CCGR Information hub Wealth tax Does the taxation of wealth have repurcussions on companies? Jump to... Wealth tax CCGR Research Other research Janis Berzins, Øyvind Bøhren and Bogdan Stacescu Shareholder Illiquidity and Firm Behavior: Financial and Real Effects of the Personal Wealth Tax in Private Firms We examine how negative liquidity shocks to shareholders propagate to the firm.