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Tax Treatment of Dividends and Capital Gains and the Dividend Decision Under Dual Income Tax
Kari, Seppo; Karikallio, Hanna - Valtion taloudellinen tutkimuskeskus (VATT), Government … - 2007
The paper analyses efficiency aspects of a dual income tax system with a higher tax on capital gains than dividends. It argues that apart from the distortions to investments claimed in earlier literature, the system puts even more emphasis in creating incentives for entrepreneurs to participate...
Persistent link: https://www.econbiz.de/10005545920
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Entrepreneurs and income-shifting: Empirical evidence from a Finnish tax reform
Harju, Jarkko; Matikka, Tuomas - Valtion taloudellinen tutkimuskeskus (VATT), Government … - 2013
income-shifting behavior affect the effectiveness of taxation. …
Persistent link: https://www.econbiz.de/10010852166
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Taxable Income Elasticity and the Anatomy of Behavioral Response: Evidence from Finland
Matikka, Tuomas - Valtion taloudellinen tutkimuskeskus (VATT), Government … - 2014
This paper uses extensive Finnish panel data from 1995?2007 to analyze the elasticity of taxable income (ETI). I use individual changes in flat municipal income tax rates as an instrument for the overall changes in marginal tax rates. This instrument is not a function of individual income, which...
Persistent link: https://www.econbiz.de/10010852168
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The Elasticity of Taxable Income and Income-shifting: What is "Real" and What is Not?
Harju, Jarkko; Matikka, Tuomas - Valtion taloudellinen tutkimuskeskus (VATT), Government … - 2014
Previous literature shows that income taxation significantly affects the behavior of high-income earners and business …-shifting between tax bases. We show how the explicit inclusion of income-shifting affects the welfare analysis of income taxation. In … income-shifting, we find that dividend taxation significantly affects the real behavior of owners. …
Persistent link: https://www.econbiz.de/10011084739
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The impact of tax incentives on the economic activity of entrepreneurs
Kosonen, Tuomas; Harju, Jarkko - Valtion taloudellinen tutkimuskeskus (VATT), Government … - 2013
Based on existing evidence, we know little about how the taxation of small business owners affects their economic … lighter taxation leads to an increase in the turnover of firms that we interpret as an increase in effort exerted by their …
Persistent link: https://www.econbiz.de/10010628439
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Investment Incentives in Closely Held Corporations and Finland's 2005 Tax Reform
Kari, Seppo; Hietala; Harri - Valtion taloudellinen tutkimuskeskus (VATT), Government … - 2006
replacement of the current full imputation system by a partial double taxation of distributed profits. Considerable exemptions are … applied to relieve the taxation of dividends from CHCs. The analysis indicates that the change in the CHC?s cost of capital …
Persistent link: https://www.econbiz.de/10005545851
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Voluntary pension savings and tax incentives: Evidence from Finland
Harju, Jarkko - Valtion taloudellinen tutkimuskeskus (VATT), Government … - 2012
This paper studies empirically savers? behavioral responses to the Finnish tax reform of 2005 by using comprehensive panel data. The tax schedule of voluntary pension savings changed from progressive to proportional, changing the saving incentives in different subgroups. The results indicate...
Persistent link: https://www.econbiz.de/10010555482
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Dividend taxes and decisions of MNEs: Evidence from a Finnish tax reform
Kari, Seppo; Harju, Jarkko - Valtion taloudellinen tutkimuskeskus (VATT), Government … - 2011
We explore how a firm-level tax on redistributed foreign profits affects the choices of a multinational enterprise (MNE) using evidence from a recent tax reform in Finland. The so-called equalization tax (EQT) used to be a regular element of European imputation systems, designed to ensure that...
Persistent link: https://www.econbiz.de/10009493987
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The impact of dividend taxation on dividends and investment: New evidence based on a natural experiment
Kari, Seppo; Karikallio, Hanna; Pirttilä, Jukka - Valtion taloudellinen tutkimuskeskus (VATT), Government … - 2009
There is a lack of clear evidence of the ways in which dividend taxation affects dividend distributions and investment … old view of dividend taxation. …
Persistent link: https://www.econbiz.de/10008496199
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Anticipating Tax Changes: Evidence from the Finnish Corporate Income Tax Reform of 2005 (Updated version VATT Discussion papers 447)
Kari, Seppo; Karikallio, Hanna; Pirttilä, Jukka - Valtion taloudellinen tutkimuskeskus (VATT), Government … - 2007
Using register-based panel data covering all Finnish firms in 1999?2004, we examine how corporations anticipated the 2005 dividend tax increase via changes in their dividend and investment policies. The Finnish capital and corporate income tax reform of 2005 creates a useful opportunity to...
Persistent link: https://www.econbiz.de/10005545973