The Resource A utility-based explanation of tax asymmetries

A utility-based explanation of tax asymmetries

Label
A utility-based explanation of tax asymmetries
Title
A utility-based explanation of tax asymmetries
Creator
Subject
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
Instantiates
Publication
Label
A utility-based explanation of tax asymmetries
Publication

Library Locations

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      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.3736660 4.9336932
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