Université de Fribourg

What if dividends were tax-exempt? : evidence from a natural experiment

Isakov, Dušan ; Pérignon, Christophe ; Weisskopf, Jean-Philippe

(Working Papers SES ; 498)

We study the effect of dividend taxes on the payout and investment policy of listed firms and discuss their implications for agency problems. To do so, we exploit a unique setting in Switzerland where some, but not all, firms were suddenly able to pay tax-exempted dividends to their shareholders following the corporate tax reform of 2011. Using a difference-in-differences specification, we...

Università della Svizzera italiana

Corporate flat tax reforms and businesses' location choices : evidence from Switzerland

Galletta, Sergio ; Redonda, Agustin

Profit taxation affects corporate investment decisions through several channels. This paper focuses on the impact of corporate income flat tax reforms on businesses' location choices. Since 1990, Swiss states (cantons) have been switching from a graduated to a flat tax rate scheme on profits. The paper assesses the effects of such a reform on the number of establishments by computing a...

Università della Svizzera italiana

Three essays on fiscal federalism and market structure

Redonda, Agustin ; Jametti, Mario (Dir.)

Thèse de doctorat : Università della Svizzera italiana, 2015 ; 2015ECO004.

This thesis assesses two different sub-fields inside public economics in general and taxation in particular: tax incidence and tax competition. The first chapter analyzes the incidence of taxes in the Canadian retail gasoline market by devising a novel empirical test, based on observables, to assess whether taxes are under- or overshifted in an oligopolistic market. The results show that...