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1 - 10 van 20 voor high dividend
Microsoft Word - DP128_demooij _2_.doc
... subsidiaries of home and foreign based multinational firms. firms endogenously determine their debt share, dividend payout and investment behaviour. in the simulations, keuschnigg and dietz finance the ace- ... , as table 2.1 reveals. this view ignores, however, international distortions induced by high statutory corporate tax rates. such distortions have gained more importance during recent decades ...
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Microsoft Word - DP CCCTB voorblad.doc
... of cross border investment, e.g. the parent-subsidiary directive abolished withholding taxes on dividend flow between associated companies, the harmonization process has been sluggish. in 2004, member states ... the reduction in revenue due to loss consolidation is larger for countries featuring a high corporate tax rate and a large multinational sector. the redistribution effect of formula ...
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corporate tax policy and incorporation eu pdf
... tax system. she shows that the corporate organisational form serves as a tax shelter for high income entrepreneurs under the split model. while she provides time series evidence for norway that ... paper. de angelo, h., l. de angelo and d. j. skinner, 2004, are dividends disappearing? dividend concentration and the consolidation of earnings, journal of financial economics, devereux, m. p., r. griffith ...
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dutch fiscal framework history current practice and role cpb pdf
... economy gradually stagnated. first, unemployment rose rapidly, then inflation and wage rises became high - fuelled by the high energy prices due oil crisis- and in 1975 dutch economic growth declined structurally ... also substantially reduce the scope for bookkeeping tricks, e.g. ad hoc increases of the dividend of public corporations and manipulation of the financing of social housing. 1983-1993 a ...
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capital income taxation europe trends and trade offs pdf
... % (belgium and sweden) to a high of 60% (netherlands) in 1990, and a low of 15% (denmark and greece) to a high of 60% (netherlands) tax rate on dividend ranges from 29% (finland ... payment of dividend serves as a signal to shareholders that the firm is doing well. hence, dividend payout has some intrinsic value' that compensates for the unfavourable tax treatment of dividend. dividend taxes therefore ...
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gamma simulation model ageing pensions and public finances pdf
... the economic model. long run, demographic developments are subject to a high level of uncertainty. the gamma model is used to assess this uncertainty ... ) -tp(t)-gcb(t) (2.12) -gpg(t)+ws be(t) dividend payments div and investment pie can be financed out of profits ... this budget equation and an arbitrage equation that indicates how this dividend stream is valued on the capital market. the firm is valued ...
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Research Memorandum (set-up) [PFP#201413950]
... profitable. this can explain that wages will be high when (lagged) profits per worker are high. if there is collective bargaining, the degree ... base salary. if is negative and positive high ir is accompanied by a relatively high base salary and low (or no) ir ... connected to the profit . for instance, payments can be related to dividend payments, return to assets, the ratio of operating profit to 35 ...
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Microsoft Word - admin_burden_EU_countries_20feb2006_revtab_51.doc
... tax, general social insurance schemes, employee social insurance schemes, income tax, corporate and dividend tax, value-added tax, and annual account obligations. source nijsen and vellinga (2002) ... 15 the compressed country distribution was applied in combination with the low (eim) and high (finance department) estimate if the total 2002 administrative burden for companies in the netherlands ...
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\\Webserver\...\2001_07.wp [PFP#710806420]
... refers to period t+j. revenue minus wage bill, interest payments, net corporate taxes and dividend payments equals retained earnings. so, new investment can be financed by retained earnings (that ... % gross value added sheltered % employment enterprises (fte) % empl.enterprises(fte) low skilled % empl.enterprises(fte) high skilled % unemployed persons d q u o t e s capacity utilization rate exposed ...
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memo115.pdf
... households of different ages is homogeneous. firms maximize the discounted value of their future dividend flows. the dividend payments equal revenue minus the wage bill, corporate taxes and investments. the tax ... households sbhn bonds owned by households; low interest rate sbhr bonds owned by households; high interest rate sbp bonds owned by pension funds sgnr seigniorage she revaluation of assets ...
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