity. Simulating a tax assessment based on real annual financial statement data from German listed firms in a multi-period setting, we quantify the expected equity erosion as well as the increase in the tax burden for the companies in our sample that is induced by wealth taxation at the corporate and shareholder level. Special attention is given to companies whose current yield is very low and thus would have to take additional loans or liquidate assets to settle their wealth tax bill. Our findings indicate that around half of the companies would suffer from wealth tax-induced asset erosion in at least one year within the six-year period under review. In contrast to the usually postulated moderate effects of a wealth tax on firms, we find evidence that the additional burden arising from wealth taxation could realistically range from nearly 100 to 300 % of the profit tax burden, highlighting the magnitude of risk associated with wealth taxation for Germany as a business location.","lang":"eng"}],"date_created":"2018-03-23T14:04:24Z","department":[{"_id":"187"},{"_id":"635"}],"keyword":["Steuerbelastung","Substanzbesteuerung","Ungleiche Vermögensverteilung","Veranlagungssimulation","Vermögensteuer"],"type":"journal_article","author":[{"id":"22671","first_name":"Thomas","last_name":"Hoppe","full_name":"Hoppe, Thomas"},{"full_name":"Maiterth, Ralf","last_name":"Maiterth","first_name":"Ralf"},{"id":"530","full_name":"Sureth-Sloane, Caren","first_name":"Caren","last_name":"Sureth-Sloane"}],"publication_identifier":{"issn":["0341-2687","2366-6153"]},"title":"Eigenkapitalverzehr und Substanzbesteuerung deutscher Unternehmen durch eine Vermögensteuer – eine empirische Analyse","year":"2016","article_type":"original","intvolume":"        68","publication_status":"published","date_updated":"2022-01-06T06:53:17Z","language":[{"iso":"ger"}],"main_file_link":[{"open_access":"1","url":"http://www.readcube.com/articles/10.1007/s41471-016-0005-x?author_access_token=L8vhVZMucjlu5odLLLHaG_e4RwlQNchNByi7wbcMAY5B6ptZT4XXH6IBMbZTagA_06jUOTCNV-Pbh1ByfL_RaVCn-T_JbY5z17HM1rzPS9lXyW_vKKYXJAuZZglAbTRQbk33DRwc7ZJZc9Cl6TcFuA%3D%3D"}],"doi":"10.1007/s41471-016-0005-x","citation":{"short":"T. Hoppe, R. Maiterth, C. Sureth-Sloane, Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung 68 (2016) 3–45.","chicago":"Hoppe, Thomas, Ralf Maiterth, and Caren Sureth-Sloane. “Eigenkapitalverzehr und Substanzbesteuerung deutscher Unternehmen durch eine Vermögensteuer – eine empirische Analyse.” <i>Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung</i> 68, no. 1 (2016): 3–45. <a href=\"https://doi.org/10.1007/s41471-016-0005-x\">https://doi.org/10.1007/s41471-016-0005-x</a>.","apa":"Hoppe, T., Maiterth, R., &#38; Sureth-Sloane, C. (2016). Eigenkapitalverzehr und Substanzbesteuerung deutscher Unternehmen durch eine Vermögensteuer – eine empirische Analyse. <i>Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung</i>, <i>68</i>(1), 3–45. <a href=\"https://doi.org/10.1007/s41471-016-0005-x\">https://doi.org/10.1007/s41471-016-0005-x</a>","ieee":"T. Hoppe, R. Maiterth, and C. Sureth-Sloane, “Eigenkapitalverzehr und Substanzbesteuerung deutscher Unternehmen durch eine Vermögensteuer – eine empirische Analyse,” <i>Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung</i>, vol. 68, no. 1, pp. 3–45, 2016.","ama":"Hoppe T, Maiterth R, Sureth-Sloane C. Eigenkapitalverzehr und Substanzbesteuerung deutscher Unternehmen durch eine Vermögensteuer – eine empirische Analyse. <i>Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung</i>. 