Egger, Peter; Merlo, Valeria; Ruf, Martin; Wamser, Georg - CESifo - 2012
suggest that the switch to tax exemption not only changed dividend repatriation behavior of firms but also the conditions …Until 2009, the United Kingdom operated a system of worldwide taxation. Taxation of foreign income was deferred until … repatriated as dividends, leaving UK-owned multinational firms the possibility of avoiding UK taxation by delaying dividend …