Timing tax evasion

Article Abstract:

Most of the households in United States and other countries believe that tax evasions entail a risk of being discovered, in which event, they will have to pay up the tax amount. However, if the tax evasion remains undetected, they can get away with it. To counter this attitude, two methods are suggested. The first one considers increasing the fines as per the duration of tax evasion. The other method contemplates controls on switching of the incomes from different sources for tax evasion.

Control, Tax evasion, Households

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US income taxation of new financial products

Article Abstract:

To deal with the financial innovation, the traditional tax law response of transactional analysis is not strong enough. The tax response to financial innovation has been shaped up by the accounting response, since few countries have closer connection between accounting and tax rules as compared to US.

Derivatives (Financial instruments), Corporations, Finance

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The tax (dis)advantage of a firm issuing options on its own stock

Article Abstract:

Tax consequences of a firm using options on the firm's own stock, is given little consideration even though they are relatively common. According to a section of the Internal Revenue Code (US), transactions by a firm in its own stock and options on its own stock do not face tax consequences.

Bonds, Bonds (Securities), Powers and duties, United States. Internal Revenue Service

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