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Taxation, Equity, and Growth: Exploring the Trade-Off Between Shareholder Dividend Tax Relief and Higher Corporate Income Taxes

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  • Nadeau, Serge J.
  • Strauss, Robert P.

Abstract

Explores the economic impact of trading off higher corporate income taxes for shareholder dividend tax relief. Finds that this partial integration policy increases dividends, reduces leverage and the financial cost of capital, and increase real investment. Statistically based sensitivity analyses are performed.

Suggested Citation

  • Nadeau, Serge J. & Strauss, Robert P., 1993. "Taxation, Equity, and Growth: Exploring the Trade-Off Between Shareholder Dividend Tax Relief and Higher Corporate Income Taxes," National Tax Journal, National Tax Association;National Tax Journal, vol. 46(2), pages 161-175, June.
    • Handle: RePEc:ntj:journl:v:46:y:1993:i:2:p:161-75
    DOI: 10.1086/NTJ41789007
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    References listed on IDEAS

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    1. Arnold C. Harberger, 1962. "The Incidence of the Corporation Income Tax," Journal of Political Economy, University of Chicago Press, vol. 70(3), pages 215-215.
    2. Nadeau, Serge J., 1988. "A Model to Measure the Effects of Taxes on the Real and Financial Decisions of the Firm," National Tax Journal, National Tax Association;National Tax Journal, vol. 41(4), pages 467-481, December.
    3. Gravelle, Jane G., 1989. "Differential Taxation of Capital Income: Another Look at the 1986 Tax Reform Act," National Tax Journal, National Tax Association;National Tax Journal, vol. 42(4), pages 441-463, December.
    4. Nadeau, Serge J., 1988. "A Model to Measure the Effects of Taxes on the Real and Financial Decisions of the Firm," National Tax Journal, National Tax Association, vol. 41(4), pages 467-81, December.
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