AUTHORS' ANALYSIS Edwards et al.

AUTHORS' ANALYSIS

Edwards et al. (2004) address an important research question in a relatively unique setting: the taxation of corporate flat capital gains tax and the expansion to which those taxes cause economic inefficiencies. Inefficiencies can arise if capital gains taxes cause assets to be "lock in" to les than optimal uses. Although it pretends obvious that "lock-in" appears the extant literature indicates that the matter is not with equal reason clear. The advent of sophisticated investment vehicles (such as trespass Exchangeable for Common Stock [DECS]; behold Sheppard ...

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