This paper examines how the distortions caused by dividend taxation depend on whether or not shareholders can recover … their original equity injections without being subject to the dividend tax. We point out the alternative assumptions in the … distortive effects of dividend taxation. …

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 …

penalized dividend income and that cross-border equity investments affect the relation between taxes and the cost of equity …

Prior research finds that firms pay special dividends before a dividend tax increase. We examine the real effects of …. When (tax-insensitive) institutional investors likely influence the dividend, for the benefit of shareholders other than … both market responses to tax-motivated special dividend announcements and total factor productivity changes around the …

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 …