Principles of Financial Derivatives
Author : Steven D. Conlon
Publisher : Warren Gorham & Lamont
Page : pages
File Size : 34,48 MB
Release : 1999-01-01
Category : Business & Economics
ISBN : 9780791337707
Author : Steven D. Conlon
Publisher : Warren Gorham & Lamont
Page : pages
File Size : 34,48 MB
Release : 1999-01-01
Category : Business & Economics
ISBN : 9780791337707
Author : United States. Congressional Budget Office
Publisher :
Page : 240 pages
File Size : 32,10 MB
Release : 1977
Category : Budget
ISBN :
Author : Antti Laukkanen
Publisher : IBFD
Page : 487 pages
File Size : 42,12 MB
Release : 2007
Category : Bonds
ISBN : 9087220227
This dissertation aims to provide a comprehensive overview of the taxation of investment derivatives and the relationship between the derivatives and the accrual and realization methods. Investment derivatives, such as convertible bonds, include an initial investment and a derivative (an option) to buy or sell or to participate in the value movements of some underlying property. The principal focus of this study is on three universal tax issues, namely valuation, timing and the taxation of unrealized gains. As a common principle, interest income and capital gains are treated more similarly in corporate taxation than in individual taxation. Moreover, the taxation of financial instruments is currently in a turn-around phase in several countries, not least because of the implementation of the IFRS rules in accounting and the related fair value principle. The obligation to use fair values in accounting apparently motivates tax legislators to strive to use the same principles in taxation as well. The comparative method plays a major role in this study by examining the tax legislations and the tax practices of different countries. An in-depth analysis of the similarities and differences of tax laws and practices in the United States, the United Kingdom, Germany, Finland and Sweden is provided. This is of particular interest as the underlying components, single and often specified financial derivatives, are basically identical. While this study does not deal with individual tax treaties or bilateral transactions, the OECD Model is scrutinized in order to highlight the underlying principles of the given recommendations, especially with respect to interest income and capital gains. Due to the increasing importance of IFRS rules in accounting, the study is not limited to tax law, but also looks at issues from the perspective of finance, accounting and economics.
Author : OECD
Publisher : OECD Publishing
Page : 71 pages
File Size : 12,39 MB
Release : 1998-03-09
Category :
ISBN : 9264162496
This publication thoroughly reviews the factual background to global trading, analyses the challenges posed to traditional taxation methods and discusses a range of policy options to tackle the problems.
Author :
Publisher : Government Printing Office
Page : 652 pages
File Size : 38,65 MB
Release : 2005
Category : Law
ISBN :
JCS-5-05. Joint Committee Print. Provides an explanation of tax legislation enacted in the 108th Congress. Arranged in chronological order by the date each piece of legislation was signed into law. This document, prepared by the staff of the Joint Committee on Taxation in consultation with the staffs of the House Committee on Ways and Means and the Senate Committee on Finance, provides an explanation of tax legislation enacted in the 108th Congress. The explanation follows the chronological order of the tax legislation as signed into law. For each provision, the document includes a description of present law, explanation of the provision, and effective date. Present law describes the law in effect immediately prior to enactment. It does not reflect changes to the law made by the provision or subsequent to the enactment of the provision. For many provisions, the reasons for change are also included. In some instances, provisions included in legislation enacted in the 108th Congress were not reported out of committee before enactment. For example, in some cases, the provisions enacted were included in bills that went directly to the House and Senate floors. As a result, the legislative history of such provisions does not include the reasons for change normally included in a committee report. In the case of such provisions, no reasons for change are included with the explanation of the provision in this document. In some cases, there is no legislative history for enacted provisions. For such provisions, this document includes a description of present law, explanation of the provision, and effective date, as prepared by the staff of the Joint Committee on Taxation. In some cases, contemporaneous technical explanations of certain bills were prepared and published by the staff of the Joint Committee. In those cases, this document follows the technical explanations. Section references are to the Internal Revenue Code unless otherwise indicated.
Author :
Publisher :
Page : 12 pages
File Size : 34,4 MB
Release : 1988
Category : Income tax
ISBN :
Author : William T. Shaw
Publisher : Cambridge University Press
Page : 570 pages
File Size : 41,60 MB
Release : 1998-12-10
Category : Business & Economics
ISBN : 9780521592338
CD plus book for financial modelling, requires Mathematica 3 or 2.2; runs on most platforms.
Author : D. Bryan
Publisher : Springer
Page : 243 pages
File Size : 25,69 MB
Release : 2005-12-16
Category : Business & Economics
ISBN : 0230501540
What are the links between things as diverse as the prices of pork bellies, interest rates, and corporate stock? They are all being translated into risk and priced through the system of derivative markets. Financial derivatives are now the largest form of financial transaction in the world, and they are transforming in pervasive ways the lived experience of capitalist economies. Financial derivatives are anchoring the global financial system and challenging the conventional understanding of ownership, money and capital. These challenges are examined in this book, providing a significant reinterpretation of contemporary capitalism that will be of interest to both social scientists and conventional finance scholars.
Author : Benjamin Lee
Publisher : Duke University Press
Page : 225 pages
File Size : 47,79 MB
Release : 2004-09-29
Category : Business & Economics
ISBN : 0822386127
The market for financial derivatives is far and away the largest and most powerful market in the world, and it is growing exponentially. In 1970 the yearly valuation of financial derivatives was only a few million dollars. By 1980 the sum had swollen to nearly one hundred million dollars. By 1990 it had climbed to almost one hundred billion dollars, and in 2000 it approached one hundred trillion. Created and sustained by a small number of European and American banks, corporations, and hedge funds, the derivatives market has an enormous impact on the economies of nations—particularly poorer nations—because it controls the price of money. Derivatives bought and sold by means of computer keystrokes in London and New York affect the price of food, clothing, and housing in Johannesburg, Kuala Lumpur, and Buenos Aires. Arguing that social theorists concerned with globalization must familiarize themselves with the mechanisms of a world economy based on the rapid circulation of capital, Edward LiPuma and Benjamin Lee offer a concise introduction to financial derivatives. LiPuma and Lee explain how derivatives are essentially wagers—often on the fluctuations of national currencies—based on models that aggregate and price risk. They describe how these financial instruments are changing the face of capitalism, undermining the power of nations and perpetrating a new and less visible form of domination on postcolonial societies. As they ask: How does one know about, let alone demonstrate against, an unlisted, virtual, offshore corporation that operates in an unregulated electronic space using a secret proprietary trading strategy to buy and sell arcane financial instruments? LiPuma and Lee provide a necessary look at the obscure but consequential role of financial derivatives in the global economy.
Author : Jean-Pierre Fouque
Publisher : Cambridge University Press
Page : 222 pages
File Size : 24,87 MB
Release : 2000-07-03
Category : Business & Economics
ISBN : 9780521791632
This book, first published in 2000, addresses pricing and hedging derivative securities in uncertain and changing market volatility.