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You searched for subject:( tax reinsurance). Showing records 1 – 2 of 2 total matches.

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NSYSU

1. Chen , Kuo-Shing. Essays on Asset Allocation Strategy under Taxing Billionaires and Housing Endowment Innovation.

Degree: PhD, Finance, 2015, NSYSU

This dissertation links the two leading social issues in the world today, i.e. wealth inequality and aging societies. The major aim of this study attempts to simultaneously solve these two problems. This dissertation contains two topics. First, in Chapter 2, I discuss the optimal asset allocation under a system that taxes the rich. A random wealth evolution process capturing wealth accumulation by a stochastic differential equation allows the billionaires to investment strategies (a) behavioral decision-making for risk aversion, such as tax evasion or avoidance, (b) exposing assets to stock market fluctuations, and (c) using asset allocation and diversification to hedge. The empirical results demonstrate that taxation on the rich will generate the tax evasion effect. Furthermore, the net worth of global billionaires is an insignificant influence on the government revenue. The model sheds light on the origin of the optimal asset allocation strategy described by base-case parameters under a taxing-the-rich system. Thus, I consider whether the current practice of taxing the rich is an appropriate procedure when trying to reduce wealth inequality and whether a suitable billionaire tax system could be adapted to reduce the taxation systemâs distortion of the investorâs portfolio behavior. Second, in Chapter 3 and Chapter 4, I explore the Home Equity Release Products (hereafter ERPs) issue. The products have been promoted as a scheme of accessing equity locked up in a residence, particularly after the property owner has retired. However, ERPs constitute some risk factors: crossover risk, housing price depreciation risk and interest rate risk. In this article, I derive a new closed form approximation for European option prices and an actuarially fair price of mortgage insurance based on the Brownian motion process assumption and a reverse mortgage insurerâs risk with a reinsurance policy. The simulation method considers the stochastic processes of housing prices, and I analyze the insurer's risk of government insured reverse mortgages after development of the insurance pricing model that applies the framework of European put options. The numerical results confirm that the reverse mortgages with proportional reinsurance contracts were highly sensitive to the housing price jump- diffusion process. To deal with longevity risk for the elderly, I evaluate the Black-Scholes model option to project future mortality to determine the values of expected losses. To my best knowledge, this paper is the first study to look at the risk diversification of ERPs via the reinsurance strategy. Advisors/Committee Members: Anlin Chen (chair), Lee, Chien-Chiang (committee member), David Shyu (committee member), Chia-fen Tsai (chair), Chih-hsing Hung (chair).

Subjects/Keywords: Optimal Asset Allo; Optimal Asset Allocation; Merton portfolio problem; Reinsurance; HamiltonâJacobiâBellman equation; Tax evasion; Mertonâs Jump Diffusion; Equity release products

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APA (6th Edition):

Chen , K. (2015). Essays on Asset Allocation Strategy under Taxing Billionaires and Housing Endowment Innovation. (Doctoral Dissertation). NSYSU. Retrieved from http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0811115-133010

Chicago Manual of Style (16th Edition):

Chen , Kuo-Shing. “Essays on Asset Allocation Strategy under Taxing Billionaires and Housing Endowment Innovation.” 2015. Doctoral Dissertation, NSYSU. Accessed November 22, 2019. http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0811115-133010.

MLA Handbook (7th Edition):

Chen , Kuo-Shing. “Essays on Asset Allocation Strategy under Taxing Billionaires and Housing Endowment Innovation.” 2015. Web. 22 Nov 2019.

Vancouver:

Chen K. Essays on Asset Allocation Strategy under Taxing Billionaires and Housing Endowment Innovation. [Internet] [Doctoral dissertation]. NSYSU; 2015. [cited 2019 Nov 22]. Available from: http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0811115-133010.

Council of Science Editors:

Chen K. Essays on Asset Allocation Strategy under Taxing Billionaires and Housing Endowment Innovation. [Doctoral Dissertation]. NSYSU; 2015. Available from: http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0811115-133010


Brno University of Technology

2. Réblová, Monika. Zdaňování příjmů daňových nerezidentů v ČR se zaměřením na tzv. aktivní příjmy .

Degree: 2010, Brno University of Technology

Bakalářská práce se zabývá problematikou zdaňování příjmů nerezidentů v České republice, a to právnických i fyzických osob se zaměřením na kategorii tzv. aktivních příjmů a to i ve vazbě na problematiku zamezení dvojího zdanění. Obsahuje důležité informace, potřebné pro pochopení systému zdanění těchto příjmů, které vedou k optimalizaci daňového zatížení.; This bachelor thesis deals with taxation of the incomes nonresidents in czech republic focused on legals persons and individuals. It is aiming at so-called active incomes and treat avoidance of double taxation issue. My bachelor thesis includes information for understanding the taxation system of these incomes, which lead to tax avoidance optimisation. Advisors/Committee Members: Brychta, Karel (advisor).

Subjects/Keywords: Nerezident; rezident; stálá provozovna; předmět daně; smlouvy o zamezení dvojího zdanění; srážková daň; záloha na daň; zajištění daně; zvláštní sazba daně; Nonresident; resident; permanent establishment; subject of tax; conventions for avoidance of double taxation; withholding tax; advance on tax; tax reinsurance

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6th Edition):

Réblová, M. (2010). Zdaňování příjmů daňových nerezidentů v ČR se zaměřením na tzv. aktivní příjmy . (Thesis). Brno University of Technology. Retrieved from http://hdl.handle.net/11012/12316

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16th Edition):

Réblová, Monika. “Zdaňování příjmů daňových nerezidentů v ČR se zaměřením na tzv. aktivní příjmy .” 2010. Thesis, Brno University of Technology. Accessed November 22, 2019. http://hdl.handle.net/11012/12316.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7th Edition):

Réblová, Monika. “Zdaňování příjmů daňových nerezidentů v ČR se zaměřením na tzv. aktivní příjmy .” 2010. Web. 22 Nov 2019.

Vancouver:

Réblová M. Zdaňování příjmů daňových nerezidentů v ČR se zaměřením na tzv. aktivní příjmy . [Internet] [Thesis]. Brno University of Technology; 2010. [cited 2019 Nov 22]. Available from: http://hdl.handle.net/11012/12316.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Réblová M. Zdaňování příjmů daňových nerezidentů v ČR se zaměřením na tzv. aktivní příjmy . [Thesis]. Brno University of Technology; 2010. Available from: http://hdl.handle.net/11012/12316

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

.