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"Empire-building", underinvestment and capital gain taxation
Miglo, Anton - In: Business and finance : performance and management, (pp. 191-197). 2011
Persistent link: https://www.econbiz.de/10009304107
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'Empire-Building', Underinvestment and Capital Gain Taxation
Miglo, Anton - 2010
This note provides an explanation for why tax rates on capital gains are usually lower than ordinary income tax rates based on manager's agency problem related to "empire-building" and the underinvestment problem
Persistent link: https://www.econbiz.de/10014199048
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'Empire-Building,' Underinvestment and Capital Gain Taxation
Miglo, Anton - 2010
This note provides an explanation for why tax rates on capital gains are usually lower than ordinary income tax rates based on manager's agency problem related to "empire-building" and the underinvestment problem
Persistent link: https://www.econbiz.de/10014199050