Taxing Corporate Income in the 21st Century

• Contributors; Preface; 1. The effect of taxes on market responses to dividend announcements and payments: what can we learn from the 2003 dividend tax cut? Raj Chetty, Joseph Rosenberg and Emmanuel Saez; Comments Gustavo Grullon; Comments Douglas J. Skinner; 2. Dissecting dividend decisions: some clues about the effects of dividend taxation from recent UK reforms Stephen R. Bond, Michael P. Devereux and Alexander Klemm; Comments Roger Gordon; Comments James Poterba; 3. The 2003 dividend tax cuts and the value of the firm: an event study Alan J. Auerbach and Kevin A. Hassett; Comments William G. Gale; Comments George R. Zodrow; 4. How elastic is the corporate income tax base? Jonathan Gruber and Joshua Rauh; Comments Jane Gravelle; Comments Casey B. Mulligan; 5. An empirical examination of corporate tax noncompliance Michelle Hanlon, Lillian Mills and Joel Slemrod; Comments Joseph Bankman; Comments Brian Erard; 6. On the extent, growth, and efficiency consequences of state business tax planning Donald Bruce, John Deskins and William F. Fox; Comments William M. Gentry; Comments Charles E. McLure, Jr; 7. Corporate taxation and international competition James R. Hines Jr; Comments Jack M. Mintz; Comments John Douglas Wilson; 8. The changing role of auditors in corporate tax planning Edward L. Maydew and Douglas A. Shackelford; Comments Steven N. Kaplan; Comments Richard Sansing; 9. Taxation and the evolution of aggregate corporate ownership concentration Mihir A. Desai, Dhammika Dharmapala and Winnie Fung; Comments Jeffrey R. Brown; Comments Jeff Strnad; Index.

“In this book most of the top stars of public finance economics grapple with a series of issues surrounding the taxation of corporate income. These include, among others, the reactions of corporations to changes in the corporate tax rate, tha reactions of the market to changes in the tax on dividends, and the efforts of corporations ( by choosing their location, by their debt-finance decisions, and by other means) to reduce their tax liabilities. The authors do not reach a clear consensus, but expose the reader to the many facets (of theory, of hypothesis framing and testing, and of data analysis) that turn out to be important as one delves into this topic. These matters are profound, rich and challenging to professionals interested in public finance and corporate behavior.” -- Arnold C. Harberger, University of California, Los Angeles