The effect of capital gains taxation on small business transfers and start-ups

Myeonghwan Cho

doi:10.1016/j.econmod.2013.09.002

The effect of capital gains taxation on small business transfers and start-ups

Myeonghwan Cho

School of Economics

Research output: Contribution to journal › Article › peer-review

7 Scopus citations

Abstract

This paper studies the effect of capital gains taxation on small business transfers and business start-ups. We consider a model in which agents have different abilities to manage businesses and derive an agent's optimal choices as an owner or non-owner of a small business. Agents' optimal choices depend on their abilities. We also find that capital gains taxation has a negative effect on small business transfers but can encourage small business start-ups.

Original language	English
Pages (from-to)	447-454
Number of pages	8
Journal	Economic Modelling
Volume	36
DOIs	https://doi.org/10.1016/j.econmod.2013.09.002
State	Published - Jan 2014

Keywords

Business start-up
Capital gains taxation
Lock-in effect

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10.1016/j.econmod.2013.09.002

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The effect of capital gains taxation on small business transfers and start-ups

Abstract

Keywords

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