Política fiscal y contratos de futuros: el caso de personas físicas en México

Bernardo González-Aréchiga, Jaime Díaz Tinoco and Francisco Venegas-Martínez
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Bernardo González-Aréchiga: Mercado Mexicano de Derivados
Jaime Díaz Tinoco: Asigna

Estudios Económicos, 2000, vol. 15, issue 1, 3-36

Abstract: This paper determines the tax rate, withheld by the clearing member, on gains from listed futures that guarantees the same tax revenue as that of the current tax treatment of non-corporate individual investors residents in Mexico. The proposed tax policy reduces costs and improves market liquidity and efficiency. The paper develops two models to estimate the break-even tax: 1) a Monte Carlo simulation model, and 2) a binomial model of asset pricing. This work pays special attention to the robustness of the results by modifying the probabilistic assumptions and the values of the parameters.

Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:emx:esteco:v:15:y:2000:i:1:p:3-36

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