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Die typisierende Berücksichtigung der persönlichen Steuerbelastung des Anteilseigners beim Squeeze-Out

Listed author(s):
  • Heintzen, Markus
  • Kruschwitz, Lutz
  • Löffler, Andreas
  • Maiterth, Ralf
Registered author(s):

    For the valuation of a company it is necessary to take the in come tax of its owners into account. When looking at a squeeze-out with investors who have different wealth this implies that fair compensation payments will be different. This is in contradiction to the German Stock Companies Act. In this paper we discuss how this problem can be solved in an acceptable manner and we determine different average income rates using German tax data. It can be shown that using particular weighted averages indeed lead to the proposal of an income tax rate of 35% which is required by the Association of German CPAs.

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    Paper provided by Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät in its series Hannover Economic Papers (HEP) with number dp-346.

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    Length: 15 pages
    Date of creation: Aug 2006
    Handle: RePEc:han:dpaper:dp-346
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    1. Strauch, Joachim & Wilke, Andrea, 2003. "Der subjektive und typisierte Steuersatz des Anteilseigners in der DCF-Unternehmensbewertung unter Berücksichtigung der geplanten Zinsabgeltungssteuer nach dem RefE-ZinsAbG 7," Arbeitspapiere des Lehrstuhls für Betriebswirtschaftslehre, insbesondere Controlling 5-1, University of Münster, Chair of Management Accounting.
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