search query: @author Skinner, D. / total: 5
reference: 4 / 5
| Author: | Seyhun, N. Skinner, D. |
| Title: | How do taxes affect investors' stock market realizations? Evidence from tax-return panel data |
| Journal: | Journal of Business
1994 : APR, VOL. 67:2, p. 231-262 |
| Index terms: | BUSINESS ECONOMICS TAXATION STOCK OPTIONS |
| Language: | eng |
| Abstract: | This article provides direct evidence on the empirical importance of tax-reduction strategies. The authors' results indicate that relatively few investors trade securities to reduce their taxes and that tax-induced trading has little effect on stock prices. The findings suggest that, holding all else constant, stock prices are likely to be insensitive to the difference between short- and long-term capital gains tax rates. |
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