000			01637nab#a2200265#c#4500
003			IEF
005			20180219161902.0
008			171024s2017 USA|| #####0 b|ENG|u
040			_aIEF
041			_aENG
100	1		_aWeisbach, David A. _938823
245			_aCapital gains taxation and corporate investment _c David A. Weisbach
260			_c2017
500			_aDisponible también en línea a través de la Biblioteca del Instituto de Estudios Fiscales. Resumen. Conclusión. Bibliografía.
650		4	_aPLUSVALIAS _943197
650		4	_aDIVIDENDOS _942810
650		4	_aIMPUESTOS _947460
650		4	_aINVERSIONES EMPRESARIALES _943879
650		4	_aESTADOS UNIDOS _942888
520			_aThis study examines the interaction of dividend taxes and capital gains taxes from the sale of stock. Capital gains taxes produce lock-in, increasing the required rate of return for a sale and reinvestment. Using a model of the new view of the corporate tax, this study shows that the lock-in effect when stock is sold determines the optimal dividend payment, increasing the required rate of return for corporate investment.As a result, capital gains taxes on sales of stock increase dividend payments andreduce investment. The new view result, that dividend taxes do not affect investment,however, survives in this setting. The study also considers differences betweendividends and repurchases andsales between heterogeneous investors, both whichalter the tax incentives forsales and distributions.
773	0		_tNational tax journal _w86491 _gv. 70, n. 3, September 2017, p. 621-642
942			_cART
942			_z148728
999			_c68636 _d68636