Vem vill investera i aktiebolag?: Om den svenska effektiva beskattningen av kapitalinkomster
Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
This essay investigates the capital income taxation of Sweden. Sweden has put into practice a double tax on capital income meaning that corporate profits are taxed twice. First there is the corporate-level tax (22 %) that corporations pay on their earnings. Then there is the investorlevel tax (22 % or 30 %) that is paid by shareholders and/or lenders when corporations distribute earnings to them. The aim of this essay is to estimate effective tax rates in order to analyze how the capital income taxation affects the incentives of a selection of ownercategories to invest in corporations listed at the Swedish stock exchange. The following owner-categories were selected: households, charities, associations and foundations, investment companies, insurance companies and foreign individuals and juridical persons. In order to do this a hypothetical example was constructed where a fictitious corporation was given a profit that was distributed to the different owner-categories. By applying the tax legislation in place for the year of 2013 it was possible to estimate how much tax would be collected from each owner category. The result shows that the capital income taxation is nonneutral. There is a variation in the rate that the owner categories are totally taxed, ranging from 17,6 % to 42,32 %. Implications of the non-neutrality discussed in the essay include impacts on private savings and the ownership pattern on the Swedish stock exchange.
Place, publisher, year, edition, pages
effective tax rate, capital income taxation, Sweden, double taxation, investments, savings, incentives and corporation
IdentifiersURN: urn:nbn:se:uu:diva-219391OAI: oai:DiVA.org:uu-219391DiVA: diva2:699651
Södersten, Jan, Seniorprofessor
Ohlsson, Henry, Professor