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(Un)intended consequences? The impact of the 2017 tax cuts and jobs act on shareholder wealth

We study the stock market reactions to the Tax Cuts and Jobs Act (TCJA), the most significant structural U.S. tax reform in over 30 years. In line with the stated intent of TCJA proponents, we find that the Act benefited highly taxed firms. However, the Act hindered firms with international operatio...

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Detalles Bibliográficos
Autores principales: Kalcheva, Ivalina, Plečnik, James M., Tran, Hai, Turkiela, Jason
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier B.V. 2020
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7250099/
https://www.ncbi.nlm.nih.gov/pubmed/32562471
http://dx.doi.org/10.1016/j.jbankfin.2020.105860