NDLI: Tax exemption of profits from dispositions of holdings in corporations by natural persons?

Content Provider	Springer Nature Link
Author	Schmiel, Ute
Copyright Year	2011
Abstract	Gegenstand dieses Beitrags ist die Frage nach der steuerlichen Behandlung von Gewinnen aus der Veräußerung von Beteiligungen an Kapitalgesellschaften, bei der Steuerwirkungen verringert werden. Dabei werden Steuerwirkungen unter realistischer Unsicherheit expliziert. Unter realistischer Unsicherheit sind Steuerwirkungen bei der Besteuerung von Veräußerungsgewinnen aus offenen und stillen Reserven möglich, aber nicht zwingend. Die Analyse zeigt ferner, dass für Veräußerungsgewinne aus stillen Reserven jede Form der Besteuerung Steuerwirkungen erwarten lässt. Dies gilt auch für die Steuerfreiheit von Veräußerungsgewinnen. Bei Veräußerungsgewinnen aus offenen Reserven rufen im Teileinkünfte-/Abgeltungsteuersystem die Steuerfreiheit von Veräußerungsgewinnen aus offenen Reserven und die Sofortabschreibung offener Reserven selbst wieder Steuerwirkungen hervor. Im Teileinkünfte-/Abgeltungsteuersystem verringert nur die ausschüttungsbedingte Teilwertabschreibung Steuerwirkungen. Allerdings gilt dies nur für personenbezogene Kapitalgesellschaften, für Publikumskapitalgesellschaften müssen Steuerwirkungen hingenommen werden. Jenseits des Teileinkünfte-/Abgeltungteuersystems ist im Teilhabersteuersystem, in dem Veräußerungsgewinne aus offenen Reserven steuerfrei gestellt sind, ebenfalls mit Steuerwirkungen zu rechnen. Im Vergleich dazu löst die vom Sachverständigenrat vorgeschlagene Duale Einkommensteuer die Problematik der Steuerwirkungen durch die (partielle) Steuerfreiheit von Veräußerungsgewinnen besser.Subject of this article is the question for the taxation of capital gains of holdings in corporations, in which tax effects are reduced. Thereby tax effects are explicated under realistic uncertainty. Under realistic uncertainty tax effects are possible in case of taxation of capital gains, but not mandatory. Furthermore the analysis shows that for capital gains from concealed reserves each form of taxation will entail tax effects. This also applies to tax exemption. In the case of capital gains from profit reserves in the applicable corporate income tax system, tax exemption of capital gains from profit reserves and immediate write-off of profit reserves itself evoke tax effects. In the current corporate tax system only the distribution induced write-down of a shareholding to going concern value reduces tax effects. Nevertheless, this only applies to personal corporations, for public corporations tax effects have to be accepted. Beyond the valid tax system, tax effects must also be expected in a tax system, in which the corporate tax is integrated in the income tax and in which capital gains from profit reserves are tax-exempt. In comparison, the Dual Income Tax as proposed by the German Council of Economic Experts is a better solution for the problem of tax effects caused by the tax exemption of capital gains.
Starting Page	1053
Ending Page	1078
Page Count	26
File Format	PDF
ISSN	00442372
Journal	Zeitschrift für Betriebswirtschaft
Volume Number	81
Issue Number	10
e-ISSN	18618928
Language	English
Publisher	SP Gabler Verlag
Publisher Date	2011-08-25
Publisher Place	Wiesbaden
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Taxation of capital gains Business taxation Tax effects Human Resource Management Organization/Planning Business/Management Science Management/Business for Professionals Accounting/Auditing Production/Logistics/Supply Chain
Content Type	Text
Resource Type	Article
Subject	Business and International Management Economics and Econometrics

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