---
_id: '4743'
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."
author:
- first_name: Sönke
full_name: Sievers, Sönke
id: '46447'
last_name: Sievers
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
orcid: ' 0000-0002-8183-5901'
- first_name: André
full_name: Uhde, André
id: '36049'
last_name: Uhde
orcid: https://orcid.org/0000-0002-8058-8857
citation:
ama: 'Sievers S, Sureth-Sloane C, Uhde A. Restrukturierungen: operative und finanzielle
Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp.
Die Wirtschaftsprüfung. 2018;71(9):569-575.'
apa: 'Sievers, S., Sureth-Sloane, C., & Uhde, A. (2018). Restrukturierungen:
operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der
Entwicklungen bei thyssenkrupp. Die Wirtschaftsprüfung, 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} }'
chicago: 'Sievers, Sönke, Caren Sureth-Sloane, and André Uhde. “Restrukturierungen:
operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der
Entwicklungen bei thyssenkrupp.” Die Wirtschaftsprüfung 71, no. 9 (2018):
569–75.'
ieee: 'S. Sievers, C. Sureth-Sloane, and A. Uhde, “Restrukturierungen: operative
und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen
bei thyssenkrupp,” Die Wirtschaftsprüfung, vol. 71, no. 9, pp. 569–575,
2018.'
mla: 'Sievers, Sönke, et al. “Restrukturierungen: operative und finanzielle Wertbeiträge.
Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp.” Die
Wirtschaftsprüfung, vol. 71, no. 9, 2018, pp. 569–75.'
short: S. Sievers, C. Sureth-Sloane, A. Uhde, Die Wirtschaftsprüfung 71 (2018) 569–575.
date_created: 2018-10-15T10:42:21Z
date_updated: 2026-06-03T09:47:03Z
department:
- _id: '187'
- _id: '275'
- _id: '188'
- _id: '635'
- _id: '186'
intvolume: ' 71'
issue: '9'
language:
- iso: ger
page: 569-575
publication: Die Wirtschaftsprüfung
quality_controlled: '1'
status: public
title: 'Restrukturierungen: operative und finanzielle Wertbeiträge. Eine Betrachtung
vor dem Hintergrund der Entwicklungen bei thyssenkrupp'
type: journal_article
user_id: '36049'
volume: 71
year: '2018'
...
---
_id: '2241'
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.
article_type: original
author:
- first_name: Thomas
full_name: Hoppe, Thomas
id: '22671'
last_name: Hoppe
- first_name: Deborah
full_name: Schanz, Deborah
last_name: Schanz
- first_name: Susann
full_name: Sturm, Susann
last_name: Sturm
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
citation:
ama: Hoppe T, Schanz D, Sturm S, Sureth-Sloane C. Warum ist unser Steuersystem so
komplex? Eine befragungsbasierte Analyse. Die Wirtschaftsprüfung. 2017;70(17):1026-1033.
apa: Hoppe, T., Schanz, D., Sturm, S., & Sureth-Sloane, C. (2017). Warum ist
unser Steuersystem so komplex? Eine befragungsbasierte Analyse. Die Wirtschaftsprüfung,
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}
}'
chicago: 'Hoppe, Thomas, Deborah Schanz, Susann Sturm, and Caren Sureth-Sloane.
“Warum ist unser Steuersystem so komplex? Eine befragungsbasierte Analyse.” Die
Wirtschaftsprüfung 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,” Die Wirtschaftsprüfung, vol.
70, no. 17, pp. 1026–1033, 2017.
mla: Hoppe, Thomas, et al. “Warum ist unser Steuersystem so komplex? Eine befragungsbasierte
Analyse.” Die Wirtschaftsprüfung, 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.
date_created: 2018-04-06T07:27:32Z
date_updated: 2022-01-06T06:55:32Z
department:
- _id: '187'
- _id: '635'
intvolume: ' 70'
issue: '17'
keyword:
- Steuersystem
- Komplexität
- Steuergesetz
- Steuerliche Rahmenbedingungen
- BEPS
language:
- iso: ger
page: 1026-1033
project:
- _id: '37'
grant_number: P01
name: Der Einfluss von steuerlicher Regulierung auf multinationale Unternehmen
publication: Die Wirtschaftsprüfung
publication_status: published
publisher: IDW
status: public
title: Warum ist unser Steuersystem so komplex? Eine befragungsbasierte Analyse
type: journal_article
user_id: '68607'
volume: 70
year: '2017'
...
---
_id: '2247'
author:
- first_name: Thomas
full_name: Hoppe, Thomas
id: '22671'
last_name: Hoppe
- first_name: Deborah
full_name: Schanz, Deborah
last_name: Schanz
- first_name: Susann
full_name: Sturm, Susann
last_name: Sturm
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
citation:
ama: Hoppe T, Schanz D, Sturm S, Sureth-Sloane C. 2016 Global MNC Tax Complexity
Survey - Executive Summary.; 2017. doi:10.13140/RG.2.2.23707.46881
apa: Hoppe, T., Schanz, D., Sturm, S., & Sureth-Sloane, C. (2017). 2016 Global
MNC Tax Complexity Survey - Executive Summary. https://doi.org/10.13140/RG.2.2.23707.46881
bibtex: '@book{Hoppe_Schanz_Sturm_Sureth-Sloane_2017, title={2016 Global MNC Tax
Complexity Survey - Executive Summary}, DOI={10.13140/RG.2.2.23707.46881},
author={Hoppe, Thomas and Schanz, Deborah and Sturm, Susann and Sureth-Sloane,
Caren}, year={2017} }'
chicago: Hoppe, Thomas, Deborah Schanz, Susann Sturm, and Caren Sureth-Sloane. 2016
Global MNC Tax Complexity Survey - Executive Summary, 2017. https://doi.org/10.13140/RG.2.2.23707.46881.
ieee: T. Hoppe, D. Schanz, S. Sturm, and C. Sureth-Sloane, 2016 Global MNC Tax
Complexity Survey - Executive Summary. 2017.
