C and S corporation banks: Did Trump's tax reform lead to differential effects?

Arbeitspapier

The US Tax Cuts and Jobs Act (TCJA) led to a drastic reduction in the corporate tax and improved the treatment of C corporations compared to S corporations. We study the differential effect of the TCJA on these types of corporations using key economic variables of US banks, such as the number of employees, average salaries and benefits, profit/loss before taxes, and net income. Our analysis suggests that the TCJA increased the net-of-tax profits of C corporation banks compared to S corporations and, to a lesser extent, their pre-tax profits. At the same time, the reform triggered no significantly differential effect on the employment and average wages.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: SAFE Working Paper ; No. 328

Klassifikation und Themen

• Klassifikation: Wirtschaft
• Thema: Tax Cuts and Jobs Act ; corporate taxation ; S corporations ; C corporations ; banks

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Thi, Hoang Ha Nguyen ; Weichenrieder, Alfons J.
• Ereignis: Veröffentlichung
• (wer): Leibniz Institute for Financial Research SAFE
• (wo): Frankfurt a. M.
• (wann): 2021

Weitere Informationen

• DOI: doi:10.2139/ssrn.3976165
• Handle: http://hdl.handle.net/10419/247664
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