Again, clearly presenting the advantages and disadvantages of capital gains taxation
in the first instance, the same for indirect transfers second, and then options on how to implement such a tax is a better approach and will allow countries to make an informed decision on an indirect transfer tax that furthers their overall tax policy goals.
Studies by Burman, Wallace, and Weiner (1996) and Hoyt and Rosenthal (1990, 1992) examine the impact of pre-TRA97 capital gains taxation
on housing consumption.
1202 is that, in states that allow this exclusion, state capital gains taxation
can be cut in half.
Prediction 20 All else equal, tax effects imply that firm value is negatively related to 1) the portion of payout dedicated to dividends, and 2) dividend taxation relative to capital gains taxation
. Analogously, required pre-tax stock returns increase with dividend payout and relative dividend taxation.
Reese, "Capital Gains Taxation
and Stock Market Activity: Evidence from the IPOs," Journal of Finance, 53 (1998), pp.
Congressional debates about capital gains taxation
are always conducted with a feverish religious undertone: You are either a believer in low capital gains rates or you're not.
A cash-flow tax would eliminate most of the serious distortions in the corporate tax system by eliminating capital gains taxation
, replacing capitalization with expensing, and creating financial neutrality between debt and equity.
Securities houses Nomura Holdings and Daiwa Securities Group advanced on a news report that the ruling Liberal Democratic Party's tax commission is eyeing easing the planned time period of a temporary reduction in the rate of capital gains taxation
on stocks and extending the reduced 10% rate to all shareholdings.
The sustained prosperity of 1992-99 reflected average consumer price inflation of 2.5 percent and reduced capital gains taxation
that spurred investment in computer and related equipment.
The tax treatment of the resource sector is being made more neutral; capital gains taxation
of the proceeds of fishing license retirements has been lowered, encouraging further desirable shrinkage of that industry; and a task force to improve environmental knowledge was established in September 2000.
As far as capital gains taxation
under the 40/98 law is concerned, the more extreme cases of ETR are considered in Table 4.
1202 from capital gains taxation
must be included on federal Form 6251, Line 14m, and on California Schedule P, Line 131.