capitalisation of future dividend taxes in retained earnings, and it is robust to inclusion of a variety of control variables and … tests for possible alternative explanations. Second, we find that differences in dividend tax rates across U.S. tax regimes …-country variation in dividend tax rates is associated with predictable variation in the implied tax discount. Furthermore, the …

tax rates on individual dividend income from zero to 28 percent. We document strong timing effects on dividend payout on a …

We present empirical evidence which suggests that a big increase in dividend taxation for UK pension funds in July 1997 … affected the form in which some UK companies chose to make dividend payments, but otherwise had limited effects on both the … level of dividend payments and the level of investment. These findings are consistent with a version of the 'new view' of …

This paper explores the impact dividend taxes exert on the dividends repatriated from foreign affiliates to their … German parent company. Based on an augmented Lintner model of firms' dividend payout decisions, the paper focusses on cross …-border intra-firm dividend payments of wholly-owned foreign affiliates in the manufacturing sector. Firm-level data from the …