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The Norwegian Shareholder Tax Reconsidered
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Economics.
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Economics, Uppsala Center for Fiscal Studies.
2011 (English)Report (Other academic)
Abstract [en]

In an article in International Tax and Public Finance, Peter Birch Sørensen (2005) gives an in-depth account of the new Norwegian Shareholder Tax, which allows the shareholders a deduction for an imputed risk-free rate of return. Sørensen’s positive evaluation appears as reasonable for a closed economy where the deduction for the imputed return is capitalized into the market prices of corporate shares. We show that in a small open economy where no capitalization occurs, the Norwegian shareholder tax is likely to leave the distortions caused by the corporate income tax unaffected, and to add new distortions to shareholders’ portfolio decisions.

Place, publisher, year, edition, pages
Uppsala: Department of Economics, Uppsala University , 2011. , 23 p.
Series
Working paper / Department of Economics, Uppsala University (Online), ISSN 1653-6975 ; 2011:6
Keyword [en]
Tax neutrality, open economy, shareholder taxation, corporate-personal tax
National Category
Economics
Research subject
Economics
Identifiers
URN: urn:nbn:se:uu:diva-152570OAI: oai:DiVA.org:uu-152570DiVA: diva2:413409
Available from: 2011-04-29 Created: 2011-04-28 Last updated: 2011-04-29Bibliographically approved

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Department of EconomicsUppsala Center for Fiscal Studies
Economics

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