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Unternehmensbewertung nach HFA 2/1983: Ausländische Einkünfte, steuerliches Anrechnungsverfahren, Ausschüttungspolitik


  • Popp, Matthias


Bei einer Unternehmensbewertung nach IDW müssen grundsätzlich persönliche Einkommensteuern berücksichtigt werden. Nach dem früheren Anrechnungsverfahren (bis 2000) führten ausländische Einkünfte auf Ebene der Kapitalgesellschaft häufig zu steuerfreien Eigenkapitalzugängen. Bei Ausschüttung an den Anteilseigner unterlagen die Dividenden aber der persönlichen Einkommensteuer. Das Arbeitspapier untersucht, wie unter diesen Bedingungen die Besteuerung sachgerecht bei der Bewertung berücksichtigt werden sollte.

Suggested Citation

  • Popp, Matthias, 2011. "Unternehmensbewertung nach HFA 2/1983: Ausländische Einkünfte, steuerliches Anrechnungsverfahren, Ausschüttungspolitik," Working Papers in Accounting Valuation Auditing 2011-3, Friedrich-Alexander University Erlangen-Nuremberg, Chair of Accounting and Auditing.
  • Handle: RePEc:zbw:fauacc:20113

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    Unternehmensbewertung; Bewertungsstandard; international; ausländische Einkünfte; Besteuerung; Einkommensteuer; Körperschaftsteuer; Anrechnungsverfahren; Dividendenpolitik; objektivierter Wert; IDW; Institut der Wirtschaftsprüfer; Business Valuation; Valuation Standard; HFA 2/1983; IDW; Institut der Wirtschaftspruefer; Germany; International; Foreign Income; Taxation; Personal Income Tax; Corporate Income Tax; Corporation Tax Imputation System; Dividend Policy;

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law
    • K41 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Litigation Process
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation

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