| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w7532 |
| 来源ID | Working Paper 7532 |
| Capital Gains Realizations of the Rich and Sophisticated | |
| Alan J. Auerbach; Jonathan M. Siegel | |
| 发表日期 | 2000-02-01 |
| 出版年 | 2000 |
| 语种 | 英语 |
| 摘要 | 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. |
| 主题 | Public Economics ; Taxation ; Financial Economics ; Portfolio Selection and Asset Pricing |
| URL | https://www.nber.org/papers/w7532 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/565080 |
| 推荐引用方式 GB/T 7714 | Alan J. Auerbach,Jonathan M. Siegel. Capital Gains Realizations of the Rich and Sophisticated. 2000. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w7532.pdf（50KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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