2016;68(1):3-45. doi:<a href=\"https://doi.org/10.1007/s41471-016-0005-x\">10.1007/s41471-016-0005-x</a>","bibtex":"@article{Hoppe_Maiterth_Sureth-Sloane_2016, title={Eigenkapitalverzehr und Substanzbesteuerung deutscher Unternehmen durch eine Vermögensteuer – eine empirische Analyse}, volume={68}, DOI={<a href=\"https://doi.org/10.1007/s41471-016-0005-x\">10.1007/s41471-016-0005-x</a>}, number={1}, journal={Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung}, publisher={Springer Nature}, author={Hoppe, Thomas and Maiterth, Ralf and Sureth-Sloane, Caren}, year={2016}, pages={3–45} }","mla":"Hoppe, Thomas, et al. “Eigenkapitalverzehr und Substanzbesteuerung deutscher Unternehmen durch eine Vermögensteuer – eine empirische Analyse.” <i>Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung</i>, vol. 68, no. 1, Springer Nature, 2016, pp. 3–45, doi:<a href=\"https://doi.org/10.1007/s41471-016-0005-x\">10.1007/s41471-016-0005-x</a>."},"quality_controlled":"1","oa":"1","jel":["H21","H24","H25","C54"],"status":"public","publisher":"Springer Nature","_id":"1771","page":"3-45","volume":68,"user_id":"61801"},{"type":"book","department":[{"_id":"187"},{"_id":"635"}],"date_created":"2018-10-12T08:50:20Z","citation":{"bibtex":"@book{König_Sureth-Sloane_2016, edition={7}, title={Besteuerung und Rechtsformwahl}, publisher={Verlag Neue Wirtschafts-Briefe, Herne}, author={König, Rolf and Sureth-Sloane, Caren}, year={2016} }","ama":"König R, Sureth-Sloane C. <i>Besteuerung und Rechtsformwahl</i>. 7th ed. Verlag Neue Wirtschafts-Briefe, Herne; 2016.","mla":"König, Rolf, and Caren Sureth-Sloane. <i>Besteuerung und Rechtsformwahl</i>. 7th ed., Verlag Neue Wirtschafts-Briefe, Herne, 2016.","chicago":"König, Rolf, and Caren Sureth-Sloane. <i>Besteuerung und Rechtsformwahl</i>. 7th ed. Verlag Neue Wirtschafts-Briefe, Herne, 2016.","short":"R. König, C. Sureth-Sloane, Besteuerung und Rechtsformwahl, 7th ed., Verlag Neue Wirtschafts-Briefe, Herne, 2016.","ieee":"R. König and C. Sureth-Sloane, <i>Besteuerung und Rechtsformwahl</i>, 7th ed. Verlag Neue Wirtschafts-Briefe, Herne, 2016.","apa":"König, R., &#38; Sureth-Sloane, C. (2016). <i>Besteuerung und Rechtsformwahl</i> (7th ed.). Verlag Neue Wirtschafts-Briefe, Herne."},"user_id":"61801","_id":"4714","language":[{"iso":"ger"}],"publisher":"Verlag Neue Wirtschafts-Briefe, Herne","edition":"7","date_updated":"2022-01-06T07:01:19Z","title":"Besteuerung und Rechtsformwahl","year":"2016","status":"public","author":[{"last_name":"König","first_name":"Rolf","full_name":"König, Rolf"},{"full_name":"Sureth-Sloane, Caren","first_name":"Caren","last_name":"Sureth-Sloane","id":"530"}]},{"date_created":"2018-10-12T08:51:59Z","department":[{"_id":"187"}],"type":"working_paper","citation":{"mla":"Niemann, Rainer, and Caren Sureth-Sloane. <i>Does Capital Tax Uncertainty Delay Irreversible Risky Investment?</i> Vol. 209, 2016.","bibtex":"@book{Niemann_Sureth-Sloane_2016, series={WU International Taxation Research Paper Series}, title={Does Capital Tax Uncertainty Delay Irreversible Risky Investment?}, volume={209}, author={Niemann, Rainer and Sureth-Sloane, Caren}, year={2016}, collection={WU International Taxation Research Paper Series} }","ama":"Niemann R, Sureth-Sloane C. <i>Does Capital Tax Uncertainty Delay Irreversible Risky Investment?