SwePub
Sök i LIBRIS databas

  Utökad sökning

hsv:(SAMHÄLLSVETENSKAP) hsv:(Juridik)
 

Sökning: hsv:(SAMHÄLLSVETENSKAP) hsv:(Juridik) > Forskningsöversikt > Wilhelmsson Anders > The Pricing of Fina...

The Pricing of Financial Instruments in Tax Disputes

Hilling, Axel (författare)
Lund University,Lunds universitet,Institutionen för handelsrätt,Ekonomihögskolan,Department of Business Law,Lund University School of Economics and Management, LUSEM
Sandell, Niklas (författare)
Lund University,Lunds universitet,Företagsekonomiska institutionen,Ekonomihögskolan,Department of Business Administration,Lund University School of Economics and Management, LUSEM
Wilhelmsson, Anders (författare)
Lund University,Lunds universitet,Nationalekonomiska institutionen,Ekonomihögskolan,Department of Economics,Lund University School of Economics and Management, LUSEM
 (creator_code:org_t)
2019
2019
Engelska 11 s.
Ingår i: Derivatives & Financial Instruments. - 1389-1863. ; 21:2
  • Forskningsöversikt (övrigt vetenskapligt/konstnärligt)
Abstract Ämnesord
Stäng  
  • The pricing of uncertainties, when establishing the market value of financial instruments, is problematic in tax litigation since the outcome of the litigation is binary. Different values can be equally correct, depending on the choice of models, assumptions regarding model parameters and forecasting techniques. The purpose of this article is to illustrate the challenges for tax administrations and courts in terms of the need and ability to price uncertainties in the market valuation of financial instruments. The authors illustrate the complexities with a case based on a publicly traded instrument, which gives a lower limit of the uncertainty associated with valuation. The authors then problematize the valuation of over-the-counter traded and non-publicly traded instruments, which, due to uncertainty, tends to create leeway for tax arbitrage. This illustration shows the necessity to further understand the manner in which courts reason, the dependency on experts and the use of models.
  • The pricing of uncertainties, when establishing the market value of financial instruments, is problematic in taxlitigation since the outcome of the litigation is binary. Different values can be equally correct, depending on thechoice of models, assumptions regarding model parameters and forecasting techniques. The purpose of thisarticle is to illustrate the challenges for tax administrations and courts in terms of the need and ability to priceuncertainties in the market valuation of financial instruments. The authors illustrate the complexities with a casebased on a publicly traded instrument, which gives a lower limit of the uncertainty associated with valuation.The authors then problematize the valuation of over-the-counter traded and non-publicly traded instruments,which, due to uncertainty, tends to create leeway for tax arbitrage. This illustration shows the necessity to furtherunderstand the manner in which courts reason, the dependency on experts and the use of models.

Ämnesord

SAMHÄLLSVETENSKAP  -- Juridik -- Juridik (hsv//swe)
SOCIAL SCIENCES  -- Law -- Law (hsv//eng)

Nyckelord

Taxation
Valuation
Tax litigation

Publikations- och innehållstyp

for (ämneskategori)
vet (ämneskategori)

Hitta via bibliotek

Till lärosätets databas

Hitta mer i SwePub

Av författaren/redakt...
Hilling, Axel
Sandell, Niklas
Wilhelmsson, And ...
Om ämnet
SAMHÄLLSVETENSKAP
SAMHÄLLSVETENSKA ...
och Juridik
och Juridik
Artiklar i publikationen
Derivatives & Fi ...
Av lärosätet
Lunds universitet

Sök utanför SwePub

Kungliga biblioteket hanterar dina personuppgifter i enlighet med EU:s dataskyddsförordning (2018), GDPR. Läs mer om hur det funkar här.
Så här hanterar KB dina uppgifter vid användning av denna tjänst.

 
pil uppåt Stäng

Kopiera och spara länken för att återkomma till aktuell vy