Política fiscal y contratos de futuros: el caso de personas físicas en México (simulación Monte Carlo y valuación binomial)
This paper determines the tax rate, withheld by the clearing member, on gains from listed futures that guarantees the same tax revenue as that of the current tax treatment of noncorporate individual investors residents in Mexico. The proposed tax policy reduces costs and improves market liquidity an...
| Main Authors: | , , |
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| Format: | Online |
| Language: | Spanish |
| Editor: |
El Colegio de México, A.C.
2000
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| Subjects: | |
| Online Access: | https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/221 |
| Journal: |
Estudios Económicos |
| Summary: | This paper determines the tax rate, withheld by the clearing member, on gains from listed futures that guarantees the same tax revenue as that of the current tax treatment of noncorporate individual investors residents in Mexico. The proposed tax policy reduces costs and improves market liquidity and efficiency. The paper develops two models to estimate de break-even tax: 1) a Monte Carlo simulation model, and 2) a binominal model of asset pricing. This work pays special attention to the robustness of the results by modifying the probabilistic assumptions and the values of the parameters. |
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