[{"_id":"4743","language":[{"iso":"ger"}],"page":"569-575","volume":71,"user_id":"36049","author":[{"id":"46447","first_name":"Sönke","last_name":"Sievers","full_name":"Sievers, Sönke"},{"id":"530","orcid":" 0000-0002-8183-5901","first_name":"Caren","last_name":"Sureth-Sloane","full_name":"Sureth-Sloane, Caren"},{"id":"36049","orcid":"https://orcid.org/0000-0002-8058-8857","last_name":"Uhde","first_name":"André","full_name":"Uhde, André"}],"title":"Restrukturierungen: operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp","year":"2018","status":"public","intvolume":"        71","date_updated":"2026-06-03T09:47:03Z","date_created":"2018-10-15T10:42:21Z","department":[{"_id":"187"},{"_id":"275"},{"_id":"188"},{"_id":"635"},{"_id":"186"}],"type":"journal_article","citation":{"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.","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} }","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.","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.","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.","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."},"issue":"9","publication":"Die Wirtschaftsprüfung","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."}],"quality_controlled":"1"},{"user_id":"68607","volume":70,"page":"1026-1033","_id":"2241","publisher":"IDW","status":"public","project":[{"grant_number":"P01","_id":"37","name":"Der Einfluss von steuerlicher Regulierung auf multinationale Unternehmen"}],"citation":{"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.","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.","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} }","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.","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.","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."},"language":[{"iso":"ger"}],"publication_status":"published","date_updated":"2022-01-06T06:55:32Z","article_type":"original","intvolume":"        70","title":"Warum ist unser Steuersystem so komplex? Eine befragungsbasierte Analyse","year":"2017","author":[{"full_name":"Hoppe, Thomas","first_name":"Thomas","last_name":"Hoppe","id":"22671"},{"full_name":"Schanz, Deborah","first_name":"Deborah","last_name":"Schanz"},{"last_name":"Sturm","first_name":"Susann","full_name":"Sturm, Susann"},{"id":"530","full_name":"Sureth-Sloane, Caren","first_name":"Caren","last_name":"Sureth-Sloane"}],"type":"journal_article","keyword":["Steuersystem","Komplexität","Steuergesetz","Steuerliche Rahmenbedingungen","BEPS"],"department":[{"_id":"187"},{"_id":"635"}],"date_created":"2018-04-06T07:27:32Z","abstract":[{"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.","lang":"ger"}],"issue":"17","publication":"Die Wirtschaftsprüfung"},{"oa":"1","project":[{"_id":"37","grant_number":"P01","name":"Der Einfluss von steuerlicher Regulierung auf multinationale Unternehmen"}],"citation":{"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.","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.","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} }","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>."},"file_date_updated":"2018-04-06T07:40:03Z","user_id":"68607","ddc":["330"],"urn":"22477","_id":"2247","page":"27","has_accepted_license":"1","status":"public","department":[{"_id":"187"},{"_id":"635"}],"type":"report","date_created":"2018-04-06T07:40:18Z","file":[{"file_name":"Hoppe Schanz Sturm Sureth-Sloane 2017.pdf","file_size":4020983,"access_level":"open_access","relation":"main_file","date_updated":"2018-04-06T07:40:03Z","file_id":"2248","content_type":"application/pdf","creator":"hoppet","date_created":"2018-04-06T07:40:03Z"}],"doi":"10.13140/RG.2.2.23707.46881","language":[{"iso":"eng"}],"main_file_link":[{"url":"www.taxcomplexity.org","open_access":"1"}],"date_updated":"2022-01-06T06:55:33Z","author":[{"full_name":"Hoppe, Thomas","last_name":"Hoppe","first_name":"Thomas","id":"22671"},{"full_name":"Schanz, Deborah","last_name":"Schanz","first_name":"Deborah"},{"first_name":"Susann","last_name":"Sturm","full_name":"Sturm, Susann"},{"id":"530","first_name":"Caren","last_name":"Sureth-Sloane","full_name":"Sureth-Sloane, Caren"}],"title":"2016 Global MNC Tax Complexity Survey - Executive Summary","year":"2017"},{"publication_identifier":{"issn":["1556-5068"]},"author":[{"id":"22671","first_name":"Thomas","last_name":"Hoppe","full_name":"Hoppe, Thomas"},{"full_name":"Schanz, Deborah","last_name":"Schanz","first_name":"Deborah"},{"full_name":"Sturm, Susann","last_name":"Sturm","first_name":"Susann"},{"id":"530","first_name":"Caren","last_name":"Sureth-Sloane","full_name":"Sureth-Sloane, Caren"}],"title":"What are the Drivers of Tax Complexity for Multinational Corporations? Evidence from 108 Countries","year":"2017","date_updated":"2022-01-06T06:55:34Z","language":[{"iso":"eng"}],"main_file_link":[{"open_access":"1","url":"https://ssrn.com/abstract=3046546"}],"doi":"10.2139/ssrn.3046546","abstract":[{"lang":"eng","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."