Download or read book Tax Planning and Investment Responses to Dividend Taxation written by Aliisa Koivisto and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Investment Taxation written by Arlene Mary Hibschweiler and published by McGraw Hill Professional. This book was released on 2003 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publisher Description

Download or read book The International Tax Law Concept of Dividend written by Marjaana Helminen and published by Kluwer Law International B.V.. This book was released on 2010-01-01 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: The distribution of profits between corporations resident in different jurisdictions gives rise to significant tax planning opportunities for multinational enterprises. As cross-border transactions between corporations grow in number and complexity, the question of how a profit distribution is classified for corporate income tax purposes becomes increasingly important, particularly in the context of issues such as double taxation, non-taxation and tax neutrality. This unique and practical work covers the rules determining which transactions may be classified and therefore taxed as dividend income and how classification conflicts may be resolved. The author examines the classification of various inter-corporate transactions, including: and• Payments made under dividend-stripping arrangements. and• Fictitious profit distributions. and• Economic benefits in the context of transfer pricing. and• Returns on debt-equity hybrids. and• Interest payments in thin capitalization situations and distributions following liquidation. The analysis of each transaction refers to international tax law. Most weight is given to tax treaties and EU tax law. The approaches adopted in different statesand’ national tax law are covered by a more general analysis. The comprehensive coverage and practical nature of The International Tax Law Concept of Dividend make it an essential acquisition for tax practitioners, researchers and tax libraries worldwide.

Download or read book OECD Tax Policy Studies Tax Effects on Foreign Direct Investment Recent Evidence and Policy Analysis written by OECD and published by OECD Publishing. This book was released on 2007-12-20 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication reports the results of a project examining taxation and foreign direct investment (FDI).

Download or read book Strategic Corporate Tax Planning written by John E. Karayan and published by John Wiley & Sons. This book was released on 2002-10-02 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: A corporate guide to understanding the basic tax implications ofeveryday business Organized to cover the tax implications of transactions as theyoccur through a company's life cycle, the basic principles of taxmanagement are applied through the use of case studies thatsimulate a variety of real-world marketplace conditions.Value-added and financial reporting effects of tax management arediscussed, as well as country-specific tax rules, and cross-bordertransactions. John E. Karayan, JD, PhD (Glendale, CA), is a professor atCalifornia State Polytechnic University, Pomona. He is also apartner in the law firm of Bond Karayan. Charles W. Swenson, PhD (Pasadena, CA), is a professor atthe University of Southern California, Los Angeles, where heteaches a number of courses in accounting and taxation. Over the years, financial professionals around the world havelooked to the Wiley Finance series and its wide array ofbestselling books for the knowledge, insights, and techniques thatare essential to success in financial markets. As the pace ofchange in financial markets and instruments quickens, Wiley Financecontinues to respond. With critically acclaimed books by leadingthinkers on value investing, risk management, asset allocation, andmany other critical subjects, the Wiley Finance series provides thefinancial community with information they want. Written to provideprofessionals and individuals with the most current thinking fromthe best minds in the industry, it is no wonder that the WileyFinance series is the first and last stop for financialprofessionals looking to increase their financial expertise.

Download or read book Dividend Taxation and Firm Performance with Heterogeneous Payout Responses written by Katarzyna A. Bilicka and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze the short and long-run performance of firms that were differentially affected by a new tax on dividends in the lead-up to the Global Financial Crisis. We use exogenous policy variation for firms with different legal statuses and financial year-end dates to causally identify the policy impact. Consistent with intertemporal tax arbitrage, immediately-affected firms significantly reduce payouts. At a time of severe liquidity shortage, the average firm uses the undistributed cash to pay back debt. In the long run, the allocation of undistributed cash to investment, retained earnings, and debt repayment predicts growth and the likelihood of bankruptcy.

