The Resource A utility-based explanation of tax asymmetries
A utility-based explanation of tax asymmetries
Resource Information
The item A utility-based explanation of tax asymmetries 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 utility-based explanation of tax asymmetries 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
- This article develops a utility-based explanation for the existence of an asymmetric tax treatment of gains and losses when investors are loss averse. The authors find that loss offset rules should be more restrictive for investors which are (1) more risk averse in case of gains, (2) less risk seeking in case of losses, or (3) more loss averse. Their findings have important policy implications. Tax authorities often implement identical loss offset rules for different investor clienteles. However, when designing loss offset rules, tax authorities should take into account differences in risk attitude and loss aversion across different groups of investors
- Language
- eng
- Label
- A utility-based explanation of tax asymmetries
- Title
- A utility-based explanation of tax asymmetries
- Language
- eng
- Summary
- This article develops a utility-based explanation for the existence of an asymmetric tax treatment of gains and losses when investors are loss averse. The authors find that loss offset rules should be more restrictive for investors which are (1) more risk averse in case of gains, (2) less risk seeking in case of losses, or (3) more loss averse. Their findings have important policy implications. Tax authorities often implement identical loss offset rules for different investor clienteles. However, when designing loss offset rules, tax authorities should take into account differences in risk attitude and loss aversion across different groups of investors
- Citation source
- In: World tax journal. - Amsterdam. - Vol. 7 (2015),
- http://library.link/vocab/creatorName
-
- Fochmann, M
- Jacob, M
- Geographic coverage
- International
- Language note
- English
- http://library.link/vocab/subjectName
-
- capital gains
- loss relief
- investment
- Label
- A utility-based explanation of tax asymmetries
- Label
- A utility-based explanation of tax asymmetries
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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-utility-based-explanation-of-tax/TsJhxdmHuE4/" 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-utility-based-explanation-of-tax/TsJhxdmHuE4/">A utility-based explanation of tax asymmetries</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-utility-based-explanation-of-tax/TsJhxdmHuE4/" 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-utility-based-explanation-of-tax/TsJhxdmHuE4/">A utility-based explanation of tax asymmetries</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>