The Rise of Private Foundations as Owners of Swedish Industry: The Role of Tax Incentives 1862–2018
Dan Johansson (),
Mikael Stenkula () and
No 2018:10, Working Papers from Örebro University, School of Business
The tax system has at times favoured firm control through private foundations, which has been argued to inhibit high-impact entrepreneurship and economic growth. However, research has been hampered due to a lack of systematic historical tax data. The purpose of this study is threefold. First, we describe the evolution of tax rules for private foundations in Sweden between 1862 and 2018. Second, we calculate the marginal effective tax rate on capital income. Third, we examine the incentives to use private foundations as a means for corporate control by comparing the taxation of private foundations and of high-impact entrepreneurs. Tax incentives help explain why economically significant private foundations were founded between World War I and the 1960s.
Keywords: family firms; foundations; high-impact entrepreneurship; owner; taxation (search for similar items in EconPapers)
JEL-codes: H20 K34 L26 N44 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ent, nep-his and nep-pbe
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
https://www.oru.se/globalassets/oru-sv/institution ... s2018/wp-10-2018.pdf Full text (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:hhs:oruesi:2018_010
Access Statistics for this paper
More papers in Working Papers from Örebro University, School of Business Örebro University School of Business, SE - 701 82 ÖREBRO, Sweden. Contact information at EDIRC.
Bibliographic data for series maintained by ().