45 Pages Posted: 16 May 2017 Last revised: 17 May 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:
Keywords: partnership taxation, inside basis adjustments, corporate integration, realization, recognition, tax-timing, deferral
JEL Classification: K34, H25, H21
Suggested Citation: Suggested Citation
Sanchirico, Chris William, Pass-Through, Public Trading, and the Dubious Obstacle of Inside Basis Adjustments (May 16, 2017). U of Penn, Inst for Law & Econ Research Paper No. 17-20. Available at SSRN: https://ssrn.com/abstract=2968794