Taxation Of Government Bondholders

Author : Mr.John Norregaard
Publisher : International Monetary Fund
Page : 26 pages
File Size : 47,7 Mb
Release : 1997-03-01
Category : Business & Economics
ISBN : 9781451844221

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The Tax Treatment of Government Bonds by Mr.John Norregaard Pdf

In their effort to finance fiscal deficits at a reasonable cost, governments compete with other users of financial capital. Governments, however, are in the unique position that they are the only debt suppliers that can determine the taxation of debt instruments they issue. Following an overview of the current tax treatment of government bonds in OECD countries, this paper argues that—on purely economic grounds—there are no reasons for exempting interest on government bonds. Administrative difficulties in capturing interest on many other debt instruments in the tax net may, however, provide a rationale for doing so.

Author : United States. Department of Justice
Publisher : Unknown
Page : 246 pages
File Size : 41,5 Mb
Release : 1938
Category : Constitutional amendments
ISBN : UOM:39015012093525

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Taxation of Government Bondholders and Employees by United States. Department of Justice Pdf

Author : United States. Department of Justice
Publisher : Unknown
Page : 6 pages
File Size : 53,9 Mb
Release : 1942
Category : Electronic
ISBN : OCLC:81159737

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Taxation of Government Bondholders by United States. Department of Justice Pdf

Author : M. David Gelfand,Peter W. Salsich
Publisher : Unknown
Page : 356 pages
File Size : 49,8 Mb
Release : 1985
Category : Finance, Public
ISBN : 0314955712

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State and Local Taxation and Finance in a Nutshell by M. David Gelfand,Peter W. Salsich Pdf

Author : Great Britain. Treasury. Committee on National Debt and Taxation
Publisher : Unknown
Page : 466 pages
File Size : 40,8 Mb
Release : 1927
Category : Electronic
ISBN : UCAL:B3113296

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Report of the Committee on National Debt and Taxation by Great Britain. Treasury. Committee on National Debt and Taxation Pdf

Author : United States. Department of Justice
Publisher : Unknown
Page : 20 pages
File Size : 55,9 Mb
Release : 1942
Category : Income tax
ISBN : UCAL:B5006058

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Taxation of Government Bondholders by United States. Department of Justice Pdf

Author : United States. Department of Justice,James Ward Morris,Sewall Key,Lucius A. Buck,Warner Winslow Gardner
Publisher : Unknown
Page : 252 pages
File Size : 44,7 Mb
Release : 1939
Category : Income tax
ISBN : UIUC:30112064095018

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Taxation of Government Bondholders and Employees by United States. Department of Justice,James Ward Morris,Sewall Key,Lucius A. Buck,Warner Winslow Gardner Pdf

Author : Joseph J. Cordes,Robert D. Ebel,Jane Gravelle
Publisher : The Urban Insitute
Page : 522 pages
File Size : 45,9 Mb
Release : 2005
Category : Business & Economics
ISBN : 0877667527

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The Encyclopedia of Taxation & Tax Policy by Joseph J. Cordes,Robert D. Ebel,Jane Gravelle Pdf

"From adjusted gross income to zoning and property taxes, the second edition of The Encyclopedia of Taxation and Tax Policy offers the best and most complete guide to taxes and tax-related issues. More than 150 tax practitioners and administrators, policymakers, and academics have contributed. The result is a unique and authoritative reference that examines virtually all tax instruments used by governments (individual income, corporate income, sales and value-added, property, estate and gift, franchise, poll, and many variants of these taxes), as well as characteristics of a good tax system, budgetary issues, and many current federal, state, local, and international tax policy issues. The new edition has been completely revised, with 40 new topics and 200 articles reflecting six years of legislative changes. Each essay provides the generalist with a quick and reliable introduction to many topics but also gives tax specialists the benefit of other experts' best thinking, in a manner that makes the complex understandable. Reference lists point the reader to additional sources of information for each topic. The first edition of The Encyclopedia of Taxation and Tax Policy was selected as an Outstanding Academic Book of the Year (1999) by Choice magazine."--Publisher's website.

Author : Mr.Paolo Mauro,Yishay Yafeh
Publisher : International Monetary Fund
Page : 32 pages
File Size : 40,6 Mb
Release : 2003-05-01
Category : Business & Economics
ISBN : 9781451853001

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The Corporation of Foreign Bondholders by Mr.Paolo Mauro,Yishay Yafeh Pdf

This paper analyzes the Corporation of Foreign Bondholders (CFB), an association of British investors holding bonds issued by foreign governments. The CFB played a key role during the heyday of international bond finance, 1870-1913, and in the aftermath of the defaults of the 1930s. It fostered coordination among creditors, especially in cases of default, arranging successfully for many important debt restructurings, though failing persistently in a few cases. While a revamped creditor association might once again help facilitate creditor coordination, the relative appeal of defection over coordination is greater today than it was in the past. The CFB may have had an easier time than any comparable body would have today.

