tax-free dividend

Through investing and divide into or profit carry on dividend that go back tax revenue support and exempt to enterprise, Avoid levying taxes repeatedly;

通过对企业投资分回的股息或利润进行税收抵免，避免重复征税；

And the future capital gains can be expressed in terms of dividend, net profit, profit before interest and tax, and net cash flow, etc.

企业未来资本收益可用股利、净利润、息税前利润和净现金流量等表示。

The tax effect of enterprise distribution profits is relevant with the mode of pay dividend distribution and salary distribution.

利润分配对企业边际税率的影响则与薪酬分配方式和股利分配方式的选择有关。

Optimal Control of Dividend Policy under Tax Rate Differences

税收差异影响下公司股利分配的最优控制研究

An Empirical Study on Tax Effect of Dividend Policy in China

我国股利政策税收效应的实证研究