Makes the point that the general partners, and other part of the contract for a share of the profits of any company that they managed to generate. This practice raises the question whether the value of the contract rights should be taxed when it is received or only when profits ultimately earned. Raises questions about the tax laws and business practices should be the same on confidence. Implicit is the question of whether there is a certain minimum amount of certainty required before we have to put the burden of cash flow taxes. "Hide
by Henry B. Reiling Source: Harvard Business School 2 pages. Publication Date: September 10, 1992. Prod. #: 293043-PDF-ENG
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