mla: Hoppe, Thomas, et al. 2016 Global MNC Tax Complexity Survey - Executive
Summary. 2017, doi:10.13140/RG.2.2.23707.46881.
short: T. Hoppe, D. Schanz, S. Sturm, C. Sureth-Sloane, 2016 Global MNC Tax Complexity
Survey - Executive Summary, 2017.
date_created: 2018-04-06T07:40:18Z
date_updated: 2022-01-06T06:55:33Z
ddc:
- '330'
department:
- _id: '187'
- _id: '635'
doi: 10.13140/RG.2.2.23707.46881
file:
- access_level: open_access
content_type: application/pdf
creator: hoppet
date_created: 2018-04-06T07:40:03Z
date_updated: 2018-04-06T07:40:03Z
file_id: '2248'
file_name: Hoppe Schanz Sturm Sureth-Sloane 2017.pdf
file_size: 4020983
relation: main_file
file_date_updated: 2018-04-06T07:40:03Z
has_accepted_license: '1'
language:
- iso: eng
main_file_link:
- open_access: '1'
url: www.taxcomplexity.org
oa: '1'
page: '27'
project:
- _id: '37'
grant_number: P01
name: Der Einfluss von steuerlicher Regulierung auf multinationale Unternehmen
status: public
title: 2016 Global MNC Tax Complexity Survey - Executive Summary
type: report
urn: '22477'
user_id: '68607'
year: '2017'
...
---
_id: '2250'
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.
author:
- first_name: Thomas
full_name: Hoppe, Thomas
id: '22671'
last_name: Hoppe
- first_name: Deborah
full_name: Schanz, Deborah
last_name: Schanz
- first_name: Susann
full_name: Sturm, Susann
last_name: Sturm
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
citation:
ama: Hoppe T, Schanz D, Sturm S, Sureth-Sloane C. What Are the Drivers of Tax
Complexity for Multinational Corporations? Evidence from 108 Countries.; 2017.
doi:10.2139/ssrn.3046546
apa: Hoppe, T., Schanz, D., Sturm, S., & Sureth-Sloane, C. (2017). What are
the Drivers of Tax Complexity for Multinational Corporations? Evidence from 108
Countries. https://doi.org/10.2139/ssrn.3046546
bibtex: '@book{Hoppe_Schanz_Sturm_Sureth-Sloane_2017, title={What are the Drivers
of Tax Complexity for Multinational Corporations? Evidence from 108 Countries},
DOI={10.2139/ssrn.3046546},
author={Hoppe, Thomas and Schanz, Deborah and Sturm, Susann and Sureth-Sloane,
Caren}, year={2017} }'
chicago: Hoppe, Thomas, Deborah Schanz, Susann Sturm, and Caren Sureth-Sloane. What
Are the Drivers of Tax Complexity for Multinational Corporations? Evidence from
108 Countries, 2017. https://doi.org/10.2139/ssrn.3046546.
ieee: T. Hoppe, D. Schanz, S. Sturm, and C. Sureth-Sloane, What are the Drivers
of Tax Complexity for Multinational Corporations? Evidence from 108 Countries.
2017.
mla: Hoppe, Thomas, et al. What Are the Drivers of Tax Complexity for Multinational
Corporations? Evidence from 108 Countries. 2017, doi:10.2139/ssrn.3046546.
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.
date_created: 2018-04-06T07:44:59Z
date_updated: 2022-01-06T06:55:34Z
ddc:
- '330'
department:
- _id: '187'
- _id: '635'
doi: 10.2139/ssrn.3046546
file:
- access_level: closed
content_type: application/pdf
creator: hoppet
date_created: 2018-04-06T07:48:31Z
date_updated: 2018-04-06T07:48:31Z
file_id: '2253'
file_name: Hoppe Schanz Sturm Sureth-Sloane 2017.pdf
file_size: 1077359
relation: main_file
success: 1
file_date_updated: 2018-04-06T07:48:31Z
has_accepted_license: '1'
jel:
- H20
- H25
- C83
- O57
keyword:
- Complexity Drivers
- International Comparison
- Survey
- Tax Complexity
- Tax Practitioners
language:
- iso: eng
main_file_link:
- open_access: '1'
url: https://ssrn.com/abstract=3046546
oa: '1'
page: '28'
project:
- _id: '37'
grant_number: P01
name: Der Einfluss von steuerlicher Regulierung auf multinationale Unternehmen
publication_identifier:
issn:
- 1556-5068
status: public
title: What are the Drivers of Tax Complexity for Multinational Corporations? Evidence
from 108 Countries
type: working_paper
user_id: '68607'
year: '2017'
...
---
_id: '4702'
author:
- first_name: Vanessa
full_name: Flagmeier, Vanessa
id: '8084'
last_name: Flagmeier
- first_name: Jens
full_name: Müller, Jens
id: '1245'
last_name: Müller
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
citation:
ama: Flagmeier V, Müller J, Sureth-Sloane C. When Do Managers Highlight Their
Effective Tax Rate? Vol 214.; 2017. doi:arqus Working Paper No. 214
apa: Flagmeier, V., Müller, J., & Sureth-Sloane, C. (2017). When Do Managers
Highlight Their Effective Tax Rate? (Vol. 214). https://doi.org/arqus Working Paper No. 214
bibtex: '@book{Flagmeier_Müller_Sureth-Sloane_2017, series={arqus Working Paper},
title={When Do Managers Highlight Their Effective Tax Rate?}, volume={214}, DOI={arqus Working Paper No. 214},
author={Flagmeier, Vanessa and Müller, Jens and Sureth-Sloane, Caren}, year={2017},
collection={arqus Working Paper} }'
chicago: Flagmeier, Vanessa, Jens Müller, and Caren Sureth-Sloane. When Do Managers
Highlight Their Effective Tax Rate? Vol. 214. Arqus Working Paper, 2017. https://doi.org/arqus Working
Paper No. 214.