}],"date_created":"2018-04-06T07:44:59Z","file":[{"date_created":"2018-04-06T07:48:31Z","creator":"hoppet","file_id":"2253","content_type":"application/pdf","success":1,"relation":"main_file","date_updated":"2018-04-06T07:48:31Z","file_name":"Hoppe Schanz Sturm Sureth-Sloane 2017.pdf","access_level":"closed","file_size":1077359}],"department":[{"_id":"187"},{"_id":"635"}],"keyword":["Complexity Drivers","International Comparison","Survey","Tax Complexity","Tax Practitioners"],"type":"working_paper","jel":["H20","H25","C83","O57"],"status":"public","has_accepted_license":"1","_id":"2250","page":"28","ddc":["330"],"user_id":"68607","citation":{"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.","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>","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>.","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.","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>.","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} }","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>"},"file_date_updated":"2018-04-06T07:48:31Z","project":[{"_id":"37","grant_number":"P01","name":"Der Einfluss von steuerlicher Regulierung auf multinationale Unternehmen"}],"oa":"1"},{"type":"working_paper","department":[{"_id":"187"},{"_id":"189"},{"_id":"551"},{"_id":"635"}],"date_created":"2018-10-12T08:35:31Z","citation":{"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>.","short":"V. Flagmeier, J. Müller, C. Sureth-Sloane, When Do Managers Highlight Their Effective Tax Rate?, 2017.","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.","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} }","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>."},"user_id":"68607","doi":"arqus Working Paper No. 214","volume":214,"_id":"4702","language":[{"iso":"eng"}],"series_title":"arqus Working Paper","date_updated":"2022-01-06T07:01:19Z","intvolume":"       214","title":"When Do Managers Highlight Their Effective Tax Rate?","year":"2017","status":"public","author":[{"first_name":"Vanessa","last_name":"Flagmeier","full_name":"Flagmeier, Vanessa","id":"8084"},{"id":"1245","full_name":"Müller, Jens","first_name":"Jens","last_name":"Müller"},{"id":"530","full_name":"Sureth-Sloane, Caren","first_name":"Caren","last_name":"Sureth-Sloane"}]},{"citation":{"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>.","short":"A. Mehrmann, C. Sureth-Sloane, Tax Loss Offset Restrictions and Biased Perception of Risky Investments, 2017.","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.","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} }","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>."},"department":[{"_id":"187"},{"_id":"635"}],"type":"working_paper","date_created":"2018-10-12T08:40:30Z","intvolume":"       222","date_updated":"2022-01-06T07:01:19Z","author":[{"id":"4324","first_name":"Annika","last_name":"Mehrmann","full_name":"Mehrmann, Annika"},{"id":"530","last_name":"Sureth-Sloane","first_name":"Caren","full_name":"Sureth-Sloane, Caren"}],"year":"2017","title":"Tax Loss Offset Restrictions and Biased Perception of Risky Investments","status":"public","volume":222,"user_id":"68607","doi":"arqus Working Paper No. 222","_id":"4712","language":[{"iso":"eng"}],"series_title":"arqus Working Paper Series"},{"date_updated":"2023-12-18T13:30:51Z","publication_status":"published","intvolume":"        92","article_type":"original","status":"public","year":"2017","title":"Discretionary aggregation","author":[{"id":"42419","first_name":"Michael","last_name":"Ebert","full_name":"Ebert, Michael"},{"full_name":"Simons, Dirk","first_name":"Dirk","last_name":"Simons"},{"first_name":"Jack D","last_name":"Stecher","full_name":"Stecher, Jack D"}],"user_id":"42419","volume":92,"page":"73--91","language":[{"iso":"eng"}],"_id":"4774","publication":"The Accounting Review","issue":"1","citation":{"ieee":"M. Ebert, D. Simons, and J. D. Stecher, “Discretionary aggregation,” <i>The Accounting Review</i>, vol. 92, no. 1, pp. 73--91, 2017.","apa":"Ebert, M., Simons, D., &#38; Stecher, J. D. (2017). Discretionary aggregation. <i>The Accounting Review</i>, <i>92</i>(1), 73--91.","chicago":"Ebert, Michael, Dirk Simons, and Jack D Stecher. “Discretionary Aggregation.” <i>The Accounting Review</i> 92, no. 1 (2017): 73--91.","short":"M. Ebert, D. Simons, J.D. Stecher, The Accounting Review 92 (2017) 73--91.","mla":"Ebert, Michael, et al. “Discretionary Aggregation.” <i>The Accounting Review</i>, vol. 92, no. 1, 2017, pp. 73--91.","bibtex":"@article{Ebert_Simons_Stecher_2017, title={Discretionary aggregation}, volume={92}, number={1}, journal={The Accounting Review}, author={Ebert, Michael and Simons, Dirk and Stecher, Jack D}, year={2017}, pages={73--91} }","ama":"Ebert M, Simons D, Stecher JD. Discretionary aggregation. <i>The Accounting Review</i>. 2017;92(1):73--91."},"type":"journal_article","department":[{"_id":"190"},{"_id":"186"},{"_id":"635"}],"date_created":"2018-10-18T10:51:56Z"},{"status":"public","_id":"4703","page":"571-603","volume":11,"user_id":"74000","citation":{"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} }","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>.","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>.","short":"A. Hegemann, A. Kunoth, K. Rupp, C. Sureth-Sloane, Review of Managerial Science 11 (2017) 571–603.","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>."