Nash, Claire Y.; Wilder, W.Mark; Stocks, Morris H. - In: Advances in taxation, (pp. 245-270). 2002
Investment companies dominate U.S. equity markets, both in terms of the large proportion of equity capital they control and the sizable trading volume they generate. This shift in the ownership of U.S. equity securities could lessen the impact of changes in U.S. capital gains tax policy which...