Question: . Lengthy response please/ NEED NEW ANSWER / ANSWER NEVER USED BEFORE/ no textbook answers please. In the modern business world, there are many controversies

Lengthy response please/ NEED NEW ANSWER / ANSWER NEVER USED BEFORE/ no textbook answers please.

In the modern business world, there are many controversies regarding taxes by the federal government and dividend policies by organizations. Financial theorists such as Brennan (1970), Masulis & Trueman (1988) have stipulated that taxes affect the organization's corporate dividend policy, but this does not always apply, especially in the banking industry.

What do you think is the relationship between tax policies and dividend policies?

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