},"quality_controlled":"1","oa":"1","author":[{"first_name":"Annika","last_name":"Hegemann","full_name":"Hegemann, Annika"},{"full_name":"Kunoth, Angela","last_name":"Kunoth","first_name":"Angela"},{"full_name":"Rupp, Kristina","last_name":"Rupp","first_name":"Kristina"},{"first_name":"Caren","orcid":" 0000-0002-8183-5901","last_name":"Sureth-Sloane","full_name":"Sureth-Sloane, Caren","id":"530"}],"year":"2017","title":"Hold or Sell? How Capital Gains Taxation Affects Holding Decisions","intvolume":"        11","date_updated":"2024-01-30T12:43:17Z","language":[{"iso":"eng"}],"main_file_link":[{"open_access":"1"}],"doi":"10.1007/s11846-016-0197-9 ","issue":"3","publication":"Review of Managerial Science","abstract":[{"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.","lang":"eng"}],"date_created":"2018-10-12T08:38:21Z","department":[{"_id":"187"},{"_id":"635"}],"type":"journal_article"},{"author":[{"full_name":"Valentincic, Aljosa","first_name":"Aljosa","last_name":"Valentincic"},{"last_name":"Novak","first_name":"Ales","full_name":"Novak, Ales"},{"id":"54068","first_name":"Urska","last_name":"Kosi","full_name":"Kosi, Urska"}],"year":"2017","title":"Accounting quality in private firms during the transition towards international standards","intvolume":"        14","publication_status":"published","date_updated":"2023-01-24T15:34:31Z","language":[{"iso":"eng"}],"doi":"10.1080/17449480.2017.1378821","publication":"Accounting in Europe","issue":"3","abstract":[{"lang":"eng","text":"We study the historical development of Slovenian Accounting Standards (SAS) and their association with accounting quality (AQ). We focus on private firms where the financial reporting process is characterised by low demand for high-quality reporting. We investigate three distinct editions of SAS since 1994 and test how their development towards international standards is related to AQ. Aggregate earnings management measures indicate that the use of accounting discretion decreases with less earnings smoothing over time. The main features of AQ have been consistent throughout historical development. Asymmetric timeliness of earnings, the ability of earnings to predict future cash flows, and the ability of accruals to mitigate mismatching are all present throughout. We also document typical departures from properties of high AQ. For example, accruals do not (always) facilitate timely recognition of losses. However, these can be attributed to the overwhelming influence of reporting incentives (e.g. taxation, debt, size) rather than to the (lower) quality of accounting standards.\r\n\r\n\r\n     \r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n \r\n\r\n\r\n\r\n Full Article  \r\n  Figures & data  \r\n References \r\n  Citations  \r\n \r\n Metrics \r\n  Reprints & Permissions \r\n  PDF \r\n \r\n \r\n\r\n\r\n\r\n\r\nAbstract\r\n\r\n\r\nWe study the historical development of Slovenian Accounting Standards (SAS) and their association with accounting quality (AQ). We focus on private firms where the financial reporting process is characterised by low demand for high-quality reporting. We investigate three distinct editions of SAS since 1994 and test how their development towards international standards is related to AQ. Aggregate earnings management measures indicate that the use of accounting discretion decreases with less earnings smoothing over time. The main features of AQ have been consistent throughout historical development. Asymmetric timeliness of earnings, the ability of earnings to predict future cash flows, and the ability of accruals to mitigate mismatching are all present throughout. We also document typical departures from properties of high AQ. For example, accruals do not (always) facilitate timely recognition of losses. However, these can be attributed to the overwhelming influence of reporting incentives (e.g. taxation, debt, size) rather than to the (lower) quality of accounting standards."}],"date_created":"2018-07-11T08:57:03Z","department":[{"_id":"551"},{"_id":"635"},{"_id":"186"}],"keyword":["private firms","accounting quality","development of accounting standards","IFRS-like standards","Slovenia"],"type":"journal_article","jel":["M41","C23","L21","P20"],"status":"public","_id":"3542","page":"358-387","volume":14,"user_id":"54068","citation":{"bibtex":"@article{Valentincic_Novak_Kosi_2017, title={Accounting quality in private firms during the transition towards international standards}, volume={14}, DOI={<a href=\"https://doi.org/10.1080/17449480.2017.1378821\">10.1080/17449480.2017.1378821</a>}, number={3}, journal={Accounting in Europe}, author={Valentincic, Aljosa and Novak, Ales and Kosi, Urska}, year={2017}, pages={358–387} }","ama":"Valentincic A, Novak A, Kosi U. Accounting quality in private firms during the transition towards international standards. <i>Accounting in Europe</i>. 