01563cas a2200241 a 4500 AALejournalIMF009965 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451948639 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Implications of a Lower Capital Gains Tax Rate in the United States. Washington, D.C. : International Monetary Fund, 1989. 1 online resource (28 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 This paper reviews the literature on the revenue implications of a lower capital gains tax rate in the United States. The existing empirical research indicates that the timing of realizations is sensitive to tax changes but is inconclusive on the long-run revenue implications. No study claims that tax revenues would increase very much on a permanent basis. The paper concludes that other aspects of a lower capital gains tax rate deserves more attention, in particular its impact on resource allocation and tax arbitrage. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1989/100 Full text available on IMF http://elibrary.imf.org/view/journals/001/1989/100/001.1989.issue-100-en.xml IMF e-Library