Taxation as a Driver for Designing Hybrid Securities

Journal of Applied Research in Accounting and Finance (JARAF), Vol. 1, No. 1, p. 31, 2006

16 Pages Posted: 9 Nov 2006

See all articles by Gordon Mackenzie

Gordon Mackenzie

University of New South Wales - Australian Taxation Studies Program (ATAX)

Abstract

Changes in 2001 to the tax laws for Hybrid securities occurred at the same time as proposed accounting, regulatory and ratings agency changes for those types of securities. The tax law changes appear to have had their intended effect on the targeted Hybrid securities, Income Securities, but it also appears that the design of Hybrid securities following those changes owes more to the accounting, regulatory and other changes that were occurring than to the changes in the tax laws.

Keywords: hybrid securities, taxation, accounting

JEL Classification: K20, M30, G32

Suggested Citation

Mackenzie, Gordon, Taxation as a Driver for Designing Hybrid Securities. Journal of Applied Research in Accounting and Finance (JARAF), Vol. 1, No. 1, p. 31, 2006, Available at SSRN: https://ssrn.com/abstract=943324

Gordon Mackenzie (Contact Author)

University of New South Wales - Australian Taxation Studies Program (ATAX) ( email )

Sydney, NSW 2052
Australia

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
352
Abstract Views
1,933
Rank
155,112
PlumX Metrics