<DIV>In the increasingly global business environment of the 1990s, policymakers and executives of multinational corporations must make informed decisions based on a sound knowledge of U.S. and foreign tax policy. Written for a nontechnical audience, <I>Taxing Multinational Corporations</I> summarizes the...</i></div>

<DIV>The tax rules of the United States and other countries have intended and unintended effects on the operations of multinational corporations, influencing everything from the formation and allocation of capital to competitive strategies. The growing importance of international business has led...</div>

We examine the hypothesis that dividend taxes are capitalized into share prices by focusing on investors= implicit valuations of retained earnings versus paid-in equity. Retained earnings are distributable as taxable dividends, whereas paid-in equity is distributable as a tax-free return of...

This working paper reconsiders and adds to empirical evidence on the effect of federal government debt and interest rates.

The establishment of new accounting rules for expensing options would likely do more harm than good.

Does price competition exist in the mutual fund industry? If so, is it too weak to prevent anticompetitive pricing by investment advisors to retail investors?

The establishment of new accounting rules for expensing options would likely do more harm than good.