Empirica

, Volume 8, Issue 2, pp 241–254 | Cite as

Did fictitious profits contribute to the decline in the rate of profit?

  • Robert Blaich
  • Walter Schuster
Article
  • 17 Downloads

Keywords

Economic Growth International Economic Industrial Organization Fictitious Profit 

Zusammenfassung

Ein auf Anschaffungskosten basierendes Steuersystem führt in Zeiten steigender Inflationsraten zu Scheingewinnen und somit einer Erhöhung der realen Steuerbelastung. Als Folge wird ein Absinken des Ertrags pro eingesetzter Kapitaleinheit angeführt. Der folgende Aufsatz zeigt jedoch, daß diesem negative Effekt die Abzugsfähigkeit der Nominalzinsen und die in Österreich betriebene Zinspolitik als neutralisierende Einflüsse gegenüberstehen. Solange die Inflationsrate unter 10% bleibt und eine autonome Zinspolitik betrieben werden kann, bleibt die reale Ertragskraft des Eigenkapitals erhalten.

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Copyright information

© Kluwer Academic Publishers 1981

Authors and Affiliations

  • Robert Blaich
    • 1
  • Walter Schuster
    • 2
  1. 1.Business EconomicsUniversity of ViennaViennaAustria
  2. 2.Department of EconomicsGirozentraleViennaAustria

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