</i> Vol 209.; 2016.","ieee":"R. Niemann and C. Sureth-Sloane, <i>Does Capital Tax Uncertainty Delay Irreversible Risky Investment?</i>, vol. 209. 2016.","apa":"Niemann, R., &#38; Sureth-Sloane, C. (2016). <i>Does Capital Tax Uncertainty Delay Irreversible Risky Investment?</i> (Vol. 209).","short":"R. Niemann, C. Sureth-Sloane, Does Capital Tax Uncertainty Delay Irreversible Risky Investment?, 2016.","chicago":"Niemann, Rainer, and Caren Sureth-Sloane. <i>Does Capital Tax Uncertainty Delay Irreversible Risky Investment?</i> Vol. 209. WU International Taxation Research Paper Series, 2016."},"series_title":"WU International Taxation Research Paper Series","_id":"4715","language":[{"iso":"eng"}],"volume":209,"user_id":"61801","author":[{"full_name":"Niemann, Rainer","first_name":"Rainer","last_name":"Niemann"},{"last_name":"Sureth-Sloane","first_name":"Caren","full_name":"Sureth-Sloane, Caren","id":"530"}],"title":"Does Capital Tax Uncertainty Delay Irreversible Risky Investment?","status":"public","year":"2016","intvolume":"       209","date_updated":"2022-01-06T07:01:19Z"},{"date_created":"2018-10-12T12:06:58Z","department":[{"_id":"186"}],"type":"journal_article","citation":{"mla":"Ortmann, Regina, and Caren Sureth-Sloane. “Can the CCCTB Alleviate Tax Discrimination against Loss-Making European Multinational Groups?” <i>Journal of Business Economics</i>, vol. 86, no. 5, 2016, pp. 441–75, doi:<a href=\"https://doi.org/10.1007/s11573-015-0780-6\">10.1007/s11573-015-0780-6</a>.","ama":"Ortmann R, Sureth-Sloane C. Can the CCCTB Alleviate Tax Discrimination against Loss-Making European Multinational Groups? <i>Journal of Business Economics</i>. 2016;86(5):441-475. doi:<a href=\"https://doi.org/10.1007/s11573-015-0780-6\">10.1007/s11573-015-0780-6</a>","bibtex":"@article{Ortmann_Sureth-Sloane_2016, title={Can the CCCTB Alleviate Tax Discrimination against Loss-Making European Multinational Groups?}, volume={86}, DOI={<a href=\"https://doi.org/10.1007/s11573-015-0780-6\">10.1007/s11573-015-0780-6</a>}, number={5}, journal={Journal of Business Economics}, author={Ortmann, Regina and Sureth-Sloane, Caren}, year={2016}, pages={441–475} }","apa":"Ortmann, R., &#38; Sureth-Sloane, C. (2016). Can the CCCTB Alleviate Tax Discrimination against Loss-Making European Multinational Groups? <i>Journal of Business Economics</i>, <i>86</i>(5), 441–475. <a href=\"https://doi.org/10.1007/s11573-015-0780-6\">https://doi.org/10.1007/s11573-015-0780-6</a>","ieee":"R. Ortmann and C. Sureth-Sloane, “Can the CCCTB Alleviate Tax Discrimination against Loss-Making European Multinational Groups?,” <i>Journal of Business Economics</i>, vol. 86, no. 5, pp. 441–475, 2016.","short":"R. Ortmann, C. Sureth-Sloane, Journal of Business Economics 86 (2016) 441–475.","chicago":"Ortmann, Regina, and Caren Sureth-Sloane. “Can the CCCTB Alleviate Tax Discrimination against Loss-Making European Multinational Groups?” <i>Journal of Business Economics</i> 86, no. 5 (2016): 441–75. <a href=\"https://doi.org/10.1007/s11573-015-0780-6\">https://doi.org/10.1007/s11573-015-0780-6</a>."