Add to ORKGUnder current Internal Revenue Services guidelines, gains from futures contracts serving price (quantity) risk management purposes are treated as ordinary (capital) income. This paper finds that, although dual hedging opportunities are available, the asymmetric tax treatment prevents firms from trading “quantity ” futures contracts. Key words: dual hedging; ordinary income; capital income JEL classification: G11 1
Risk-based rules are the tax system\u27s primary response to aggressive tax planning. They usually g...
This article aims to answer the question whether an income arising from financial instruments hedgin...
The observed use (and indeed tremendous growth in volume) of forward contracts, futures, options, an...
This paper examines the optimal futures hedging decision of a firm facing uncertain income that is s...
In addition to the ordinary corporate income tax, special purpose taxes are sometimes levied to extr...
This paper examines the hedging behaviour of a value-maximizing firm that exists for two periods. Th...
It is a fundamental principle of tax law that hedging a commodity produces ordinary gains and ordina...
This paper examines the hedging behavior of a value-maximizing firm that lasts for two periods. The ...
a two-moment decision model this paper analyzes corporate hedging behavior in the presence of unifie...
Using a two-moment decision model, this paper analyzes corporate hedging behavior in the presence of...
A strain of the academic literature on taxation and risk taking emphasizes the income effect and con...
This paper introduces new evidence on the extent to which non-financial firms use financial derivati...
This paper discusses the effects of an asymmetric tax scheme on incremental and sequential investmen...
In 1992 the Taxation Sub-Committee of the South African Institute of Chartered Accountants noted tha...
The paper summarizes the arguments in favour of a shift from comprehensive to dual income taxation a...
Risk-based rules are the tax system\u27s primary response to aggressive tax planning. They usually g...
This article aims to answer the question whether an income arising from financial instruments hedgin...
The observed use (and indeed tremendous growth in volume) of forward contracts, futures, options, an...
This paper examines the optimal futures hedging decision of a firm facing uncertain income that is s...
In addition to the ordinary corporate income tax, special purpose taxes are sometimes levied to extr...
This paper examines the hedging behaviour of a value-maximizing firm that exists for two periods. Th...
It is a fundamental principle of tax law that hedging a commodity produces ordinary gains and ordina...
This paper examines the hedging behavior of a value-maximizing firm that lasts for two periods. The ...
a two-moment decision model this paper analyzes corporate hedging behavior in the presence of unifie...
Using a two-moment decision model, this paper analyzes corporate hedging behavior in the presence of...
A strain of the academic literature on taxation and risk taking emphasizes the income effect and con...
This paper introduces new evidence on the extent to which non-financial firms use financial derivati...
This paper discusses the effects of an asymmetric tax scheme on incremental and sequential investmen...
In 1992 the Taxation Sub-Committee of the South African Institute of Chartered Accountants noted tha...
The paper summarizes the arguments in favour of a shift from comprehensive to dual income taxation a...
Risk-based rules are the tax system\u27s primary response to aggressive tax planning. They usually g...
This article aims to answer the question whether an income arising from financial instruments hedgin...
The observed use (and indeed tremendous growth in volume) of forward contracts, futures, options, an...