theory are in line with a number of empirical results, which seem to stay in contrast to existing theories on capital …

to a dividend tax is above the old view double-tax one, (iii) the start-up investment is not affected by undervaluation …, but the discouragement engendered by dividend taxation is compensated by realization-based capital gains tax, (iv) with … suggests, (v) without undervaluation, the dividend tax boosts expansion investment. …

This paper examines how the effects of dividend taxation on the cost of new equity funds depend on whether or not … shareholders can recover their original equity injections without being subject to the dividend tax. We point out the alternative … that the shareholders cannot recover their original equity injections without being subject to the dividend tax …

We study the effect of reforms that close loopholes in the enforcement of the dividend-withholding tax (DWT). We focus … quantity of stocks on loan. Before the reform all Nordic countries have a strong spike in stocks on loan centered around the ex-dividend … portfolio investment or dividend policy. We also consider DWT arbitrage among 15 European countries between 2010-2019. We find …

dividend income at the household level. A reduction of the tax burden on dividends is therefore merely an undesirable subsidy …

buybacks optimally. We then explore the implications of various shocks commonly facing them, such as dividend income …, investment, and tax shocks. The latter include corporate income, capital gains, and dividend income taxes. We find that the model …