The Unintended Consequence of the U.S. Dividend Tax Cut on Non-U.S. Firms
| 主讲人 |
Travis Ng |
简介 |
<div style="font-size: 14px;">Abstract:</div>
<div style="font-size: 14px;">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.</div> |
| 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 |
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类型 |
系列讲座 |
| 联系人信息 |
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主持人 |
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| 专题网站 |
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专题 |
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| 主讲人简介 |
<div> the Chinese University of Hong Kong</div>
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<div><a href="/EventsMgr/Upload/File/2014/11/20141120053308705.pdf">Prof. Travis Ng's CV</a></div> |
期数 |
“WISE-经济学院”2014秋季学期“高级经济学系列讲座”第十一讲(总第332讲） |
