Embarrassed by business -- Big lie #1, the current downturn means the death of capitalism -- Big lie #2, when the rich get richer, the poor get poorer -- Big lie #3, business executives are overpaid and corrupt -- Big lie #4, big business is bad, small business is good -- Big lie #5, government...

This paper focuses on firm valuation for tax purposes of non-listed company shares and its sensitivity towards different market conditions. Since the value of a private company cannot be observed on the stock market the value has to be estimated. Due to uncertainty, expected future profits may...

This article analyzes the claims of a recent commentary by Douglas Holtz-Eakin, The Death Tax: Investments, Employment and Entrepreneurs, in 84 Tax Notes 782 (Aug. 2, 1999) that the estate tax discourages entrepreneurs from investing their resources in their entrepreneurial activities. The...