/5, examines the measures applied by four large Member States to combat dividend tax-saving arrangements involving EU conduit … dividend conduit arrangements was not compatible with the freedom of establishment. These large EU Member States were … establishment and also consider the legislative principles to be taken into account when designing a measure to combat EU dividend …

We examine stock prices and the number of stocks traded around ex-dividend dates of German stocks with tax …-free dividend. Tax-free dividends are temporarily tax-exempt, as they reduce the initial purchasing price of a stock. With our … empirical results indicate that ex-date prices decline, on average, by the amount of the dividend. We do not find a significant …