Abstract

http://ssrn.com/abstract=1975152
 


 



Taxation of Financial Products: Options for Fundamental Reform


Alex Raskolnikov


Columbia University - Law School

December 1, 2011

Tax Notes, Vol. 133, No. 12, 2011
Columbia Law and Economics Working Paper No. 415

Abstract:     
The following is testimony to the joint hearing of the House of Representatives Committee on Ways and Means and the Senate Committee on Finance. The testimony discusses three benchmarks for evaluating the taxation of capital income in general and financial instruments in particular, summarizes three broad-based approaches to reforming the tax treatment of financial products, evaluates the impact of other fundamental reforms on the urgency of reforming the taxation of derivatives, and urges Congress to encourage the IRS to make detailed tax return data available for empirical research of revenue costs and other losses arising from derivatives-based tax planning.

Number of Pages in PDF File: 9

Keywords: taxation, derivatives, financial instruments, fundamental reform

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Date posted: December 22, 2011 ; Last revised: January 21, 2012

Suggested Citation

Raskolnikov, Alex, Taxation of Financial Products: Options for Fundamental Reform (December 1, 2011). Tax Notes, Vol. 133, No. 12, 2011; Columbia Law and Economics Working Paper No. 415. Available at SSRN: http://ssrn.com/abstract=1975152

Contact Information

Alex Raskolnikov (Contact Author)
Columbia University - Law School ( email )
435 West 116th Street
New York, NY 10025
United States
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