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1 - 9 van 9 voor retained earnings
de economische effecten van de vpb fiscale arbitrage pdf
... , h., 1998, taxes and the division of foreign operating income among royalties, interest, dividends and retained earnings, journal of public economics, vol. 68, pp. 269 90. grubert, h., and j. mutti, 1991 ...
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capital income taxation europe trends and trade offs pdf
... savings). secondly, the reform causes less distortions in the choice between financing investment through retained earnings and new equity. this is because, unlike the previous tax system which leaves ... firms finance marginal investments by retained earnings. shareholders can thus not escape dividend taxes since these will be distributed either now or later if they are retained in the firm. dividend ...
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00/research memorandum Can we a [PFP#1092373775]
... alone, which are particularly poor. intragenerationalequitybyalleviatingold-agepoverty.benefitformulasthatletbenefits rise with life-time earnings may contain marginal tax rates on labor income; if not only ... knowledge spillovers rather than in start-up firms. firms turn over slowly. retained earnings are the main source of investment financing. oligopolistic market structures become more ...
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\\Webserver\...\2001_07.wp [PFP#710806420]
... interest payments, net corporate taxes and dividend payments equals retained earnings. so, new investment can be financed by retained earnings (that is, by reducing dividend payments), by ... retained earnings is the residual source of finance, subsidies and the depreciation allowance reduce financing by retained earnings one for one. ' ' (14) the result that financing investment with retained earnings ...
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W:\nl\pub\...\memo19.wp [PFP#220377842]
... fdi financed out of retained earnings and transfer of funds. hartman claims that retained earnings should be more sensitive to us taxes because mature firms will use retained earnings as the marginal ... due attention to the distinction between retained earnings and transfers. in particular, hartman, boskin gale, young, murthy and newlon all suggest that retained earnings are more responsive to taxes ...
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memo161.pdf
... )-vm f (j,i) 20 the current account equals the trade balance plus net foreign earnings on bonds, equities and fdi ca(i) - rwbbw(i)- rweew(i) +j i rwevm f ... is due to the possibility for companies to deduct the taxes they paid previously on retained earnings from the taxes they now pay on distributed dividends. there is also the fact that ...
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Microsoft Word - DP ECA voorblad.doc
... in a country is larger. firms ...nance their investment by issuing bonds and by retaining earnings (issuing new shares is excluded in cortax). the optimal ...nancial structure depends on the di ... ...scal depreciation is zero as no depreciation allowances are available. however, estonia does not tax retained pro...ts. indeed, it only levies a 22% tax rate on pro...t distributions. hence ...
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Microsoft Word - DP CCCTB voorblad.doc
... is zero in estonia as no depreciation allowances are available. however, estonia does not tax retained profits but only levies a 22% tax rate on profit distributions. hence, corporate profits in ... 0.1 and 0.6. firms finance their investment by issuing bonds and by retaining earnings (issuing new shares is excluded). the optimal financial structure depends on the difference between the ...
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Microsoft Word - 2009_02.doc
... in gtap 5 and 6 the basic set-up of the gtap 4 methodology was retained in the subsequent gtap versions. the predicted values of skilled labour were used, except for ... kangasniemi (national institute of economic and social research). eurostat, 2005, gross earnings in europe, main results of the structure of earnings survey 2002, prepared by hans-joachim mittag. falk, martin and bertrand ...
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