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- Title
Special Allocations, Investment Decisions, and Transactions Costs in Partnerships.
- Authors
Fellingham, John C.; Young, Richard A.
- Abstract
The article focuses on an analysis of the optimal partnership contracts and tax-induced incentives for partnership formation. It states that there are three tax attribute types under consideration: ordinary income, ordinary deductions, and preference income. It mentions that prior to the U.S. Tax Reform Act of 1986, long term capital returns were given special treatment, along with percentage depletion. It comments that due to progressive tax rates, corporations are taxed with different rates than individuals.
- Subjects
UNITED States; TRANSACTION cost theory of the firm; BUSINESS partnerships; TAX incentives; CAPITAL gains; TAX reform; ORDINARY income; PROGRESSIVE taxation
- Publication
Journal of Accounting Research (Wiley-Blackwell), 1989, Vol 27, Issue 2, p179
- ISSN
0021-8456
- Publication type
Article
- DOI
10.2307/2491231