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Tuesday, August 11, 2020 | History

3 edition of Taxes and portfolio choice found in the catalog.

Taxes and portfolio choice

Mihir A. Desai

Taxes and portfolio choice

evidence from JGTRRA"s treatment of international dividends

by Mihir A. Desai

  • 33 Want to read
  • 32 Currently reading

Published by National Bureau of Economic Research in Cambridge, Mass .
Written in English

    Subjects:
  • United States,
  • Taxation -- United States,
  • Portfolio management -- Decision making -- Econometric models

  • About the Edition

    This paper investigates how taxes influence portfolio choices by exploring the response to the distinctive treatment of foreign dividends in the Jobs and Growth Tax Relief Reconciliation Act (JGTRRA). JGTRRA lowered the dividend tax rate to 15% for American equities and extended this tax relief only to foreign corporations from a subset of countries. This paper uses a difference-in-difference analysis that compares US equity holdings in affected and unaffected countries. The international investment responses to JGTRRA were substantial and imply an elasticity of asset holdings with respect to taxes of -1.6. This effect cannot be explained by several potential alternative hypotheses, including differential changes to the preferences of American investors, differential changes in investment opportunities, differential time trends in investment or changed tax evasion behavior.

    Edition Notes

    StatementMihir A. Desai, Dhammika Dharmapala.
    SeriesNBER working paper series -- no. 13281., Working paper series (National Bureau of Economic Research) -- working paper no. 13281.
    ContributionsDharmapala, Dhammika, National Bureau of Economic Research.
    The Physical Object
    Pagination24, [8] p. :
    Number of Pages24
    ID Numbers
    Open LibraryOL17635161M
    OCLC/WorldCa166353652

    General equilibrium model of housing, taxes, and portfolio choice. Cambridge, MA: National Bureau of Economic Research, [] (OCoLC) Material Type: Internet resource: Document Type: Book, Internet Resource: All Authors / Contributors: James Arthur Berkovec; Don Fullerton; National Bureau of Economic Research. Tax-efficient investing is important because you don’t get to live on your pre-tax returns, what you can actually spend is after-taxes dollars. Fortunately, you can exercise far more control over your portfolio’s tax situation than you can its exposure to the short-term gyrations in the market.

    Book to Tax Terms: Book Accounting: Accounting used on a company’s audited financial statements. Balance Sheets (assets, liabilities and equity) and income statements should be reported using U.S. GAAP. Tax Accounting: Income and deductions reported on tax return in accordance with the rules in the I.R.C. and attending regulations. Downloadable (with restrictions)! The paper provides a comprehensive assessment of the growth and welfare effects of the German corporate tax reform, which entails a shift of the capital tax burden from the firm to the household level. Using a dynamic two-country computable general-equilibrium model with integrated capital markets, the results indicate a faint growth Cited by: 1.

    We describe a model in which rental and owner housing are risky assets, tenure choice is endogenous, and each household is constrained to consume the same amount of owner housing that it has in its investment portfolio. At each iteration in the search for an equilibrium, we determine the new taxable income for each of 3, households (from the Survey of Cited by: This is the tax income (loss) amount that has to be reconciled to the book income (loss) amount that is on Schedule M-1, Line 1. NOTE: This is a guide on entering Form , Schedule M-1 Reconciliation of Income (Loss) per Books With Income (Loss) per Return into the TaxSlayer Pro program. This is not intended as tax advice.


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Taxes and portfolio choice by Mihir A. Desai Download PDF EPUB FB2

Determinants of portfolio allocation, consider the following simple model, adapted to a choice between two risky assets in the presence of differential taxation.

2 An individual chooses sj, the share of wealth (W t) at time t held in asset type j, in order to maximize the expected utility of. NBER Program(s):Asset Pricing, Corporate Finance, International Finance and Macroeconomics, International Trade and Investment, Public Economics.

This paper investigates how taxes influence portfolio choices by exploring the response to the distinctive treatment of foreign dividends in the Jobs and Growth Tax Relief Reconciliation Act (JGTRRA).

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Dividend Taxes and International Portfolio Choice. The effect of taxation on household portfolio choice has long been an important question facing researchers and policy makers. Theoretical models predict that under a differential taxation system, households’ portfolio allocation decisions based not onlyare on the risk-return relationship of assets but also on their tax characteristics.

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Written by a pro with over 30 years of experience, this book is an essential tool that. Introduction. The effect of taxation on household portfolio choice has long been an important question facing researchers and policy makers.

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Educational and informative this book does its darndest to engage the audience by taking a reader-friendly approach on how our tax system works by asking logical questions and answering them in 4/5. If the choice is ended in one of the following ways, neither spouse can make this choice in any later tax year.

Revocation. Either spouse can revoke the choice for any tax year, provided he or she makes the revocation by the due date for filing the tax return for that tax year. TAXATION, RISK, AND PORTFOLIO CHOICE.

capital.3 From this result, some scholars conclude that a normative income tax does not burden investment risk-taking at all,4 and thus that attempts to tax returns from investment risk taking—“risky returns”—are misguided.5 These conclusions are erroneous. Tax Preparer Worksheets and Tables.

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It is our passion to provide you the best products at the best prices. New evidence on taxes and portfolio choice Sule Alana,b,⁎,1, Kadir Atalayc, Thomas F.

Crossleya,d, Sung-Hee Jeone a Faculty of Economics, University of Cambridge, Sidgwick Avenue, Cambridge, CB39DD, UK b Centre for Financial Analysis and Policy (CFAP), University of Cambridge, Trumpington Street, Cambridge, CB2 1AG, UK c School of Economics.

Abstract. This paper investigates how dividend taxes influence portfolio choices, using the response to the distinctive treatment of a subset of foreign dividends in the Jobs and Growth Tax Relief Reconciliation Act (JGTRRA) of Cited by: For example, in book accounting, a company might use straight-line depreciation to reduce the value of an asset over its useful life of 10 years.

For tax purposes, the IRS allows the company to accelerate depreciation over seven years, resulting in a tax benefit for the company and another depreciation method to track. Abstract. This paper investigates how dividend taxes influence portfolio choices, using the response to the distinctive treatment of a subset of foreign dividends in the Jobs and Growth Tax Relief Reconciliation Act (JGTRRA) of Cited by: Choice of Entity: An Overview of Tax and Non-Tax Considerations (Portfolio ) Portfolio discusses state and federal income tax and other considerations pertinent in choosing the most advantageous legal form for conducting business and investment activities.

Tax Efficient Investing explores tax-efficient investing-strategies designed specifically to minimize the negative impact taxes can have, particularly on long-term savings and investment returns.

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PPC's Guide to Choice of Business Entity, which is part of the Biebl-Ranweiler Portfolio Series, provides logical, "how to" guidance on determining which type of business entity best fits the taxpayer's needs.CFAP, Cambridge Judge Business School, University of Cambridge.

Language. EnglishCited by: