Do multinational firms respond to personal dividend income tax rates
Bibliographic Data
| ID | 21541959 |
|---|---|
| Authors | M Jonathan C Eklund (0000-0002-6662-6423, University of Tübingen, corresponding author) |
| Year | 2022 |
| Volume | 62 |
| Issue | 4 |
| Pages | 1743-1771 |
| Publication date | 2022-04-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Empirical Economics (JOURNAL) |
| Journal identifiers | ISSN: 0377-7332 • E-ISSN: 1435-8921 |
| Publisher | Springer Science and Business Media LLC (PUBLISHER) |
| DOI | 10.1007/s00181-021-02088-2 |
| OpenAlex | W3180856819 |
| Language | EN |
| Citations received | 1 |
| References cited | 36 |
This study examines the effect of investor-level income taxes on profit repatriation and dividend payout policies of multinational firms. The empirical estimations include two million firm-year observations in 130 countries. By augmenting the Lintner model of dividend payments, I employ parametric as well as semiparametric techniques to provide evidence that income taxes on dividends neither alter dividend payments to investors nor within-firm dividend payments. These results remain robust to a wide range of alternative specifications
Business · Dividend · Dividend policy · Dividend tax · Economics · Empirical evidence · Financial economics · Gross income · Monetary economics · Multinational corporation · Payment · Public economics · State income tax · Tax reform · Corporate Finance and Governance · Corporate Taxation and Avoidance · Taxation and Compliance Studies · Finance
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| Citations per year | 0.5 |
|---|---|
| Citation span | 2024 - 2024 (1) |
| Highly cited | No |