In China, firms within a business group may be able to access funds provided by a parent-owned finance company within … firms to increase their cash holdings through deposits in the group's finance company and invest the collected deposits in … business group reaps most, if not all, the profits from the finance company, at the expense of member firms' increased holding …

We study profitable firms with no tax expenses. We find that the proportion of profitable firms that owe zero taxes … recent years. Zero-tax firms thus represent a major group of tax avoiders. However, we find that zero-tax firms avoid taxes …

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 …. Secondly, results from an augmented Lintner model imply that increases in dividend taxes indeed have a statistically …