This study empirically examines the role of risk sharing between taxable investors and the government on the relation between capital gains taxes and expected returns. Specifically, using an international panel from 26 countries over the period 1990 to 2004, we find evidence that the general...

The Ralph Committee, consisting of three leading Australian businessmen, John Ralph (Chairman), Rick Allert and Bob Joss, was established in 1998 to make recommendations on reforms to the Australian tax system. Relevantly, the Ralph Committee sought to achieve three national taxation objectives:...

In the current US tax system, capital gains are taxed at a lower rate than ordinary income. What does that mean for the sale of IP and intangible assets? Is it possible to convert ordinary income to capital gain by changing the form of the transaction? This article will address anomalies in the...

One response to uncertainty and transactions costs in VC-finance is to compensate founders and other key personnel with stock options under complex contracts. Entrepreneurs are granted stock options contingent on firm performance, vesting and other criteria. While most countries tax stock...

This study empirically examines the role of risk sharing between taxable investors and the government on the relation between capital gains taxes and expected returns. Specifically, using an international panel from 26 countries over the period 1990 to 2004, we find evidence that the general...

On 31st December 2021, the President of Nigeria, Muhammadu Buhari signed into law, the Finance Act, 2021 (the “Finance Act”). The enactment of the Finance Act is an indication of the strong drive of the Federal Government of Nigeria to shore-up her budget deficit, boost revenue generation...

In 1989 the Government announced plans to issue a consultative document on capital gains taxation, though the Prime Minister suggested that if administration and compliance costs outweighed the benefits of a capital gain tax, it may not be enacted

In the latter half of the 1980s the tax climate in Australia and New Zealand changed markedly. While throughout the world there were major tax reforms, the changes in Australasia were more fundamental, and both structural and radical. Major changes that were adopted in one or both of the two...

This article considers the issue of whether or not New Zealand trustees must be recognized as valid parties in New Zealand's treaty network by exploring the various approaches that may be adopted in the interpretation of tax treaties and the diverging constructions of the residence article.New...

This article examines the potential conflict between thin capitalization rules and the OECD Model article on non-discrimination using the New Zealand regime exempli gratia. It is discriminatory to impose a higher tax burden on an enterprise funded with foreign capital. Yet that is the basis for...