Taxation of Capital Gains
Author | : Krister Andersson |
Publisher | : International Monetary Fund |
Total Pages | : 29 |
Release | : 1991-10-01 |
ISBN-10 | : 9781451948042 |
ISBN-13 | : 1451948042 |
Rating | : 4/5 (042 Downloads) |
Download or read book Taxation of Capital Gains written by Krister Andersson and published by International Monetary Fund. This book was released on 1991-10-01 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the main issues that needs to be addressed in the taxation of capital gains. The main focus of the paper is on the tax treatment of capital gains in the United States. The impact of inflation on asset values and the taxation of gains have led to calls for an inflation-adjusted taxation of capital gains. Others have called for the exclusion of a part of the nominal gains from taxation. This paper argues that if the exclusion method is used, the exclusion rate should increase as the holding period gets longer.