Transcript: Aswath Damodaran
The Big Picture
APRIL 11, 2023
Since 2004, the tax rate on dividends and capital gains is 15 percent, 18 percent, 21 percent. In the first quarter of 2020 when COVID shut the global economy down, everybody felt that the right thing for companies to do is hold back cash. One is inflation, the other is what’s going to happen to the economy. They match up.
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