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Capital Gains: [PDF]

open access: yes
Capital gains play an important, positive role in the inter-temporal allocation of resources, but they can also be a source of economic instability. We analyze a simple overlapping-generations economy with two capital goods and irreversible investment ...
Aguiar-Conraria, Luis, Shell, Karl
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Capitalization of capital gains taxes

2015
We argue that the tax capitalization effect is a function of the attention of market participants. Market reactions can therefore be driven not only by the announcement dates of tax events but also by factors influencing the dissemination of tax information, such as deadlines and media reports.
Eichfelder, Sebastian, Lau, Mona
openaire   +4 more sources

THE BUNCHING OF CAPITAL GAINS REALIZATIONS

National Tax Journal, 2017
We describe a simple model of taxpayer decisions to realize or delay their capital gains and losses. Investors will delay their realizations if the after tax rate of return is sufficiently high. As the holding period for the asset approaches a year and a day (after which capital gains are taxed at a lower rate), taxpayers will tend to harvest their ...
Tim Dowd, Robert McClelland
openaire   +1 more source

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