ieee: V. Flagmeier, J. Müller, and C. Sureth-Sloane, When Do Managers Highlight
Their Effective Tax Rate?, vol. 214. 2017.
mla: Flagmeier, Vanessa, et al. When Do Managers Highlight Their Effective Tax
Rate? Vol. 214, 2017, doi:arqus Working Paper No. 214.
short: V. Flagmeier, J. Müller, C. Sureth-Sloane, When Do Managers Highlight Their
Effective Tax Rate?, 2017.
date_created: 2018-10-12T08:35:31Z
date_updated: 2022-01-06T07:01:19Z
department:
- _id: '187'
- _id: '189'
- _id: '551'
- _id: '635'
doi: arqus Working Paper No. 214
intvolume: ' 214'
language:
- iso: eng
series_title: arqus Working Paper
status: public
title: When Do Managers Highlight Their Effective Tax Rate?
type: working_paper
user_id: '68607'
volume: 214
year: '2017'
...
---
_id: '4712'
author:
- first_name: Annika
full_name: Mehrmann, Annika
id: '4324'
last_name: Mehrmann
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
citation:
ama: Mehrmann A, Sureth-Sloane C. Tax Loss Offset Restrictions and Biased Perception
of Risky Investments. Vol 222.; 2017. doi:arqus Working Paper No. 222
apa: Mehrmann, A., & Sureth-Sloane, C. (2017). Tax Loss Offset Restrictions
and Biased Perception of Risky Investments (Vol. 222). https://doi.org/arqus Working Paper No. 222
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={arqus
Working Paper No. 222}, author={Mehrmann, Annika and Sureth-Sloane, Caren},
year={2017}, collection={arqus Working Paper Series} }'
chicago: Mehrmann, Annika, and Caren Sureth-Sloane. Tax Loss Offset Restrictions
and Biased Perception of Risky Investments. Vol. 222. Arqus Working Paper
Series, 2017. https://doi.org/arqus
Working Paper No. 222.
ieee: A. Mehrmann and C. Sureth-Sloane, Tax Loss Offset Restrictions and Biased
Perception of Risky Investments, vol. 222. 2017.
mla: Mehrmann, Annika, and Caren Sureth-Sloane. Tax Loss Offset Restrictions
and Biased Perception of Risky Investments. Vol. 222, 2017, doi:arqus Working Paper No. 222.
short: A. Mehrmann, C. Sureth-Sloane, Tax Loss Offset Restrictions and Biased Perception
of Risky Investments, 2017.
date_created: 2018-10-12T08:40:30Z
date_updated: 2022-01-06T07:01:19Z
department:
- _id: '187'
- _id: '635'
doi: arqus Working Paper No. 222
intvolume: ' 222'
language:
- iso: eng
series_title: arqus Working Paper Series
status: public
title: Tax Loss Offset Restrictions and Biased Perception of Risky Investments
type: working_paper
user_id: '68607'
volume: 222
year: '2017'
...
---
_id: '4774'
article_type: original
author:
- first_name: Michael
full_name: Ebert, Michael
id: '42419'
last_name: Ebert
- first_name: Dirk
full_name: Simons, Dirk
last_name: Simons
- first_name: Jack D
full_name: Stecher, Jack D
last_name: Stecher
citation:
ama: Ebert M, Simons D, Stecher JD. Discretionary aggregation. The Accounting
Review. 2017;92(1):73--91.
apa: Ebert, M., Simons, D., & Stecher, J. D. (2017). Discretionary aggregation.
The Accounting Review, 92(1), 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} }'
chicago: 'Ebert, Michael, Dirk Simons, and Jack D Stecher. “Discretionary Aggregation.”
The Accounting Review 92, no. 1 (2017): 73--91.'
ieee: M. Ebert, D. Simons, and J. D. Stecher, “Discretionary aggregation,” The
Accounting Review, vol. 92, no. 1, pp. 73--91, 2017.
mla: Ebert, Michael, et al. “Discretionary Aggregation.” The Accounting Review,
vol. 92, no. 1, 2017, pp. 73--91.
short: M. Ebert, D. Simons, J.D. Stecher, The Accounting Review 92 (2017) 73--91.
date_created: 2018-10-18T10:51:56Z
date_updated: 2023-12-18T13:30:51Z
department:
- _id: '190'
- _id: '186'
- _id: '635'
intvolume: ' 92'
issue: '1'
language:
- iso: eng
page: 73--91
publication: The Accounting Review
publication_status: published
status: public
title: Discretionary aggregation
type: journal_article
user_id: '42419'
volume: 92
year: '2017'
...
---
_id: '4703'
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.
author:
- first_name: Annika
full_name: Hegemann, Annika
last_name: Hegemann
- first_name: Angela
full_name: Kunoth, Angela
last_name: Kunoth
- first_name: Kristina
full_name: Rupp, Kristina
last_name: Rupp
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
orcid: ' 0000-0002-8183-5901'
citation:
ama: Hegemann A, Kunoth A, Rupp K, Sureth-Sloane C. Hold or Sell? How Capital Gains
Taxation Affects Holding Decisions. Review of Managerial Science. 2017;11(3):571-603.
doi:10.1007/s11846-016-0197-9
apa: Hegemann, A., Kunoth, A., Rupp, K., & Sureth-Sloane, C. (2017). Hold or
Sell? How Capital Gains Taxation Affects Holding Decisions. Review of Managerial
Science, 11(3), 571–603. https://doi.org/10.1007/s11846-016-0197-9
bibtex: '@article{Hegemann_Kunoth_Rupp_Sureth-Sloane_2017, title={Hold or Sell?
How Capital Gains Taxation Affects Holding Decisions}, volume={11}, DOI={10.1007/s11846-016-0197-9 }, 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} }'
chicago: 'Hegemann, Annika, Angela Kunoth, Kristina Rupp, and Caren Sureth-Sloane.
