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Capital Taxation and Growth: International Evidence

capital! That proves that high taxes on capital cause slow growth!” First of all, even if such a correlation existed, that wouldn’t prove anything by itself. There are a host…

Morality Tales and Capital Flows

…on the emerging markets and not enough on the volatile capital flows that can overwhelm their financial markets. Capital outflows—particularly those large outflows known as “sudden stops”—are often attributed to…

More on Carried Interest

…long-term investment”. He claims that carried interest is clearly a tax on capital gains merely because the capital gains on investments in the partnership is passed through to the service…