“Taxation of Financial Instruments,” Tax Notes, July 1997 TNT 1997-7 Taxn of Financial Instruments
Anyone compiling a work on the taxation of financial transaction will have to consider which dimension of the subject matter of focus on, for example, participants (brokers, dealers, hedgers, investor); transactions (debt, equity, forwards, options, and their progeny); and tac concepts (realization, deferral, mark to market, accrual, bifurcation, integration). The difficulty with Taxation of Financial Instruments is that it does not appear to have chosen any particular theme. Rather, the editors compiled nine articles on disparate topics that are loosely connected with finance. Certainly, this is not the book to go to with a specific question on the taxation of forwards or options, or a number of other topics normally associated with financial instruments, although it does provide a valuable overview of some of the topics that the editors have chosen to focus on.