Capital Gains: Tax Policy Alternatives

Robert Couzin

Canadian Public Policy, 1995, vol. 21, issue s1, 225-241

Abstract: This paper considers the appropriateness of special treatment of gains and the capital gains exemption. Special consideration is given to the surviving exemption for small business and farm investments. The paper concludes that the deferral of taxation to realization should be retained for most gains and suggests that broad rollover relief is appropriate. The partial exclusion is considered too rough a policy instrument to be useful and, in the case of share investments, better replaced by an efficient integration system. The paper suggests elimination of the capital gains exemption. If incentives are appropriate, other methods should be considered. The author highlights the importance of loss offset rules and the overall tax rate in connection with risk-taking behaviour.

Date: 1995
References: Add references at CitEc
Citations:

Downloads: (external link)
http://links.jstor.org/sici?sici=0317-0861%2819951 ... CGTPA%3E2.0.CO%3B2-V (text/html)
only available to JSTOR subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpp:issued:v:21:y:1995:i:s1:p:225-241

Ordering information: This journal article can be ordered from
https://www.utpjournals.com/loi/cpp/

Access Statistics for this article

Canadian Public Policy is currently edited by Prof. Mike Veall

More articles in Canadian Public Policy from University of Toronto Press University of Toronto Press Journals Division 5201 Dufferin Street Toronto, Ontario, Canada M3H 5T8.
Bibliographic data for series maintained by Iver Chong ( this e-mail address is bad, please contact ).