tax rates on individual dividend income from zero to 28 percent. We document strong timing effects on dividend payout on a … corporations' debt-equity ratios. The debt ratios drop sharply after the implementation of the reform. -- Neutral dividend tax …

The study sets out to measure how the taxation of dividend and debt affects firm value. Tax hypothesis predicts that … between dividend and firm value and negative relationship between debt and firm value in both small-sized firms and big firms …’ sub-sample. The study concludes that dividend and debt convey information about profitability of firms. This information …

"To study the long-run effect of dividend taxation on aggregate capital accumulation, we build a dynamic general … equilibrium model in which there is a continuum of firms subject to idiosyncratic productivity shocks. We find that a dividend tax … model simulations show that when both dividend and capital gains tax rates are cut from 25 and 20 percent, respectively, to …