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Amberger, Harald - 2017

I examine whether and to what extent tax uncertainty affects a firm's dividend payouts. Based on the argument that tax … uncertainty exhibit a lower probability of dividend payouts. The effect of tax uncertainty is stronger in the presence of … negative effect of tax uncertainty on dividend levels, which is moderated by the costs of dividend reductions. These results …

Persistent link: https://www.econbiz.de/10011747298

The effect of small intervention costs on the optimal extraction of dividends and renewable resources in a jump-diffusion model

Framstad, Nils Chr. - 2014 - This version November 27, 2014

A risk-neutral agent optimizes extraction of dividends or renewable natural resources modelled by a jump-diffusion stock process, where the optimal strategy is characterized as the minimal intervention required to keep the stock process inside a given region. The introduction of a small fixed...

Persistent link: https://www.econbiz.de/10010436722

The effects of a tax allowance for growth and investment : empirical evidence from a firm-level analysis

Petutschnig, Matthias; Rünger, Silke - 2017

We contribute to the empirical literature on the debt bias of corporate income taxation through a firm-level evaluation of the European Commission's recent proposal of an Allowance for Growth and Investment (AGI). We use the introduction, the application and the repeal of a similar allowance in...

Persistent link: https://www.econbiz.de/10011747429

Tax misperception and its effects on decision making : a literature review

Blaufus, Kay; Chirvi, Malte; Huber, Hans-Peter; … - 2020

Previous accounting research shows that taxes affect decision making by individuals and firms. Most studies assume that agents have an accurate perception regarding their tax burden. However, there is a growing body of literature analyzing whether taxes are indeed perceived correctly. We review...

Persistent link: https://www.econbiz.de/10012302155

Optimal taxation with endogenous return to capital

Arnaldur Sölvi Kristjánsson - 2016

This paper characterizes the optimal income and wealth tax schedules when rates of return are endogenous. Individuals exert investment effort in order to increase the return on their investments. Agents are heterogeneous along two dimensions: their investment ability and their labour market...

Persistent link: https://www.econbiz.de/10011459208

Capital decay and tax distortions : how to abandon exponential decay and benefit from it

Biørn, Erik - 2009

The appropriate way of quantifying how taxation of a firm's income and capital can distort its optimizing conditions is a recurring issue in the literature on optimal taxation. Exponential decay, although empirically contested, is almost ubiquitous. In the present paper a generalized framework...

Persistent link: https://www.econbiz.de/10003914466

Marginal versus average beta of equity under corporate taxation

Lund, Diderik - 2009

Even for fully equity-financed firms there may be substantial effects of taxation on the after-tax cost of capital. Among the few studies of these effects, even fewer identify all effects correctly. When marginal investment is taxed together with inframarginal, marginal beta differs from average...

Persistent link: https://www.econbiz.de/10003846172

An attempt at evaluating the effect of tax morale on tax evasion

Kisters, Tom - 2022

Although there is ample research on what affects tax morale, empirical evidence that tax morale affects tax evasion is scarce. The reason for this scarcity, is the difficulty to connect a measure of tax morale to a reliable proxy of tax evasion. The primary contribution, is that I identify an...

Persistent link: https://www.econbiz.de/10012801819

Do investors request advance tax rulings to alleviate tax risk (and do tax authorities provide them)? : a joint taxpayers' and tax authorities' view on investment behavior

Diller, Markus; Kortebusch, Pia; Schneider, Georg; … - 2014

Politicians and tax practitioners often claim that tax uncertainty negatively affects investment. In many countries, firms can request fee-based Advance Tax Rulings (ATRs) to mitigate tax uncertainty. We analyze theoretically the circumstances under which investors request ATRs, how tax...

Persistent link: https://www.econbiz.de/10010422137

Can tax rate increases foster investment under entry and exit flexibility? : insights from an economic experiment

Fahr, René; Janssen, Elmar A.; Sureth, Caren - 2014

It is well-known that taxes affect risky investment decisions. Analytical studies indicate that tax rate increases can foster (accelerate) investment if there is flexibility, in particular when an exit option is available. We design an experiment that is based on an analytical model with...

Persistent link: https://www.econbiz.de/10010422257