Reforming capital gains taxation of intercorporate share realizations : a law and economics approach from a Nordic perspective

Anu Torkkeli; Matti Kukkonen

Open Access

Reforming capital gains taxation of intercorporate share realizations : a law and economics approach from a Nordic perspective

Anu Torkkeli

and

Matti Kukkonen

| Jun 17, 2017

Nordic Tax Journal

Volume 2017 (2017): Issue 1 (January 2017)

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Published Online: Jun 17, 2017

Page range: 47 - 58

Received: Mar 12, 2017

Accepted: Mar 31, 2017

DOI: https://doi.org/10.1515/ntaxj-2017-0003

Keywords
taxation, international taxation, features of good tax systems, tax exemption, participation exemption, income, capital, capital gains, corporate reorganizations, group of companies, tax refom, lock-in, accrual tax

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

A possible realistic Nordic model for taxing intercorporate capital gains

Comparison of the corporate capital gains taxation models in the European Union countries (2014)

Fullexemptionon capitalgains onshares	Partialexemptionon capitalgains onshares	Full exemption ofcapital gains onsome other assetsin addition toshares	Partial exemptionon capital gains onsome shares andsome other assetsin addition to shares	Full exemptionon capital gainson other assetsthan shares	Nocorporatecapitalgains taxexemption
Austria	Belgium	Cyprus	Portugal	Poland	Croatia
Bulgaria	France	Estonia			Greece
Czech	Italy	Hungary			Slovakia
Republic
Germany	Slovenia	Spain
Ireland
Latvia
Lithuania
Luxembourg
Malta
Netherlands
Romania
United
Kingdom

Comparison of the corporate capital gains taxation models in the Nordic countries (2016)

	Denmark	Finland	Iceland	Norway	Sweden
Tax rate	22	20	20	25	22
Capital gains tax treatmentin normal case	Ordinaryincome	Ordinaryincome	Ordinaryincome	Ordinaryincome	Ordinaryincome
Capital gains tax exemption	Sale ofsubsidiary andgroup shares	Sale of shares	Sale of shares	Sale of shares	Sale ofbusiness-related shares

eISSN:: 2246-1809
Language:: English

Publication timeframe:: Volume Open
Journal Subjects:: Business and Economics, Business Management, Business Law, Political Economics, Public Finance and Fiscal Theory, Law, History, Philosophy and Sociology of Law, Public Law, Tax and Accounting Law

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Reforming capital gains taxation of intercorporate share realizations : a law and economics approach from a Nordic perspective

Article Category: Article

Published Online: Jun 17, 2017

Page range: 47 - 58

Received: Mar 12, 2017

Accepted: Mar 31, 2017

DOI: https://doi.org/10.1515/ntaxj-2017-0003

Keywords
taxation, international taxation, features of good tax systems, tax exemption, participation exemption, income, capital, capital gains, corporate reorganizations, group of companies, tax refom, lock-in, accrual tax

© 2017 A. Torkkeli and M. Kukkonen

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Figure 1

Comparison of the corporate capital gains taxation models in the European Union countries (2014)

Comparison of the corporate capital gains taxation models in the Nordic countries (2016)

Reforming capital gains taxation of intercorporate share realizations : a law and economics approach from a Nordic perspective

Article Category: Article

Published Online: Jun 17, 2017

Page range: 47 - 58

Received: Mar 12, 2017

Accepted: Mar 31, 2017

DOI: https://doi.org/10.1515/ntaxj-2017-0003

Keywordstaxation, international taxation, features of good tax systems, tax exemption, participation exemption, income, capital, capital gains, corporate reorganizations, group of companies, tax refom, lock-in, accrual tax

© 2017 A. Torkkeli and M. Kukkonen

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Figure 1

Comparison of the corporate capital gains taxation models in the European Union countries (2014)

Comparison of the corporate capital gains taxation models in the Nordic countries (2016)

Keywords
taxation, international taxation, features of good tax systems, tax exemption, participation exemption, income, capital, capital gains, corporate reorganizations, group of companies, tax refom, lock-in, accrual tax