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Dividend tax cuts in the United States and single-tier tax regime in Malaysia: share price reactions to tax policy changes

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dc.contributor.authorSelamat, Aslam
dc.contributor.authorAriff, Mohamed
dc.contributor.authorShamsher Mohamad Ramadili Mohd
dc.date.accessioned2016-06-06
dc.date.accessioned2016-07-25T20:05:48Z
dc.date.available2016-06-06
dc.date.available2016-07-25T20:05:48Z
dc.date.disclosure2016-06-10
dc.date.issued2012
dc.description.abstractThere is a body of received theories which suggest that tax policy changes actually influence the value of corporations, and affect capital market values. There is strong evidence of share price being changed whenever good or bad news from tax changes occur. This paper provides a very short review of well-known theories, with the aim of showing how tax changes relating to dividends in Malaysia and in the USA do actually affect the values of shares in one mid-income and one high-income economy. Malaysia’s policy change in 2007 to streamline the dividend credit system into a single-tier tax system led to share price increases in Bursa Malaysia. Tax effect in the USA was tested using the good news of dividend tax cuts passed into law on three dates over 2003 and 2010. These findings are very much policy relevant for the ongoing debate, for example, in Malaysia on introducing future goods and sales tax to reduce other taxes.
dc.identifier.citationSelamat, Aslam and Ariff, Mohamed and Ramadili Mohd, Shamsher Mohamad. (2012). Dividend tax cuts in the United States and single-tier tax regime in Malaysia: share price reactions to tax policy changes. Pertanika Journal Social Sciences & Humanity, 20 (4), pp. 1209-1228.
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/1428
dc.languageEnglish
dc.language.isoeng
dc.publisherUniversiti Putra Malaysia (UPM)
dc.rights2012. UPM
dc.sourceCRP
dc.subjectSingle-tier tax
dc.subjectDividend tax
dc.subjectUnited States
dc.subjectMalaysia
dc.subjectTax policy
dc.titleDividend tax cuts in the United States and single-tier tax regime in Malaysia: share price reactions to tax policy changes
dc.typeJournal Article
dlc.maintopicConventional finance
dlc.subtopicEconomics
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicConventional finance
ikr.topic.subtopicConventional finance
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relation.isAuthorOfPublication.latestForDiscovery33b91dde-0170-454c-8f2b-ec4b208837b9
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