"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

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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:	Date Event 15 January 2010 Accepted 2010 Published
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 > College of Accountancy, Finance and Economics Faculty of Business, Law and Social Sciences > College of Business, Digital Transformation & Entrepreneurship
Depositing User:	Anton Miglo
Date Deposited:	21 Aug 2018 08:00
Last Modified:	20 Jun 2024 12:07
URI:	https://www.open-access.bcu.ac.uk/id/eprint/6248