Dividend Taxes and Income Shifting
利用瑞典2000-2011年微观数据，研究股息税削减是否促使封闭公司所有者将劳动收入重新分类为股息收入，发现收入转移效应显著但总收入未增加。
Abstract In this paper, we analyze whether a dividend tax cut for owner‐managers of closely held corporations encourages income shifting, income generation, or both. We use rich Swedish administrative micro data from 2000 to 2011 comprising detailed firm‐ and individual‐level information. We find robust evidence of extensive income shifting across tax bases in response to the 2006 Swedish dividend tax cut. Owner‐managers of closely held corporations reclassify earned income as dividend income but do not increase total income. The response is more pronounced for owner‐managers with tax incentives and with easier access to income shifting through a high ownership share.