“Hold or Sell? How Capital Gains Taxation Affects Holding Decisions.” Review
of Managerial Science 11, no. 3 (2017): 571–603. https://doi.org/10.1007/s11846-016-0197-9 .'
ieee: 'A. Hegemann, A. Kunoth, K. Rupp, and C. Sureth-Sloane, “Hold or Sell? How
Capital Gains Taxation Affects Holding Decisions,” Review of Managerial Science,
vol. 11, no. 3, pp. 571–603, 2017, doi: 10.1007/s11846-016-0197-9 .'
mla: Hegemann, Annika, et al. “Hold or Sell? How Capital Gains Taxation Affects
Holding Decisions.” Review of Managerial Science, vol. 11, no. 3, 2017,
pp. 571–603, doi:10.1007/s11846-016-0197-9
.
short: A. Hegemann, A. Kunoth, K. Rupp, C. Sureth-Sloane, Review of Managerial Science
11 (2017) 571–603.
date_created: 2018-10-12T08:38:21Z
date_updated: 2024-01-30T12:43:17Z
department:
- _id: '187'
- _id: '635'
doi: '10.1007/s11846-016-0197-9 '
intvolume: ' 11'
issue: '3'
language:
- iso: eng
main_file_link:
- open_access: '1'
oa: '1'
page: 571-603
publication: Review of Managerial Science
quality_controlled: '1'
status: public
title: Hold or Sell? How Capital Gains Taxation Affects Holding Decisions
type: journal_article
user_id: '74000'
volume: 11
year: '2017'
...
---
_id: '3542'
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."
author:
- first_name: Aljosa
full_name: Valentincic, Aljosa
last_name: Valentincic
- first_name: Ales
full_name: Novak, Ales
last_name: Novak
- first_name: Urska
full_name: Kosi, Urska
id: '54068'
last_name: Kosi
citation:
ama: Valentincic A, Novak A, Kosi U. Accounting quality in private firms during
the transition towards international standards. Accounting in Europe. 2017;14(3):358-387.
doi:10.1080/17449480.2017.1378821
apa: Valentincic, A., Novak, A., & Kosi, U. (2017). Accounting quality in private
firms during the transition towards international standards. Accounting in
Europe, 14(3), 358–387. https://doi.org/10.1080/17449480.2017.1378821
bibtex: '@article{Valentincic_Novak_Kosi_2017, title={Accounting quality in private
firms during the transition towards international standards}, volume={14}, DOI={10.1080/17449480.2017.1378821},
number={3}, journal={Accounting in Europe}, author={Valentincic, Aljosa and Novak,
Ales and Kosi, Urska}, year={2017}, pages={358–387} }'
chicago: 'Valentincic, Aljosa, Ales Novak, and Urska Kosi. “Accounting Quality in
Private Firms during the Transition towards International Standards.” Accounting
in Europe 14, no. 3 (2017): 358–87. https://doi.org/10.1080/17449480.2017.1378821.'
ieee: 'A. Valentincic, A. Novak, and U. Kosi, “Accounting quality in private firms
during the transition towards international standards,” Accounting in Europe,
vol. 14, no. 3, pp. 358–387, 2017, doi: 10.1080/17449480.2017.1378821.'
mla: Valentincic, Aljosa, et al. “Accounting Quality in Private Firms during the
Transition towards International Standards.” Accounting in Europe, vol.
14, no. 3, 2017, pp. 358–87, doi:10.1080/17449480.2017.1378821.
short: A. Valentincic, A. Novak, U. Kosi, Accounting in Europe 14 (2017) 358–387.
date_created: 2018-07-11T08:57:03Z
date_updated: 2023-01-24T15:34:31Z
department:
- _id: '551'
- _id: '635'
- _id: '186'
doi: 10.1080/17449480.2017.1378821
intvolume: ' 14'
issue: '3'
jel:
- M41
- C23
- L21
- P20
keyword:
- private firms
- accounting quality
- development of accounting standards
- IFRS-like standards
- Slovenia
language:
- iso: eng
page: 358-387
publication: Accounting in Europe
publication_status: published
status: public
title: Accounting quality in private firms during the transition towards international
standards
type: journal_article
user_id: '54068'
volume: 14
year: '2017'
...
---
_id: '4685'
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.
author:
- first_name: Markus
full_name: Diller, Markus
last_name: Diller
- first_name: Pia
full_name: Kortebusch, Pia
last_name: Kortebusch
- first_name: Georg
full_name: Schneider, Georg
last_name: Schneider
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
orcid: ' 0000-0002-8183-5901'
citation:
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. European
Accounting Review. 2017;26(3):441-468. doi:10.1080/09638180.2016.1169939
apa: Diller, M., Kortebusch, P., Schneider, G., & Sureth-Sloane, C. (2017).
Boon or Bane? Advance Tax Rulings as a Measure to Mitigate Tax Uncertainty and
Foster Investment. European Accounting Review, 26(3), 441–468. https://doi.org/10.1080/09638180.2016.1169939
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={10.1080/09638180.2016.1169939},
number={3}, journal={European Accounting Review}, author={Diller, Markus and Kortebusch,
Pia and Schneider, Georg and Sureth-Sloane, Caren}, year={2017}, pages={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.” European Accounting Review 26, no. 3 (2017): 441–68.
https://doi.org/10.1080/09638180.2016.1169939.'
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,”
European Accounting Review, vol. 26, no. 3, pp. 441–468, 2017, doi: 10.1080/09638180.2016.1169939.'
mla: Diller, Markus, et al. “Boon or Bane? Advance Tax Rulings as a Measure to Mitigate
Tax Uncertainty and Foster Investment.” European Accounting Review, vol.
26, no. 3, 2017, pp. 441–68, doi:10.1080/09638180.2016.1169939.
short: M. Diller, P. Kortebusch, G. Schneider, C. Sureth-Sloane, European Accounting
Review 26 (2017) 441–468.
date_created: 2018-10-12T08:27:42Z
date_updated: 2023-01-31T12:10:12Z
department:
- _id: '187'
- _id: '635'
doi: 10.1080/09638180.2016.1169939
intvolume: ' 26'
issue: '3'
language:
- iso: eng
page: 441-468
publication: European Accounting Review
quality_controlled: '1'
status: public
title: Boon or Bane? Advance Tax Rulings as a Measure to Mitigate Tax Uncertainty
and Foster Investment
type: journal_article
user_id: '21222'
volume: 26
year: '2017'
...
