The Response of Corporate Dividend Policy to The Abolition of Tax Credit in the United Kingdom (U.K.)
By abolishing the tax credit on dividends received by tax-exempt financial institutions in 1997, the effective rate of tax for share-holders such as pension funds increases significantly, and the tax preference for dividends is significantly reduced. The tax-exempt shareholders mainly consist of pen...
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| Format: | Article |
| Language: | English |
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Universitas Gadjah Mada
2007-06-01
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| Series: | Gadjah Mada International Journal of Business |
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| Online Access: | https://jurnal.ugm.ac.id/gamaijb/article/view/5600 |