An Improved Model of Dividend Tax Based on Continuous Function

Yan Chunning (), Zhang Hang (), Chen Qianqian () and Huang Yangxin ()
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Yan Chunning: School of Management, Shanghai University, Shanghai200444, China
Zhang Hang: School of Management, Shanghai University, Shanghai200444, China
Chen Qianqian: School of Management, Shanghai University, Shanghai200444, China
Huang Yangxin: Department of Epidemiology and Biostatistics, University of South Florida, Tampa, FL 33612, USA

Journal of Systems Science and Information, 2014, vol. 2, issue 6, 568-576

Abstract: By comparing several kinds of continuous functions, a normal distribution function-based model is proposed to improve the existing Levy policy of dividend tax in this paper. The improved model is adopted to stimulate the long-term investment and contain the short-term speculation. Further, this improved model paves an avenue to overcome the deficiency on the double policy of dividend tax rate by holding stock period with one day difference and also adjust the tax revenues by controlling the parameters of the distribution function. The findings from this study suggest that the improved model with normal distribution function may provide more reasonable results based on the data from the stock market and, finally, the proper decision is discussed.

Keywords: dividend bonus; normal distribution function; differentiated taxation (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:bpj:jossai:v:2:y:2014:i:6:p:568-576:n:8

DOI: 10.1515/JSSI-2014-0568

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