---
_id: '5014'
abstract:
- lang: eng
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.
author:
- first_name: Thomas
full_name: Bauer, Thomas
last_name: Bauer
- first_name: Thomas
full_name: Kourouxous, Thomas
id: '66936'
last_name: Kourouxous
citation:
ama: Bauer T, Kourouxous T. Capital Charge Rates, Investment Incentives and Taxation.
European Accounting Review. 2017;26(3):419-440. doi:10.1080/09638180.2016.1169938
apa: Bauer, T., & Kourouxous, T. (2017). Capital Charge Rates, Investment Incentives
and Taxation. European Accounting Review, 26(3), 419–440. https://doi.org/10.1080/09638180.2016.1169938
bibtex: '@article{Bauer_Kourouxous_2017, title={Capital Charge Rates, Investment
Incentives and Taxation}, volume={26}, DOI={10.1080/09638180.2016.1169938},
number={3}, journal={European Accounting Review}, publisher={Informa UK Limited},
author={Bauer, Thomas and Kourouxous, Thomas}, year={2017}, pages={419–440} }'
chicago: 'Bauer, Thomas, and Thomas Kourouxous. “Capital Charge Rates, Investment
Incentives and Taxation.” European Accounting Review 26, no. 3 (2017):
419–40. https://doi.org/10.1080/09638180.2016.1169938.'
ieee: 'T. Bauer and T. Kourouxous, “Capital Charge Rates, Investment Incentives
and Taxation,” European Accounting Review, vol. 26, no. 3, pp. 419–440,
2017, doi: 10.1080/09638180.2016.1169938.'
mla: Bauer, Thomas, and Thomas Kourouxous. “Capital Charge Rates, Investment Incentives
and Taxation.” European Accounting Review, vol. 26, no. 3, Informa UK Limited,
2017, pp. 419–40, doi:10.1080/09638180.2016.1169938.
short: T. Bauer, T. Kourouxous, European Accounting Review 26 (2017) 419–440.
date_created: 2018-10-30T12:44:44Z
date_updated: 2026-04-09T09:11:35Z
department:
- _id: '187'
- _id: '635'
doi: 10.1080/09638180.2016.1169938
intvolume: ' 26'
issue: '3'
language:
- iso: eng
page: 419-440
publication: European Accounting Review
publication_identifier:
issn:
- 0963-8180
- 1468-4497
publication_status: published
publisher: Informa UK Limited
quality_controlled: '1'
status: public
title: Capital Charge Rates, Investment Incentives and Taxation
type: journal_article
user_id: '96670'
volume: 26
year: '2017'
...
---
_id: '1771'
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.
article_type: original
author:
- first_name: Thomas
full_name: Hoppe, Thomas
id: '22671'
last_name: Hoppe
- first_name: Ralf
full_name: Maiterth, Ralf
last_name: Maiterth
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
citation:
ama: Hoppe T, Maiterth R, Sureth-Sloane C. Eigenkapitalverzehr und Substanzbesteuerung
deutscher Unternehmen durch eine Vermögensteuer – eine empirische Analyse. Schmalenbachs
Zeitschrift für betriebswirtschaftliche Forschung. 2016;68(1):3-45. doi:10.1007/s41471-016-0005-x
apa: Hoppe, T., Maiterth, R., & Sureth-Sloane, C. (2016). Eigenkapitalverzehr
und Substanzbesteuerung deutscher Unternehmen durch eine Vermögensteuer – eine
empirische Analyse. Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung,
68(1), 3–45. https://doi.org/10.1007/s41471-016-0005-x
bibtex: '@article{Hoppe_Maiterth_Sureth-Sloane_2016, title={Eigenkapitalverzehr
und Substanzbesteuerung deutscher Unternehmen durch eine Vermögensteuer – eine
empirische Analyse}, volume={68}, DOI={10.1007/s41471-016-0005-x},
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} }'
chicago: 'Hoppe, Thomas, Ralf Maiterth, and Caren Sureth-Sloane. “Eigenkapitalverzehr
und Substanzbesteuerung deutscher Unternehmen durch eine Vermögensteuer – eine
empirische Analyse.” Schmalenbachs Zeitschrift für betriebswirtschaftliche
Forschung 68, no. 1 (2016): 3–45. https://doi.org/10.1007/s41471-016-0005-x.'
ieee: T. Hoppe, R. Maiterth, and C. Sureth-Sloane, “Eigenkapitalverzehr und Substanzbesteuerung
deutscher Unternehmen durch eine Vermögensteuer – eine empirische Analyse,” Schmalenbachs
Zeitschrift für betriebswirtschaftliche Forschung, vol. 68, no. 1, pp. 3–45,
2016.
mla: Hoppe, Thomas, et al. “Eigenkapitalverzehr und Substanzbesteuerung deutscher
Unternehmen durch eine Vermögensteuer – eine empirische Analyse.” Schmalenbachs
Zeitschrift für betriebswirtschaftliche Forschung, vol. 68, no. 1, Springer
Nature, 2016, pp. 3–45, doi:10.1007/s41471-016-0005-x.
short: T. Hoppe, R. Maiterth, C. Sureth-Sloane, Schmalenbachs Zeitschrift für betriebswirtschaftliche
Forschung 68 (2016) 3–45.
date_created: 2018-03-23T14:04:24Z
date_updated: 2022-01-06T06:53:17Z
department:
- _id: '187'
- _id: '635'
doi: 10.1007/s41471-016-0005-x
intvolume: ' 68'
issue: '1'
jel:
- H21
- H24
- H25
- C54
keyword:
- Steuerbelastung
- Substanzbesteuerung
- Ungleiche Vermögensverteilung
- Veranlagungssimulation
- Vermögensteuer
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
oa: '1'
page: 3-45
publication: Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung
publication_identifier:
issn:
- 0341-2687
- 2366-6153
publication_status: published
publisher: Springer Nature
quality_controlled: '1'
status: public
title: Eigenkapitalverzehr und Substanzbesteuerung deutscher Unternehmen durch eine
Vermögensteuer – eine empirische Analyse
type: journal_article
user_id: '61801'
volume: 68
year: '2016'
...
