Commi; mcom
the pro . e s rate and reas
m mdividuals fuj] ci
" / *he before corn
l d f ^ m their incon£
Probably one o
the Commission had
p rate surplus and di
/A Commission's proposj
/ i i \ 5 0% corporation taxl
to the United States
the proposed maxim
allow Canadian indi
poration tax again
(after including t
grossed up dividend
What at first gla
for the equity inves
realization that any
be subject to full p
desirable side-effect
interest rates to incre;
expected to rise by as
integration proposal,
a l r e a d y ^ ^ ^ n t e r e £ f | f t | A T*
•investor was qUj
a n y capital g
•xull personal i
effect would
o increase. The
by as much a,
wsai. The
|terest rates ,
monetary and econor
PRICE
EQUITY
by ERIC J. NEWMAN
16
