Elimination Of Double Taxation Research Articles

Dividend taxation, ownership structure and payout policy: Evidence from India

Despite the widespread criticism against double taxation of dividends, most countries follow the policy of taxing the same income twice – once when the corporations earn it and a second time when shareholders receive it. Critics of the double taxation policy clamor for its abolition citing the economic inefficiencies it engenders. In 1997, the Indian government eliminated double taxation of dividends by exempting dividend income from personal taxes but requiring the firms to pay a 10% tax on the amount of dividend distributed. Using this rule change as a natural experiment, we examine the impact of this rule change on firm valuation. We show that elimination of double taxation on dividends is not unambiguously beneficial to the stockholders of the firm. We find that tax status and ownership structure play a significant role in explaining the direction of observed changes in valuation. An interesting finding of this paper is that shareholders seem to value visibility. Visible firms are subject to the disciplining effect of more stringent disclosures in the financial press. We do find pervasive evidence that firms increased their dividends subsequent to rule change. We however, do not find any association between the change in dividends and ownership structure

Interest, Dividends and the Elimination of Double Taxation (Articles 10, 11 and 23)

Interest, Dividends and the Elimination of Double Taxation (Articles 10, 11 and 23)

EC: The Proposal for a Council Directive on the Elimination of Double Taxation (Arbitration Procedure)

EC: The Proposal for a Council Directive on the Elimination of Double Taxation (Arbitration Procedure)

EC: Proposal for a Council Directive on the Elimination of Double Taxation in Connection with the Adjustment of Transfers of Profits Between Associated Enterprises (Arbitration Procedure)

EC: Proposal for a Council Directive on the Elimination of Double Taxation in Connection with the Adjustment of Transfers of Profits Between Associated Enterprises (Arbitration Procedure)

The Elimination of Double Taxation.

The Elimination of Double Taxation.

Council of Europe

The Committee of Ministers of the Council of Europe met for its fifth session in Strasbourg on August 4, 1950 in anticipation of the second session of the Consultative Assembly opening on August 9. At its first meeting the committee discussed the proposed agenda of the Assembly and included on it the following items: 1) a European Charter of Human Rights; 2) a proposal for a convention granting reciprocal treatment of subjects of member states, physical and juridical; 3) uniform civil procedure for member countries; and 4) elimination of double taxation. After the final meeting of the committee on August 9, the chairman of the committee (MacBride, Ireland) announced at a press conference that the ministers had decided to defer until their October meeting decisions on three proposals of the standing committee as the ministers wished to have the further views of the Assembly on them. The General Affairs Committee proposals were: 1) the appointment by each member state of a minister for European affairs to handle Council of Europe matters as a step towards unification; 2) the right of members to accept decisions of the Committee of Ministers in principle but without specific endorsement, to avoid exercise of the veto because of unacceptable details; and 3) the creation of a channel for presentation of the views of the Assembly to the member parliaments for discussion. Mr. MacBride announced at the same press conference that the ministers had decided to hold interim meetings of deputies in order to maintain closer contact with Council proceedings.