Can't get past the abstract, but that lays out the key assertion:
>Accounting for income in holding companies erases half of the difference in the 1980-2020 rise of the top 1% fiscal income share between Nordic countries and the United States, where rules penalizing the use of holding companies have been in place since the 1930s.
Can't get past the abstract, but that lays out the key assertion:
>Accounting for income in holding companies erases half of the difference in the 1980-2020 rise of the top 1% fiscal income share between Nordic countries and the United States, where rules penalizing the use of holding companies have been in place since the 1930s.