The Hidden Costs of Private Activity Tax-Exempt Bonds
نویسندگان
چکیده
منابع مشابه
Why are tax-exempt bonds issued at a premium?*
I derive the optimal timing strategy for an investor taking tax gains and losses on tax-exempt bonds (up to a 7% gain over buy-and-hold). I then derive the issuer’s optimal coupon rate, which maximizes the tax benefit for a tax-timing investor (up to a 3.5% gain over issuing at par, potentially more than the cost of issuance itself). All these gains are transfers from the U.S. Treasury to local...
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A CHARITABLE PURPOSE The history of tax exemption of healthcare organizations has implications for the future. Our nation's first healthcare facilities were exempt from the earliest tax laws because they were seen as clearly having a charitable purpose, providing care and shelter for the sick poor who had no place else to go. The tax code has never specified that healthcare organizations such a...
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Significant developments in the law of tax-exempt healthcare organizations occurred during the early 1990s. The span of developments includes a seminal Seventh Circuit case, Living Faith v. Commissioner, as well as an Internal Revenue Service determination letter recognizing the charitable tax status of integrated delivery systems, showing the recent activitism of the IRS in the healthcare aren...
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ژورنال
عنوان ژورنال: Review of Regional Studies
سال: 1991
ISSN: 1553-0892,0048-749X
DOI: 10.52324/001c.9180