2017;14(3):358-387. doi:<a href=\"https://doi.org/10.1080/17449480.2017.1378821\">10.1080/17449480.2017.1378821</a>","mla":"Valentincic, Aljosa, et al. “Accounting Quality in Private Firms during the Transition towards International Standards.” <i>Accounting in Europe</i>, vol. 14, no. 3, 2017, pp. 358–87, doi:<a href=\"https://doi.org/10.1080/17449480.2017.1378821\">10.1080/17449480.2017.1378821</a>.","short":"A. Valentincic, A. Novak, U. Kosi, Accounting in Europe 14 (2017) 358–387.","chicago":"Valentincic, Aljosa, Ales Novak, and Urska Kosi. “Accounting Quality in Private Firms during the Transition towards International Standards.” <i>Accounting in Europe</i> 14, no. 3 (2017): 358–87. <a href=\"https://doi.org/10.1080/17449480.2017.1378821\">https://doi.org/10.1080/17449480.2017.1378821</a>.","ieee":"A. Valentincic, A. Novak, and U. Kosi, “Accounting quality in private firms during the transition towards international standards,” <i>Accounting in Europe</i>, vol. 14, no. 3, pp. 358–387, 2017, doi: <a href=\"https://doi.org/10.1080/17449480.2017.1378821\">10.1080/17449480.2017.1378821</a>.","apa":"Valentincic, A., Novak, A., &#38; Kosi, U. (2017). Accounting quality in private firms during the transition towards international standards. <i>Accounting in Europe</i>, <i>14</i>(3), 358–387. <a href=\"https://doi.org/10.1080/17449480.2017.1378821\">https://doi.org/10.1080/17449480.2017.1378821</a>"}},{"citation":{"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>.","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>","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>.","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} }","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>"},"issue":"3","publication":"European Accounting Review","abstract":[{"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.","lang":"eng"}],"quality_controlled":"1","date_created":"2018-10-12T08:27:42Z","department":[{"_id":"187"},{"_id":"635"}],"type":"journal_article","author":[{"last_name":"Diller","first_name":"Markus","full_name":"Diller, Markus"},{"first_name":"Pia","last_name":"Kortebusch","full_name":"Kortebusch, Pia"},{"last_name":"Schneider","first_name":"Georg","full_name":"Schneider, Georg"},{"id":"530","full_name":"Sureth-Sloane, Caren","orcid":" 0000-0002-8183-5901","first_name":"Caren","last_name":"Sureth-Sloane"}],"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"},{"department":[{"_id":"187"},{"_id":"635"}],"type":"journal_article","date_created":"2018-10-30T12:44:44Z","abstract":[{"text":"This paper studies the impact of personal and corporate income taxation on capital charge rates in a delegation setting with a risk-averse manager. If the investment level influences the riskiness of the investment project, the capital charge rate deviates from the firm's cost of capital and depends crucially on the manager's personal income tax rate. Contradicting conventional wisdom, we find that a higher personal income tax rate induces higher investment expenditures and, surprisingly, increases the capital charge rate. The countervailing effect that a higher capital charge rate induces higher and not lower investment expenditures persists for pre-tax and after-tax performance measures as well as when the tax deductibility of managerial compensation is limited. Corporate income tax causes a similar effect only in the case of limited tax deductibility of compensation. Our insights remain valid regardless of the financing structure and the risk attitude of the investors.","lang":"eng"}],"publication":"European Accounting Review","issue":"3","doi":"10.1080/09638180.2016.1169938","language":[{"iso":"eng"}],"intvolume":"        26","date_updated":"2026-04-09T09:11:35Z","publication_status":"published","author":[{"last_name":"Bauer","first_name":"Thomas","full_name":"Bauer, Thomas"},{"id":"66936","first_name":"Thomas","last_name":"Kourouxous","full_name":"Kourouxous, Thomas"}],"publication_identifier":{"issn":["0963-8180","1468-4497"]},"title":"Capital Charge Rates, Investment Incentives and Taxation","year":"2017","quality_controlled":"1","citation":{"chicago":"Bauer, Thomas, and Thomas Kourouxous. “Capital Charge Rates, Investment Incentives and Taxation.” <i>European Accounting Review</i> 26, no. 3 (2017): 419–40. <a href=\"https://doi.org/10.1080/09638180.2016.1169938\">https://doi.org/10.1080/09638180.2016.1169938</a>.","short":"T. Bauer, T. Kourouxous, European Accounting Review 26 (2017) 419–440.","apa":"Bauer, T., &#38; Kourouxous, T. (2017). Capital Charge Rates, Investment Incentives and Taxation. <i>European Accounting Review</i>, <i>26</i>(3), 419–440. <a href=\"https://doi.org/10.1080/09638180.2016.1169938\">https://doi.org/10.1080/09638180.2016.1169938</a>","ieee":"T. Bauer and T. Kourouxous, “Capital Charge Rates, Investment Incentives and Taxation,” <i>European Accounting Review</i>, vol. 26, no. 3, pp. 419–440, 2017, doi: <a href=\"https://doi.org/10.1080/09638180.2016.1169938\">10.1080/09638180.2016.1169938</a>.","ama":"Bauer T, Kourouxous T. Capital Charge Rates, Investment Incentives and Taxation. <i>European Accounting Review</i>. 