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Foreign currency considerations in tax law and policy.
- Article from:
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University of Toronto Faculty of Law Review
- Article date:
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January 1, 2008
- Author:
- Akbari, Sina
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Copyright informationCOPYRIGHT 2008 University of Toronto, Faculty of Law. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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I INTRODUCTION
II NORMATIVE LENS OF ECONOMIC EFFICIENCY
III ANALYTICAL FRAMEWORK & THE ECONOMICS OF FOREIGN
CURRENCY EXCHANGE
Two-Step Analytical Framework
The Economics of Future Currency Exchange Rates
Discount Bonds: An Analogy
Summary of the Economics of Foreign Exchange Gains and Losses
IV THE CURRENT STATE OF CANADIAN TAX LAW
Purchase of Inventory in Foreign Currency
Disposition of Capital Valued in Foreign Currency
Foreign Currency Debt Redemption
Treatment of Futures Contracts and Hedging
Subsection 39(2): The Residual Treatment of Foreign Currency Gains
or Losses
V ECONOMIC ANALYSIS OF INCENTIVES CREATED BY THE CURRENT
LEGAL REGIME ...