000			01522nab a2200265 c 4500
999			_c149798 _d149798
003			ES-MaIEF
005			20240924141623.0
007			ta
008			240913c2024 gw ||||| |||| 00| 0 eng d
040			_aES-MaIEF _beng _cES-MaIEF
041			_aeng
100			_920927 _aNiemann, Rainer
245	1	0	_aDoes a tax exemption of retained profits strengthen the equity base of firms? _c Rainer Niemann, Silke Rünger, and Peter Schmidt
260			_c2024
504			_aBibliografía
520			_aTax legislators have used a tax exemption of retained profits (TERP) to stimulate an increase in firms' equity by imposing a lock-in effect. We examine the Croatian TERP over the period 2013-2016 to investigate whether taxpayers use a TERP and whether it contributes to an increase in firms' equity. Our findings show that Croatian firms used the TERP, but its application varies substantially depending on the ownership structure of the firm. Compared to a control group, total equity of Croatian firms did not increase after the introduction of the TERP, indicating that firms used the TERP as a tax saving tool without changing their payout policy.
650		4	_948067 _aPOLITICA FISCAL
650		4	_944038 _aEXENCIONES TRIBUTARIAS
650		4	_943700 _aEQUIDAD IMPOSITIVA
650		4	_948294 _aRETENCIONES TRIBUTARIAS
700	1		_967753 _aRünger, Silke
700			_940260 _aSchmidt, Peter
773	0		_9172289 _oOP 207/2024/2 _tFinanzArchiv _w(IEF)21244 _x 0015-2218 _g v. 80, n. 2, June 2024, p. 193-233
942			_cART