01641cas a2200241 a 4500 AALejournalIMF007383 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451844221 1018-5941 BD-DhAAL BD-DhAAL Norregaard, John. The Tax Treatment of Government Bonds / John Norregaard. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (25 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students In their effort to finance fiscal deficits at a reasonable cost, governments compete with other users of financial capital. Governments, however, are in the unique position that they are the only debt suppliers that can determine the taxation of debt instruments they issue. Following an overview of the current tax treatment of government bonds in OECD countries, this paper argues that-on purely economic grounds-there are no reasons for exempting interest on government bonds. Administrative difficulties in capturing interest on many other debt instruments in the tax net may, however, provide a rationale for doing so. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1997/025 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/025/001.1997.issue-025-en.xml IMF e-Library