The Charles Evans Gerber Transactional Studies Center
Center for Contract and Economic Organization
This brief essay outlines three benchmarks for evaluating alternative ways of taxing capital income, summarizes anticipatory, retroactive, and accrual-based proposals for reforming the taxation of derivatives, and offers guidelines for evaluating more limited reforms. It is intended as an introduction to key concepts, tensions, and ideas for reforming the taxation of financial instruments.
Reforming the Taxation of Derivatives - An Overview,
Revista Tributaria das Américas, Summer 2010; Columbia Law and Economics Working Paper No. 372
Available at: https://scholarship.law.columbia.edu/faculty_scholarship/1638