---
_id: '4714'
author:
- first_name: Rolf
full_name: König, Rolf
last_name: König
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
citation:
ama: König R, Sureth-Sloane C. Besteuerung und Rechtsformwahl. 7th ed. Verlag
Neue Wirtschafts-Briefe, Herne; 2016.
apa: König, R., & Sureth-Sloane, C. (2016). Besteuerung und Rechtsformwahl
(7th ed.). Verlag Neue Wirtschafts-Briefe, Herne.
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} }'
chicago: König, Rolf, and Caren Sureth-Sloane. Besteuerung und Rechtsformwahl.
7th ed. Verlag Neue Wirtschafts-Briefe, Herne, 2016.
ieee: R. König and C. Sureth-Sloane, Besteuerung und Rechtsformwahl, 7th
ed. Verlag Neue Wirtschafts-Briefe, Herne, 2016.
mla: König, Rolf, and Caren Sureth-Sloane. Besteuerung und Rechtsformwahl.
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.
date_created: 2018-10-12T08:50:20Z
date_updated: 2022-01-06T07:01:19Z
department:
- _id: '187'
- _id: '635'
edition: '7'
language:
- iso: ger
publisher: Verlag Neue Wirtschafts-Briefe, Herne
status: public
title: Besteuerung und Rechtsformwahl
type: book
user_id: '61801'
year: '2016'
...
---
_id: '5022'
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."
author:
- first_name: Stephan
full_name: Alberternst, Stephan
last_name: Alberternst
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
citation:
ama: Alberternst S, Sureth-Sloane C. Interest Barrier and Capital Structure Response.
Vol 206.; 2016.
apa: Alberternst, S., & Sureth-Sloane, C. (2016). Interest Barrier and Capital
Structure Response (Vol. 206).
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} }'
chicago: Alberternst, Stephan, and Caren Sureth-Sloane. Interest Barrier and
Capital Structure Response. Vol. 206. Arqus, Quantitative Research in Taxation,
2016.
ieee: S. Alberternst and C. Sureth-Sloane, Interest Barrier and Capital Structure
Response, vol. 206. 2016.
mla: Alberternst, Stephan, and Caren Sureth-Sloane. Interest Barrier and Capital
Structure Response. Vol. 206, 2016.
short: S. Alberternst, C. Sureth-Sloane, Interest Barrier and Capital Structure
Response, 2016.
date_created: 2018-10-30T13:11:31Z
date_updated: 2022-01-06T07:01:35Z
ddc:
- '330'
department:
- _id: '187'
- _id: '635'
file:
- access_level: closed
content_type: application/pdf
creator: llennard
date_created: 2020-09-24T12:41:51Z
date_updated: 2020-09-24T12:41:51Z
file_id: '19655'
file_name: arqus_206.pdf
file_size: 940451
relation: main_file
success: 1
file_date_updated: 2020-09-24T12:41:51Z
has_accepted_license: '1'
intvolume: ' 206'
language:
- iso: eng
series_title: arqus, Quantitative Research in Taxation
status: public
title: Interest Barrier and Capital Structure Response
type: working_paper
user_id: '61801'
volume: 206
year: '2016'
...
---
_id: '4034'
abstract:
- lang: eng
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.
author:
- first_name: Annita
full_name: Florou, Annita
last_name: Florou
- first_name: Urska
full_name: Kosi, Urska
id: '54068'
last_name: Kosi
- first_name: Peter F
full_name: Pope, Peter F
last_name: Pope
citation:
ama: Florou A, Kosi U, Pope PF. Are international accounting standards more credit
relevant than domestic standards? Accounting and Business Research. 2016;47(1):1-29.
doi:10.1080/00014788.2016.1224968
apa: Florou, A., Kosi, U., & Pope, P. F. (2016). Are international accounting
standards more credit relevant than domestic standards? Accounting and Business
Research, 47(1), 1–29. https://doi.org/10.1080/00014788.2016.1224968
bibtex: '@article{Florou_Kosi_Pope_2016, title={Are international accounting standards
more credit relevant than domestic standards?}, volume={47}, DOI={10.1080/00014788.2016.1224968},
number={1}, journal={Accounting and Business Research}, author={Florou, Annita
and Kosi, Urska and Pope, Peter F}, year={2016}, pages={1–29} }'
chicago: 'Florou, Annita, Urska Kosi, and Peter F Pope. “Are International Accounting
Standards More Credit Relevant than Domestic Standards?” Accounting and Business
Research 47, no. 1 (2016): 1–29. https://doi.org/10.1080/00014788.2016.1224968.'
ieee: 'A. Florou, U. Kosi, and P. F. Pope, “Are international accounting standards
more credit relevant than domestic standards?,” Accounting and Business Research,
vol. 47, no. 1, pp. 1–29, 2016, doi: 10.1080/00014788.2016.1224968.'
mla: Florou, Annita, et al. “Are International Accounting Standards More Credit
Relevant than Domestic Standards?” Accounting and Business Research, vol.
47, no. 1, 2016, pp. 1–29, doi:10.1080/00014788.2016.1224968.
short: A. Florou, U. Kosi, P.F. Pope, Accounting and Business Research 47 (2016)
1–29.
date_created: 2018-08-22T07:16:25Z
date_updated: 2023-01-18T13:41:47Z
department:
- _id: '551'
- _id: '635'
- _id: '186'
doi: 10.1080/00014788.2016.1224968
intvolume: ' 47'
issue: '1'
jel:
- G15
- G33
- K20
- M41
- M48
keyword:
- IFRS
- debt markets
- credit ratings
- credit relevance
language:
- iso: eng
page: 1-29
publication: Accounting and Business Research
publication_status: published
status: public
title: Are international accounting standards more credit relevant than domestic standards?
type: journal_article
user_id: '54068'
volume: 47
year: '2016'
...
