| Autor: Jolanta Iwin-Garzyńska | 111 |
Strony: 111-122
Słowa kluczowe: neutralność podatku, podatek od towarów i usług, fundusze unijne
Keywords: Neutrality tax, Value Added Tax, UE subvention
pełen tekst
NEUTRALITY OF VALUE ADDED TAX IN THE ASPECT OF THE ESSENCE OF TAXATION IN THE THEORY OF CORPORATE FINANCE: THE CASE OF ACQUIRING FIXED ASSETS FINANCED BY EU SUBVENTION
Summary
The problem of influence of taxation on the choice of sources of financing is well described in theory of finance, especially in the aspect of usage of interest tax shield. Less attention is paid to the issue of the effect of taxation on the actual level of cash flows. The aim of the article is to underline the essence of tax in theory of corporate finance and to show the lack of neutrality of value added tax using the example of acquiring fixed assets financed with EU subvention.
Słowa kluczowe: neutralność podatku, podatek od towarów i usług, fundusze unijne
Keywords: Neutrality tax, Value Added Tax, UE subvention
pełen tekstNEUTRALITY OF VALUE ADDED TAX IN THE ASPECT OF THE ESSENCE OF TAXATION IN THE THEORY OF CORPORATE FINANCE: THE CASE OF ACQUIRING FIXED ASSETS FINANCED BY EU SUBVENTION
Summary
The problem of influence of taxation on the choice of sources of financing is well described in theory of finance, especially in the aspect of usage of interest tax shield. Less attention is paid to the issue of the effect of taxation on the actual level of cash flows. The aim of the article is to underline the essence of tax in theory of corporate finance and to show the lack of neutrality of value added tax using the example of acquiring fixed assets financed with EU subvention.