21st century is an era of hope for humanity. Globalisation, remarkable
advances in research, science and technology, and the accelerating rise of
populous Asia, will drive economic progress and improve the lives of countless
The newsletter looks at the paper “Optimal tax-timing with asymmetric long-term/short-term capital gains tax”, which looks at an optimal tax-timing model that takes into account asymmetric long-term and short-term tax rates for positive capital gains and limited tax deductibility of capital losses.