Download or read book Essays on the Repatriation Policies of Multinational Firms written by Anne Barrett Moore and published by . This book was released on 2011 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation looks at the taxation of U.S. multinational firms and specifically at the taxation of dividend payments from foreign affiliates to their U.S. parent companies. The United States has an increasingly unusual tax system compared to other countries in that repatriating income earned abroad generally has tax consequences. This dissertation examines how taxes on intrafirm dividend payments affect multinational firm's intrafirm dividend policies and what effect firms' dividend payments have on their domestic investment. I first look at the previous literature on the taxation of intrafirm dividend payments. Hartman (1985) is one of the major theoretical papers on intrafirm dividend taxation. In the Hartman model, with the assumptions that repatriation taxes are constant and unavoidable, repatriation taxes do not affect intrafirm dividend payments. However, all empirical evidence points to the fact that dividend payments do respond to the dividend tax rate. I discuss the research that has tried to reconcile the theory with the empirical evidence by investigating ways in which firms avoid dividend taxes and whether firms respond to temporary changes in the tax rate more than the permanent tax level. I also discuss research that looks at the effects of a tax holiday on intrafirm dividends in 2005 that was meant to encourage firms to remit their foreign earnings and increase their U.S. investment. Research suggests that the repatriations induced by the tax holiday were used to increase distributions to shareholders and were not used to expand domestic operations. The next chapter examines how intrafirm dividend payments respond to a particular component of the tax rate -- that caused by fluctuations in the exchange rate between the currency of the foreign affiliate and the U.S. dollar. Since this component of the tax rate changes over time, it allows me to test if firms attempt to time their dividend payments to take advantage of temporary swings in the repatriation tax rate. I find that firms respond to this temporary component of the tax rate more than they do to the tax rate as a whole. I also find that the response to the exchange-rate component of the tax rate is concentrated among firms with the most resources to devote to tax planning and those firms with the most flexibility in timing their dividend payments. The dividend payments of large firms, firms with tax haven affiliates, and financially unconstrained firms are sensitive to the exchange-rate component of the repatriation tax rate while small firms, firms that do not own tax haven affiliates, and financially constrained firms are not. Therefore, I find evidence that certain, more sophisticated types of firms time their dividend payments to minimize their tax bill, but not all firms appear to engage in this tax timing behavior. The final chapter investigates how firms' domestic investment responds to exogenous changes in firms' incentives to repatriate. The link between the availability of internal funds and investment has long been noted, and changes in the amount of foreign earnings firms repatriate may change the amount of financing available for domestic investment. This chapter looks particularly at whether there is a difference between financially constrained and unconstrained firms in the response of their domestic investment to repatriations, since the investment of financially constrained firms is generally assumed to be more sensitive to internal funds than that of financially unconstrained firms. I find suggestive evidence that the domestic investment of financially constrained firms responds to repatriations while the domestic investment of unconstrained firms does not, although the responses are not precisely estimated. This dissertation sheds some light on multinational firms' responses to repatriation taxes and what effect repatriations have on firms' domestic operations, and it highlights that multinational firms exhibit a range of behaviors that depend on their size and financial constraints. Since repatriation payments from large firms make up a large portion of total repatriations, total repatriations and any financial and investment outcomes influenced by repatriation taxes will be most affected by what large firms do. However, when thinking about how tax policy affects individual firms' behavior, it is necessary to consider multinational firms' heterogenous responses.

Download or read book Taxes and Portfolio Choice written by Mihir Arvind Desai and published by . This book was released on 2007 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates how taxes influence portfolio choices by exploring the response to the distinctive treatment of foreign dividends in the Jobs and Growth Tax Relief Reconciliation Act (JGTRRA). JGTRRA lowered the dividend tax rate to 15% for American equities and extended this tax relief only to foreign corporations from a subset of countries. This paper uses a difference-in-difference analysis that compares US equity holdings in affected and unaffected countries. The international investment responses to JGTRRA were substantial and imply an elasticity of asset holdings with respect to taxes of -1.6. This effect cannot be explained by several potential alternative hypotheses, including differential changes to the preferences of American investors, differential changes in investment opportunities, differential time trends in investment or changed tax evasion behavior.

Download or read book U S Tax Guide for Aliens written by and published by . This book was released on 1998 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Individual retirement arrangements IRAs written by United States. Internal Revenue Service and published by . This book was released on 1990 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book IFRS A Quick Reference Guide written by Robert Kirk and published by Elsevier. This book was released on 2008-12-03 with total page 555 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Intended for those with an understanding of the current regulatory framework, the book sets out the basic numerical application of the International Financial Accounting Standards and includes. A thorough introduction to the accounting standard-setting process; A guide to the boards, committees and councils responsible for the standards; Detailed coverage of individual standards, including Asset Valuation, Liabilities and Group Reporting; and Published accounts of well known British and European companies."--BOOK JACKET.