},"publication":"Journal of Business Economics","issue":"5","_id":"4739","language":[{"iso":"eng"}],"page":"441-475","volume":86,"user_id":"21222","doi":"10.1007/s11573-015-0780-6","author":[{"id":"10020","full_name":"Ortmann, Regina","first_name":"Regina","last_name":"Ortmann"},{"id":"530","full_name":"Sureth-Sloane, Caren","first_name":"Caren","last_name":"Sureth-Sloane"}],"title":"Can the CCCTB Alleviate Tax Discrimination against Loss-Making European Multinational Groups?","year":"2016","status":"public","article_type":"original","intvolume":"        86","date_updated":"2022-01-06T07:01:20Z"},{"has_accepted_license":"1","intvolume":"       206","date_updated":"2022-01-06T07:01:35Z","author":[{"full_name":"Alberternst, Stephan","first_name":"Stephan","last_name":"Alberternst"},{"full_name":"Sureth-Sloane, Caren","last_name":"Sureth-Sloane","first_name":"Caren","id":"530"}],"title":"Interest Barrier and Capital Structure Response","year":"2016","status":"public","volume":206,"user_id":"61801","ddc":["330"],"_id":"5022","language":[{"iso":"eng"}],"series_title":"arqus, Quantitative Research in Taxation","abstract":[{"lang":"eng","text":"The Organisation for Economic Co-Operation and Development (OECD) recently proposed\r\nan interest barrier to fight tax base erosion and profit shifting (BEPS). We use the introduction\r\nof such an interest deductibility restriction in Germany as a quasi-experiment and find significant\r\ncorporate capital structure responses. Using single entity financial statements and a detailed matching\r\napproach, we find evidence that companies that are affected by the interest barrier reduce their\r\nleverage by 4.7 percentage points more than non-affected companies. The effects are stronger among\r\nnon-financially constrained firms. Our results imply that interest barrier effects on capital structure\r\nhave so far been heavily underestimated."}],"citation":{"ama":"Alberternst S, Sureth-Sloane C. <i>Interest Barrier and Capital Structure Response</i>. Vol 206.; 2016.","short":"S. Alberternst, C. Sureth-Sloane, Interest Barrier and Capital Structure Response, 2016.","chicago":"Alberternst, Stephan, and Caren Sureth-Sloane. <i>Interest Barrier and Capital Structure Response</i>. Vol. 206. Arqus, Quantitative Research in Taxation, 2016.","bibtex":"@book{Alberternst_Sureth-Sloane_2016, series={arqus, Quantitative Research in Taxation}, title={Interest Barrier and Capital Structure Response}, volume={206}, author={Alberternst, Stephan and Sureth-Sloane, Caren}, year={2016}, collection={arqus, Quantitative Research in Taxation} }","mla":"Alberternst, Stephan, and Caren Sureth-Sloane. <i>Interest Barrier and Capital Structure Response</i>. Vol. 206, 2016.","apa":"Alberternst, S., &#38; Sureth-Sloane, C. (2016). <i>Interest Barrier and Capital Structure Response</i> (Vol. 206).","ieee":"S. Alberternst and C. Sureth-Sloane, <i>Interest Barrier and Capital Structure Response</i>, vol. 206. 2016."},"file_date_updated":"2020-09-24T12:41:51Z","department":[{"_id":"187"},{"_id":"635"}],"type":"working_paper","date_created":"2018-10-30T13:11:31Z","file":[{"content_type":"application/pdf","success":1,"file_id":"19655","date_updated":"2020-09-24T12:41:51Z","relation":"main_file","file_size":940451,"access_level":"closed","file_name":"arqus_206.pdf","date_created":"2020-09-24T12:41:51Z","creator":"llennard"}]},{"type":"working_paper","department":[{"_id":"187"},{"_id":"635"}],"date_created":"2018-10-15T12:54:30Z","citation":{"mla":"Niemann, Rainer, and Caren Sureth-Sloane. <i>Investment Effects of Wealth Taxes under Uncertainty and Irreversibility</i>. Vol. 209, 2015.","bibtex":"@book{Niemann_Sureth-Sloane_2015, series={arqus, Quantitative Research in Taxation}, title={Investment Effects of Wealth Taxes under Uncertainty and Irreversibility}, volume={209}, author={Niemann, Rainer and Sureth-Sloane, Caren}, year={2015}, collection={arqus, Quantitative Research in Taxation} }","ama":"Niemann R, Sureth-Sloane C. <i>Investment Effects of Wealth Taxes under Uncertainty and Irreversibility</i>. Vol 209.; 2015.","ieee":"R. Niemann and C. Sureth-Sloane, <i>Investment Effects of Wealth Taxes under Uncertainty and Irreversibility</i>, vol. 209. 