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Financial Accounting and Reporting Dissertations

P/F/383. Dissertation. How did corporate dividend policy respond to abolition of advance corporation tax in UK?

WORDS:
15000
DATE:
2005
PRICE:
159.99 GBP

The dissertation aims to investigate the effect of the abolition of advance corporation tax (ACT) on the corporate dividend policy in the UK. The review of literature covers the issues of dividend policy, taxation, the factors influencing decision making in corporate dividend policy, UK tax system, the reform on corporate tax, the issue of surplus ACT, dividend payout ratio in the UK over the last 30 years, etc. The hypothesis is tested concerning the relation between the removal of ACT and increases in payout ratios in the post-reform period. The accounts data is collected from 1400 UK quoted companies from 1995 to 2003 to estimate the stock of surplus ACT. Conclusions are made about the reaction of corporate dividend policy to the removal of ACT in 1999.

 

KEYWORDS: f, dissertation, corporate, dividend, policy, respond, abolition, advance, corporation, tax, uk,