dividends. We show both theoretically and empirically that dividends signal safer, rather than higher, future profits. Using the … model's predictions, cash-flow volatility changes in the opposite direction from that of dividend changes and larger changes …

dividend income at the household level. A reduction of the tax burden on dividends is therefore merely an undesirable subsidy …This paper analyses the optimal taxation of dividends and other types of income from portfolio investment. We show that …, in an open economy, it is not desirable to offer double taxation relief for dividends paid by domestic firms to domestic …

personal taxes on dividends and capital gains will not reduce the cost of capital. Some authors have shown that even for small …

This paper examines how the effects of dividend taxation on the cost of new equity funds depend on whether or not … shareholders can recover their original equity injections without being subject to the dividend tax. We point out the alternative … cash to its shareholders that is not taxed as dividends, the other where the shareholders are allowed a tax-free return of …

In this study we explore how a firm-level dividend tax on redistributed foreign profits affects the financial decisions …-called equalization tax (EQT) used to be a regular element of European imputation systems, designed to ensure that dividends were not paid … find a 23 percent increase in dividend payments and a similar increase in repatriated foreign profits after the repeal of …

to a dividend tax is above the old view double-tax one, (iii) the start-up investment is not affected by undervaluation …, but the discouragement engendered by dividend taxation is compensated by realization-based capital gains tax, (iv) with … suggests, (v) without undervaluation, the dividend tax boosts expansion investment. …

We study the effect of reforms that close loopholes in the enforcement of the dividend-withholding tax (DWT). We focus … quantity of stocks on loan. Before the reform all Nordic countries have a strong spike in stocks on loan centered around the ex-dividend … portfolio investment or dividend policy. We also consider DWT arbitrage among 15 European countries between 2010-2019. We find …