The Resource A realization-based approach to the taxation of financial instruments
A realization-based approach to the taxation of financial instruments
Resource Information
The item A realization-based approach to the taxation of financial instruments represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.This item is available to borrow from 1 library branch.
Resource Information
The item A realization-based approach to the taxation of financial instruments represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.
This item is available to borrow from 1 library branch.
- Summary
- After an introduction, this article sets out the basic concepts of realization and accrual and describes the concept of investment risk. Section III describes the phenomenon of carved-out interests in property, or "carve-outs", and demonstrates how the tax system should deal with them in light of the distinction between returns from investment risk and other kinds of returns. Carve-outs are common features of many financial instruments. Section IV then applies this analysis to two common financial instruments, showing that the investment risk criterion and the carve-out analysis permit taxation of these instruments in a way that is reasonably consistent with the politics that support realization-based taxation and that provides a high degree of consistency and continuity within the tax system. Section V draws several conclusions from the approach developed by the author
- Language
- eng
- Label
- A realization-based approach to the taxation of financial instruments
- Title
- A realization-based approach to the taxation of financial instruments
- Language
- eng
- Summary
- After an introduction, this article sets out the basic concepts of realization and accrual and describes the concept of investment risk. Section III describes the phenomenon of carved-out interests in property, or "carve-outs", and demonstrates how the tax system should deal with them in light of the distinction between returns from investment risk and other kinds of returns. Carve-outs are common features of many financial instruments. Section IV then applies this analysis to two common financial instruments, showing that the investment risk criterion and the carve-out analysis permit taxation of these instruments in a way that is reasonably consistent with the politics that support realization-based taxation and that provides a high degree of consistency and continuity within the tax system. Section V draws several conclusions from the approach developed by the author
- Citation source
- In: Tax law review. - New York. - Vol. 57 (2004),
- http://library.link/vocab/creatorName
- Hasen, D.M
- Geographic coverage
- North America
- Language note
- English
- http://library.link/vocab/subjectName
-
- disposal
- financial instrument
- Label
- A realization-based approach to the taxation of financial instruments
- Label
- A realization-based approach to the taxation of financial instruments
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.ibfd.org/portal/A-realization-based-approach-to-the-taxation-of/r2tCggxCN0E/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.ibfd.org/portal/A-realization-based-approach-to-the-taxation-of/r2tCggxCN0E/">A realization-based approach to the taxation of financial instruments</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.ibfd.org/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.ibfd.org/">International Bureau of Fiscal Documentation</a></span></span></span></span></div>
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.ibfd.org/portal/A-realization-based-approach-to-the-taxation-of/r2tCggxCN0E/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.ibfd.org/portal/A-realization-based-approach-to-the-taxation-of/r2tCggxCN0E/">A realization-based approach to the taxation of financial instruments</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.ibfd.org/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.ibfd.org/">International Bureau of Fiscal Documentation</a></span></span></span></span></div>
