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1 - 10 van 28 voor ratio dividend
appendix derivations dsge model pdf
... their behalf. this same logic applies to the dividend only hhouseholds left alive receive a dividend. we also assume that households have actuarial ... owner of the firm and the discount factor depends on the ratio of marginal utilities, ie. the price of certain unit of ... of the real wage, real rental rate for capital and real dividend as defined in the household problem and the actuarial firm problem, ...
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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-part ... these rules imply that the interest is not deductible from profit if the debt- equity ratio exceeds a certain threshold. buettner et al. (2008) report that in 2005 approximately european ...
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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 ... to cortax. countries are ranked according to their capital labour ratio from left (lowest) to right (highest). this capital labour ratio explains part of the country differences (see below). on ...
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corporate tax policy and incorporation eu pdf
... on capital gains, where the weight is determined by the average dividend payout ratio. the weight on the capital gains tax is adjusted ... which the dividend tax is added to it. thereby, we assume that 30% of net equity income (i.e. the average dividend payout ratio in the eu according to von eije and meggison (2006)) is taxed under the dividend tax as reported in ...
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CPB Policy brief
... steun aan de bankensector niet meegenomen. de steun bedraagt bbp bbp bbp-ratio griekenland ierland spanje portugal bbp-ratio griekenland ierland spanje portugal griekenland ierland spanje portugal 9 figuur 2 laat zien ... de bank toe te voegen aan het eigen vermogen en niet uit te keren als dividend. proces dat afhankelijk van de uitgangspositie van de bank jaren kan duren. als genoeg banken ...
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defiscalisering-rente.pdf
... landen zij compenseren een (te) hoge schuldratio in hoog-tarief landen met een relatief lage ratio in laag-tarief landen, om zo hun gemiddelde leveraging op een gewenst peil te ... wordt het rendement op dezelfde investering belast in het land van de dochter (betaalde dividend niet aftrekbaar, ontvangen dividend vrijgesteld). het zet de deur open voor winstverschuiving door multinationals naar het ...
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capital income taxation europe trends and trade offs pdf
... etr; tax burden on capital income problem consolidation of non-incorporated enterprises micro data ratio of corporate tax liabilities and pre-tax corporate income. properties backward looking method; ... 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 ...
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Werkdocument (set-up) Nederland [PFP#890126474]
... 9 vermogen 3,5 afschaffen vermogensbelasting 1,3 schrappen ih over rente en dividend 4,2 forfaitair rendement op vermogensinkomsten 6,1 verhoging tarief aanmerkelijk belang ... verlaging van het arbeidskostenforfait per saldo tot een daling van de replacement ratio leidt.metnameaandeonderkantwordthetverschiltussennettowerkloosheidsuitkering en netto loon groter omdat een korting in vergelijking met ...
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Werkdocument (set-up) Nederland [PFP#1190907079]
... 0,4 vermogen 3,4 afschaffen vermogensbelasting 1,7 schrappen ih over rente en dividend 3,25 forfaitair rendement op vermogensinkomsten 5,4 verhoging tarief aanmerkelijk belang 0,25 ... van het arbeidskostenforfait en het inactievenforfait per saldo tot een daling van de replacement ratio leiden. met name aan de onderkant wordt het verschil tussen netto werkloosheidsuitkering en netto ...
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gamma simulation model ageing pensions and public finances pdf
... -1) -tp(t)-gcb(t) (2.12) -gpg(t)+ws be(t) dividend payments div and investment pie can be financed out of profits (the ... by this budget equation and an arbitrage equation that indicates how this dividend stream is valued on the capital market. the firm is valued such ... rate, qs dg the debt to gdp ratio, qdg the primary deficit to gdp ratio. the debt-to-gdp ratio will in general explode in case of ...
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