A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2004; you can also visit the original URL.
The file type is
How Do Buyers and Sellers Divide the Surplus? Evidence from Tax Arbitrage The paper studies the price formation around two events which generate tax obligations that differ across investors in the Norwegian stock market: i) the distribution of a tax credit which reduces taxes for Norwegian investors but has no value to tax-exempt or foreign investors, and ii) the distribution of dividends which are tax-exempt for Norwegian investors but subject to a withholding tax for foreign investors.doi:10.2139/ssrn.424980 fatcat:3p24ce73vjhxlkkq5sx3bmd22i