Cnossen, Sijbren; Bovenberg, Lans - In: International Tax and Public Finance 8 (2001) 4, pp. 471-484
-based capital gains tax, a retrospective capital gains tax with interest on the deferred tax, and a mark-to-market tax which taxes … capital gains as they accrue. We conclude that the effective and neutral taxation of capital income can best be ensured … capital gains tax with interest to tax the returns on hard-to-value real estate and small businesses. Copyright Kluwer …