Pass-Through, Public Trading, and the Dubious Obstacle of Inside Basis Adjustments
45 Pages Posted: 16 May 2017 Last revised: 31 Aug 2017
Date Written: May 16, 2017
Elective “inside basis adjustments” are a central feature of partnership taxation, and their prospective infeasibility for publicly traded companies has played an important role in shaping leading corporate integration proposals. This paper questions whether such adjustments are necessary in the first place.
Web Appendix for "Pass-Through, Public Trading, and the Dubious Obstacle of Inside Basis Adjustments" available at:http://ssrn.com/abstract=2968859.
Keywords: partnership taxation, inside basis adjustments, corporate integration, realization, recognition, tax-timing, deferral
JEL Classification: K34, H25, H21
Suggested Citation: Suggested Citation