Taxes and dividend policy under alternative tax regimes
This paper examines changes in corporate dividend policy around the introduction of a dividend imputation tax system. This represented a significant change to the Australian tax framework and allows us to test the effect of differential taxation on corporate dividend policy. Consistent with the tax preference for the distribution of dividends, we find dividend initiations, all dividend payout measures and dividend reinvestment plans increased with the introduction of dividend imputation....[Show more]
|Collections||ANU Research Publications|
|Source:||Journal of Corporate Finance|
|01_Pattenden_Taxes_and_dividend_policy_2008.pdf||211.2 kB||Adobe PDF||Request a copy|
Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.