Douglas Shackelford on the Future of the Corporate Income Tax and the Effect of Taxes on the Stock Market

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...