Is the Capital Asset Pricing Model Appropriate in Tax Litigation?

Valuation Strategies, Volume 1, Number 3, January/February 1998

11 Pages Posted: 1 Dec 2013

See all articles by William A. Raabe

William A. Raabe

University of Wisconsin - Whitewater - College of Business and Economics

Gerald E. Whittenburg

San Diego State University

Date Written: January 1, 1998

Abstract

Unless the motivation of the party introducing CAPM evidence is to confuse the court, use of the model should be rare in tax litigation. When confronted with an adversary who bases part of an argument in a tax dispute on the CAPM, one can introduce arguments presented here to invalidate both the model and the argument on which it is based.

Keywords: tax valuation, CAPM, capital asset pricing model

JEL Classification: E62, H21, K34

Suggested Citation

Raabe, William A. and Whittenburg, Gerald E., Is the Capital Asset Pricing Model Appropriate in Tax Litigation? (January 1, 1998). Valuation Strategies, Volume 1, Number 3, January/February 1998. Available at SSRN: https://ssrn.com/abstract=2360235

William A. Raabe (Contact Author)

University of Wisconsin - Whitewater - College of Business and Economics ( email )

Whitewater, WI 53190
United States

HOME PAGE: http://billraabetax.com

Gerald E. Whittenburg

San Diego State University ( email )

5500 Campanile Drive
San Diego, CA 92182-8230
United States
619-594-5693 (Phone)

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