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Dividend taxation, share repurchases and the equity trap

Lindhe, Tobias; Södersten, Jan - 2009

This paper reconsiders the effects of dividend taxation. Particular attention is paid to the form of the equity trap, that is, the extent to which cash paid to the shareholders must be taxed as dividends. Our analysis shows that Sinn's (1991) criticism of the well-known King and Fullerton (1984)...

Persistent link: https://www.econbiz.de/10010267266

Dividend taxation, share repurchases and the equity trap

Lindhe, Tobias; Södersten, Jan - 2009

This paper reconsiders the effects of dividend taxation. Particular attention is paid to the form of the 'equity trap', that is, the extent to which cash paid to the shareholders must be taxed as dividends. Our analysis shows that Sinn's (1991) criticism of the well-known King and Fullerton...

Persistent link: https://www.econbiz.de/10010321462

Tax treaties worldwide : estimating elasticities and revenue foregone

Janský, Petr; Láznička, Jan - 2019

Much of the foreign direct investment worldwide is affected by one of more than 3000 bilateral tax treaties. There is an agreement that dividend and interest payments respond to these tax treaties' provisions, but evidence is scarce as to the magnitude of this response. We aim to fill in this...

Persistent link: https://www.econbiz.de/10012133588

Retrospective capital gains taxation in the real world

Menoncin, Francesco; Panteghini, Paolo - 2009

In this article, we analyze Auerbach's (1991) proposal of a retrospective capital gains tax, which is equivalent to an accrual tax on an ex-ante basis. Using a continuous-time model with stochastic interest rates, we prove that equivalence holds even if the risk-free asset return is correlated...

Persistent link: https://www.econbiz.de/10003850804

Tax Enforcement (De)Centralization : Tax Compliance Versus Competitiveness

van der Geest, Jesse - 2019

We study tax compliance under decentralized versus centralized tax enforcement. Using a tax administration reform in Canada, we examine which organizational level of tax enforcement leads to higher compliance. Our results show that there is more tax avoidance under centralized tax enforcement....

Persistent link: https://www.econbiz.de/10012889436

Wide vs. Narrow Tax Bases Under Optimal Investment Timing

Panteghini, Paolo M. - 2021

This article compares an ACE system with a CBIT system in an open economy. Using a real-option approach we show that, if a firm can decide when to invest, a tradeoff is found. According to traditional wisdom, a high-income firm investing in an ACE system faces a heavier tax burden at each...

Persistent link: https://www.econbiz.de/10013319097

Profit-sharing rules and the taxation of multinational Internet platforms

Bloch, Francis; Demange, Gabrielle - 2019

This paper analyzes taxation of an Internet platform attracting users from different jurisdictions. When corporate income tax rates are different in the two jurisdictions, the platform distorts prices and outputs in order to shift profit to the low-tax country. We analyze the comparative statics...

Persistent link: https://www.econbiz.de/10012064472

Wide vs. narrow tax bases under optimal investment timing

Panteghini, Paolo - 2004

Persistent link: https://www.econbiz.de/10002173686

Wide vs. narrow tax bases under optimal investment timing : presented at CESifo Area Conference on Public Sector Economics, May 2004

Panteghini, Paolo - 2004

This article compares an ACE system with a CBIT system in an open economy. Using a realoption approach we show that, if a firm can decide when to invest, a tradeoff is found. According to traditional wisdom, a high-income firm investing in an ACE system faces a heavier tax burden at each...

Persistent link: https://www.econbiz.de/10011450221

Effective profit taxation and the elasticity of the corporate income tax base : evidence from German corporate tax return data

Dwenger, Nadja (contributor); Steiner, Viktor (contributor) - 2008

We estimate the elasticity of corporate taxable income with respect to the effective corporate tax rate on the basis of … significant and relatively large point estimate of the average tax base elasticity, which implies that a reduction of the … also find some statistically weak evidence for the hypothesis that the tax base elasticity is higher for corporations that …

Persistent link: https://www.econbiz.de/10003779441