83,063
edits
Amwelladmin (talk | contribs) (Created page with "Tax and Stamp tax are meant to be mutually exclusive. Here’s what the ISDA Users’ guide has to say about it, in a footnote on page 58. :''“{{isdaprov|Tax}}” is defined...") |
Amwelladmin (talk | contribs) No edit summary |
||
(2 intermediate revisions by the same user not shown) | |||
Line 1: | Line 1: | ||
Tax and Stamp | {{isdaprov|Tax}} and {{isdaprov|Stamp Tax}} are meant to be mutually exclusive and both refer to duties levied on payments under the swap {{isdaprov|Transaction}} itself and not under [[hedge]]s to it, so be careful when using them (especially in the context of [[delta-one]] [[synthetic equity swap]]s where the main [[stamp duty]] and [[capital gains tax|capital gain]]s issues accrue on {{eqderivprov|Hedge Position}}s. For those you might want to introduce a conceopt like {{eqderivprov|Local Tax}}es, or something similar. | ||
Here’s what the ISDA Users’ guide has to say about {{isdaprov|Tax}} and {{isdaprov|Stamp Tax}}, in a footnote on page 58. | |||
:''“{{isdaprov|Tax}}” is defined in Section {{isdaprov|14}} as any tax, charge or other similar listed items, except a stamp, registration, documentation or similar tax (''i.e.'', a “{{isdaprov|Stamp Tax}}” as defined in Section {{isdaprov|14}} of the 2002 Agreement).'' | :''“{{isdaprov|Tax}}” is defined in Section {{isdaprov|14}} as any tax, charge or other similar listed items, except a stamp, registration, documentation or similar tax (''i.e.'', a “{{isdaprov|Stamp Tax}}” as defined in Section {{isdaprov|14}} of the 2002 Agreement).'' | ||