首页 正文

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

{{output}}
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 hi... ...