2017;26(3):419-440. doi:<a href=\"https://doi.org/10.1080/09638180.2016.1169938\">10.1080/09638180.2016.1169938</a>","bibtex":"@article{Bauer_Kourouxous_2017, title={Capital Charge Rates, Investment Incentives and Taxation}, volume={26}, DOI={<a href=\"https://doi.org/10.1080/09638180.2016.1169938\">10.1080/09638180.2016.1169938</a>}, number={3}, journal={European Accounting Review}, publisher={Informa UK Limited}, author={Bauer, Thomas and Kourouxous, Thomas}, year={2017}, pages={419–440} }","mla":"Bauer, Thomas, and Thomas Kourouxous. “Capital Charge Rates, Investment Incentives and Taxation.” <i>European Accounting Review</i>, vol. 26, no. 3, Informa UK Limited, 2017, pp. 419–40, doi:<a href=\"https://doi.org/10.1080/09638180.2016.1169938\">10.1080/09638180.2016.1169938</a>."},"volume":26,"user_id":"96670","_id":"5014","publisher":"Informa UK Limited","page":"419-440","status":"public"},{"page":"3-45","_id":"1771","publisher":"Springer Nature","user_id":"61801","volume":68,"status":"public","jel":["H21","H24","H25","C54"],"oa":"1","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","main_file_link":[{"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","open_access":"1"}],"language":[{"iso":"ger"}],"doi":"10.1007/s41471-016-0005-x","title":"Eigenkapitalverzehr und Substanzbesteuerung deutscher Unternehmen durch eine Vermögensteuer – eine empirische Analyse","year":"2016","publication_identifier":{"issn":["0341-2687","2366-6153"]},"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","last_name":"Sureth-Sloane","first_name":"Caren","full_name":"Sureth-Sloane, Caren"}],"publication_status":"published","date_updated":"2022-01-06T06:53:17Z","article_type":"original","intvolume":"        68","date_created":"2018-03-23T14:04:24Z","type":"journal_article","keyword":["Steuerbelastung","Substanzbesteuerung","Ungleiche Vermögensverteilung","Veranlagungssimulation","Vermögensteuer"],"department":[{"_id":"187"},{"_id":"635"}],"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."},{"lang":"eng","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."}]},{"date_created":"2018-10-12T08:50:20Z","type":"book","department":[{"_id":"187"},{"_id":"635"}],"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.","short":"R. König, C. Sureth-Sloane, Besteuerung und Rechtsformwahl, 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.","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."},"_id":"4714","publisher":"Verlag Neue Wirtschafts-Briefe, Herne","edition":"7","language":[{"iso":"ger"}],"user_id":"61801","year":"2016","title":"Besteuerung und Rechtsformwahl","status":"public","author":[{"last_name":"König","first_name":"Rolf","full_name":"König, Rolf"},{"id":"530","first_name":"Caren","last_name":"Sureth-Sloane","full_name":"Sureth-Sloane, Caren"}],"date_updated":"2022-01-06T07:01:19Z"},{"author":[{"last_name":"Alberternst","first_name":"Stephan","full_name":"Alberternst, Stephan"},{"full_name":"Sureth-Sloane, Caren","last_name":"Sureth-Sloane","first_name":"Caren","id":"530"}],"year":"2016","title":"Interest Barrier and Capital Structure Response","status":"public","has_accepted_license":"1","intvolume":"       206","date_updated":"2022-01-06T07:01:35Z","_id":"5022","series_title":"arqus, Quantitative Research in Taxation","language":[{"iso":"eng"}],"volume":206,"user_id":"61801","ddc":["330"],"citation":{"apa":"Alberternst, S., &#38; Sureth-Sloane, C. (2016). <i>Interest Barrier and Capital Structure Response</i> (Vol. 206).","mla":"Alberternst, Stephan, and Caren Sureth-Sloane. <i>Interest Barrier and Capital Structure Response</i>. Vol. 206, 2016.","ieee":"S. Alberternst and C. Sureth-Sloane, <i>Interest Barrier and Capital Structure Response</i>, vol. 206. 2016.","chicago":"Alberternst, Stephan, and Caren Sureth-Sloane. <i>Interest Barrier and Capital Structure Response</i>. Vol. 206. Arqus, Quantitative Research in Taxation, 2016.","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.","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} }"},"file_date_updated":"2020-09-24T12:41:51Z","abstract":[{"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.","lang":"eng"}],"date_created":"2018-10-30T13:11:31Z","file":[{"success":1,"content_type":"application/pdf","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"}],"department":[{"_id":"187"},{"_id":"635"}],"type":"working_paper"},{"citation":{"apa":"Florou, A., Kosi, U., &#38; Pope, P. F. (2016). Are international accounting standards more credit relevant than domestic standards? <i>Accounting and Business Research</i>, <i>47</i>(1), 1–29. <a href=\"https://doi.org/10.1080/00014788.2016.1224968\">https://doi.org/10.1080/00014788.2016.1224968</a>","ieee":"A. Florou, U. Kosi, and P. F. Pope, “Are international accounting standards more credit relevant than domestic standards?,” <i>Accounting and Business Research</i>, vol. 47, no. 1, pp. 1–29, 2016, doi: <a href=\"https://doi.org/10.1080/00014788.2016.1224968\">10.1080/00014788.2016.1224968</a>.","chicago":"Florou, Annita, Urska Kosi, and Peter F Pope. “Are International Accounting Standards More Credit Relevant than Domestic Standards?” <i>Accounting and Business Research</i> 47, no. 1 (2016): 1–29. <a href=\"https://doi.org/10.1080/00014788.2016.1224968\">https://doi.org/10.1080/00014788.2016.1224968</a>.","short":"A. Florou, U. Kosi, P.F. Pope, Accounting and Business Research 47 (2016) 1–29.","mla":"Florou, Annita, et al. “Are International Accounting Standards More Credit Relevant than Domestic Standards?” <i>Accounting and Business Research</i>, vol. 47, no. 1, 2016, pp. 1–29, doi:<a href=\"https://doi.org/10.1080/00014788.2016.1224968\">10.1080/00014788.2016.1224968</a>.","ama":"Florou A, Kosi U, Pope PF. Are international accounting standards more credit relevant than domestic standards? <i>Accounting and Business Research</i>. 