The Lock-In Effect of Capital Gains Taxes: Evidence from the RJR Nabisco Leveraged Buyout
Studies overcomes data limitations and analyses capital gains taxes using the 1989 RJR Nabisco leverage buyout as an example. Finds negative correlation between price and tax basis for the shares sold.
Volume (Year): 48 (1995)
Issue (Month): 2 (June)
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- Cook, Eric W. & O'Hare, John F., 1992. "Capital Gains Redux: Why Holding Periods Matter," National Tax Journal, National Tax Association, vol. 45(1), pages 53-76, March.
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