TAX INCENTIVISATION OF DEBT FINANCING VS. EQUITY FINANCING: PRESENT STATUS AND APPROACHES TO SOLVE THE TAX ASYMMETRY

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11220%2F22%3A10453201" target="_blank" >RIV/00216208:11220/22:10453201 - isvavai.cz</a>

Výsledek na webu

<a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=.Klbj.A2W6" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=.Klbj.A2W6</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.14712/23366478.2022.43" target="_blank" >10.14712/23366478.2022.43</a>

Jazyk výsledku

angličtina

Název v původním jazyce

TAX INCENTIVISATION OF DEBT FINANCING VS. EQUITY FINANCING: PRESENT STATUS AND APPROACHES TO SOLVE THE TAX ASYMMETRY

Popis výsledku v původním jazyce

Historically, the cost of financing business through debt has reduced income tax paid. Financing via new equity has not. This asymmetry has not been without consequences. The high indebtedness and relative undercapitalisation of corporates creates a risk of reduced resilience to economic shocks. Some countries have introduced tax incentivisation of equity, reduced tax incentivisation of debt, or both. In June 2022, the European Commission proposed a harmonised solution: Debt Equity Bias Reduction Allowance (DEBRA). All EU Member States, including the Czech Republic, should provide corporate income tax deduction for equity, whilst further limiting interest deduction, starting 2024.

Název v anglickém jazyce

TAX INCENTIVISATION OF DEBT FINANCING VS. EQUITY FINANCING: PRESENT STATUS AND APPROACHES TO SOLVE THE TAX ASYMMETRY

Popis výsledku anglicky

Historically, the cost of financing business through debt has reduced income tax paid. Financing via new equity has not. This asymmetry has not been without consequences. The high indebtedness and relative undercapitalisation of corporates creates a risk of reduced resilience to economic shocks. Some countries have introduced tax incentivisation of equity, reduced tax incentivisation of debt, or both. In June 2022, the European Commission proposed a harmonised solution: Debt Equity Bias Reduction Allowance (DEBRA). All EU Member States, including the Czech Republic, should provide corporate income tax deduction for equity, whilst further limiting interest deduction, starting 2024.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

—

OECD FORD obor

50501 - Law

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2022

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Acta Universitatis Carolinae. Iuridica

ISSN

0323-0619

e-ISSN

—

Svazek periodika

68

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

14

Strana od-do

15-28

Kód UT WoS článku

—

EID výsledku v databázi Scopus

2-s2.0-85147153531