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Taxation and Dividend Policy : The Muting Effect of Agency Issues and Shareholder Conflicts

Jacob, Martin - 2017

examine how dividend taxation affects payout. Utilizing an exogenous shock to dividend taxation, we show that absent any … frictions, dividend taxation has a large impact on payout. As agency issues and shareholder conflicts increase, owners' tax …-preferences have significantly smaller impact on payout. We identify three mechanisms that reduce the dividend-tax sensitivity …

Persistent link: https://www.econbiz.de/10012972561

Tax Evasion and Self-Employment in a High-Tax Country : Evidence from Sweden

Engstrouml;m, Per - 2007

Self-employed individuals have arguably greater opportunities than wage earners to underreport their incomes. The incentives for underreporting should be especially strong in an economy with generally high taxes. This paper uses recent income and expenditure data to examine the extent of...

Persistent link: https://www.econbiz.de/10012778442

Income taxation and hours worked in different types of entrepreneurship

Can, Ege; Fossen, Frank M. - 2023

We investigate the effect of personal income tax (PIT) rates on the number of hours entrepreneurs work weekly. Using the rotating panel data from the Annual Social and Economic Supplement of the Current Population Survey from 2003 to 2019, we estimate instrumental variable regressions in first...

Persistent link: https://www.econbiz.de/10014445272

Do inflation and high taxes increase bank leverage?

Hortlund, Per (contributor) - 2005

Does the combination of inflation and high corporate taxes explain the increase in bank leverage in the 20th century? Inflation automatically increases bank debt, while high corporate taxes hinder capital accumulation. Capital ratios therefore drop, until leverage-induced returns are sufficient...

Persistent link: https://www.econbiz.de/10003191116