IDEAS home Printed from https://ideas.repec.org/a/emx/esteco/v15y2000i1p3-36.html
   My bibliography  Save this article

Política fiscal y contratos de futuros: el caso de personas físicas en México

Author

Listed:
  • Bernardo González-Aréchiga

    (Mercado Mexicano de Derivados)

  • Jaime Díaz Tinoco

    (Asigna)

  • Francisco Venegas Martínez

    (Mercado Mexicano de Derivados, S. A. de C.V.)

Abstract

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 non-corporate individual investors residents in Mexico. The proposed tax policy reduces costs and improves market liquidity and efficiency. The paper develops two models to estimate the break-even tax: 1) a Monte Carlo simulation model, and 2) a binomial 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.

Suggested Citation

  • Bernardo González-Aréchiga & Jaime Díaz Tinoco & Francisco Venegas Martínez, 2000. "Política fiscal y contratos de futuros: el caso de personas físicas en México," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 15(1), pages 3-36.
    • Handle: RePEc:emx:esteco:v:15:y:2000:i:1:p:3-36
    as

    Download full text from publisher

    File URL: https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/221/223
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:emx:esteco:v:15:y:2000:i:1:p:3-36. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ximena Varela (email available below). General contact details of provider: https://edirc.repec.org/data/cecolmx.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.