Taxation and forms of organizing business activities

Ekonomski Anali

关键词: personal income tax;    corporate income tax;    forms of organizing business;    economic behaviour;    tax saving;    developed countries;    Serbia;   

DOI  :  10.2298/EKA1396133D

来源: DOAJ

【 摘 要 】

This paper takes sample tax regimes and tendencies from the developedcountries in the EU-15 and the USA, and uses them to analyse the influence oftaxation on the choice of organizational form of profit-oriented entities inSerbia. In order to understand how the procedure of taxation affects thesphere of business decision-making it is necessary to focus on the tax statusof business losses and valorization and the effects of the double taxation ofdividends. The rule of successive deduction of losses ensures the fiscallytransparent entity receives a tax saving in the form of a reduction of thepresent value of the total paid tax. Meanwhile the corporation is handicappedbecause it postpones loss deductions, that is, it postpones tax saving, whichdirectly influences the level of the present value of saved tax. The globaltrend of gradually moving from the classical system towards shareholderrelief provision, above all in the form of a reduced withholding tax rate ondividends, has two opposing features: it simplifies the tax procedure whileneglecting the distributional aims (consequences) of taxation. The analysisof a particular practical example from the Serbian tax context enables us todraw a conclusion in relation to the relative taxes paid by entrepreneursversus enterprises. The developed countries favour fiscally transparententities, whereas Serbia allocates tax privileges to enterprises.

【 授权许可】

Unknown