Net worth access theory
The net wealth access theory is a financial income theory, which is also known as the Schanz-Haig-Simons concept. It goes back to definitions by Georg von Schanz (1896) and was further developed under Haig (1921) and Simons (1938).
In contrast to the source theory, the net wealth access theory does not presuppose the regularity of income , but rather the income is defined as the maximum consumption of a period without loss of wealth. This means that profits , gifts and inheritances are also added, but interest on debt or asset losses are deducted. Thus the income of a period is the growth of wealth plus consumption.
See also
literature
- Icking, Jan: German income tax law between source and net wealth access theory . German Univ.-Verl., Wiesbaden 1993, ISBN 3-8244-0146-0 (Zugl .: Bochum, Univ., Diploma thesis, 1992).