The structure of corporate income taxes may affect the willingness of the firm to maintain an exposed position in various foreign currencies and bear the uncertainty of variations in income from changes in exchange rates. Moreover, the tax structure also affects the techniques used to alter exposure, and the countries in which firms realise their exchange gains and their exchange losses.
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- Tax Implications of Exchange Losses and Gains
Robert Z. Aliber
- Palgrave Macmillan UK