Download or read book Report of the Committee of Independent Experts on Company Taxation written by Commission of the European Communities. Committee of Independent Experts on Company Taxation and published by . This book was released on 1992 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Ruding Committee Report on recommendations on company taxation in the European Communities.

Download or read book The S Corporation Answer Book written by Sydney S. Traum and published by Wolters Kluwer. This book was released on 2008-12-17 with total page 824 pages. Available in PDF, EPUB and Kindle. Book excerpt: This quick-reference manual lets you help clients take full advantage of their S corporation status and minimize their taxes. it leads you directly to authoritative information on every aspect of the S corporation, enabling you to: Arm the S corporation against the potential tax traps hidden in the Small Business Tax Protection Act. Maximize the tax benefits of S corporation status. Make a qualified Subchapter S Subsidiary (QSub) election. Identify dispositions that will trigger the built-in gains tax. Avoid added tax liability or loss of S corporation status from passive investment income. Capitalize on the permissible differences in stock rights to facilitate estate planning and ownership transfers. Determine allocation of income, losses, and deductions in the termination year of the S corporation . Plus, there are citations To The controlling rules, regulations, and court decisions that will save you hours of research.

Download or read book Tax Law Design and Drafting Volume 1 written by Mr.Victor Thuronyi and published by International Monetary Fund. This book was released on 1996-08-23 with total page 534 pages. Available in PDF, EPUB and Kindle. Book excerpt: Edited by Victor Thuronyi, this book offers an introduction to a broad range of issues in comparative tax law and is based on comparative discussion of the tax laws of developed countries. It presents practical models and guidelines for drafting tax legislation that can be used by officials of developing and transition countries. Volume I covers general issues, some special topics, and major taxes other than income tax.

Download or read book Investment Banks Hedge Funds and Private Equity written by David P. Stowell and published by Academic Press. This book was released on 2012-09-01 with total page 672 pages. Available in PDF, EPUB and Kindle. Book excerpt: The dynamic environment of investment banks, hedge funds, and private equity firms comes to life in David Stowell's introduction to the ways they challenge and sustain each other. Capturing their reshaped business plans in the wake of the 2007-2009 global meltdown, his book reveals their key functions, compensation systems, unique roles in wealth creation and risk management, and epic battles for investor funds and corporate influence. Its combination of perspectives—drawn from his industry and academic backgrounds—delivers insights that illuminate the post-2009 reinvention and acclimation processes. Through a broad view of the ways these financial institutions affect corporations, governments, and individuals, Professor Stowell shows us how and why they will continue to project their power and influence. - Emphasizes the needs for capital, sources of capital, and the process of getting capital to those who need it - Integrates into the chapters ten cases about recent transactions, along with case notes and questions - Accompanies cases with spreadsheets for readers to create their own analytical frameworks and consider choices and opportunities

Download or read book The Effects of Taxation on Multinational Corporations written by Martin Feldstein and published by University of Chicago Press. This book was released on 2007-12-01 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: The tax rules of the United States and other countries have intended and unintended effects on the operations of multinational corporations, influencing everything from the formation and allocation of capital to competitive strategies. The growing importance of international business has led economists to reconsider whether current systems of taxing international income are viable in a world of significant capital market integration and global commercial competition. In an attempt to quantify the effect of tax policy on international investment choices, this volume presents in-depth analyses of the interaction of international tax rules and the investment decisions of multinational enterprises. Ten papers assess the role played by multinational firms and their investment in the U.S. economy and the design of international tax rules for multinational investment; analyze channels through which international tax rules affect the costs of international business activities; and examine ways in which international tax rules affect financing decisions of multinational firms. As a group, the papers demonstrate that international tax rules have significant effects on firms' investment and other financing decisions.

Download or read book Pension and Annuity Income written by United States. Internal Revenue Service and published by . This book was released on 1990 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: