Capital gains realiztions of the rich and sophisticated:
This paper attempts to bring theoretical and empirical research on capital gains realization behavior closer together by considering whether investors who appear to engage more in strategic tax avoidance activity also respond differently to tax rates. We find that such investors exhibit significantl...
Gespeichert in:
| Beteiligte Personen: | , |
|---|---|
| Format: | Buch |
| Sprache: | Englisch |
| Veröffentlicht: |
Cambridge, Mass.
2000
|
| Schriftenreihe: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
7532 |
| Schlagwörter: | |
| Links: | http://papers.nber.org/papers/w7532.pdf |
| Zusammenfassung: | This paper attempts to bring theoretical and empirical research on capital gains realization behavior closer together by considering whether investors who appear to engage more in strategic tax avoidance activity also respond differently to tax rates. We find that such investors exhibit significantly smaller responses to permanent tax rate changes than other investors. Put another way, a larger part of their response to capital gains tax rates reflects timing, consistent with their closer adherence to tax avoidance strategies emphasizing arbitrage based on tax rate differentials. This finding holds for two alternative specifications of realization behavior, one of which suggests larger permanent responses to capital gains tax rates than those of previous panel studies. |
| Umfang: | 13 S. |
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| 245 | 1 | 0 | |a Capital gains realiztions of the rich and sophisticated |c Alan J. Auerbach ; Jonathan M. Siegel |
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| 490 | 1 | |a National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |v 7532 | |
| 520 | |a This paper attempts to bring theoretical and empirical research on capital gains realization behavior closer together by considering whether investors who appear to engage more in strategic tax avoidance activity also respond differently to tax rates. We find that such investors exhibit significantly smaller responses to permanent tax rate changes than other investors. Put another way, a larger part of their response to capital gains tax rates reflects timing, consistent with their closer adherence to tax avoidance strategies emphasizing arbitrage based on tax rate differentials. This finding holds for two alternative specifications of realization behavior, one of which suggests larger permanent responses to capital gains tax rates than those of previous panel studies. | ||
| 648 | 4 | |a 1986-1993 | |
| 650 | 4 | |a Kapitalertrag / Steuervermeidung / Wertzuwachssteuer / Theorie / USA | |
| 700 | 1 | |a Siegel, Jonathan M. |e Verfasser |4 aut | |
| 776 | 0 | 8 | |i Erscheint auch als |n Online-Ausgabe |
| 830 | 0 | |a National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |v 7532 |w (DE-604)BV002801238 |9 7532 | |
| 856 | 4 | 1 | |u http://papers.nber.org/papers/w7532.pdf |z kostenfrei |3 Volltext |
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-008938235 | |
Datensatz im Suchindex
| _version_ | 1818955661963165696 |
|---|---|
| any_adam_object | |
| author | Auerbach, Alan J. 1951- Siegel, Jonathan M. |
| author_GND | (DE-588)124566537 |
| author_facet | Auerbach, Alan J. 1951- Siegel, Jonathan M. |
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| author_sort | Auerbach, Alan J. 1951- |
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| building | Verbundindex |
| bvnumber | BV013119545 |
| ctrlnum | (OCoLC)247313429 (DE-599)BVBBV013119545 |
| era | 1986-1993 |
| era_facet | 1986-1993 |
| format | Book |
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| id | DE-604.BV013119545 |
| illustrated | Not Illustrated |
| indexdate | 2024-12-20T10:41:37Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-008938235 |
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| physical | 13 S. |
| publishDate | 2000 |
| publishDateSearch | 2000 |
| publishDateSort | 2000 |
| record_format | marc |
| series | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| series2 | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| spelling | Auerbach, Alan J. 1951- Verfasser (DE-588)124566537 aut Capital gains realiztions of the rich and sophisticated Alan J. Auerbach ; Jonathan M. Siegel Cambridge, Mass. 2000 13 S. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 7532 This paper attempts to bring theoretical and empirical research on capital gains realization behavior closer together by considering whether investors who appear to engage more in strategic tax avoidance activity also respond differently to tax rates. We find that such investors exhibit significantly smaller responses to permanent tax rate changes than other investors. Put another way, a larger part of their response to capital gains tax rates reflects timing, consistent with their closer adherence to tax avoidance strategies emphasizing arbitrage based on tax rate differentials. This finding holds for two alternative specifications of realization behavior, one of which suggests larger permanent responses to capital gains tax rates than those of previous panel studies. 1986-1993 Kapitalertrag / Steuervermeidung / Wertzuwachssteuer / Theorie / USA Siegel, Jonathan M. Verfasser aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 7532 (DE-604)BV002801238 7532 http://papers.nber.org/papers/w7532.pdf kostenfrei Volltext |
| spellingShingle | Auerbach, Alan J. 1951- Siegel, Jonathan M. Capital gains realiztions of the rich and sophisticated National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Kapitalertrag / Steuervermeidung / Wertzuwachssteuer / Theorie / USA |
| title | Capital gains realiztions of the rich and sophisticated |
| title_auth | Capital gains realiztions of the rich and sophisticated |
| title_exact_search | Capital gains realiztions of the rich and sophisticated |
| title_full | Capital gains realiztions of the rich and sophisticated Alan J. Auerbach ; Jonathan M. Siegel |
| title_fullStr | Capital gains realiztions of the rich and sophisticated Alan J. Auerbach ; Jonathan M. Siegel |
| title_full_unstemmed | Capital gains realiztions of the rich and sophisticated Alan J. Auerbach ; Jonathan M. Siegel |
| title_short | Capital gains realiztions of the rich and sophisticated |
| title_sort | capital gains realiztions of the rich and sophisticated |
| topic | Kapitalertrag / Steuervermeidung / Wertzuwachssteuer / Theorie / USA |
| topic_facet | Kapitalertrag / Steuervermeidung / Wertzuwachssteuer / Theorie / USA |
| url | http://papers.nber.org/papers/w7532.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT auerbachalanj capitalgainsrealiztionsoftherichandsophisticated AT siegeljonathanm capitalgainsrealiztionsoftherichandsophisticated |