November 7, 2006
How does tax policy affect the pricing and trading of stocks? Now that electronic commerce and intangibles such as information and technology have begun to replace the “bricks and mortar” economy, what role, if any, should the corporate income tax play in this new economy?
In this podcast, Douglas Shackelford, Meade H. Willis Distinguished Professor of Taxation and Director of the University of North Carolina Tax Center, and Research Associate at the National Bureau of Economic Research, discusses the effect of cuts in capital gains and dividend taxes on the stock market; double taxation; the conformity of book and tax accounting; and the viability of the corporate income tax in an economy increasingly comprised of intangible goods. (18 minutes, 2 seconds)
To listen: right-click on the audio file below, and select "Save Target As."
