Comparative Income Tax Deferral, The US and Japan

Christopher H. Hanna

ISBN 10: 9041197710 / ISBN 13: 9789041197719

Published by Kluwer Law International, BV Aug 2000, 2000

About this Item

Neuware - Comparative Income Tax Deferral examines the benefits achieved by deferring income or accelerating deductions, with reference to the income tax systems of the United States and Japan. The United States has been at the forefront of recognising the time value of money benefit of tax deferral and of devising methods to prevent tax deferral. Japan, on the other hand, is only gradually placing greater emphasis on tax deferral issues, in light of the activities of foreign companies, and the constant introduction of new financial products which take advantage of the tax deferral allowed under Japanese income tax rules. The book starts with a detailed discussion of the 1948 Cary Brown model and its various interpretations, an understanding of which is key to any analysis of tax deferral issues. The author goes on to provide a comparative analysis of the different tax deferral patterns that can arise under the United States and Japanese income tax systems, and of methods introduced by the United States to eliminate the tax deferral benefit. A history and overview of the Japanese income tax system is included in the appendix. Principles of tax deferral and time value of money are crucial in an era of globalisation in commerce and finance. They cut across all areas of taxation and are particularly important in the context of taxation of derivatives and other financial instruments. This book is an important addition to the literature in this field and will be of great interest to tax and business law practitioners, investment bankers and financial planners.

Seller Inventory # 9789041197719

Bibliographic Details

• Title: Comparative Income Tax Deferral, The US and Japan
• Publisher: Kluwer Law International, BV Aug 2000
• Publication Date: 2000
• Language: English
• ISBN 10: 9041197710
• ISBN 13: 9789041197719
• Binding: Buch
• Condition: Neu
• Dimensions: 234W x 156H x 14D millimeters 234 millimeters width by 156 millimeters height by 14 millimeters depth
• Weight: 488 grams

About this title

Synopsis

Comparative Income Tax Deferral examines the benefits achieved by deferring income or accelerating deductions, with reference to the income tax systems of the United States and Japan.

The United States has been at the forefront of recognising the time value of money benefit of tax deferral and of devising methods to prevent tax deferral. Japan, on the other hand, is only gradually placing greater emphasis on tax deferral issues, in light of the activities of foreign companies, and the constant introduction of new financial products which take advantage of the tax deferral allowed under Japanese income tax rules.

The book starts with a detailed discussion of the 1948 Cary Brown model and its various interpretations, an understanding of which is key to any analysis of tax deferral issues. The author goes on to provide a comparative analysis of the different tax deferral patterns that can arise under the United States and Japanese income tax systems, and of methods introduced by the United States to eliminate the tax deferral benefit. A history and overview of the Japanese income tax system is included in the appendix.

Principles of tax deferral and time value of money are crucial in an era of globalisation in commerce and finance. They cut across all areas of taxation and are particularly important in the context of taxation of derivatives and other financial instruments.

This book is an important addition to the literature in this field and will be of great interest to tax and business law practitioners, investment bankers and financial planners.