Download or read book The Taxation of RICs written by Samuel D. Brunson and published by . This book was released on 2014 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mutual funds and other regulated investment companies currently occupy a central space in American households' financial lives. Is spite of their near-ubiquity, though, regulated investment companies occupy a strange tax limbo as quasi-pass-through entities, neither fully taxable nor fully tax-transparent. To qualify for this quasi-pass-through status, regulated investment companies must, among other things, distribute the bulk of their income to shareholders annually. The distribution requirement imposes costs on both regulated investment companies and on their shareholders. It is commonly framed as an attempt to make the economics of investing in regulated investment companies similar to the economics of making direct portfolio investments. History shows, though, that the distribution requirement finds its basis in marketing, and not in any tax policy consideration. If the distribution requirement benefited the shareholders or the government, it would be worth the costs it imposes. But this article concludes that the complexity and expense are not. When tax policymakers discard their flawed premise of attempting to replicate the tax treatment of direct portfolio investment, they can stop clumsily and partially attempting to recreate true pass-through taxation for regulated investment companies. Instead, they can reframe regulated investment company taxation in a way that imposes a single level of taxation while, at the same time, protects regulated investment companies from being transformed into vehicles for tax deferral.In this Article, I evaluate several ways the tax law could tax regulated investment companies and their shareholders while imposing only a single level of taxation and ensuring that shareholders have the liquidity with which to pay taxes. Ultimately, I find that the best model would exempt regulated investment companies from taxation. At the same time, it would defer taxing shareholders until they realized income or gain. It would make up for that deferral by imposing an interest charge on the gain. For shareholders who wanted to avoid this interest regime, it would also allow for a mark-to-market election.
Download or read book Taxation of Regulated Investment Companies and Their Shareholders written by Richard M. Hervey and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "... discusses in detail the provisions of [sections] 851 through 855, 860 and 4982 of the Internal Revenue Code, which govern the taxation of regulated investment companies (RICs). The portfolio also discusses the applicability of other Code provisions to RICs"--Page iii.
Download or read book Taxation of Regulated Investment Companies and Their Shareholders written by Susan A. Johnston and published by Warren Gorham & Lamont. This book was released on 1999-01-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Taxation of Regulated Investment Companies written by Richard M. Hervey and published by . This book was released on 2008-01-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: ... discusses in detail the provisions of [sections] 851 through 855, 860 and 4982 of the Internal Revenue Code, which govern the taxation of regulated investment companies (RICs). The portfolio also discusses the applicability of other Code provisions to RICs.
Download or read book Value Added Tax and Its Impact on Property Management written by Royal Institution of Chartered Surveyors and published by . This book was released on 1995 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book National Taxation for Property Management and Valuation written by A Macleary and published by Taylor & Francis. This book was released on 2003-10-04 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: A clear and up-to-date guide to the UK tax system for surveyors and valuers which demonstrates land valuation for taxation purposes.
Download or read book The R I C S handbook of community land and development taxation written by Robert G. Edwards and published by . This book was released on 1976 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The R I C S Handbook of Community Land and Development Taxation Development taxation written by R. G. Edwards and published by . This book was released on 1976 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Briefings for Surveyors written by and published by . This book was released on 1986 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Publicly Traded Partnerships written by Matthew W. Lay and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: " ... analyzes in depth the U.S. federal income taxation of publicly traded partnerships and their partners"--Portfolio description.
Download or read book Real Estate Tax Deduction written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-09-08 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Joint Committee on Taxation identified improved taxpayer compliance with the real-estate tax deduction as a way to reduce the federal tax gap-the difference between taxes owed and taxes voluntarily and timely paid. Regarding the deduction, GAO was asked to examine (1) factors that contribute to taxpayers including nondeductible charges, (2) the extent that taxpayers may be claiming such charges, (3) the extent that Internal Revenue Service (IRS) examinations focus on the inclusion of such charges, and (4) possible options for improving taxpayer compliance. GAO surveyed a generalizable sample of local governments, studied taxpayer compliance in two jurisdictions that met selection criteria, reviewed IRS documents, and interviewed government officials and others. Addressing the complexity of current tax law on real-estate tax deductions was outside the scope of this review.
Download or read book The R I C S Handbook of Community Land and Development Taxation Development taxation written by R. G. Edwards and published by . This book was released on 1976 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Taxation of Foreign Investment in U S Real Estate written by United States. Department of the Treasury and published by . This book was released on 1979 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Switzerland in International Tax Law written by Xavier Oberson and published by IBFD. This book was released on 2011 with total page 457 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Switzerland has recently witnessed an unprecedented level of tax treaty negotiations. Although this is a direct result of Switzerland's revised position regarding exchange of information, a number of contracting states have taken this opportunity to modify tax treaty benefits and/or clarify certain aspects of tax treaty interpretation and application. These are considered extensively in this edition. As Switzerland has steadily aligned itself with international principles of international taxation, the self-imposed anti-abuse rules for the application of tax treaties have become less relevant. Nevertheless, Swiss courts have become more creative in determining where there is and where there is not treaty abuse. As a result, the 1962 Abuse Decree is making way for a more complex basket of anti-abuse rules and regulations"--Foreword (page vii).
Download or read book Taxation of income from property written by Royal Institution of Chartered Surveyors and published by . This book was released on 1965 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book International Evidence on the Effects of Having No Capital Gains Taxes written by Fraser Institute (Vancouver, B.C.) and published by The Fraser Institute. This book was released on 2001 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Outline of Local Government and Local Taxation in England and Wales excluding London written by Robert Samuel Wright and published by . This book was released on 1894 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt:
