Fiscalité de l’introduction en Bourse

Tax Shield of Initial Public Offering

Mohamed Lachaari, El Mehdi Inani and Rachid Barigo

MPRA Paper from University Library of Munich, Germany

Abstract: The IPO is a procedure by which a public company under common law is introduced on the stock exchange market using the shares issue, either by opening its existing capital to new stockholders or by proceeding by an equity increasing. This procedure, while respecting certain conditions, opens the right to benefits and exemptions in terms of corporate tax for listed company, which will be seen later, and in terms of personal income tax for the individual investors in the company issued securities that concerns the business equity savings plans management.

Keywords: Tax shield; Initial public offering; IPO; Corporation tax; Personal income tax; traditional financial market; Islamic financial market (search for similar items in EconPapers)
JEL-codes: G1 G18 M41 (search for similar items in EconPapers)
Date: 2017-05-01
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