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Investing for Productivity and Prosperity (1994) / Chapter Skim
Currently Skimming:

Taking the Long View of Policy Reform
Pages 40-40

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From page 40...
... · The board also supports capital market policies that encourage investors to hold assets longer term, including relaxing in appropriate ways regulations that require institutional investors to hold highly diversified portfolios. A capital gains tax incentive for long-term equity investments would also encourage a longer horizon while it mitigates double taxation of corporate-retained earnings.
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Key Terms

  • capital allocation
  • allocation process
  • capital accumulation
  • diversified portfolios
  • market policies

  • gains tax
  • productive capital
  • economic performance
  • require institutional
  • stimulus options

  • corporate goals
  • encourage investors
  • including pension
  • investment rates
  • hold highly

  • including relaxing
  • supports capital
  • double taxation
  • value attached
  • capital market

  • hold equities
  • highly diversified
  • significant steps
  • adverse effect
  • suboptimal investment

  • hold assets
  • capital gains
  • represent significant
  • rate immediately
  • proposals represent


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