Macroeconomic effects of zero corporate income tax on retained earnings

References

• Azacis, H.; Gillman, M. (2010) Flat tax reform: The Baltics 2000–2007. Journal of Macroeconomics, Vol. 32, pp. 692–708.
   Google Scholar
• Bellak, C.; Leibrecht, M. (2009) Do low corporate income tax rates attract FDI? – Evidence from Central- and East European countries. Applied Economics, Vol. 41(21), pp. 2691–2703.
   Google Scholar
• Cassette, A.; Paty, S. (2008) Tax competition among Eastern and Western European countries: With whom do countries compete? Economic Systems, Vol. 32, pp. 307–325.
   Google Scholar
• Damodaran, A. (1994), “Damodaran on Valuation: Security Analysis for Investment and Corporate Finance”, New York: John Wiley & Sons, Inc.
   Google Scholar
• Devereux, M., P.; Lockwood, B.; Redoano, M. (2008) Do countries compete over corporate tax rates? Journal of Public Economics, Vol. 92, pp. 1210–1235.
   Google Scholar
• European Commission (2009). Ageing Report: Economic and budgetary projections for the EU-27 Member States (2008–2060). [http://ec.europa.eu/economy_finance/publications/publication14992_en.pdf].
   Google Scholar
• European Commission (2010). Taxation Trends in The European Union: Data for Member States and Norway. Luxembourg: Publications Office of the European Union, European Commission, 436 p.
   Google Scholar
• Funke, M., Strulik, H. (2006) Taxation, growth and welfare: dynamic effects of Estonia’s 2000 income tax act. Finnish Economic Papers, 2006, Vol. 19, No. 1, pp. 25–38.
   Google Scholar
• Griffith, R., Hines, J., Sørensen, P. B. (2010) International capital taxation. In Mirrlees, J.; Adam, S.; Besley, T.; Blundell, R.; Bond, S.; Chote, R.; Gammie, M.; Johnson, P.; Myles, G.; Poterba, J. (eds) “Dimensions of Tax Design: the Mirrlees Review,” The Institute for Fiscal Studies. [http://www.ifs.org.uk/mirrleesReview/dimensions]
   Google Scholar
• Hazak, A. (2007) Dividend Decision under Distributed Profit Taxation: Investor’s Perspective. International Research Journal of Finance and Economics, Vol. 9, pp. 201–219.
   Google Scholar
• Hazak, A. (2006) Profit Versus Distributed Profit Based Corporate Taxation, Thin Capitalisation Rules and Companies’ Capital Structure. Estonian Economic Association: articles from the annual conference, 21 p. [http://www.emselts.ee/konverentsid/EMS2006/2_Rahandus_ja_pangandus/Aaro_Hazak.pdf]
   Google Scholar
• Kattai, R. (2010) Estonia’s potential growth revisited. Baltic Journal of Economics, Vol 10, Issue 2, pp. 63–78.
   Google Scholar
• Masso, J.; Meriküll, J.; Vahter, P. (2011) Gross profit taxation versus distributed profit taxation and firm performance: effects of Estonia’s corporate income tax reform. University of Tartu, Faculty of Economics and Business Administration Working Papers, No 81, 33p.
   Google Scholar
• Mickiewicz, T.; Bishop, K.; Varblane, U. (2004) Financial Constraints in Investment – Foreign Versus Domestic Firms. Panel Data Results From Estonia, 1995–1999. Acta Oeconomica, Vol. 54(4), pp. 425–449.
   Google Scholar
• Nassar, K. (2008) Corporate Income Tax Competition in the Caribbean. IMF Working Paper no 77/2008, 24p.
   Google Scholar
• OECD (2011) OECD Economic Surveys: Estonia 2011. OECD Publishing. [https://doi.org/http://dx.doi.org/10.1787/eco_surveys-est-2011-en]
   Google Scholar
• Piatkowski, M.; Jarmuzek, M. (2008) Zero Corporate Income Tax in Moldova: Tax Competition and its Implications for Eastern Europe. IMF Working Paper no 203/2008, 33p.
   Google Scholar
• Schadler, S., Mody, A., Abiad, A., Leigh, D. (2006) Growth in the Central and Eastern European Countries of the European Union. IMF Occasional Paper No. 252, 2006.
   Google Scholar
• Sinn, H., W. (1987) Capital Income Taxation and Resource Allocation. Amsterdam: Elsevier Science Ltd.
   Google Scholar
• Sørensen, P. B. (2005) Dual Income Taxation: Why and How? FinanzArchiv: Public Finance Analysis, Vol. 61(4), pp. 559–586.
   Google Scholar
• Strulik, H. (2003) Capital tax reform, corporate finance, and economic growth and welfare. Journal of Economic Dynamics & Control, Vol. 28 (3), pp. 595–615.
   Google Scholar
• Valentinyi, Á.; Herrendorf, B. (2008) Measuring factor income shares at the sectoral level. Review of Economic Dynamics, Vol. 11, pp. 820–835.
   Google Scholar
• Vanags, A., Bems, R. (2005) Growth acceleration in the Baltic States: What can growth accounting tell us? Baltic International Centre for Economic Policy Studies. [http://www. biceps.org/files/Growth%20Acceleration%20in%20the%20Baltic%20states.pdf].
   Google Scholar
• Vetlov, I. (2003) Growth Accounting in the Baltics. Monetary Studies, Bank of Lithuania, 2003, Vol. VII, No. 3, pp. 14–34.
   Google Scholar