We study the effect of tax policy on stock market returns in the United States, Germany, and the United Kingdom using … GARCH models and a unique daily dataset of legislative tax changes during the period 1 December 1978 to 31 January 2018. We … find that days of discretionary tax legislation during all stages of the process often matter for returns, both in terms of …

We study the effect of tax policy on stock market returns in the United States, Germany, and the United Kingdom using … GARCH models and a unique daily dataset of legislative tax changes during the period 1 December 1978 to 31 January 2018. We … find that days of discretionary tax legislation during all stages of the process often matter for returns, both in terms of …

We study the effect of tax policy on stock market returns in the United States, Germany, and the United Kingdom using … GARCH models and a unique daily dataset of legislative tax changes during the period 1978 to 2018. We find that days of … discretionary tax legislation during all stages of the process often matter for returns, both in terms of statistical significance …

Germany's repeal of the corporate capital gains tax for the disposal of domestic holdings was expected to substantially … probability of a disposal increased after the tax reform. Using a unique data set with no need to proxy for the disposal of …

Germany's repeal of the corporate capital gains tax for the disposal of domestic holdings was expected to substantially … probability of a disposal increased after the tax reform. Using a unique data set with no need to proxy for the disposal of …

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 …

We analyse how tax incentives in the form of accelerated depreciations ("bonus depreciation") affect business … investment. By exploiting exogenous variation in tax regulation of a regional bonus depreciation program in the former East …

Germany's repeal of the corporate capital gains tax for the disposal of domestic holdings was expected to substantially … probability of a disposal increased after the tax reform. Using a unique data set with no need to proxy for the disposal of …

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 …