government seeking to extract surplus from entrepreneurs would naturally tax equity-generated income more than debt … along their debt-to-equity ratios, the optimal non-linear tax schedule to achieve the desired discrimination is isomorphic …

The introduction of the 2006 Norwegian shareholder income tax was announced in advance, and it increased top marginal … tax rates on individual dividend income from zero to 28 percent. We document strong timing effects on dividend payout on a … corporations' debt-equity ratios. The debt ratios drop sharply after the implementation of the reform. -- Neutral dividend tax …

contrast, the tax influence on the benefits of a SOP remains widely unperceived. This article deals with both cost and benefit … and shareholders can be quantified. Comparing the results in a tax-free world to the results taking into account different … levels of taxation several tax-induced incentive distortions can be identified. …

investment incentives of tax law asymmetries. Integrating an initial loss carryforward at the time of investment creates a … of all parameters under consideration. On average, a domestic minimum tax and a time limit on loss carryforwards tend to …

The paper provides a comprehensive assessment of the latest German corporate income and capital tax reform, which … entails a major shift of the capital tax burden from the firm to the household level. Using a dynamic two-country computable … affected by the reform. Key to the limited growth is the domestic investors' portfolio choice as a channel for tax avoidance at …

This paper estimates the causal effect of corporate tax hikes on firm investment based on more than 1,400 local tax … study how tax hikes induce firms to revise their investment decisions. On average, the share of firms that invest less than … previously planned increases by three percentage points after a tax hike. This effect is twice as large during recessions. …

business income to tax authorities, we show that a fall in the tax rate may increase investment in risky entrepreneurial …, including private business equity. In a system of simultaneous demand equations in first differences, we identify the tax … effects by an instrumental variables approach exploiting tax reforms during our observation period. To account for selection …

We analyze the short and long-run performance of firms that were differentially affected by a new tax on dividends in the … financial year-end dates to causally identify the policy impact. Consistent with intertemporal tax arbitrage, immediately …