"Empire-building", underinvestment and capital gain taxation
Miglo, Anton (2010) "Empire-building", underinvestment and capital gain taxation. Journal of Current Issues in Finance, Business and Economics, 2 (3). pp. 375-381. ISSN 1935-3553
|
Text
SSRNTaxCapital.pdf Download (101kB) |
Abstract
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.
| Item Type: | Article | ||||||
|---|---|---|---|---|---|---|---|
| Dates: |
|
||||||
| Subjects: | CAH15 - social sciences > CAH15-02 - economics > CAH15-02-01 - economics CAH17 - business and management > CAH17-01 - business and management > CAH17-01-02 - business studies CAH17 - business and management > CAH17-01 - business and management > CAH17-01-04 - management studies CAH17 - business and management > CAH17-01 - business and management > CAH17-01-07 - finance |
||||||
| Divisions: | Faculty of Business, Law and Social Sciences > Birmingham City Business School | ||||||
| Depositing User: | Anton Miglo | ||||||
| Date Deposited: | 21 Aug 2018 08:00 | ||||||
| Last Modified: | 22 Mar 2023 11:49 | ||||||
| URI: | https://www.open-access.bcu.ac.uk/id/eprint/6248 |
Actions (login required)
 |
View Item |
Tools
Tools
Tools
CORE (COnnecting REpositories)