2016;47(1):1-29. doi:<a href=\"https://doi.org/10.1080/00014788.2016.1224968\">10.1080/00014788.2016.1224968</a>","bibtex":"@article{Florou_Kosi_Pope_2016, title={Are international accounting standards more credit relevant than domestic standards?}, volume={47}, DOI={<a href=\"https://doi.org/10.1080/00014788.2016.1224968\">10.1080/00014788.2016.1224968</a>}, number={1}, journal={Accounting and Business Research}, author={Florou, Annita and Kosi, Urska and Pope, Peter F}, year={2016}, pages={1–29} }"},"jel":["G15","G33","K20","M41","M48"],"status":"public","_id":"4034","page":"1-29","volume":47,"user_id":"54068","publication":"Accounting and Business Research","issue":"1","abstract":[{"text":"We examine whether the credit relevance of financial statements, defined as the ability of accounting numbers to explain credit ratings, is higher after firms are required to report under International Financial Reporting Standards (IFRS). We find an improvement in credit relevance for firms in 17 countries after mandatory IFRS reporting is introduced in 2005; this increase is higher than that reported for a matched sample of US firms. The increase in credit relevance is particularly pronounced for higher risk speculative-grade issuers, where accounting information is predicted to be more important; and for IFRS adopters with large first-time reconciliations, where the impact of IFRS is expected to be greater. These tests provide reassurance that the overall enhancement in estimated credit relevance is driven by accounting changes related to IFRS adoption. Our results suggest that credit rating analysts’ views of economic fundamentals are more closely aligned with IFRS numbers, and that analysts anticipate at least some of the effects of the IFRS transition.","lang":"eng"}],"date_created":"2018-08-22T07:16:25Z","department":[{"_id":"551"},{"_id":"635"},{"_id":"186"}],"keyword":["IFRS","debt markets","credit ratings","credit relevance"],"type":"journal_article","author":[{"first_name":"Annita","last_name":"Florou","full_name":"Florou, Annita"},{"first_name":"Urska","last_name":"Kosi","full_name":"Kosi, Urska","id":"54068"},{"full_name":"Pope, Peter F","last_name":"Pope","first_name":"Peter F"}],"year":"2016","title":"Are international accounting standards more credit relevant than domestic standards?","intvolume":"        47","publication_status":"published","date_updated":"2023-01-18T13:41:47Z","language":[{"iso":"eng"}],"doi":"10.1080/00014788.2016.1224968"},{"citation":{"ama":"Valentincic A, Novak A, Kosi U. Accounting quality in private firms during the transition to international standards. In: ; 2016.","bibtex":"@inproceedings{Valentincic_Novak_Kosi_2016, title={Accounting quality in private firms during the transition to international standards}, author={Valentincic, Aljosa and Novak, Ales and Kosi, Urska}, year={2016} }","mla":"Valentincic, Aljosa, et al. <i>Accounting Quality in Private Firms during the Transition to International Standards</i>. 2016.","short":"A. Valentincic, A. Novak, U. Kosi, in: 2016.","chicago":"Valentincic, Aljosa, Ales Novak, and Urska Kosi. “Accounting Quality in Private Firms during the Transition to International Standards,” 2016.","apa":"Valentincic, A., Novak, A., &#38; Kosi, U. (2016). <i>Accounting quality in private firms during the transition to international standards</i>. 7th Workshop on Accounting and Regulation, Siena, Italy.","ieee":"A. Valentincic, A. Novak, and U. Kosi, “Accounting quality in private firms during the transition to international standards,” presented at the 7th Workshop on Accounting and Regulation, Siena, Italy, 2016."},"type":"conference","department":[{"_id":"635"},{"_id":"186"},{"_id":"551"}],"date_created":"2023-01-17T13:04:16Z","date_updated":"2023-01-18T14:02:03Z","year":"2016","title":"Accounting quality in private firms during the transition to international standards","status":"public","conference":{"end_date":"2016-07-09","location":"Siena, Italy","start_date":"2016-07-07","name":"7th Workshop on Accounting and Regulation"},"author":[{"first_name":"Aljosa","last_name":"Valentincic","full_name":"Valentincic, Aljosa"},{"full_name":"Novak, Ales","first_name":"Ales","last_name":"Novak"},{"first_name":"Urska","last_name":"Kosi","full_name":"Kosi, Urska","id":"54068"}],"user_id":"88603","_id":"37098","language":[{"iso":"eng"}]},{"file_date_updated":"2020-08-14T08:06:12Z","citation":{"ama":"Ortmann R. <i>Uncertainty in Weighting Formulary Apportionment Factors. How Does Weighting Uncertainty Impact After-Tax Income of Multinational Groups?,</i>. Vol 2015-10.; 2015.","bibtex":"@book{Ortmann_2015, series={WU Working Paper Series}, title={Uncertainty in Weighting Formulary Apportionment Factors. How Does Weighting Uncertainty Impact After-Tax Income of Multinational