Holdings als Mittel der Steuerplanung zur Implementierung von steuerlich motiviertem Fremdkapital

Martin Ruf ()
Additional contact information
Martin Ruf: Universität Mannheim, Schloss

Schmalenbach Journal of Business Research, 2010, vol. 62, issue 8, 883-910

Abstract: Abstract This paper shows the empirical importance of holdings in combination with fiscal unions for implementing tax induced debt finance. Holdings are responsible for half of the internal liabilities on the balance sheet of German subsidiaries of foreign multinationals summing up to 11 8 billion Euros in 2005. Furthermore the leverage of holdings reacts stronger to tax incentives. The specific importance of holdings for implementing tax induced debt finance may thus explain why prior empirical studies find a surprisingly low response of the leverage to tax incentives.

Keywords: F23; G32; H25; M41; Business Taxation; Corporate Finance; Empirical; Holdings; Leverage; Tax Planning; Empirie; Holdings; Steuerplanung; Unternehmensbesteuerung; Unternehmensfinanzierung; Verschuldungsgrad (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/BF03373682 Abstract (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sjobre:v:62:y:2010:i:8:d:10.1007_bf03373682

Ordering information: This journal article can be ordered from
https://www.springer.com/journal/41471

DOI: 10.1007/BF03373682

Access Statistics for this article

More articles in Schmalenbach Journal of Business Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().