2015.","apa":"Niemann, R., &#38; Sureth-Sloane, C. (2015). <i>Investment Effects of Wealth Taxes under Uncertainty and Irreversibility</i> (Vol. 209).","chicago":"Niemann, Rainer, and Caren Sureth-Sloane. <i>Investment Effects of Wealth Taxes under Uncertainty and Irreversibility</i>. Vol. 209. Arqus, Quantitative Research in Taxation, 2015.","short":"R. Niemann, C. Sureth-Sloane, Investment Effects of Wealth Taxes under Uncertainty and Irreversibility, 2015."},"user_id":"61801","volume":209,"language":[{"iso":"eng"}],"_id":"4757","series_title":"arqus, Quantitative Research in Taxation","date_updated":"2022-01-06T07:01:21Z","intvolume":"       209","title":"Investment Effects of Wealth Taxes under Uncertainty and Irreversibility","year":"2015","status":"public","author":[{"first_name":"Rainer","last_name":"Niemann","full_name":"Niemann, Rainer"},{"first_name":"Caren","last_name":"Sureth-Sloane","full_name":"Sureth-Sloane, Caren","id":"530"}]},{"department":[{"_id":"187"}],"type":"working_paper","date_created":"2018-10-15T12:58:47Z","citation":{"mla":"Hegemann, Annika, et al. <i>Hold or Sell? How Capital Gains Taxation Affects Holding Decisions</i>. Vol. 183, 2015.","ama":"Hegemann A, Kunoth A, Rupp K, Sureth-Sloane C. <i>Hold or Sell? How Capital Gains Taxation Affects Holding Decisions</i>. Vol 183.; 2015.","bibtex":"@book{Hegemann_Kunoth_Rupp_Sureth-Sloane_2015, series={arqus, Quantitative Research in Taxation}, title={Hold or Sell? How Capital Gains Taxation Affects Holding Decisions}, volume={183}, author={Hegemann, Annika and Kunoth, Angela and Rupp, Kristina and Sureth-Sloane, Caren}, year={2015}, collection={arqus, Quantitative Research in Taxation} }","apa":"Hegemann, A., Kunoth, A., Rupp, K., &#38; Sureth-Sloane, C. (2015). <i>Hold or Sell? How Capital Gains Taxation Affects Holding Decisions</i> (Vol. 183).","ieee":"A. Hegemann, A. Kunoth, K. Rupp, and C. Sureth-Sloane, <i>Hold or Sell? How Capital Gains Taxation Affects Holding Decisions</i>, vol. 183. 2015.","chicago":"Hegemann, Annika, Angela Kunoth, Kristina Rupp, and Caren Sureth-Sloane. <i>Hold or Sell? How Capital Gains Taxation Affects Holding Decisions</i>. Vol. 183. Arqus, Quantitative Research in Taxation, 2015.","short":"A. Hegemann, A. Kunoth, K. Rupp, C. Sureth-Sloane, Hold or Sell? How Capital Gains Taxation Affects Holding Decisions, 2015."},"volume":183,"user_id":"21222","_id":"4758","language":[{"iso":"eng"}],"series_title":"arqus, Quantitative Research in Taxation","intvolume":"       183","date_updated":"2022-01-06T07:01:21Z","author":[{"full_name":"Hegemann, Annika","last_name":"Hegemann","first_name":"Annika"},{"first_name":"Angela","last_name":"Kunoth","full_name":"Kunoth, Angela"},{"last_name":"Rupp","first_name":"Kristina","full_name":"Rupp, Kristina"},{"id":"530","full_name":"Sureth-Sloane, Caren","first_name":"Caren","last_name":"Sureth-Sloane"}],"year":"2015","status":"public","title":"Hold or Sell? How Capital Gains Taxation Affects Holding Decisions"}]