Author : United States. Internal Revenue Service
Publisher : Unknown
Page : 194 pages
File Size : 49,5 Mb
Release : 1969
Category : Electronic
ISBN : OSU:32437122655356

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Technical Information Release by United States. Internal Revenue Service Pdf

Author : Ms.Carmen Reinhart,M. Belen Sbrancia
Publisher : International Monetary Fund
Page : 47 pages
File Size : 55,5 Mb
Release : 2015-01-21
Category : Business & Economics
ISBN : 9781498338387

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The Liquidation of Government Debt by Ms.Carmen Reinhart,M. Belen Sbrancia Pdf

High public debt often produces the drama of default and restructuring. But debt is also reduced through financial repression, a tax on bondholders and savers via negative or belowmarket real interest rates. After WWII, capital controls and regulatory restrictions created a captive audience for government debt, limiting tax-base erosion. Financial repression is most successful in liquidating debt when accompanied by inflation. For the advanced economies, real interest rates were negative 1⁄2 of the time during 1945–1980. Average annual interest expense savings for a 12—country sample range from about 1 to 5 percent of GDP for the full 1945–1980 period. We suggest that, once again, financial repression may be part of the toolkit deployed to cope with the most recent surge in public debt in advanced economies.

Author : Ruth Dukelow,Agnes Gambill West,Anne Seurynck,Carla Myers,Cindy Kristof,Collette Mak,Cynthia Faulhaber,Kate Dickson,Lance Werner,Laura Burtle,Lisa Macklin,Sandra Enimil,Sunshine Carter,Thomas Colis
Publisher : Unknown
Page : 128 pages
File Size : 48,6 Mb
Release : 2021-10-29
Category : Electronic
ISBN : 1733592733

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Legal Issues in Libraries and Archives by Ruth Dukelow,Agnes Gambill West,Anne Seurynck,Carla Myers,Cindy Kristof,Collette Mak,Cynthia Faulhaber,Kate Dickson,Lance Werner,Laura Burtle,Lisa Macklin,Sandra Enimil,Sunshine Carter,Thomas Colis Pdf

Author : Sandy Brian Hager
Publisher : Univ of California Press
Page : 173 pages
File Size : 41,9 Mb
Release : 2016-06-24
Category : History
ISBN : 9780520284661

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Public Debt, Inequality, and Power by Sandy Brian Hager Pdf

Introduction : public debt, inequality and power -- The spectacle of a highly centralized public debt -- The bondholding class resurgent -- Fiscal conflict : past and present -- Bonding domestic and foreign owners -- Who rules the debt state? -- Conclusion : informing democratic debate -- Appendix : accounting for the public debt

Author : Mr.Daniel Leigh,Mr.Andrea Pescatori,Mr.Jaime Guajardo
Publisher : International Monetary Fund
Page : 41 pages
File Size : 47,5 Mb
Release : 2011-07-01
Category : Business & Economics
ISBN : 9781455294695

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Expansionary Austerity New International Evidence by Mr.Daniel Leigh,Mr.Andrea Pescatori,Mr.Jaime Guajardo Pdf

This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding to prospective economic conditions. Using this new dataset, our estimates suggest fiscal consolidation has contractionary effects on private domestic demand and GDP. By contrast, estimates based on conventional measures of the fiscal policy stance used in the literature support the expansionary fiscal contractions hypothesis but appear to be biased toward overstating expansionary effects.

Author : Stephanie Kelton
Publisher : PublicAffairs
Page : 311 pages
File Size : 45,8 Mb
Release : 2020-06-09
Category : Business & Economics
ISBN : 9781541736207

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The Deficit Myth by Stephanie Kelton Pdf

A New York Times Bestseller The leading thinker and most visible public advocate of modern monetary theory -- the freshest and most important idea about economics in decades -- delivers a radically different, bold, new understanding for how to build a just and prosperous society. Stephanie Kelton's brilliant exploration of modern monetary theory (MMT) dramatically changes our understanding of how we can best deal with crucial issues ranging from poverty and inequality to creating jobs, expanding health care coverage, climate change, and building resilient infrastructure. Any ambitious proposal, however, inevitably runs into the buzz saw of how to find the money to pay for it, rooted in myths about deficits that are hobbling us as a country. Kelton busts through the myths that prevent us from taking action: that the federal government should budget like a household, that deficits will harm the next generation, crowd out private investment, and undermine long-term growth, and that entitlements are propelling us toward a grave fiscal crisis. MMT, as Kelton shows, shifts the terrain from narrow budgetary questions to one of broader economic and social benefits. With its important new ways of understanding money, taxes, and the critical role of deficit spending, MMT redefines how to responsibly use our resources so that we can maximize our potential as a society. MMT gives us the power to imagine a new politics and a new economy and move from a narrative of scarcity to one of opportunity.