Taxation of Capital Gains [electronic resource] : A Review of the Main Issues / Krister Andersson.
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TextSeries: IMF Working Papers; Working Paper ; No. 91/103Publication details: Washington, D.C. : International Monetary Fund, 1991Description: 1 online resource (29 p.)ISBN: 1451948042 :ISSN: 1018-5941Subject(s): Capital Gains Tax | Capital Gains | Capital Losses | Indexation | Inflation Rate | United StatesAdditional physical formats: Print Version:: Taxation of Capital Gains : A Review of the Main IssuesOnline resources: IMF e-Library | IMF Book Store Abstract: 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.
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.
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