Corporate Payouts and the Tax Price of Corporate Retentions: Evidence from the Undistributed Profits Tax of 1936-1938 [report]

R. Glenn Hubbard, Peter Reiss
1989 unpublished
Many prov1s10ns of the U.S. tax code affect corporate decisions to pay~ut or retain earnings. Most studies of these effects have examined the effects of dividend and capital gains taxes on payouts. Relatively few studies have considered the effects of corporate taxes on retentions.
doi:10.3386/w3111 fatcat:xs33ioiytbetvd6esldkqqxeha