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Persistent link: https://www.econbiz.de/10003791662
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
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