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Probably? Understanding Tax Law's Uncertainty

Lawsky, Sarah B. - 2008

should be given a subjectivist interpretation changes both the theory and the practice of tax compliance. First, because tax …

Persistent link: https://www.econbiz.de/10012771122

Income Taxation, Wealth Effects, and Uncertainty : Portfolio Adjustments with Isoelastic Utility and Discrete Probability (V.2)

Sims, Theodore S. - 2014

The expected utility formulation of the problem of a risk-averse agent's allocating a portfolio between a safe and a … exhibiting constant relative risk aversion and the probability distribution of the risky asset as binomial, and take the riskless …

Persistent link: https://www.econbiz.de/10013049484

Income Taxation, Wealth Effects, and Uncertainty : Portfolio Adjustments with Isoelastic Utility and Discrete Probability

Sims, Theodore S. - 2014

Persistent link: https://www.econbiz.de/10013054124

Certainty and Uncertainty in Tax Law : Do Opposites Attract?

Demin, Alexander - 2021

[enter The principle of certainty of taxation is the dimension of a general requirement of certainty in the legal system. The purpose of this article is to argue the thesis that uncertainty in tax law is not always an absolute evil, sometimes it acts as a means of the most optimal (and in some...

Persistent link: https://www.econbiz.de/10013237704

Boon or bane of advance tax rulings as a measure to mitigate tax uncertainty and foster investment

Diller, Markus; Kortebusch, Pia; Schneider, Georg; … - 2015

threshold. We assume risk neutral investors and that tax authorities integrate investors' reasoning in their decision on whether …. First, we find that even risk neutral investors will pay for tax certainty. Second, they enable us to explain the enormous …

Persistent link: https://www.econbiz.de/10010511375

Fiscal Federalism as Risk-Sharing : The Insurance Role of Redistributive Taxation

Brooks, John R. - 2015

progressive income tax in particular, provides insurance against the risk of uncertain future income. By providing for high taxes … function of the system, since it provides a direct risk-mitigation benefit to the taxpayer himself, rather than simply …. Income insurance, however, can be more effectively done by the federal government, because of its larger risk pool and better …

Persistent link: https://www.econbiz.de/10014037135

Tax Uncertainty and Welfare-Improving Tax Disputes

Hashimzade, Nigar - 2023

Tax law is often uncertain. In particular, the use of tax shelters tends to be in the “grey area” between illegal tax evasion and legal tax avoidance. In this paper I show that uncertainty in tax law can help achieve higher efficiency than allowing or disallowing a tax shelter with...

Persistent link: https://www.econbiz.de/10014357509

Tax uncertainty and welfare-improving tax disputes

Hashimzade, Nigar - 2023

Tax law is often uncertain. In particular, the use of tax shelters tends to be in the "grey area" between illegal tax evasion and legal tax avoidance. In this paper I show that uncertainty in tax law can help achieve higher efficiency than allowing or disallowing a tax shelter with certainty....

Persistent link: https://www.econbiz.de/10014252459

How to account for tax planning and tax uncertainty in valuation : separate vs. composite view

Knaisch, Jonas - 2022

yields robust results that are in line with theory and prior literature: A one standard deviation increase in the quality of …

Persistent link: https://www.econbiz.de/10013393553

Taxing Wealth in an Uncertain World

Hemel, Daniel Jacob - 2020

An annual wealth tax, a mark-to-market income tax, and a retrospective capital gains tax are three approaches to capital taxation that yield roughly equivalent outcomes under certain conditions. The three approaches differ starkly, however, in their exposure to uncertainty of various types. This...

Persistent link: https://www.econbiz.de/10012847923