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Full-Text Articles in Law
The Misuse Of Tax Incentives To Align Management-Shareholder Interests, James R. Repetti
The Misuse Of Tax Incentives To Align Management-Shareholder Interests, James R. Repetti
James R. Repetti
The U.S. tax system contains many provisions which are intended to align management of large publicly traded companies more closely to stockholders. This article shows that many of the tax provisions that have been adopted are of questionable effectiveness because they fail to address the complexities of stockholder-management relations in attempting to motivate management to act in the best interests of stockholders. The article proposes that rather than Congress attempting to identify the best way that it can use the tax system to motivate management, Congress should eliminate tax provisions which subsidize management's inefficiencies in order to encourage stockholders, themselves, …
Constitutional Conditions: Regulating Independent Political Expenditures By Government Contractors After Citizens United, Michael Boardman
Constitutional Conditions: Regulating Independent Political Expenditures By Government Contractors After Citizens United, Michael Boardman
Michael Boardman
A milestone in campaign finance jurisprudence, the Citizens United case sparked a political firestorm. Holding that all citizens and corporate entities are permitted to spend freely on elections, the Court overturned Austin v. Michigan Chamber of Commerce and parts of McConnell v. FEC, and mooted two other cases in the field. Only six months later, the House of Representatives passed the DISCLOSE Act in an overt attempt to counteract the Citizens United decision. The Act has received much attention for its heightened corporate disclosure requirements, but another of its lesser-debated provisions could prove more onerous for America’s wealthiest corporations and …