Volume 17, Issue 7 (2010)
J Tax Res 2010, 17(7): 121-154 |
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Tagahvi M, Darvishi B, Shahiki Tash M N. An Investigation of Capital Gain Tax. J Tax Res 2010; 17 (7) :121-154
URL: http://taxjournal.ir/article-1-128-en.html
URL: http://taxjournal.ir/article-1-128-en.html
1- Professor of Economics at Allameh Tabataba’i University
2- Faculty Member of Ilam University
3- Faculty Member of Sistan and Balouchestan University
2- Faculty Member of Ilam University
3- Faculty Member of Sistan and Balouchestan University
Abstract: (11058 Views)
Although the Iranian tax system has been trying to make some tax reforms including the introduction of VAT system and despite the fact that there have already been some important tax reforms, many structural problems with the Iranian taxation system still remain. In order to make structural tax reforms aimed at improving the current status of the Iranian tax system, we may apply two different approaches: first, introducing new tax categories, and second, improving the performance of existing tax bases. The present paper is, first of all, aimed at exploring theoretical and applied issues relevant to capital gains, and then involves itself in studying the economic impacts of this tax category followed by investigating other countries’ experiences in relation to CGT. The findings obtained indelicate that in order to establish a CGT system in Iran, we are required to take into consideration such fundamental issues as real/unreal gains, long-term/short-term gains, adjustments made on the bases of inflation rates and depreciation of the acquired gains, the difference between capital gains and individuals’ ordinary incomes, and the way you may treat capital losses as opposed to capital gains. As for CGT economical impacts, the findings obtained show that the introduction of such a tax category may influence such economical variables as investment, savings, companies’ fiscal policies, the families assets combination, capital costs, the demands for assets, and the number of exchanges of assets. The efficiency of CGT in respect of having desirable impacts on some of the above-mentioned variables is ultimately a function of different methods applied to the introduction of this tax category.
Type of Study: Research |
Received: 2009/10/31 | Accepted: 2009/12/29 | Published: 2014/03/14
Received: 2009/10/31 | Accepted: 2009/12/29 | Published: 2014/03/14
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