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Takeover Protection and Firm Value
Andres, Christian - 2018
We examine firm value consequences of anti-takeover regulation, exploiting the staggered announcement and … implementation of an anti-takeover regulation in the U.K. We show that, on average, takeover protection increases firm value. This … effect is partly driven by innovative firms expanding their R&D activities. However, the anti-takeover regulation also …
Persistent link: https://www.econbiz.de/10012927644
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Zero-Tax Firms
van der Geest, Jesse - 2020
using nonaggressive means: loss-related deductions and nontaxable income are important factors, whereas international tax …
Persistent link: https://www.econbiz.de/10012838748
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Do Personal Income Taxes Affect Corporate Tax-motivated Profit Shifting?
De Vito, Antonio; Hillmann, Lisa; Jacob, Martin; … - 2022
This paper examines the role of personal income taxes in multinationals’ corporate tax–induced profit shifting. As required by corporate tax rules in most countries, firms need economic substance in low–corporate tax countries to justify profit shifting to these countries. Because higher...
Persistent link: https://www.econbiz.de/10013291828
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Welche privaten Veräußerungsgewinne sollten besteuert werden?
Jacob, Martin - 2008
Der vorliegende Beitrag untersucht anhand eines Wachstumsmodells die Entscheidungswirkungen der privaten Veräußerungsgewinnbesteuerung in verschiedenen Steuersystemen.Im Fall des Anteilshandels zwischen privaten Investoren induziert die Veräußerungsgewinnbesteuerung neben der...
Persistent link: https://www.econbiz.de/10003872107
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Taxation, Dividends and Share Repurchases : Taking Evidence Global
Jacob, Marcus - 2013
We compile a comprehensive international dividend and capital gains tax data set to study tax-based explanations of …
Persistent link: https://www.econbiz.de/10013095227
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Capital Gains Taxes and the Realization of Capital Gains and Losses - Evidence from German Income Tax Data
Jacob, Martin - 2013
This paper analyzes the impact of capital gains taxation on the decision to realize capital gains and losses when gains are tax-exempt after a certain holding period. Theory predicts that high marginal tax rates incentivize investors to realize taxable losses. In contrast, the propensity to...
Persistent link: https://www.econbiz.de/10013095633
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Takeover protection and firm value
Andres, Christian; Jacob, Martin; Ulrich, Lennart - In: Review of law and economics : publ. in cooperation with … 15 (2019) 1, pp. 1-46
Persistent link: https://www.econbiz.de/10012026940
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Mitigating shareholder taxation in small open economies?
Jacob, Martin; Södersten, Jan - 2012 - This version: September 10, 2012
This article reconsiders the role of dividend taxation and its effect on the cost of capital of small firms. Using a simple portfolio model for small open economies, we show that a decrease in dividend taxes on large companies unambiguously increases the required rate of return for small...
Persistent link: https://www.econbiz.de/10009618457
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Corporate tax reforms and tax-motivated profit shifting
Alexander, Anna; De Vito, Antonio; Jacob, Martin - 2016
This paper examines whether the profit-shifting trend in Europe during 2003–2013 can be explained by tax policy changes. Consistent with prior literature, we find that affiliates' profits are sensitive to tax rate changes. However, we document that tax base–broadening reforms have mitigated...
Persistent link: https://www.econbiz.de/10012000149
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Beyond Borders : Supragovernmental Tax Enforcement and Investment
Fox, Zackery D. - 2020
Amid growing globalization, many countries have offered significant tax incentives to attract corporate investment. Prior research studies the role such tax incentives play in firms' location and investment choices. However, we have limited evidence on the role tax enforcement plays in those...
Persistent link: https://www.econbiz.de/10012831125