Results 81 to 90 of about 493,244 (213)

Barriers to portfolio investments in emerging stock markets [PDF]

The authors examine to what extent features of the international tax system and indicators of transaction costs affect the required rates of return on emerging stock markets.
Demirguc-Kunt, Asli, Huizinga, Harry
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Tax Reform and Environmental Taxation [PDF]

I measure the industry impacts of an environmental tax reform where a carbon tax is used to finance full or partial corporate tax integration. I find that the industry impacts of such a reform are likely to be modest (in the sense of impacts on returns ...
Gilbert E. Metcalf
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Neutral Taxation of Shareholder Income? Corporate Responses to an Announced Dividend Tax [PDF]

The introduction of the 2006 Norwegian shareholder income tax was announced in advance, and it increased top marginal tax rates on individual dividend income from zero to 28 percent.
Annette Alstadsæter, Erik Fjaerli
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Determinants of Tax Avoidance from a Financial Perspective

Riset Akuntansi dan Keuangan Indonesia
Tax avoidance refers to efforts by taxpayers to reduce tax liabilities by exploiting loopholes in tax regulations. This practice is legal and does not conflict with existing rules.
Nursiam, Eny Kusumawati
doaj   +1 more source

Miller's Equilibrium and Uncertainty. [PDF]

This paper highlights the arbitrage by firms in Miller's (1977) equilibrium when consumers face (short) selling constraints to restrict tax arbitrage. In this competitive equilibrium firms create risky tax-preferred securities that divide investors into ...
Jones, C.
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A general formula for the WACC: A correction [PDF]

This paper corrects some of the equations of Farber, Gillet and Szafarz (2006). The WACC is a discount rate widely used in corporate finance. However, correctly calculating the WACC involves properly calculating the value of tax shields, and the value of
Fernandez, Pablo
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How Much Equity Does the Government Hold? [PDF]

A central point in the recent debate about Social Security in the United States has been the extent to which the federal government should take significant positions in the equity market.
Alan J. Auerbach
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Corporate Taxation and Corporate Governance [PDF]

The effects of corporate taxation on firm behavior have been extensively discussed in the neoclassical model of firm behavior which abstracts from agency problems.
Marko Köthenbürger, Michael Stimmelmayr   +1 more
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Comments on "A reconsideration of tax shield valuation" by Enrique R. Arzac and Lawrence R. Glosten [PDF]

While Arzac and Glosten (2005) affirm that "the value of tax shields depends upon the nature of the equity stochastic process, which, in turn, depends upon the free cash flow process," I prove that the value of tax shields depends only upon the nature of
Fernandez, Pablo
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Redistribution Through the Income Tax: The Vertical and Horizontal Effects of Noncompliance and Tax Evasion [PDF]

This paper uses the unique Taxpayer Compliance Measurement Program (TCMP) micro data to study the equity effects of noncompliance. We access four years of TCMP data, 1979,1982,1985, and 1988. The TCMP data allows us to observe income and taxes before and
John A Bishop, John P Formby, Peter Lambert   +2 more
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