Should intergenerational transfers of family firms have tax alleviations?

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dc.contributor Aalto University en
dc.contributor Aalto-yliopisto fi
dc.contributor.author Kaari, Jari
dc.date.accessioned 2013-01-14T11:34:58Z
dc.date.available 2013-01-14T11:34:58Z
dc.date.issued 2011
dc.identifier.uri https://aaltodoc.aalto.fi/handle/123456789/7413
dc.description.abstract The research objective is to examine intergenerational transfers of firms and especially the effects of tax alleviations to intergenerational transfers of family firms on economy’s efficiency. The research is a literature survey on theoretical models of intergenerational transfer of firms. The study begins with a brief summary of the ongoing public discussion and the political decisions that have been made to ease intergenerational business transfers of family firms. This is followed by a short survey of economics of entrepreneurship. The third chapter discusses the transfer of tacit knowledge and entrepreneurial skills to the following entrepreneurial generation. In the fourth chapter, the issue of tax alleviations to Intergenerational transfer of family firms is studied. According to my research, it seems that tax alleviations on continued family firms are not an efficiency enhancing policy for the economy. A preferential tax treatment of intergenerational transfer of a firm has efficiency diminishing effects, if the enterprise stays in family control, while it would do better off under the leadership of an outsider. Also, the positive effects of creative destruction seem to dominate the costs saved by inducing intergenerational transfers of family firm transfers by tax alleviations. The results suggest that an efficient government policy is to support the creation of trust between market participants, so that valuable tacit entrepreneurial knowledge would be efficiently transferred to following entrepreneurial generation. en
dc.format.extent 63
dc.language.iso en en
dc.title Should intergenerational transfers of family firms have tax alleviations? en
dc.type G2 Pro gradu, diplomityö fi
dc.contributor.school Kauppakorkeakoulu fi
dc.contributor.school School of Business en
dc.contributor.department Department of Economics en
dc.contributor.department Taloustieteen laitos fi
dc.subject.keyword Entrepreneurship
dc.subject.keyword intergenerational transfer
dc.subject.keyword occupational choice
dc.subject.keyword tax alleviation
dc.identifier.urn URN:NBN:fi:aalto-201305163128
dc.type.dcmitype text en
dc.programme.major Economics en
dc.programme.major Kansantaloustiede fi
dc.type.ontasot Master's thesis en
dc.type.ontasot Pro gradu tutkielma fi
dc.subject.helecon kansantaloustiede
dc.subject.helecon economics
dc.subject.helecon yrittäjyys
dc.subject.helecon entrepreneurship
dc.subject.helecon sukupolvenvaihdos
dc.subject.helecon succession of generations
dc.subject.helecon verotus
dc.subject.helecon taxation
dc.ethesisid 13069
dc.date.dateaccepted 2011-05-13
dc.location P1 I


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