High tax rate on dividends creates incentives

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This is for a discussion post. Be sure that the answer is original, and if sources are used, to provide them. In THREE paragraphs, please provide a discussion post on the below topic:

Some may argue that a high tax rate on dividends creates incentives for managers to continue about their business without credibly convincing investors that the firm is doing well, even when it is. Discuss how this may be true.

Reference no: EM131338161

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