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The Unintended Consequence of the U.S. Dividend Tax Cut on Non-U.S. Firms

作者: 发布时间:2014-11-27 点击数:
主讲人: Travis Ng
主讲人简介:
 the Chinese University of Hong Kong
 
主持人:
讲座简介:
Abstract:
The 2003 Jobs and Growth Tax Relief Reconciliation Act reduces the tax rate on qualified dividends for U.S. firms and  firms in tax treaty countries. We find evidence that this tax cut has an impact on certain non-U.S. firms: After the tax cut, firms in treaty countries and with low withholding tax rate increase their propensities to pay dividends relative to other firms. This impact is statistically and economically significant. Our results reject the view that the ``come-and-go'' nature of FPI, in contrast to FDI that is more persistent, renders it having little real effect on the invested countries. We reach two conclusions: 1) other than FDI, FPI also has real effects on the invested countries, and 2) U.S. tax policy has both domestic and international implications.
时间:2014-11-27(星期四)16:30-18:00
地点:N303 经济楼/Economics Building
讲座语言:English
主办单位:WISE-SOE
承办单位:
期数:“WISE-威尼斯37266”2014秋季学期“高级经济学系列讲座”第十一讲(总第332讲)
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