The Norwegian Shareholder Tax Reconsidered
In an article in International Tax and Public Finance, Peter Birch Sørensen (2005) gives an in-depth account of the new Norwegian Shareholder Tax, which allows the shareholders a deduction for an imputed risk-free rate of return. Sørensen’s positive evaluation appears as reasonable for a closed economy where the deduction for the imputed return is capitalized into the market prices of corporate shares. We show that in a small open economy where no capitalization occurs, the Norwegian shareholder tax is likely to leave the distortions caused by the corporate income tax unaffected, and to add new distortions to shareholders’ portfolio decisions.
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| Length: | 21 pages |
| Date of creation: | 25 May 2010 |
| Date of revision: | |
| Publication status: | Forthcoming as Södersten, Jan and Tobias Lindhe, 'The Norwegian Shareholder Tax Reconsidered' in Forthcoming in International Tax and Public Finance. |
| Handle: | RePEc:hhs:uufswp:2010_004 |
| Contact details of provider: | Postal: Department of Economics, Uppsala University, P. O. Box 513, SE-751 20 Uppsala, Sweden Phone: + 46 18 471 25 00 Fax: + 46 18 471 14 78 Web page: http://www.nek.uu.se/ Email: More information through EDIRC
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References listed on IDEAS
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