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Wykman, Niklas
Publications (2 of 2) Show all publications
Johansson, D., Stenkula, M. & Wykman, N. (2018). The Rise of Private Foundations as Owners of Swedish Industry: The Role of Tax Incentives 1862–2018. Örebro: Örebro University
Open this publication in new window or tab >>The Rise of Private Foundations as Owners of Swedish Industry: The Role of Tax Incentives 1862–2018
2018 (English)Report (Other academic)
Abstract [en]

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.

Place, publisher, year, edition, pages
Örebro: Örebro University, 2018. p. 75
Series
Working Papers, School of Business, ISSN 1403-0586 ; 10
Keywords
Family firms, foundations, high-impact entrepreneurship, owner, taxation
National Category
Economics
Identifiers
urn:nbn:se:oru:diva-76039 (URN)
Note

JEL codes: H20; K34; L26; N44

Available from: 2019-09-03 Created: 2019-09-03 Last updated: 2019-09-11Bibliographically approved
Johansson, D., Stenkula, M. & Wykman, N. (2018). The Rise of Private Foundations as Owners of Swedish Industry: The Role of Tax Incentives 1862–2018. Research Institute of Industrial Economics (IFN)
Open this publication in new window or tab >>The Rise of Private Foundations as Owners of Swedish Industry: The Role of Tax Incentives 1862–2018
2018 (English)Report (Other academic)
Abstract [en]

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.

Place, publisher, year, edition, pages
Research Institute of Industrial Economics (IFN), 2018. p. 75
Series
IFN Working Paper ; 1245
Keywords
Family firms, foundations, high-impact entrepreneurship, owner, taxation
National Category
Economics
Identifiers
urn:nbn:se:oru:diva-76038 (URN)10.2139/ssrn.3279580 (DOI)
Note

JEL Classification: D31; H32; K34; L26; N23; O43; P12; P14

Available from: 2019-09-03 Created: 2019-09-03 Last updated: 2019-09-11Bibliographically approved
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