Taxes and company dividends: a microeconometric investigation exploiting cross-section variation in taxes
We use panel data for 1,218 UK industrial and commercial companies between 1970 and 1990 to investigate whether dividends are affected by taxes. Cross-section variation in the tax cost of paying dividends results from surplus advance corporation tax (ACT) affecting some firms during this period. Obs...
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| Formato: | Journal article |
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1996
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