monthly observations on real oil prices, real equity prices and real dividends. We confirm the perverse positive relationship … stable negative relationship between oil prices and real dividends which we argue is a better proxy for economic activity (as …

dividends. We show both theoretically and empirically that dividends signal safer, rather than higher, future profits. Using the …

This paper analyses the optimal taxation of dividends and other types of income from portfolio investment. We show that …, in an open economy, it is not desirable to offer double taxation relief for dividends paid by domestic firms to domestic … dividend income at the household level. A reduction of the tax burden on dividends is therefore merely an undesirable subsidy …

income, which identifies business income as it is earned by companies rather than when it is paid out as dividends to owners …

This article studies the effects of tax competition on the provision of public goods under business risk and partial …

Under conditions of risk it makes a difference whether the discount rate is determined as an expected present or as an …