Groups?,}, volume={2015–10}, author={Ortmann, Regina}, year={2015}, collection={WU Working Paper Series} }","mla":"Ortmann, Regina. <i>Uncertainty in Weighting Formulary Apportionment Factors. How Does Weighting Uncertainty Impact After-Tax Income of Multinational Groups?,</i>. Vol. 2015–10, 2015.","chicago":"Ortmann, Regina. <i>Uncertainty in Weighting Formulary Apportionment Factors. How Does Weighting Uncertainty Impact After-Tax Income of Multinational Groups?,</i>. Vol. 2015–10. WU Working Paper Series, 2015.","short":"R. Ortmann, Uncertainty in Weighting Formulary Apportionment Factors. How Does Weighting Uncertainty Impact After-Tax Income of Multinational Groups?, 2015.","apa":"Ortmann, R. (2015). <i>Uncertainty in Weighting Formulary Apportionment Factors. How Does Weighting Uncertainty Impact After-Tax Income of Multinational Groups?,</i> (Vol. 2015–10).","ieee":"R. Ortmann, <i>Uncertainty in Weighting Formulary Apportionment Factors. How Does Weighting Uncertainty Impact After-Tax Income of Multinational Groups?,</i> vol. 2015–10. 2015."},"abstract":[{"lang":"eng","text":"Formulary apportionment is an intensively debated mechanism for allocating tax base within multinational groups. Systems under which the formula is identical in all jurisdictions and systems under which jurisdictions can determine the weights on the formula factors individually can be observed. The latter systems produce uncertainty about the overall tax-liable share of the future group tax base. Counter-intuitively, I identify scenarios under which increased uncertainty leads to higher expected future group income. My results provide helpful insights for firms and policy makers debating the specific design of a formulary apportionment system. "}],"file":[{"file_id":"17958","content_type":"application/pdf","success":1,"file_name":"TAF_WP_010_Ortmann_2015.pdf","access_level":"closed","file_size":254259,"relation":"main_file","date_updated":"2020-08-14T08:06:12Z","date_created":"2020-08-14T08:06:12Z","creator":"llennard"}],"date_created":"2018-10-15T11:00:01Z","type":"working_paper","department":[{"_id":"590"},{"_id":"635"}],"title":"Uncertainty in Weighting Formulary Apportionment Factors. How Does Weighting Uncertainty Impact After-Tax Income of Multinational Groups?,","year":"2015","status":"public","author":[{"full_name":"Ortmann, Regina","first_name":"Regina","last_name":"Ortmann","id":"10020"}],"date_updated":"2022-01-06T07:01:20Z","has_accepted_license":"1","main_file_link":[{"url":"https://en.wiwi.uni-paderborn.de/fileadmin/cetar/TAF_Working_Paper_Series/TAF_WP_010_Ortmann_2015.pdf"}],"series_title":"WU Working Paper Series","_id":"4745","language":[{"iso":"eng"}],"ddc":["330"],"user_id":"21222","volume":"2015 - 10"},{"_id":"4757","series_title":"arqus, Quantitative Research in Taxation","language":[{"iso":"eng"}],"volume":209,"user_id":"61801","author":[{"first_name":"Rainer","last_name":"Niemann","full_name":"Niemann, Rainer"},{"id":"530","first_name":"Caren","last_name":"Sureth-Sloane","full_name":"Sureth-Sloane, Caren"}],"title":"Investment Effects of Wealth Taxes under Uncertainty and Irreversibility","year":"2015","status":"public","intvolume":"       209","date_updated":"2022-01-06T07:01:21Z","date_created":"2018-10-15T12:54:30Z","department":[{"_id":"187"},{"_id":"635"}],"type":"working_paper","citation":{"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.","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).","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.","mla":"Niemann, Rainer, and Caren Sureth-Sloane. <i>Investment Effects of Wealth Taxes under Uncertainty and Irreversibility</i>. Vol. 209, 2015."}},{"_id":"5047","publisher":"C.H. Beck","page":"257-260","volume":42,"user_id":"61801","status":"public","citation":{"ieee":"C. Sureth, “Mehr Theorie wagen: Eine neue Ausbildung für die Praxis?,” <i>WiSt - Wirtschaftswissenschaftliches Studium</i>, vol. 42, no. 5, pp. 257–260, 2015.","apa":"Sureth, C. (2015). Mehr Theorie wagen: Eine neue Ausbildung für die Praxis? <i>WiSt - Wirtschaftswissenschaftliches Studium</i>, <i>42</i>(5), 257–260. <a href=\"https://doi.org/10.15358/0340-1650_2013_5_257\">https://doi.org/10.15358/0340-1650_2013_5_257</a>","chicago":"Sureth, Caren. “Mehr Theorie wagen: Eine neue Ausbildung für die Praxis?” <i>WiSt - Wirtschaftswissenschaftliches Studium</i> 42, no. 5 (2015): 257–60. <a href=\"https://doi.org/10.15358/0340-1650_2013_5_257\">https://doi.org/10.15358/0340-1650_2013_5_257</a>.","short":"C. Sureth, WiSt - Wirtschaftswissenschaftliches Studium 42 (2015) 257–260.","mla":"Sureth, Caren. “Mehr Theorie wagen: Eine neue Ausbildung für die Praxis?” <i>WiSt - Wirtschaftswissenschaftliches Studium</i>, vol. 42, no. 5, C.H. Beck, 2015, pp. 257–60, doi:<a href=\"https://doi.org/10.15358/0340-1650_2013_5_257\">10.15358/0340-1650_2013_5_257</a>.","bibtex":"@article{Sureth_2015, title={Mehr Theorie wagen: Eine neue Ausbildung für die Praxis?}, volume={42}, DOI={<a href=\"https://doi.org/10.15358/0340-1650_2013_5_257\">10.15358/0340-1650_2013_5_257</a>}, number={5}, journal={WiSt - Wirtschaftswissenschaftliches Studium}, publisher={C.H. Beck}, author={Sureth, Caren}, year={2015}, pages={257–260} }","ama":"Sureth C. Mehr Theorie wagen: Eine neue Ausbildung für die Praxis? <i>WiSt - Wirtschaftswissenschaftliches Studium</i>. 