Plausibly Exogenous [871] - Dividend Tax (06/08/2022)
LHS Variable
Capital allocation
RHS Variable
Dividend taxes
Source of Exogenous Variation
2013 reform in France that increased the dividend tax rate from 15.5% to 46%, one of the largest in developed countries in the last forty years.
- Boissel and Matray (2022), “Dividend Taxes and the Allocation of Capital”