Oxford University Centre for Business Taxation
The Value Creation Mythology
In: W. Haslehner and M. Lamensch, (eds), Taxation and Value Creation, EATLP International Tax Series, Vol. 19. Amsterdam: Ibfd Publication
Abstract
The paper considers the meaning of "value creation" and explores whether it is a useful notion, either in explaining the existing income allocation rules or alternatively in providing a normative notion to aid the future development of the income allocation rules. The paper concludes that, for a variety of reasons, the notion of value creation is not helpful in either context.