The Resource Equal taxation as a basis for classifying financial instruments as debt or equity : a Swedish case study
Equal taxation as a basis for classifying financial instruments as debt or equity : a Swedish case study
Resource Information
The item Equal taxation as a basis for classifying financial instruments as debt or equity : a Swedish case study 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 Equal taxation as a basis for classifying financial instruments as debt or equity : a Swedish case study 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 examines the way in which classification of financial instruments as debt or equity has developed in the Swedish income taxation system over the past 25 years. Although the structure of the tax system is based on the assumption that debt instruments are financial instruments with low risk, legal developments have not shared that assumption, resulting in several types of high-risk derivative instruments being covered by the definition of legal debt. This article illustrates how those developments, which can be recognised in most income tax systems within OECD countries, seriously threatens the fundament of the tax system: equal taxation for capital income and income from labour. The article concludes by illustrating how the standard solution to the problem of classifying financial instruments as debt and equity - by treating them alike - does not fulfill the challenged principle of equal taxation, but actually intensifies the development towards unequal taxation
- Language
- eng
- Label
- Equal taxation as a basis for classifying financial instruments as debt or equity : a Swedish case study
- Title
- Equal taxation as a basis for classifying financial instruments as debt or equity : a Swedish case study
- Language
- eng
- Summary
- This article examines the way in which classification of financial instruments as debt or equity has developed in the Swedish income taxation system over the past 25 years. Although the structure of the tax system is based on the assumption that debt instruments are financial instruments with low risk, legal developments have not shared that assumption, resulting in several types of high-risk derivative instruments being covered by the definition of legal debt. This article illustrates how those developments, which can be recognised in most income tax systems within OECD countries, seriously threatens the fundament of the tax system: equal taxation for capital income and income from labour. The article concludes by illustrating how the standard solution to the problem of classifying financial instruments as debt and equity - by treating them alike - does not fulfill the challenged principle of equal taxation, but actually intensifies the development towards unequal taxation
- Citation source
- In: eJournal of Tax Research. - Sydney. - Vol. 13 (2015),
- http://library.link/vocab/creatorName
-
- Hilling, A
- Vilhelmsson, A
- Geographic coverage
- Europe
- Language note
- English
- http://library.link/vocab/subjectName
-
- financial instrument
- income classification
- debt capital
- equity capital
- equal treatment
- Label
- Equal taxation as a basis for classifying financial instruments as debt or equity : a Swedish case study
- Label
- Equal taxation as a basis for classifying financial instruments as debt or equity : a Swedish case study
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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/Equal-taxation-as-a-basis-for-classifying/MufNXLwYFGQ/" 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/Equal-taxation-as-a-basis-for-classifying/MufNXLwYFGQ/">Equal taxation as a basis for classifying financial instruments as debt or equity : a Swedish case study</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/Equal-taxation-as-a-basis-for-classifying/MufNXLwYFGQ/" 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/Equal-taxation-as-a-basis-for-classifying/MufNXLwYFGQ/">Equal taxation as a basis for classifying financial instruments as debt or equity : a Swedish case study</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>
