model with strategic interaction between managers and outside shareholders, we hypothesize that, while an increase in the …

Does corporate tax planning benefit shareholders? The prevalent assumption is that it does, because lower corporate tax … shareholders may see a net benefit, while others experience a net loss. Moreover, in certain instances it is reasonable to expect … shareholders exceed the gains to others. I identify a previously underappreciated agency problem, due to which shareholders usually …

increase in aggregate shareholder value. Consistent with shareholders believing that the benefits of the rules—deterrence of … findings provide new evidence that shareholders perceive regulations aiming to curtail risky tax planning differently depending …

This paper examines the response of private firms and their shareholders to a dividend tax increase, which affects only … a small group of shareholders. Using an exogenous shock in Germany, my results suggest that firms do not adjust their … payout policy but corporate minority shareholders, the only ones affected by the increase in shareholder taxes, reduce their …

model with strategic interaction between managers and outside shareholders, we hypothesize that, while an increase in the …

shareholders, particularly those who are Non-Residents and entitled to invoke Double Taxation Avoidance Agreements (DTAA), DDT is …