2015;42(5):257-260. doi:<a href=\"https://doi.org/10.15358/0340-1650_2013_5_257\">10.15358/0340-1650_2013_5_257</a>"},"language":[{"iso":"ger"}],"doi":"10.15358/0340-1650_2013_5_257","publication_identifier":{"issn":["0340-1650"]},"author":[{"first_name":"Caren","last_name":"Sureth","full_name":"Sureth, Caren"}],"title":"Mehr Theorie wagen: Eine neue Ausbildung für die Praxis?","year":"2015","intvolume":"        42","publication_status":"published","date_updated":"2022-01-06T07:01:35Z","date_created":"2018-10-30T13:56:11Z","department":[{"_id":"187"},{"_id":"635"}],"type":"journal_article","issue":"5","publication":"WiSt - Wirtschaftswissenschaftliches Studium"},{"file":[{"access_level":"closed","file_size":1077359,"file_name":"Hoppe Maiterth Sureth-Sloane 2015.pdf","date_updated":"2018-04-06T07:53:46Z","relation":"main_file","success":1,"content_type":"application/pdf","file_id":"2255","creator":"hoppet","date_created":"2018-04-06T07:53:46Z"}],"date_created":"2018-04-06T07:51:21Z","keyword":["Steuerbelastung","Substanzbesteuerung","ungleiche Vermögensverteilung","Veranlagungssimulation","Vermögensteuer"],"type":"working_paper","department":[{"_id":"187"},{"_id":"635"}],"abstract":[{"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 Unternehmensgruppe 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.","lang":"ger"},{"text":"The (re-)introduction of a wealth tax has become a focal point of interest as a result of last years’ political discussions. We analyze the impact of implementing currently discussed wealth tax concepts on the overall tax burden and 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 tax burden of these companies 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 have to take additional loans or liquidate assets to settle their wealth tax bill. Our findings indicate that about half of the companies suffer at least in one year from wealth tax-induced asset erosion within the six-year period under review. In contrast to the usually postulated moderate effects of a wealth tax on firms, our results indicate that the additional burden arising from wealth taxation can range from nearly 100% to 300% of the profit tax burden, highlighting the magnitude of the risk from wealth taxation for Germany as a location for business.","lang":"eng"}],"main_file_link":[{"url":"https://ssrn.com/abstract=2548398","open_access":"1"}],"language":[{"iso":"ger"}],"doi":"10.2139/ssrn.2548398","alternative_title":["Wealth Tax and its Implications for Germany as a Location for Business - An Economic Analysis"],"year":"2015","title":"Vermögensteuer und ihre Implikationen für den Wirtschaftsstandort Deutschland - eine betriebswirtschaftliche Analyse","publication_identifier":{"issn":["1556-5068"]},"author":[{"full_name":"Hoppe, Thomas","first_name":"Thomas","last_name":"Hoppe","id":"22671"},{"full_name":"Maiterth, Ralf","first_name":"Ralf","last_name":"Maiterth"},{"first_name":"Caren","last_name":"Sureth-Sloane","orcid":" 0000-0002-8183-5901","full_name":"Sureth-Sloane, Caren","id":"530"}],"date_updated":"2024-04-08T11:31:28Z","oa":"1","file_date_updated":"2018-04-06T07:53:46Z","citation":{"apa":"Hoppe, T., Maiterth, R., &#38; Sureth-Sloane, C. (2015). <i>Vermögensteuer und ihre Implikationen für den Wirtschaftsstandort Deutschland - eine betriebswirtschaftliche Analyse</i>. <a href=\"https://doi.org/10.2139/ssrn.2548398\">https://doi.org/10.2139/ssrn.2548398</a>","ieee":"T. Hoppe, R. Maiterth, and C. Sureth-Sloane, <i>Vermögensteuer und ihre Implikationen für den Wirtschaftsstandort Deutschland - eine betriebswirtschaftliche Analyse</i>. 2015.","short":"T. Hoppe, R. Maiterth, C. Sureth-Sloane, Vermögensteuer und ihre Implikationen für den Wirtschaftsstandort Deutschland - eine betriebswirtschaftliche Analyse, 2015.","chicago":"Hoppe, Thomas, Ralf Maiterth, and Caren Sureth-Sloane. <i>Vermögensteuer und ihre Implikationen für den Wirtschaftsstandort Deutschland - eine betriebswirtschaftliche Analyse</i>, 2015. <a href=\"https://doi.org/10.2139/ssrn.2548398\">https://doi.org/10.2139/ssrn.2548398</a>.","mla":"Hoppe, Thomas, et al. <i>Vermögensteuer und ihre Implikationen für den Wirtschaftsstandort Deutschland - eine betriebswirtschaftliche Analyse</i>. 2015, doi:<a href=\"https://doi.org/10.2139/ssrn.2548398\">10.2139/ssrn.2548398</a>.","ama":"Hoppe T, Maiterth R, Sureth-Sloane C. <i>Vermögensteuer und ihre Implikationen für den Wirtschaftsstandort Deutschland - eine betriebswirtschaftliche Analyse</i>.; 2015. doi:<a href=\"https://doi.org/10.2139/ssrn.2548398\">10.2139/ssrn.2548398</a>","bibtex":"@book{Hoppe_Maiterth_Sureth-Sloane_2015, title={Vermögensteuer und ihre Implikationen für den Wirtschaftsstandort Deutschland - eine betriebswirtschaftliche Analyse}, DOI={<a href=\"https://doi.org/10.2139/ssrn.2548398\">10.2139/ssrn.2548398</a>}, author={Hoppe, Thomas and Maiterth, Ralf and Sureth-Sloane, Caren}, year={2015} }"},"page":"45","_id":"2254","user_id":"530","ddc":["330"],"status":"public","jel":["H21","H24","H25","C54"],"has_accepted_license":"1"}]