Miglo, A. (2011) Empire-building: underinvestment and capital gain taxation. In: Morland, R. B. and Gagglione, A. J. (eds.) Business and Finance: Performance and Management. Nova Science Publishers: New York, pp. 191-198. ISBN 9781611229363
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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 under investment problem.
| Item Type: | Book Sections |
|---|---|
| Status: | Published |
| Glasgow Author(s) Enlighten ID: | Miglo, Dr Anton |
| Authors: | Miglo, A. |
| College/School: | College of Social Sciences > Adam Smith Business School > Accounting and Finance |
| Publisher: | Nova Science Publishers |
| ISBN: | 9781611229363 |
| Related URLs: |
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