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Article
The Proper Role of the Estate and Gift Taxation of Closely Held Businesses
32 Real Property, Probate and Trust Journal 103-143 (1997)
  • Eric D. Chason, William & Mary Law School
  • Robert T Danforth
Abstract
The authors argue that the goals of estate and gift taxation are not served by taxing closely held businesses when the recipient of the business actively participates in its operation. Further, the authors suggest that taxing closely held businesses tends to harm capital production. The authors propose an approach to estate and gift taxation that encourages productive behavior by the recipients of wealth.
Document Type
Article
Publication Date
4-1-1997
Citation Information
Eric D. Chason and Robert T Danforth. "The Proper Role of the Estate and Gift Taxation of Closely Held Businesses" 32 Real Property, Probate and Trust Journal 103-143 (1997) (1997)
Available at: http://works.bepress.com/robert_danforth/5/