TY  - UNPD
A1  - Thi, Hoang Ha Nguyen
A1  - Weichenrieder, Alfons J.
T1  - C and S corporation banks: did Trump's tax reform lead to differential effects?
T2  - SAFE working paper ; No. 328
N2  - 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.
T3  - SAFE working paper - 328 
KW  - Tax Cuts and Jobs Act
KW  - corporate taxation
KW  - S corporations
KW  - C corporations
KW  - banks
Y1  - 2021
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/61993
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-619938
UR  - https://ssrn.com/abstract=3976165
IS  - 30 November 2021
PB  - SAFE
CY  - Frankfurt am Main
ER  -