Incorporation and Taxation

Item Type Monograph (Working Paper)
Abstract

This paper provides a theory of incorporation and taxation that emphasizes
the role of the corporate legal form in facilitating access to external capital
and the potential advantages of limited liability. Incorporation relaxes financing
constraints and makes corporations larger than comparable non-corporate
firms. For the same reason, a tax on corporations imposes a smaller first-order
welfare loss than a tax on non-corporate firms. We study the consequences of
tax reform and compare the role of taxation with other institutional reforms.

Authors Keuschnigg, Christian; Egger, Peter & Winner, Hannes
Language English
Keywords Incorporation, corporate tax, external capital, limited liability.
Subjects economics
HSG Classification contribution to scientific community
HSG Profile Area SEPS - Economic Policy
Refereed No
Date 2012
Depositing User Prof. Dr. Christian Keuschnigg
Date Deposited 20 Apr 2012 09:19
Last Modified 23 Aug 2016 11:12
URI: https://www.alexandria.unisg.ch/publications/211585

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Citation

Keuschnigg, Christian; Egger, Peter & Winner, Hannes: Incorporation and Taxation. , 2012,

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https://www.alexandria.unisg.ch/id/eprint/211585
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