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On capital gain taxation

Anton Miglo

No 813, Working Papers from University of Guelph, Department of Economics and Finance

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" or the underinvestment problem.

Pages: 10 pages
Date: 2008
New Economics Papers: this item is included in nep-acc, nep-pbe and nep-pub
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Persistent link: https://EconPapers.repec.org/RePEc:gue:guelph:2008-13

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