Share of estates subject to inheritance or estate taxes, select countries

2021 ◽  
Keyword(s):  
Estate Taxes

Tax-Advantaged Trust Use Among IPO Executives: Determinants and Implications for Valuation and Future Performance

2019 ◽  
Vol 95 (3) ◽  
pp. 145-175 ◽  
Author(s):  
Michael J. Dambra ◽  
Matthew Gustafson ◽  
Phillip J. Quinn
Keyword(s):  
Stock Price ◽  
Relevant Information ◽  
Data Availability ◽  
Market Prices ◽  
The Public ◽  
Future Performance ◽  
Estate Taxes ◽  
Price Appreciation ◽  
One Year ◽  
Jel Classifications

ABSTRACT We examine the prevalence and determinants of CEOs' use of tax-advantaged trusts prior to their firm's IPO. Twenty-three percent of CEOs use tax-advantaged pre-IPO trusts, and share transfers into tax-advantaged trusts are positively associated with CEO equity wealth, estate taxes, and dynastic preferences. We project that pre-IPO trust use increases CEOs' dynastic wealth by approximately $830,000, on average. We next examine a simple model's prediction that trust use will be positively related to IPO-period stock price appreciation. We find that trust use is associated with 12 percent higher one-year post-IPO returns, but is not significantly related to the IPO's valuation, filing price revision, or underpricing. This evidence is consistent with CEOs' personal finance decisions prior to the IPO containing value-relevant information that is not immediately incorporated into market prices. JEL Classifications: D14; G12; G32; M21; M41. Data Availability: Data are available from the public sources cited in the text.

SHORT AND LONG RUN EFFECTS OF INTEREST-INCOME AND ESTATE TAXES

1974 ◽  
Vol 26 (1-3) ◽  
pp. 109-129 ◽  
Author(s):  
Eytan Sheshinski
Keyword(s):  
Interest Income ◽  
Long Run ◽  
Estate Taxes

Statutory Apportionment of Federal Estate Taxes

1949 ◽  
Vol 62 (6) ◽  
pp. 1022
Keyword(s):  
Estate Taxes

A two-state analysis of estate taxes and charitable bequests from the most generous decedents

2012 ◽  
Vol 28 (1) ◽  
pp. 38-48 ◽  
Author(s):  
Steven A. Hanke ◽  
Ted D. Englebrecht ◽  
Hui Di ◽  
Timothy Bisping
Keyword(s):  
Estate Taxes ◽  
Charitable Bequests ◽  
State Analysis

Federal Estate Taxes and Philanthropic Bequests

1949 ◽  
Vol 57 (4) ◽  
pp. 337-344 ◽  
Author(s):  
C. Lowell Harriss
Keyword(s):  
Estate Taxes
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