---
_id: '37098'
author:
- first_name: Aljosa
full_name: Valentincic, Aljosa
last_name: Valentincic
- first_name: Ales
full_name: Novak, Ales
last_name: Novak
- first_name: Urska
full_name: Kosi, Urska
id: '54068'
last_name: Kosi
citation:
ama: 'Valentincic A, Novak A, Kosi U. Accounting quality in private firms during
the transition to international standards. In: ; 2016.'
apa: Valentincic, A., Novak, A., & Kosi, U. (2016). Accounting quality in
private firms during the transition to international standards. 7th Workshop
on Accounting and Regulation, Siena, Italy.
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} }'
chicago: Valentincic, Aljosa, Ales Novak, and Urska Kosi. “Accounting Quality in
Private Firms during the Transition to International Standards,” 2016.
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.
mla: Valentincic, Aljosa, et al. Accounting Quality in Private Firms during the
Transition to International Standards. 2016.
short: 'A. Valentincic, A. Novak, U. Kosi, in: 2016.'
conference:
end_date: 2016-07-09
location: Siena, Italy
name: 7th Workshop on Accounting and Regulation
start_date: 2016-07-07
date_created: 2023-01-17T13:04:16Z
date_updated: 2023-01-18T14:02:03Z
department:
- _id: '635'
- _id: '186'
- _id: '551'
language:
- iso: eng
status: public
title: Accounting quality in private firms during the transition to international
standards
type: conference
user_id: '88603'
year: '2016'
...
---
_id: '4745'
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. '
author:
- first_name: Regina
full_name: Ortmann, Regina
id: '10020'
last_name: Ortmann
citation:
ama: Ortmann R. Uncertainty in Weighting Formulary Apportionment Factors. How
Does Weighting Uncertainty Impact After-Tax Income of Multinational Groups?,.
Vol 2015-10.; 2015.
apa: Ortmann, R. (2015). Uncertainty in Weighting Formulary Apportionment Factors.
How Does Weighting Uncertainty Impact After-Tax Income of Multinational Groups?,
(Vol. 2015–10).
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} }'
chicago: Ortmann, Regina. Uncertainty in Weighting Formulary Apportionment Factors.
How Does Weighting Uncertainty Impact After-Tax Income of Multinational Groups?,.
Vol. 2015–10. WU Working Paper Series, 2015.
ieee: R. Ortmann, Uncertainty in Weighting Formulary Apportionment Factors. How
Does Weighting Uncertainty Impact After-Tax Income of Multinational Groups?,
vol. 2015–10. 2015.
mla: Ortmann, Regina. Uncertainty in Weighting Formulary Apportionment Factors.
How Does Weighting Uncertainty Impact After-Tax Income of Multinational Groups?,.
Vol. 2015–10, 2015.
short: R. Ortmann, Uncertainty in Weighting Formulary Apportionment Factors. How
Does Weighting Uncertainty Impact After-Tax Income of Multinational Groups?, 2015.
date_created: 2018-10-15T11:00:01Z
date_updated: 2022-01-06T07:01:20Z
ddc:
- '330'
department:
- _id: '590'
- _id: '635'
file:
- access_level: closed
content_type: application/pdf
creator: llennard
date_created: 2020-08-14T08:06:12Z
date_updated: 2020-08-14T08:06:12Z
file_id: '17958'
file_name: TAF_WP_010_Ortmann_2015.pdf
file_size: 254259
relation: main_file
success: 1
file_date_updated: 2020-08-14T08:06:12Z
has_accepted_license: '1'
language:
- iso: eng
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
status: public
title: Uncertainty in Weighting Formulary Apportionment Factors. How Does Weighting
Uncertainty Impact After-Tax Income of Multinational Groups?,
type: working_paper
user_id: '21222'
volume: 2015 - 10
year: '2015'
...
---
_id: '4757'
author:
- first_name: Rainer
full_name: Niemann, Rainer
last_name: Niemann
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
citation:
ama: Niemann R, Sureth-Sloane C. Investment Effects of Wealth Taxes under Uncertainty
and Irreversibility. Vol 209.; 2015.
apa: Niemann, R., & Sureth-Sloane, C. (2015). Investment Effects of Wealth
Taxes under Uncertainty and Irreversibility (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} }'
chicago: Niemann, Rainer, and Caren Sureth-Sloane. Investment Effects of Wealth
Taxes under Uncertainty and Irreversibility. Vol. 209. Arqus, Quantitative
Research in Taxation, 2015.
ieee: R. Niemann and C. Sureth-Sloane, Investment Effects of Wealth Taxes under
Uncertainty and Irreversibility, vol. 209. 2015.
mla: Niemann, Rainer, and Caren Sureth-Sloane. Investment Effects of Wealth Taxes
under Uncertainty and Irreversibility. Vol. 209, 2015.
short: R. Niemann, C. Sureth-Sloane, Investment Effects of Wealth Taxes under Uncertainty
and Irreversibility, 2015.
date_created: 2018-10-15T12:54:30Z
date_updated: 2022-01-06T07:01:21Z
department:
- _id: '187'
- _id: '635'
intvolume: ' 209'
language:
- iso: eng
series_title: arqus, Quantitative Research in Taxation
status: public
title: Investment Effects of Wealth Taxes under Uncertainty and Irreversibility
type: working_paper
user_id: '61801'
volume: 209
year: '2015'
...
---
_id: '5047'
author:
- first_name: Caren
full_name: Sureth, Caren
last_name: Sureth
citation:
ama: 'Sureth C. Mehr Theorie wagen: Eine neue Ausbildung für die Praxis? WiSt
- Wirtschaftswissenschaftliches Studium. 2015;42(5):257-260. doi:10.15358/0340-1650_2013_5_257'
apa: 'Sureth, C. (2015). Mehr Theorie wagen: Eine neue Ausbildung für die Praxis?
WiSt - Wirtschaftswissenschaftliches Studium, 42(5), 257–260. https://doi.org/10.15358/0340-1650_2013_5_257'
bibtex: '@article{Sureth_2015, title={Mehr Theorie wagen: Eine neue Ausbildung für
die Praxis?}, volume={42}, DOI={10.15358/0340-1650_2013_5_257},
number={5}, journal={WiSt - Wirtschaftswissenschaftliches Studium}, publisher={C.H.
Beck}, author={Sureth, Caren}, year={2015}, pages={257–260} }'
chicago: 'Sureth, Caren. “Mehr Theorie wagen: Eine neue Ausbildung für die Praxis?”
WiSt - Wirtschaftswissenschaftliches Studium 42, no. 5 (2015): 257–60.
https://doi.org/10.15358/0340-1650_2013_5_257.'
ieee: 'C. Sureth, “Mehr Theorie wagen: Eine neue Ausbildung für die Praxis?,” WiSt
- Wirtschaftswissenschaftliches Studium, vol. 42, no. 5, pp. 257–260, 2015.'
mla: 'Sureth, Caren. “Mehr Theorie wagen: Eine neue Ausbildung für die Praxis?”
WiSt - Wirtschaftswissenschaftliches Studium, vol. 42, no. 5, C.H. Beck,
2015, pp. 257–60, doi:10.15358/0340-1650_2013_5_257.'
short: C. Sureth, WiSt - Wirtschaftswissenschaftliches Studium 42 (2015) 257–260.
date_created: 2018-10-30T13:56:11Z
date_updated: 2022-01-06T07:01:35Z
department:
- _id: '187'
- _id: '635'
doi: 10.15358/0340-1650_2013_5_257
intvolume: ' 42'
issue: '5'
language:
- iso: ger
page: 257-260
publication: WiSt - Wirtschaftswissenschaftliches Studium
publication_identifier:
issn:
- 0340-1650
publication_status: published
publisher: C.H. Beck
status: public
title: 'Mehr Theorie wagen: Eine neue Ausbildung für die Praxis?'
type: journal_article
user_id: '61801'
volume: 42
year: '2015'
...
---
_id: '2254'
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 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: eng
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.
alternative_title:
- Wealth Tax and its Implications for Germany as a Location for Business - An Economic
Analysis
author:
- first_name: Thomas
full_name: Hoppe, Thomas
id: '22671'
last_name: Hoppe
- first_name: Ralf
full_name: Maiterth, Ralf
last_name: Maiterth
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
orcid: ' 0000-0002-8183-5901'
citation:
ama: Hoppe T, Maiterth R, Sureth-Sloane C. Vermögensteuer und ihre Implikationen
für den Wirtschaftsstandort Deutschland - eine betriebswirtschaftliche Analyse.;
2015. doi:10.2139/ssrn.2548398
apa: Hoppe, T., Maiterth, R., & Sureth-Sloane, C. (2015). Vermögensteuer
und ihre Implikationen für den Wirtschaftsstandort Deutschland - eine betriebswirtschaftliche
Analyse. https://doi.org/10.2139/ssrn.2548398
bibtex: '@book{Hoppe_Maiterth_Sureth-Sloane_2015, title={Vermögensteuer und ihre
Implikationen für den Wirtschaftsstandort Deutschland - eine betriebswirtschaftliche
Analyse}, DOI={10.2139/ssrn.2548398},
author={Hoppe, Thomas and Maiterth, Ralf and Sureth-Sloane, Caren}, year={2015}
}'
chicago: Hoppe, Thomas, Ralf Maiterth, and Caren Sureth-Sloane. Vermögensteuer
und ihre Implikationen für den Wirtschaftsstandort Deutschland - eine betriebswirtschaftliche
Analyse, 2015. https://doi.org/10.2139/ssrn.2548398.
ieee: T. Hoppe, R. Maiterth, and C. Sureth-Sloane, Vermögensteuer und ihre Implikationen
für den Wirtschaftsstandort Deutschland - eine betriebswirtschaftliche Analyse.
2015.
mla: Hoppe, Thomas, et al. Vermögensteuer und ihre Implikationen für den Wirtschaftsstandort
Deutschland - eine betriebswirtschaftliche Analyse. 2015, doi:10.2139/ssrn.2548398.
short: T. Hoppe, R. Maiterth, C. Sureth-Sloane, Vermögensteuer und ihre Implikationen
für den Wirtschaftsstandort Deutschland - eine betriebswirtschaftliche Analyse,
2015.
date_created: 2018-04-06T07:51:21Z
date_updated: 2024-04-08T11:31:28Z
ddc:
- '330'
department:
- _id: '187'
- _id: '635'
doi: 10.2139/ssrn.2548398
file:
- access_level: closed
content_type: application/pdf
creator: hoppet
date_created: 2018-04-06T07:53:46Z
date_updated: 2018-04-06T07:53:46Z
file_id: '2255'
file_name: Hoppe Maiterth Sureth-Sloane 2015.pdf
file_size: 1077359
relation: main_file
success: 1
file_date_updated: 2018-04-06T07:53:46Z
has_accepted_license: '1'
jel:
- H21
- H24
- H25
- C54
keyword:
- Steuerbelastung
- Substanzbesteuerung
- ungleiche Vermögensverteilung
- Veranlagungssimulation
- Vermögensteuer
language:
- iso: ger
main_file_link:
- open_access: '1'
url: https://ssrn.com/abstract=2548398
oa: '1'
page: '45'
publication_identifier:
issn:
- 1556-5068
status: public
title: Vermögensteuer und ihre Implikationen für den Wirtschaftsstandort Deutschland
- eine betriebswirtschaftliche Analyse
type: working_paper
user_id: '530'
year: '2015'
...